Business and Finance BSc (Hons)

Develop the skills and knowledge necessary to undertake independent research. In this module, you will be introduced to data analysis using econometrics, with an emphasis on principles and applications of the Classical Linear Regression Model and violations of its underlying assumptions. Using global economic and financial data, this module explores statistical techniques of descriptive analysis, estimation, hypothesis testing and modelling. Emphasis is placed on the understanding and interpretation of quantitative results for economic and financial decision-making.

You will formulate fitting research objectives and select appropriate methodologies to develop your competence in designing and evaluating successful qualitative and quantitative research projects. Through experimentation on diverse data sources, you should elevate your analytical and reflective abilities, preparing you for contemporary data-driven challenges.

Compulsory

This module will introduce you to relevant concepts in corporate and behavioural finance. Learn about the workings of the equity and bond markets, develop quantitative skills to price stocks and bonds, and study techniques to understand the trade-off between risk and return to an optimal effect. You would also develop a critical understanding of theories and empirics of asset pricing models and market efficiency hypothesis and gain an awareness of key financial decisions taken by firms.

This module aims to give you a theoretical and practical understanding of investor psychology and decision-making so you can critically evaluate how investment decisions are affected by cognitive errors, psychological biases and emotions.

This module covers the basics of financial theory and how they are applied in the real world. There will be structured opportunities to develop your quantitative and analytical skills in preparation for more advanced studies in finance.

Compulsory

This module aims to provide you with a theoretical framework which can be used to assess the rationale for financial regulation in general and the effectiveness of specific regulatory initiatives across the financial system.

Regulatory structures in the UK and other countries will be analysed, as will the varying ways in which regulation is conducted in practice across the whole financial system. You will also consider the regulatory issues that have been raised by the last financial crisis.

Understand the structure of the UK financial regulatory environment in comparison to other countries, appreciate the regulatory infrastructure of UK financial services, the key legislations in financial regulation, the mandates and functions of the key regulatory bodies and the role of ethics in professional practice.

Learn the meaning and importance of corporate governance, the main governance issues, and how to maintain sound and effective governance mechanisms.

Compulsory

Get an introduction to business organisation and management. Develop a good understanding of how organisations are structured and managed and a pragmatic insight

into the role and importance of some of the typical functional areas of organisations (marketing, finance, human resource management and supply chain management). You should also gain an in-depth understanding of the key and practical issues in management within global organisations, including the role management plays within an organisation, the development and motivation of people and the management of a culturally diverse workforce. You should also gain an advanced understanding of responsible leadership and the role, dynamics and impact of organisations in creating sustainable social, environmental and economic value.

Compulsory

This module² provides you with an opportunity to reflect upon and gain experience for an approved placement undertaken during your programme. A placement should usually be at least 26 weeks or equivalent; however, each placement will be considered on its own merits, having regard to the ability to achieve the learning outcomes.

Optional

This module² provides you with an opportunity to reflect upon and gain experience for an approved international study/work placement undertaken during your programme. A work/study placement should usually be at least 26 weeks or equivalent; however, each placement will be considered on its own merits, having regard to the ability to achieve the learning outcomes.

Optional

This module focuses on the bond and equity markets. You will be introduced to discounted cash flow-related bond pricing techniques along with bond portfolio management and the associated risk immunisation methodologies. Concerning equity valuation, you will compare discounted cash flow methods with fundamental valuation approaches, including value investing and growth investing. Market timing is also explored through the application of technical analysis. You should gain a thorough understanding of identifying, assessing and mitigating various business risks. Module content also covers operational, financial, reputational and credit risks, emphasising effective strategies and tools for risk management.

Compulsory

While the core purpose of business strategy has always been to help organisations succeed in dynamic and complex environments, contemporary strategy has evolved in its tools and approaches to better address today's heightened pace of change and uncertainty. To be competitive, businesses must be more flexible, including the ability to shift from one dominant strategy to another.

This module aims to provide you with an understanding of strategic leadership and management, strategic analysis and strategic decision-making within organisations. It also appraises what is required for high performance in an uncertain environment.

Compulsory

This module is your chance to apply the knowledge and insights learnt on the course. It aims to develop you into an independent and ethical researcher. You will conduct a research project related to your course to evidence your intellectual, technical and analytical skills. You will receive personalised support and guidance from a supervisor and benefit from critical discussions and cross-fertilisation in group supervision sessions.

Compulsory

Choose one of the following two:

• Insurance and Pensions – 30 credits
  

  Insurance plays two key functions over the life cycle of a consumer. It absorbs risks and protects consumers from losing their income because of death, disability, retirement or depletion of income. Yet, insurance is not widely understood, resulting in the over-insurance of small risks (for example, contents) and underinsurance of big risks (for example, premature death and disability).

  This module examines the use of insurance products to hedge against these three risks in life: premature death and disability, inadequate income in retirement and longevity risk. It focuses on how life insurance products (such as life insurance, critical illness, income protection) can be used to hedge against premature death and disability, pension plans to ensure adequate income in retirement and annuities to hedge against longevity risk. This module also examines why personal risk management is the foundation of financial planning, and why individuals need to have a greater understanding of insurance and pensions, because of changing welfare and occupational pension provision.

• Management of Ecommerce – 30 credits
  Modern-day consumers demand 24/7 access to both information and the ability to purchase goods or services—anything, anytime, anywhere and in multiple ways. Such levels of transactions are completed digitally in several million every day. These transactions are at the heart of ecommerce. This module covers the key concepts of ecommerce by giving an integrative perspective of front and back-end online commerce. The module examines the specific technologies and processes that characterise ecommerce. This module takes a holistic view of ecommerce and ecommerce global business models. You will explore the technologies and applications that enable ecommerce transactions. Taking a consultancy and management view, you should learn to evaluate ecommerce technologies and propose solutions to business scenarios based on case studies.

Optional