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Economics with Retail Management BSc (Hons) provides the opportunity for a career as a retail business specialist. You will develop an understanding of consumers’ purchasing habits set within an analysis of the broader economy.
Why Economics with Retail Management at LSBU?
- An Economics degree is versatile and can lead to many career areas. Recent graduates have gone into marketing, sales, advertising, IT, education or further studies.
- The course is accredited by the IOEE. The School has Centre of Excellence status with the IOEE, in recognition of our entrepreneurial culture and leading-edge practice.
- We hold close professional links with the Centre for International Business Studies and guest speakers are invited to reflect on a range of disciplines.
- During your third year, you'll have the option to spend a year in industry, working in a business or economics-focused environment. This could be in the UK or overseas.
- Access to software widely used in industry: Stata, Bloomberg, Thomson One Banker, SAGE, Blueprint, FAME, Nvivo, and SPSS.
Key course information - ordered by mode
This course enables you to apply economic principles and models, while also gaining skills to develop, market and refine retail initiatives. The course covers financial accounting, macroeconomics, microeconomics, global trade, operations, design and merchandising, as well as E-tailing and CRM.
Methods of assessment for course overall: 94% coursework.
- Concepts of Management
- Principles of marketing
- Financial accounting fundamentals
- People and organizations
- Business economics 2
- Intermediate macroeconomics
- Quantitative methods for economists
- Historical and institutional economics
- Intermediate microeconomics
- Retail Operations
Plus one module from:
- Introduction to econometrics
- Environmental economics and sustainability
- Introduction to advanced microeconomics
- Introduction to advanced macroeconomics
- E-Tailing, Multichannel Retail, and Customer Relation Management
- Retail Design, Buying and Merchandising
Plus two modules from:
- Development economics
- Financial econometrics
- Applied econometrics
- Behavioral economics
- Contemporary issues facing the UK and world economy
- Employment and labor markets
- Multinational firms and global trade
With the hands-on practical element of this course, you'll develop skills which employers find highly desirable. A flavor of what economists can do is shown at www.economistjobs.com.
Type of role you can expect
Career paths include: economic research bodies, economic consultancy practices (including the consulting segments of some of the large chartered accountancy/financial services firms), broader management and strategic consultancies, the Government Economic Service (GES), commercial banks, investment banks, private equity and other specialist investment services, the International Monetary Fund (and other international bodies), NGOs, local authorities and Learning and Skills Council offices.
The majority of employers have a small number of staff devoted to economic consultancy work, or alternatively are relatively small organizations focused purely on economic consultancy.
Starting salaries range from £25k to £35k per annum with some economic research bodies and government departments paying less.
A graduate joining one of the major consultancies will have a starting salary of around £32,000. A smaller consultancy or corporate will probably offer less – perhaps £24,000 to £26,000. The public sector is likely to offer a similar joining salary to smaller consultancies and corporates.
We are the University of the Year for Graduate Employment - The Times and Sunday Times Good University Guide 2018
LSBU is committed to supporting you develop your employability and succeed in getting a job after you have graduated. Your qualification will certainly help, but in a competitive market, you also need to work on your employability, and on your career search.
As an LSBU student, you have access to the Employability Service and its resources during your time here and for two years after you graduate.
Our Employability Service will support you in developing your skills, finding a job, interview techniques, work experience or a placement/internship, and will help you assess what you need to do to get the career you want at the end of your course. LSBU offers a comprehensive Employability Service, with a range of initiatives to complement your studies, including:
- Direct engagement from employers who come into network with students
- Job Shop – daily drop-in service to help with, tailoring CVs, cover letters and applications, sourcing online resource, mock interviews and general job search. One to one appointments for further support also available
- Mentoring and work shadowing schemes
- Higher education achievement report - The HEAR is designed to encourage a more sophisticated approach to recording student achievement, which acknowledges fully the range of opportunities that LSBU offers to our students.
- It pulls into one certificate: Module grades, Course descriptions, Placements, LSBU verified extra-curricular activities
- Employability workshops - delivered free to students all year round on a variety of related topics
- Careers fairs throughout the year to really focus your thoughts on a career after university
Teaching and learning
Learning materials are available on the Virtual Learning Environment so you can access them any time. Seminars make use of group-work and discussions, workshops and computer lab work.
You'll have a Personal Tutor (at level 4), who will help you plan and review your progress, and the School of Business has a dedicated Information adviser to help you find the resources you need. Many of the modules have e-books provided at no extra cost for individual access.
- A Level BCC or
- BTEC National Diploma DMM or
- Access to HE qualifications with 9 Distinctions and 36 Merits or
- Equivalent Level 3 qualifications worth 112 UCAS points.
- Applicants must hold 5 GCSEs A-C including Maths and English, or equivalent (reformed GCSEs grade 4 or above).
- We welcome equivalent qualifications from around the world. English language qualifications for international students: IELTS score of 6.0 or Cambridge Proficiency or Advanced Grade C.
All modules are subject to change by the university and may differ from the modules you are offered during your studies.
Program taught in: