Economics with Management

Durham University

Explore core economic theory, develop management knowledge and learn how different strategies are used to make key decisions within an organisation. Combine economics with management to develop an understanding of key business concepts. On this course you’ll learn how organisations are managed, the strategies used to compete for customers and the importance of economics in achieving an organisation’s objectives. Alongside the fundamental theories and techniques of economics, you’ll study complementary modules in finance, business, accounting and management. Tailoring your degree in this way helps build the knowledge and skills to support a career in your area of interest, whether that’s in the field of economics, consultancy or a broader business management role. Central to the course is the real-world application of economics and management. The curriculum includes lectures from expert speakers and case studies where you will have a chance to investigate a range of contemporary economics issues to develop your analytical, numerical and problem-solving skills. You have the option to complete the course in three years, add a placement year or spend a year abroad. The flexible structure coupled with the varied selection of optional modules across all years allow you to tailor your studies to your interests and aspirations.The first year provides a foundation in economic principles and general management studies. In subsequent years you will further develop your understanding of core areas of economics and management such as macroeconomics, microeconomics, innovation, operations and data analysis.Course structureYear 1 modulesCore modules:Principles of Economics provides a sound foundation for modules in micro- and macroeconomics. You will cover areas including methodology of economics, supply and demand, consumer spending choices, competition and growth theories.Economic Methods familiarises you with the use of mathematical and statistical tools in solving economic problems. You will look at equations, matrix algebra, calculus, statistics, distribution, confidence intervals and hypothesis testing.Managing Behaviour and Organisations focuses on managing people and organisations in contemporary society. You will learn about some of the concepts that can lead individuals and groups to behave in a particular way and apply these concepts to a range of issues including examples from your own experiences.Introduction to Leadership introduces basic leadership theories and practices in an organisational context. It examines the roles of personality, power, emotion, gender and culture in the field and addresses some of the practices that might result in leadership failure.Optional modules:In recent years, optional modules have included: The Economics of SustainabilityIntroduction to the History of Economic ThoughtThe World EconomyMastering Data and Computation.Year 2 modulesCore modules:Macroeconomics uses real-world examples to analyse the general equilibrium of an economy both in the short term, with a static model, and in the medium to long term, with a dynamic model.Microeconomics develops your knowledge and understanding of the essential components of microeconomics with a particular focus on the analytical skills relevant to consumer and production theories, general equilibrium and welfare.Econometrics equips you with the skills to understand the empirical analysis most frequently used in economic literature. You will also write a report based on econometric analysis.Innovation Management explores the elements involved in managing an organisation's innovation procedure, from the initial idea to successful implementation. You will learn to think critically and strategically about innovation, competition and the impact of innovation on organisations and the wider economy.Operations Management shares knowledge and understanding of operat

Economics and Finance