| Program start date | Application deadline |
| 2023-09-01 | - |
| 2023-09-11 | - |
Program Overview
Business Management and Economics at Aberdeen is a perfect partnership for brilliant career opportunities in business or the public sector, giving you wide knowledge and skills in management, people and organisations in a fast-moving environment with many influences and driven by global, regional and local economy.
Program Outline
What You'll Study
Year 1
Compulsory Courses
Academic Writing for Business (AW1003)
This compulsory evaluation is designed to find out if your academic writing is of a sufficient standard to enable you to succeed at university and, if you need it, to provide support to improve. It is completed on-line via MyAberdeen with clear instructions to guide you through it. If you pass the evaluation at the first assessment it will not take much of your time. If you do not, you will be provided with resources to help you improve. This evaluation does not carry credits but if you do not complete it this will be recorded on your degree transcript.
Detailed course informationThe Economics of Business and Society (EC1006)
15 Credit Points
This course is an introductory course in microeconomics where we study the decision making of individual actors (consumers, employees, firms, governments, etc.) in an economy. Actors must make decisions about behaviours because they face scarce resources, but often they find that trading with other actors in markets can increase the wellbeing of all parties. This course models and examines the nature of these interactions, highlighting when they work well and when they fail to increase wellbeing and what might be the solution to these failures.
Detailed course informationManaging Organizations (MS1009)
15 Credit Points
The aim of this course is to introduce students to the fundamentals of management, the internal structure and processes of organisations. Students will understand the main functions of management, what management is, what managers do and the factors that influence behaviour and performance of managers and other employees within an organisation.
The course will introduce a range of theories, research and real-life illustrations of a diverse range of management practices and organisational behaviour. The course will cover areas of: Staffing, Groups and Teams, Leadership and Management, Human Resource Management, Organisational Structure, Culture and Change, Communication, Marketing, Branding and Organisational Processes.
Detailed course informationAccounting and Entrepreneurship (AC1515)
15 Credit Points
This is an introduction to accounting which aims to provide an understanding of how organisations – particularly small and medium sized businesses – capture, create and use accounting information both to guide their activities internally within the management function and to communicate their financial performance and position to external users of the accounts. This course allows students to develop practical and analytical skills through a problem-solving approach to accounting-related aspects of business performance reporting and control, particularly in relation to bookkeeping, accounts preparation, budgeting and management accounting.
Detailed course informationThe Global Economy (EC1506)
15 Credit Points
This course is an introductory course in macroeconomics where we study the behaviour of the economy as a whole. Whereas microeconomics focuses on individual markets, macroeconomics addresses the “big issues” such as unemployment, inflation, economic growth, and financial crises. Macroeconomics is a lively subject, full of discussion and debate, as economists and policymakers take different views on macroeconomic issues, their causes and appropriate policy responses. Issues such as: Is the economy growing? What causes unemployment and how can we reduce it? How can we avoid recessions? When is inflation a problem? Are banks lending too much?
Detailed course informationGetting Started at the University of Aberdeen (PD1002)
This course, which is prescribed for level 1 undergraduate students (and articulating students who are in their first year at the University), is studied entirely online, takes approximately 5-6 hours to complete and can be taken in one sitting, or spread across a number of weeks.
Topics include orientation overview, equality and diversity, health, safety and cyber security and how to make the most of your time at university in relation to careers and employability.
Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’.
Detailed course informationOptional Courses
Plus further credit points from courses of choice to gain a total of 120 credits.
Year 2
Compulsory Courses
Intermediate Microeconomics (EC2003)
30 Credit Points
This course builds on and is a natural extension of EC 1006. By examining in a more rigorous way concepts introduced in EC 1006 students will develop further their analytical skills and they will obtain a better understanding of consumers and producers behaviour, market structure as well as the effectiveness of economic policy. The course is designed to appeal to all students interested in economics. This includes students who may wish not to enter into any further studies of economics, as well as students who may wish to continue studying economics at the honours level.
Detailed course informationIntermediate Macroeconomics (EC2503)
30 Credit Points
This course focuses on macroeconomic policy in a global economy. The first part builds an open-economy Keynesian model to investigate what determines the effectiveness of fiscal and monetary policies, and how exchange rate regimes and capital mobility impact on policy effectiveness. The second part investigates what determines the level of macroeconomic activity and its growth over time. The final part looks at what determines inflation and unemployment. This intermediate level course uses live lectures to develop your analytical skills evaluating economic policy in a rigorous and technical way to equip you with the skills needed for honours level study.
Detailed course informationOperations Management (MS2511)
15 Credit Points
Operations is the part of management that considers processes rather than people and focuses on the organisation rather than its environment.
We study processes and process types: when we produce goods or provide services through projects, jobs, batches or by mass production or mass services. We study layout–how facilities are arranged–, capacity and inventory–how much we can make and when to store–, supply chains, project management, quality and improvement.
The course considers theories such as lean and just-in-time but also practice. You will need a calculator besides the ability to write reports.
Detailed course informationUnderstanding Statistics (PO2508)
15 Credit Points
This course aims to provide students with an understanding of statistical concepts and methods relevant to accounting, management, finance, real estate and economics. The course is intended to enable students
i) To understand the principles of descriptive statistics, index construction, statistical inference, correlation, regression and time series analysis
ii) To apply statistical techniques to the analysis of accounting, business and economic issues and interpret findings
iii) To identify important sources of data in accounting, business and economics
Detailed course informationMarketing (MS2006)
15 Credit Points
This course provides students with an overview of the underpinning concepts of marketing, and the requirements for the development of a market oriented organisation. Specifically introduces the basic concepts of buyer behaviour, market research, the marketing mix and the strategic context of marketing. The linkages between marketing and other key functional areas of management, notably operations and human resource management are highlighted by this course, encouraging the adoption of a systems perspective.
Detailed course informationOptional Courses
Plus further credit points from courses of choice to gain a total of 120 credits.
Year 3
Optional Courses
NOTE: If you intend to take your dissertation in Business Management in level 4 you must take MS 3553 Research Methods for Business in level 3.
Select credit points from level 3 courses in Business Management and Economics to gain a total of 60 credits in each discipline.
Plus 60 credit points from level 3 courses in Economics.
Students are required to have exactly 240 credits at levels 3 and 4, at least 210 of which must be EC or MS coded, and normally no more than 120 credits from either discipline. At least 90 credits must be at level 4.
Research Methods for Business (MS3553)
30 Credit Points
This course introduces students to what is involved in undertaking research into business phenomena. It introduces philosophical issues in the theory of knowledge, ethical issues in research conduct, and considers quantitative and qualitative methods in turn, addressing issues in sampling and design, details of specific approaches, and considerations in data analysis. The course is taught through weekly lectures and an extended two hour tutorial every fortnight, with two pieces of coursework and a two hour written exam. The emphasis throughout is on understanding the conceptual underpinning of different methods, and their strengths and limitations in research.
Detailed course informationBusiness Ethics and Corporate Social Responsibility (MS3056)
30 Credit Points
What is Business Ethics and why should we care? There is an impression amongst many that Business and Ethics are opposed ideas. This course seeks to address these issues. Exploring Business Ethics and Corporate Social Responsibility, tracing its historical origins through to current practice within organizations and the impact on the wider world. The course covers the fundamental question of what ethics is, granting a context for wider discussion. It looks at why ethics is relevant in the business world today and does so through traditional lectures and interactive learning such as the debates that have proven popular with students.
Detailed course informationNew Venture Development (MS3058)
30 Credit Points
Entrepreneurship skills are highly important to current economy and they are required to reach higher levels of economic growth and innovation. It is also widely believed that increased levels of entrepreneurship can be reached through, especially, entrepreneurship education. Therefore, this course help students build fundamental blocks that essential to embarking on an entrepreneurial venture.
Detailed course informationUnderstanding the Consumer (MS3551)
30 Credit Points
This theoretically informed and practical course aims to explore the key concepts and theories of consumer behaviour. Students will explore: the consumer as an individual (understanding motivations, psychographics, demographics and cognitive processes) and social and group aspects of consumer behaviour (the role of friends, family and reference groups). The course uses interactive lecture sessions and tutorial activities to encourage students to reflect both on theory and their own experiences as consumers. The course will be very useful for those interested in marketing and market research careers.
Detailed course informationHuman Resource Management (MS3554)
30 Credit Points
This course provides an in-depth examination of key theories and concepts in Human Resource Management (HRM) and demonstrates how these concepts can be applied in practice, using relevant case studies. Key themes to be covered include important HRM issues like the link between strategy and HRM, organizational design, team and organizational performance, employee relations, the strategic aspect of compensation and other emerging trends in HRM (life-work balance; virtual organizations and teleworking)
Detailed course informationYear 4
Compulsory Courses
Choose
one
of the following Options:
AND
Business Strategy (MS4536)
Economics Dissertation (EC4526)
30 Credit Points
The dissertation presents students with the opportunity to apply their knowledge and research skills of Economics to an individual piece of research, focusing on a topic which has been chosen by the student and approved by the Dissertation coordinator and Dissertation supervisor. Over the course of the Dissertation, with guidance from the supervisor, the student will study a particular topic, conduct a literature review of relevant material, select appropriate theoretical and/or empirical methods to address the topic and write a final analysis in the form of the Dissertation of up to 10,000 words.
Detailed course informationBusiness Strategy (MS4536)
30 Credit Points
This course is about business strategy and covers a broad range of topics that come under the general heading of “Business Strategy” or “Strategic Management”. The course has been designed to help you gain an understanding of the key areas of strategic management including an understanding of: what strategic management is and why it is important; the different types of strategic analysis tools available; the difference between corporate, business and functional strategy; the complex issues associated with the implementation of strategy; the concept of strategic fit; and the role for strategic leadership in shaping and implementing strategy.
Detailed course informationDissertation in Management Studies (MS4540)
30 Credit Points
Students in this course conduct independent research under the guidance of a supervisor. They can select their own dissertation topic or choose one of a range of topics offered by staff within Management Studies. Students undertake a qualitative and/or quantitative piece of empirical research and produce a dissertation at the end of the process. This course provides them with an opportunity to develop a range of generic and research-specific skills including critical thinking, argumentation, writing, time management, review of literature, research design, and data analysis.
Detailed course informationOptional Courses
Select further credit points from level 4 Business Management and Economics courses to gain 60 credits in each discipline.
Students are required to have exactly 240 credits at levels 3 and 4, at least 210 of which must be EC or MS coded, and normally no more than 120 credits from either discipline. At least 90 credits must be at level 4.
NOTE: You are required to gain a minimum of 90 credit points from level 4 courses.
Understanding and Managing Change (MS4048)
30 Credit Points
There are many jobs available every year in the consultancy sector and preparing to apply for one requires knowledge, skill and experience demonstrated to your future employer. This course is intended to introduce you to the work of management consultants and identify the competencies you will require to apply for a career in consultancy. The course will include group presentation work which will be assessed by your tutors (who have both been consultants) and past students who have are now employed in consultancy who will advise you on how best to apply for a position in this important sector.
Detailed course informationUnderstanding and Managing Behaviour in Organisations (MS4053)
30 Credit Points
This course is concerned with managing and understanding organisational behaviour. Organisational behaviour is one of the most complex and perhaps least understood academic elements of modern general management but since it concerns the behaviour of people within organisations it is also one of the most central. This course designed to prepare students for what lies within organisations, thus avoiding the 'reality shock'. The emphasis will be on real-life rather than theoretical examples although wherever appropriate theory will be grounded in practical examples.
Detailed course informationBusiness Strategy (MS4536)
30 Credit Points
This course is about business strategy and covers a broad range of topics that come under the general heading of “Business Strategy” or “Strategic Management”. The course has been designed to help you gain an understanding of the key areas of strategic management including an understanding of: what strategic management is and why it is important; the different types of strategic analysis tools available; the difference between corporate, business and functional strategy; the complex issues associated with the implementation of strategy; the concept of strategic fit; and the role for strategic leadership in shaping and implementing strategy.
Detailed course informationWe will endeavour to make all course options available; however, these may be subject to timetabling and other constraints. Please see our InfoHub pages for further information.
Within Subject Areas
Careers
There are a wide variety of careers you can choose from with Business Studies and Economics. Business Studies allows you to apply your skills in consultancy, advertising, banking, insurance, logistics, manufacturing, public relations, HR, sales, retail, and buying as a minimum. If you apply your Economics knowledge you can go into trading, finance, development and more.