Business Economics (Industry) BSc (Hons)

Lancaster University

Should a company open a new store? Who gains from interest rate changes? What are the implications of performance-related pay? How to measure the impact of climate change, and what should we do about it?

BSc Business Economics provides you with the analytic skills and intellectual toolbox to help answer these pressing questions and many more and the possibility of directly applying them through a paid placement in industry.

Programme overview

The programme begins by introducing the foundational principles of Economic Theory. The BSc then focuses on economic methods with specific application to business. You will be exposed to subjects of study such as Marketing, Accounting and Finance by choosing modules from within the Management School.

You will cover the fundamentals of economic theory and practice, and as your degree progresses and you discover more about both the subject and about yourself, you have the opportunity to flex this programme in ways that speak to your changing interests and strengths. This might lead you to choose modules in:

International Business

International Trade

Industrial Organisation

Health Economics

Amongst many other specialisations. This leads to a degree unique to you, where you have played a major part in building the degree you want.

Your third year is spent in industry. You’ll be supported in securing a placement, with past students joining companies such as IBM, Lloyds Bank, Microsoft, PwC and the Bank of England. Roles on offer range from project management and logistics to investment, business development and risk. Most placements are in the UK but there are some options overseas.

Key facts

Your economics module choice can also be combined with other modules across the Management School in subjects such as

Accounting

Finance

Marketing

Entrepreneurship and Strategy

Leadership and Management

such that you can complement your economics pathway in its own unique way.

You do not need an A level in Economics or an A level in Mathematics to enrol in BSc in Business Economics.

Throughout your degree, we’ll supply training in CV writing, interview assessment centres and telephone interviews. We are proud of our aspiring economists and aim to nurture the potential in every one of them.

Programme outcomes

BSc Business Economics (Industry) offers a grounding in the fundamentals of economics. The most powerful aspect of economics is that it teaches a way of thinking which can then be applied to a specific field. If you want to be a government economist advising on tax or social/welfare costs, you need specific knowledge and skills. The same is true for a career in finance. You need specific finance models – how much to invest here, or advise clients to invest there. But the mode of thinking is the same for both: it is the critical, disciplined way of thinking that you will get from an Economics degree at Lancaster University. Economics opens up the world because the critical and analytical thinking skills that it inculcates are applicable to whatever your passion, be they politics, finance, the trading floor, or working for an NGO, all use the same skills.

Accredited by the Association to Advance Collegiate Schools of Business (AACSB).

Accredited by the EFMD Quality Improvement System.