Overview
This course combines the expertise of the Aberystwyth Business School and the
Aberystwyth Law School and is designed to bridge the gap between theory and
practice by developing an understanding of the global economic environment and
legal regulations within which businesses operate.
Students will be exposed to core business principles, concepts and crucial legal
elements while developing an in-depth appreciation of economic principles and
its applications and influence in global business strategies. Together with a solid
grounding in mathematical, statistical and computational skills, students would be
able to refine their understanding of the complexities of real-world economics and
their analytical and problem-solving skills.
This complementary blend of knowledge and highly transferable skills gained
through this course will enable graduates to add value to any organisation and
perform confidently in an increasingly globalised and digitised business
environment.
Learning Outcomes
The course is designed to integrate a deep understanding of the subject matter
with the development of key skills and competencies needed to adapt to a rapidly
changing, dynamic and competitive global marketplace. Upon completion,
students will be able to:
► Demonstrate an understanding of a wide range of issues impacting on
everyday life, including the creation of employment, inflationary pressures,
international trade issues, the process of business competition, innovation
and growth, the development of third-world countries, the protection of
natural resources and government policy-making.
► Understand and identify relevant legislation and case laws that impact
business and economic practices.
► Apply economic reasoning to the analysis of contemporary economic
problems.
► Apply critical-thinking and problem-solving skills to make effective and
ethical business decisions.
► Construct basic economic, statistical and mathematical arguments with
appropriate and critical use of concepts, theories, models and evidence.
► Use economic problem-solving skills to discuss the opportunities and
challenges of the increasing globalisation of the world economy.
Course Subjects
Students will be exposed to a number of critical areas over 3 semesters and are
assessed through a combination of written examinations and assignments.
Year 1:
► Introduction to Management Accounting
► Economic Principles and Skills 1 & 2
► Mathematics for Economics and Finance 1 & 2
► Introduction to Management Accounting
► Legal System
► Statistics for Economists
► Law in Action
► The Law of Obligations
Year 2:
► Macroeconomic Behaviour and Systems
► Introduction to Econometrics
► Business Law
► Intermediate Microeconomics; Consumer and Producers
► Corporate Finance and Financial Markets
► Corporate Governance
► Company Law
Year 3:
► Advanced Topics in Macroeconomics
► Advanced Topics in Microeconomics
► Law of Contract
► Taxation
► Investments and Financial Instruments
► Labour Law