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This joint honours degree
programme is popular with students who want the rigour of an Economics
degree, and yet want the practicality of studying modern management
methods and techniques. As a joint-honours degree, it is less flexible
than certain other degrees offered by the University of London at SIC, as
students have to pursue core papers in both disciplines, with a resultant
limited scope for options.
While the
first year provides a broad foundation for both Economics and Management,
with introductory subjects in both, students must do both intermediate
economics subjects in their second year – Macroeconomics and Microeconomics
(or Managerial Economics (M.E.)) – or else they will significantly limit
their choice for a compulsory “advanced” economic unit in their third year.
Subjects like Industrial Economics have Microeconomics (or M.E.) as a
pre-requisite, and courses like Monetary Economics have Macroeconomics as a
pre-requisite – whereas subjects like International Economics require
students to have passed both Microeconomics (or M.E.) and Macroeconomics.
The advanced
Management unit – Organisational Theory (O.T.) – may be pursued in either
year 2 or year 3. Many students select to leave it until their final year,
however, as the more broad their knowledge base is prior to studying it, the
easier its concepts are to digest.
Whilst year 1
of the programme is standard – with 4 compulsory subjects - over years 2 and
3, students on the Economics & Management pathway must sit for the following
papers:
- MICROECONOMICS or
MANAGERIAL ECONOMICS
- MACROECONOMICS
- ELEMENTS OF
ACCOUNTING & FINANCE
- ORGANISATIONAL
THEORY
and at least one
ADVANCED ECONOMIC UNIT such as:
- MONETARY ECONOMICS
- INDUSTRIAL
ECONOMICS
- LABOUR ECONOMICS
- INTERNATIONAL
ECONOMICS
This leaves students with
three optional papers.
Students who are interested in
qualitative papers in Management areas tend to select subjects like:
- HUMAN RESOURCE
MANAGEMENT
- MARKETING
- SOCIAL PSYCHOLOGY
etc.
whilst students who are more
keen on quantitative Management issues tend to choose subjects such as:
- MANAGEMENT SCIENCE
METHODS
- MANAGEMENT
MATHEMATICS
- PRODUCTION
OPERATIONS & MANAGEMENT etc.
A third group of students, -
the “hard core economists” instead opt for selecting more than one of the
Advanced Economic Units cited above, or for courses like:
- FURTHER MATHS FOR
ECONOMISTS
- ELEMENTS OF
ECONOMETRICS AND ECONOMIC STATISTICS
(For students
considering continuing their studies and doing a Masters degree in some
economic discipline, you should be aware that many universities require that
candidates should have studied Econometrics at the undergraduate level.)
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