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BSc Accounting with Economics (Including Foundation Year)

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  • We equip you with the necessary knowledge and skills to succeed at Essex and beyond.
  • Our international students benefit from a single visa for all four years of study.
  • Small class sizes allow you to work closely with your teachers and classmates.

Course options2017-18

UCAS code: N4L1
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: Essex Pathways
Fee (Home/EU): £9,250
Fee (International): £11,750
International students: The standard undergraduate degree fee for international students will apply in subsequent years
Fees will increase for each academic year of study.
Home and EU fee information
International fee information

UCAS code: N4L1
Duration: 4 years
Start month: January
Location: Colchester Campus
Based in: Essex Pathways
Fee (Home/EU): £9,250
Fee (International): £11,750
International students: The standard undergraduate degree fee for international students will apply in subsequent years
Fees will increase for each academic year of study.
Home and EU fee information
International fee information

Course enquiries

Telephone 01206 873666
Email admit@essex.ac.uk
Live chat

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About the course

Our BSc Accounting with Economics (including foundation year) is open to Home, EU and international students. It will be suitable for you if your academic qualifications do not yet meet our entrance requirements for the three-year version of this course and you want a programme that increases your subject knowledge as well as improves your academic skills.

This four-year course includes a foundation year (Year Zero), followed by a further three years of study. During your Year Zero, you study four academic subjects relevant to your chosen course as well as a compulsory English language and academic skills module.

You are an Essex student from day one, a member of our global community based at the most internationally diverse campus university in the UK.

After successful completion of Year Zero in our Essex Pathways Department, you progress to complete your course with Essex Business School. On this professionally accredited course, you learn how to be a more effective accountant, business consultant or manager by combining accounting knowledge with economic theories. By understanding key accounting principles, as well as how the economy functions, fluctuates and impacts organisations, you can make better informed recommendations that positively influence business strategy and performance.

You are encouraged to take on a paid industry placement in your third year to put your knowledge into practice and further develop your professional skills.

You acquire knowledge and practical skills by exploring topics such as:

  • financial and management accounting
  • the preparation of financial statements
  • costing, budgeting and performance evaluation
  • micro and macroeconomics
  • international trade

In your first year, we also introduce you to important aspects of marketing, management and finance. These core areas ensure you gain a fully-rounded business education, providing a solid foundation for your second and final years and future career.

In your final year, you have the opportunity to put your knowledge into practice by completing an in-depth, independent research project or dissertation (subject to approval). This will give you the chance to further develop vital employability skills in areas of research, time management and critical thinking.

This course combines expertise from two highly ranked departments, Essex Business School (EBS) and the Department of Economics.

EBS is a signatory of the UN Principles of Responsible Management Education (PRME) and champion business ethics and sustainability. We encourage students to make responsible decisions for the good of business and society. Consequently, your course will explore important issues of management accountability and explore the political, cultural and social implications of corporate actions.

Professional accreditation

Essex Business School courses provide you with accreditations and exemptions from a range of professional bodies including:

  • The Association of Chartered Certified Accountants (ACCA)
  • The Institute of Chartered Accountants in England and Wales (ICAEW)
  • The Chartered Institute of Management Accountants (CIMA)

This means that you are able to gain a professional qualification by taking fewer exams when you graduate, giving your career a head start.

Our expert staff

You are taught by a highly qualified, enthusiastic team of academics and practitioners with wide-ranging research interests. Their expertise ensures you learn about the issues facing today’s accountants and economists.

Essex Business School staff specialise in areas including: accounting and economic development in the public and third sectors; regulation and corporate social responsibility; finance and banking; accounting and finance in developing economies; and contemporary financial markets and their participants. You’ll often see academics, such as Professor of Accounting Prem Sikka, talking to the media about contemporary business issues.

Our economics researchers are at the forefront of their field and have even received MBEs. Many also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future.

Specialist facilities

By studying within our Essex Pathways Department for your foundation year, you will have access to all of the facilities that the University of Essex has to offer, as well as those provided by our department to support you:

  • We provide computer labs for internet research; classrooms with access to PowerPoint facilities for student presentations; AV facilities for teaching and access to web-based learning materials
  • Our new Student Services Hub will support you and provide information for all your needs as a student
  • Our social space is stocked with hot magazines and newspapers, and provides an informal setting to meet with your lecturers, tutors and friends

On this course you benefit from the facilities in both Essex Business School and the Department of Economics:

  • a virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • light and spacious lecture theatres
  • study pods and innovation booths for group working
  • a café with an adjacent sun terrace
  • study skills workshops
  • extensive software for quantitative analysis, available in computer labs across the university
  • the lively Economics Society, an active and social group where you can explore your interest in your subject with other students

Our Colchester building is located on the Knowledge Gateway, the University’s research and technology park. Parkside Office Village is situated on the site, providing potential networking and work experience opportunities with a range of exciting businesses.

Your future

In 2014, 88% of all Essex Business School full-time undergraduates and 96% of overseas undergraduates were in work or further study within six months of graduating.

Our recent graduates enjoy rewarding careers at organisations such as:

  • AVIVA
  • PWC
  • IBM
  • Deloitte
  • EY
  • Bank of England
  • Hiscox
  • John Lewis Partnership

We understand the skills and knowledge employers want and ensure you develop them throughout your studies by including a career development module as part of your course. We give you the opportunity to take part in employability opportunities and the University’s Employability and Careers Centre provides further advice on securing work experience, internships, placements, and voluntary opportunities.

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Example structure

We offer a flexible course structure with a mixture of compulsory modules and options chosen from lists. Below is just one example of a combination of modules you could take. For a full list of optional modules you can look at the course’s Programme Specification.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore all modules listed are subject to change.

Year 0

What are the key concepts in business management today? Explore core elements within the field of business management, covering topics in banking, finance, management and accounting. Apply theoretical concepts to key organisations, companies and institutions. Develop your analytical skills and practical knowledge of this dynamic sector.

What is economics? And what are the main economic theories and principles? Build your understanding, studying topics in microeconomics and macroeconomics. Develop your knowledge of economic implications and build your analytic skills in using simple mathematical techniques and economic diagrams.

Want to use mathematical techniques to solve problems? And to calculate basic statistical measures? Develop mathematical skills like number work, algebra, geometry, probability and statistics that can be used on any course requiring mathematics above Higher GCSE standard. Learn to solve relevant problems and know how to present data clearly.

Academic Skills covers the key areas that you will experience during your degree, preparing you for aspects of academic study at undergraduate level. The module enables you to develop and enhance your existing abilities by focusing on the core skills of reading, writing, listening and speaking in an academic context. It does this with both generic texts and also, crucially, those related to your subject area. Academic Skills provides strategies for successful communication and interaction through independent and collaborative learning offering opportunity to further enhance your research skills. The content is designed to ensure that you acquire a range of transferable employability and life skills.

Year 1

Discover the nature and role of accounting, discussing who uses accounting information and for what purposes. You learn about the processes used to record, summarise and present accounting data, using the computerised accounting package MyAccountingLab. You also investigate the development and role of regulation in governing accounting practice.

Discover the applications of quantitative techniques in accounting, finance and management. You explore maths revision, the time value of money, rates of change, probability and statistics, making extensive use of Excel for applying statistical techniques. You also study the financial system, instruments and markets and ideas about finance concepts and problems. The topics covered include investment companies, return and risk, and behavioural finance.

Explore the most significant issues in management theory and practice. You draw out some of the connections and disjunctures between management theory and management practice. You also consider the ethics of managing, and how to balance a business’s priorities with the organisation's wider responsibilities to society and other stakeholders.

How do consumers make decisions? Or firms conduct different market strategies? What impact does government policy have on inflation? Or unemployment? Develop your knowledge of economics in relation to a range of contemporary issues. Learn how to apply both micro and macroeconomic principles to the analysis of such problems.

This module encourages you to become an active, independent learner, with the ability to reflect on business situations and form your own opinions. We cover areas designed to help you adjust to a university business education so you can perform to your full academic and professional potential. We explore the importance of referencing, constructing a coherent argument and developing writing skills for a variety of purposes, such as academic essays, exams and reports. We develop your analytical skills, critical thinking, presentation and communication skills to help you get the most from your time at university.

This compulsory module aims to help you excel in your academic studies by introducing you to effective study techniques and tools, including the study skills support and resources available to you within Essex Business School. You receive guidance on your academic progress, as well as your personal and professional development. These sessions offer you the opportunity to meet and develop networks and connections within the School and provide key support throughout your first year by helping you to develop the skills and learning strategies needed throughout your degree.

Year 2

Extend your knowledge of financial accounting by mastering the preparation and analysis of the published financial statements of limited companies operating on their own, or within group structures. You investigate the regulation of financial reporting, the function and content of the main published statements, and problems connected with the treatment of taxation, depreciation, and specific aspects of the asset-expense distinction.

Management accounting enables you to provide three key areas of information to any business: costing, decision-making, and planning and control. In this module you focus on costing, but also see how this area overlaps with the other two, as all three areas always interact. You also develop your knowledge and understanding of management accounting and the context in which it operates.

Develop your understanding of the role of management accounting in organisational decision-making and control. You explore the uses of management accounting information in facilitating planning, control and decision making by managers.

This module links subject understanding to employability, ensuring you’re prepared to take advantage of graduate opportunities at the point they’re advertised. You gain an understanding of the graduate labour market and recruitment processes, as well as timelines for recruitment and interview and assessment centre techniques. You also learn about options for postgraduate study.

How do consumers behave in a competitive market? And what about producers? How do various imperfections affect the outcome of decentralised markets? Study the fundamental concepts and methods in microeconomics. Understand the tools and methods of analysis for economic reasoning, and develop your critical approach to economic issues and policies.

Explore how financial theory can aid financial decision-making in corporations. You discover how to apply the value maximization principle to corporate decisions, such as investment decision, borrowing decisions, and dividend decisions.

Explore both theoretical and practical issues related to the modern banking business. You consider the main characteristics and types of banks (e.g. commercial and mutual; retail and wholesale) and analyses recent trends and developments in relation to both domestic and international banking markets. You also explore the main items contained in banks' financial statements and discuss the main risks of banking, with particular reference to elementary risk management techniques.

Final year

What does accounting do and why, and what is done in the name of accounting but might not be accounting? Does accounting enable us to talk or does it erect barriers around issues so that the debate is silenced or limited? Who should make accounting standards? Should it be the state, professional bodies or some private interests? These are some of the key issues facing producers, consumers, and regulators of corporate financial reports.

Management accounting serves the purpose of identifying, measuring and communicating economic information to permit management and workforce make informed judgements and decisions. Investigate the technical issues in cost management and performance measurement systems, and wider issues concerning the role of management accounting in shaping management structures and decisions in manufacturing and service contexts.

In this module, you evaluate contemporary developments and research in the field of management accounting, using real-life business case studies. You explore management accounting within economic, political, social and cultural contexts, exploring issues such as deregulation, globalisation and increasing customer demands. You examine strategic issues such as cost management, performance measurement and management controls and explore how organisational and technological changes are impacting the discipline both nationally and internationally.

Expand on the mathematical techniques you developed in Mathematical Methods in Economics. You’ll learn how to use additional mathematical tools, which will enable you to analyse a larger, richer, and more interesting set of economic models. The main focus of the course is on methods for studying dynamic economic problems. Rather than concentrating exclusively on mathematical techniques, intuition for how and why these techniques work will be developed through application to specific economic problems.

How does a monopolist make decisions? And what impact do such decisions have? How can regulators control this behaviour? Build your understanding of monopoly industries, starting with the sources, creation and exercise of monopoly power. Critically assess the principles and practices of monopoly regulation, using real-world examples from industry.

How do firms make decisions? And how do these decisions impact on the prices you pay? What role does game theory play? Understand strategic interaction among firms, using theoretical tools to examine real-world examples. Analyse the main economic forces behind firm behaviour, adapting economic models to study particular challenges.

Why does the government play such an important role in the health care sector? How does the patients’ lack of information affect medical prices? Can we use economics modules to understand the rationale for risky behaviours, such as smoking? These are some of the questions you will try to answer during this module, building on your insights of microeconomic theory, and covering a broad range of concepts, theories, and topics related to the economics of healthcare.

Teaching

  • Your teaching mainly takes the form of lectures and classes, the latter involving about 20 students
  • You can contribute and interact in lectures through the use of smart technology
  • A typical timetable includes a one-hour lecture and a one-hour class for each of your four modules every week
  • Any language classes involve language laboratory sessions
  • Our classes are run in small groups, so you receive a lot of individual attention

Assessment

  • Your assessed coursework will generally consist of essays, reports, in-class tests, individual or group oral presentations, and small scale research projects

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Qualifications

UK entry requirements

A-levels: DDD, or equivalent in UCAS tariff points, to include 2 full A-levels.
GCSE: Mathematics C

International and EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Email admit@essex.ac.uk for further details about the qualifications we accept. Include information in your email about the high school qualifications you have already completed or are currently taking.

English language requirements

English language requirements for applicants whose first language is not English: IELTS 5.5 overall. Specified component grades are also required for applicants who require a Tier 4 visa to study in the UK.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels required. Please note that date restrictions may apply to some English language qualifications

If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

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Applying

Applications for our full-time undergraduate courses should be made through the Universities and Colleges Admissions Service (UCAS). Applications are online at: www.ucas.com. Full details on this process can be obtained from the UCAS website in the how to apply section.

Some of our EU and International students who are still at school or college can apply through their school. Your school will be able to check and then submit your completed application to UCAS. Our other international applicants (EU or worldwide) can also apply online through UCAS Apply.

The UCAS code for our University of Essex is ESSEX E70. The individual campus codes for our Loughton and Southend Campuses are ‘L’ and ‘S’ respectively.

Visit us

Open days

Our Colchester Campus events are a great way to find out more about studying at Essex. In 2017 we have three undergraduate Open Days (in June, September and October). These events enable you to discover what our Colchester Campus has to offer. You have the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

Check out our Visit Us pages to find out more information about booking onto one of our events. And if the dates aren’t suitable for you, feel free to get in touch by emailing tours@essex.ac.uk and we’ll arrange an individual campus tour for you.

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

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