Economics Economics Undergraduate Postgraduate Contents Welcome1 Why study Economics at the University of Bradford? 2 Key features of our courses 3 Undergraduate degrees 4 Course details, internships and study abroad, admission, and fees and financial support Postgraduate taught qualifications 20 Course details, admission, and fees and financial support Postgraduate research degrees 24 Staff profiles 26 Your questions answered 28 Your career with an Economics degree 30 Accommodation34 University facilities 35 Bradford life 36 How to find us Inside back cover Please address all enquiries to: General Course Enquiries Course Enquiries Office Tel: 0800 073 1225 or 01274 233081 Fax: 01274 235585 Email: [email protected] Website: www.bradford.ac.uk/economics If you are dialling from outside the UK, please use the code +44 1274 before the final six-figure number Dean of the School of Social and International Studies Professor Nana Poku BA MA MSc Head, Division of Economics Dr Karen Jackson BA MSc DPhil Undergraduate and Postgraduate Taught Courses Admissions Officer Dr Gary Slater BA MA PhD School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Welcome FROM THE HEAD OF THE DIVISION OF ECONOMICS Economics is an exciting and important area of study, as recent world events have demonstrated. At the University of Bradford, we emphasise the practical and applied aspects of economics to help you best make sense of the world around us, with a focus on the impact of economic forces on people and businesses and the role of policy in shaping change. Our degree courses are based in the Division of Economics, an internationally renowned centre for teaching and research. Economics at the University of Bradford is consistently ranked in the top 20 in the UK in terms of the National Student Survey. Our commitment to research-based teaching means that our courses are kept up to date with the latest developments in economics and the world, whilst our connections to related social science and management departments at the University provide you with an enviable range of economics degree combinations and the maximum flexibility to pursue your interests as they develop. We are proud of our reputation as a friendly and inclusive Division with a highly diverse and proactive student body. We are committed to providing you with individual support to assist your learning and development, ranging from one-to-one maths or study skills support appointments, to our regular office hours when our doors are open for you to come and ask questions. At Bradford you will meet new friends from across the world, and this makes for an exciting and vibrant learning environment. In addition to subject knowledge, our courses provide the opportunity to gain important transferable skills. These include study and communication skills, research skills, career development skills or even a foreign language. Our students are increasingly taking up the opportunity to study abroad for a year at one of our partner institutions or to pursue a summer or yearlong internship in the private or government sector. Taken together, this means economics graduates from the University of Bradford have amongst the best employment opportunities in the sector. We hope you find the information you need in this booklet and that you like what you see. If you require further information or would like to arrange a visit, please do not hesitate to contact us. We look forward to welcoming you to the University of Bradford! Dr Karen Jackson Head, Division of Economics School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 1 Why Study Economics at the University of Bradford? Why Study Economics? Should I Study a Business or Economics Degree? From the local to the global, economics is concerned with understanding the way people and societies make decisions and determine outcomes that affect us all whether as consumers, workers, businesses or policymakers. Questions that economists might analyse include: We all make economic decisions every day of our lives. Studying economics will enable you to understand the decisions of households, firms and governments based on human behaviour, beliefs, structure, constraints and need. Economics provides you with the knowledge and insight necessary to understand the impact of developments in business, society and the world economy. • Is there a trade-off between the environment and rapidly growing economies? • Will the internet bring down the music industry? • Should we ban or tax unhealthy food? • What caused the global economic crisis and can government action reverse it? In answering questions like these, economics provides a particular way of thinking about the world that develops your problem-solving and analytical skills. These are skills that are in high demand from employers. Why Study Economics at the University of Bradford? Our economics courses locate the discipline within the real world, enabling you to use economics to analyse practical problems. Additionally: • We offer a wide range of flexible degree courses allowing you to study economics in depth or in combination with related business or social science subjects Studying economics allows you to go onto work or further study either as an economist or in the field of business. In contrast, studying business alone does not offer you the same opportunities. In other words, studying economics offers you the platform to apply your skills to areas of business, politics, social policy and beyond. The career destination information gathered by HESA on the mean salaries of full-time, first degree graduates entering either employment or self-employment indicates that average starting salaries for economists are generally higher compared to business studies and non-economics graduates. Hence, economics graduates are well remunerated both in comparison to other subjects and non-graduates. • Support is available to help you find an internship in the private or public sector • Study abroad opportunities at partner institutions in Europe, North America, East Asia and Australia • Class sizes are small enough to allow for individual attention and support • Teaching is informed by staff research and keeps you up to date with world developments • We maintain a high level of care through the Personal Academic Tutor system • University of Bradford graduates in general and our economics graduates in particular enjoy good career prospects • Learning activities utilise the latest electronic learning packages to help you understand and apply economic analysis 2 Karolina Stasiuleviciute BSc Economics “The biggest strength in our Economics division is the lecturers. They all have great abilities to communicate with students like friends and are always willing to help.” School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Key Features of Our Courses High-Quality Teaching and Learning Study Abroad Opportunities We have invested heavily in our learning and support services, and in Economics we utilise the latest computer packages to support your study including the Blackboard virtual learning environment, whilst MyEconLab is embedded across our core First and Second Year teaching. We have been praised for the quality of our Economics provision in national subject reviews of teaching quality, receiving top marks in the areas of student progression and achievement, student support and guidance, learning resources, and quality management and enhancement. We have also performed well in National Student Satisfaction surveys. While studying for your Economics degree, you may also be interested in studying for a year in one of our partner institutions across Europe, North America, East Asia and Australia. Adding a year abroad is a great way to widen your own horizons and to develop your independence and confidence, together with being positively recognised by employers as an indication of significant extracurricular activities (see page 12-15 for further details). Flexible Course Structure Our flexible course structure allows you to study economics on its own, or with another social science or business discipline. Options within the course enable you to study the application of economic principles to key areas such as business, finance, the global economy, labour, and development. You may also choose options from outside your core economics specialism, including modules in accounting and marketing or various languages, as well as subjects from across the social sciences and humanities. Our flexible course structure allows for changes in degree path at the end of year one, whilst the range of options available means you have freedom to pursue your interests as they develop. High-Quality Internship Opportunities Internships are becoming increasingly popular among our students. In your second year you will be introduced to opportunities by employers in both the private and public sectors. In recent years students have undertaken internships within marketing and banking, together with the highly competitive Government Economic Service placement scheme (see page 12-15 for further details). Excellent Employment Prospects Whichever route you take, our courses develop your powers of analysis and critical thought, and build skills in communication, expression and rational argument. These are valuable in any area of employment. Indeed, evidence suggests economic degrees are particularly well-rewarded in the labour market (see analysis at www.whystudyeconomics.ac.uk). Our graduates find opportunities in both the private and public sectors and many go on to further study in economics or business. Our Economics students have an excellent graduate employment record with 75%* of our 2011 graduates in work or further study within 6 months of graduating (see pages 30-32) for further details). Transferable Skills In addition to developing your subject knowledge, our degree courses are designed to offer you a range of transferable skills, useful in a range of careers and situations beyond university. As part of this commitment, all Economics students take modules in study skills and in career and personal development, whilst options exist in languages. You will also research and write an 8,000-word dissertation within the focus of your degree under the guidance of a supervisor. This substantial piece of work gives you the opportunity to increase your specialist knowledge and to demonstrate to future employers your ability to work independently. Friendly and Inclusive Atmosphere With an intake of up to 150 undergraduate and 30 postgraduate students per year, you can be sure of a close-knit group and an atmosphere conducive to serious but enjoyable study. Should you have any problems, your Personal Academic Tutor will be on hand to help out.To keep you informed of the latest developments in economics, the Division hosts a programme of regular seminars by visiting speakers for all students. You can also get involved with the running of the Economics and Investment Society to plan and organise other activities for students in the Division. Teaching Informed by Research You will be taught by staff who are actively engaged in extending subject boundaries through research, in particular within the fields of trade, economic integration, macroeconomic policy, finance, labour markets, individual behaviour and social economics. This means that the teaching you receive benefits from cutting-edge research and stays at the forefront of latest thinking in the subject (see pages 24-27 for further details). Examples of these important synergies is our degree in Economics and International Economics, together with our latest new module examining Trade, Regionalism and Globalisation which analyses the process of globalisation in trade in goods and services, and to what extent barriers have been eroded through regional and multilateral agreements. *These statistics are derived from annually published data by the Higher Education Statistics Agency (HESA), based on those UK domiciled graduates who are available for employment or further study and whose destinations are known. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 3 Undergraduate Degrees Our degrees courses have an emphasis on transferable skills in addition to subject knowledge and aim to be relevant to contemporary life, occupations and events. For all of our single Honours degrees we emphasise the practical application of economic theory and ideas and this means that you will get to analyse and discuss topical issues affecting the world around us. You will also develop mastery of a range of qualitative and quantitative research skills which are transferable to the worlds of economics, business, finance and policy analysis. Together with your subject knowledge, you will leave us well equipped for pursuing a career, with a range of skills and abilities sought after by employers. Additionally, you will have opportunities to pursue a study abroad year or undertake a period of work experience on a placement. Upon successful completion, your skills and personal development will be recognised through a diploma supplement to your degree, as your degree course will be four years in duration. Single Honours Degrees Economics Three- or Four-year BSc UCAS Code: L100 BSc/Econ The Economics course includes compulsory modules which cover the main areas of economic theory, applied economics, and the quantitative aspects of the subject. Your additional optional choices enable you to shape your degree to suit your own interests. Potential specialisms include: business, international, social and development aspects of economics. Business Economics Three- or Four-year BSc UCAS Code: L101 BSc/BusEc The Business Economics course combines study of core economic ideas - to help you understand the environment within which firms operate - with a range of applications to business. Specialist modules focus upon financial markets, investment appraisal, accounting, industrial organisation, financial accounting, business economics and financial management. Financial Economics Three- or Four-year BSc UCAS Code: L111 BSc/FEc The Financial Economics course combines study of the principles of economics and accounting, the application of economic analysis to financial markets and to corporate finance and business decision-making. Specialist modules focus upon accountancy, financial markets, investment appraisal and corporate finance, and international monetary economics. You will also research and write a dissertation within the context of financial economics. Economics and International Economics Three- or Four-year BSc UCAS Code: L160 BSc/EIE Joanna Ragsdell BSc Economics with International Relations “The staff are extremely supportive and there are a wide range of modules you can take.” 4 The Economics and International Economics course combines study of core economic ideas with international applications. The specialist modules focus on topics such as international trade, international monetary economics and development economics. Options in areas including globalisation and international relations are available. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Our range of four joint Honours degrees allows you to blend economics with a number of complementary disciplines in the form of International Relations, Development Studies, Marketing and History. This permits you to continue with an area of interest from your previous studies, or to take up a new subject as part of your degree. The choice of a joint Honours degree permits you to undertake a broader appreciation of how economics relates to different subjects, thereby opening the door to additional career opportunities. For all of our joint Honours degrees we emphasise the practical application of economic theory and ideas, and this means that you will get to analyse and discuss topical issues affecting the world around us. You will also develop mastery of a range of qualitative and quantitative research skills which are transferable to the worlds of economics, business, finance and policy analysis. Together with your subject knowledge, you will leave us well equipped for pursuing a career, with a range of skills and abilities sought after by employers. Joint Honours Degrees Economics with Development Studies Three- or Four-year BSc UCAS Code: L1L9 BSc/EcDS Economics with Marketing Three- or Four-year BSc UCAS Code: L1N5 BSc/EcMkt The Economics with Development Studies course combines core economics with development studies. Specialist modules focus upon theories of development, understanding the causes of poverty, and analysis of economic and social policies designed to assist the development process. The Economics with Marketing course combines the study of economics with marketing. It seeks to take advantage of the synergies between the analysis of market mechanisms from an economic perspective with the identification of consumers’ wants and needs from marketing. Economics with International Relations Three- or Four-year BSc UCAS Code: L1L2 BSc/EcIR The Economics with International Relations course combines the study of economics with international relations. Your modules in International Relations focus upon how countries relate to each other within the areas of war and peace, multinational corporations, terrorist groups and government. Economics and History Three- or Four-year BA UCAS Code: VL31 BA/EH Our degree in Economics and History provides the opportunity to examine historical events and developments in cross-national, thematic and comparative perspective and to develop an understanding of their economic contexts and the drivers of economic outcomes. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 5 Final-Year Entry Honours Degrees Our Final-Year Entry Honours degrees are designed for students who have a Diploma-level qualification that includes study of economics. These provide you with an opportunity to build upon you existing knowledge and complete an Honours degree. Studying economics alongside business, finance and trade provides a particular way of thinking about the world that develops your problem-solving and analytical skills. These are skills that are in high demand from employers. Our Final-Year Entry degrees locate the discipline within the real world, enabling you to use economics to analyse practical problems. Global Trade and Finance One-year BA UCAS Code: L161 BA/GlTrFi Our final-year entry degree in Global Trade and Finance aims to extend and apply your knowledge of international economics and finance by providing you with an appreciation and understanding of the wider international context that shapes global trade, finance and developments in government policy. International Business Economics One-year BSc UCAS Code: NL11 BSc/IBE Our final-year entry degree in International Business Economics aims to extend and apply your knowledge of individual and firm behaviour. You will also gain an appreciation and understanding of the wider international economic context that shapes business decision-making alongside developments in government policy that impact on the regulatory environment. 6 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics First Year Whichever degree you choose, in the first year you take the two linked modules Principles and Applications of Economics (Microeconomics) and Principles and Applications of Economics (Macroeconomics). These are designed to provide an introduction to economic ideas for those who have not previously studied the subject, whilst enabling others to further and deepen their knowledge beyond what they may have already learnt. All students also take a module in Study Skills and Data Analysis for Economists. This helps you to undertake study at university level by providing you with the necessary skills in sourcing information, learning strategies and in academic writing. You will also learn how to analyse and present economic data to support your work. Additionally, all students take Mathematics for Economists to familiarise you with some of the analytical tools used by economists and to prepare you for the quantitative aspects of your second and finalyear studies. For those who may not have studied mathematics for some time, a preliminary refresher course is also available in the first semester. First-Year Core Syllabus Principles and Applications of Economics (Microeconomics) In the Microeconomics module you will examine the scope and method of economics; fundamental economic problems and concepts; consumer theory; the determination of supply and demand; elasticities; the theory of the firm; monopoly and competition; determinants of wages and prices; market failure and government intervention. Principles and Applications of Economics (Macroeconomics) The Macroeconomics module considers the determination of national income; economic models; the role of government; fiscal and monetary policy; financial markets; the supply-side and inflation; balance of payments and exchange rate issues. Study Skills and Data Analysis for Economists To help you to undertake study at university level this specialist module in semester one aims to provide you with the necessary skills in sourcing information, learning strategies and in academic writing. You will also learn how to analyse and present economic data to support your work. The Development of Economic Ideas The emphasis of this module is to give a broad overview of economic thought and the wider context in which it has been developed. Topics will be based around: Measures of economic welfare and the birth of economics; division of labour and the ‘invisible hand’ of the market; gains from trade and the limits to growth; concepts of value and their implications; the limitations of the market; rational consumers and the ‘marginal revolution’; the planned economy; managed capitalism / the Keynesian alternative module. The World Economy Since 1945 This module seeks to review the development of the world economy since 1945 and to understand the drivers of growth, with a focus on the importance of institutions. This includes the study of: post-war reconstruction; the golden age of capitalism; the rise and fall of socialism; crisis, deindustrialisation and structural change; global capitalism and its discontents; the prospects for growth and development. Introduction to Financial Markets The aim of the module is to provide an introduction to the financial services industry as well as an account of the problems which financial services are intended to solve, the ways in which these needs are addressed, and to develop an understanding of the principles and practice of financial institutions. Additionally, you will also study modules from a range of options or core modules from the other named subject in your degree title. Mathematics for Economists This module introduces students to essential mathematical tools used in economic enquiry. This includes the topics of algebra; linear equations; quadratic equations; simultaneous equations; differential calculus; unconstrained optimisation and partial differentiation. Lectures are supplemented by problem-solving classes. Minsung Shin BSc Economics with Marketing “Economics is the most practical and clear subject to analyse the world. After this degree, I am sure I can make myself strong in any aspect where I would love to work.” School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 7 Second Year In the second year, your knowledge and understanding of economic principles and applications will be broadened and deepened by core modules in Microeconomic Theory and Macroeconomic Theory and in the range of core and option modules in applied areas of economics. In addition, you will learn about the tools economists use to analyse and interpret data and to forecast trends in the Statistics and Econometrics module. Alongside the module in Research Skills for Economists, this will prepare you for the dissertation, undertaken in the final year. Finally, to prepare you for life after university, a specialist Career and Personal Development module is also offered to all our students. At each stage you will also study modules from a range of options or from the other named subject in your degree title. Second-Year Core Syllabus Microeconomic Theory This module extends theoretical knowledge in order to analyse various facets of market behaviour and regulation. Topics covered include: consumer theory, rationing, consumer surplus; production theory and the firm’s cost curves; objectives of the firm, profit maximisation and the alternatives; behaviour of the firm in different market forms; pricing and employment of factors of production; general equilibrium and welfare analysis; market failure, externalities, Coase theorem and cost-benefit analysis. Macroeconomic Theory This module introduces a range of competing perspectives, focusing on questions of stability and coordination of the macroeconomy. Topics include: Classical vs. Keynesian macroeconomics and the neoclassical synthesis (IS-LM); consumption and investment behaviour; aggregate supply; aggregate demand and inflation; alternative derivations of the aggregate supply schedule: the Phillips curve; sticky wages; flexible wages and worker misperception; the rational expectations equilibrium approach; the natural rate hypothesis challenged hysteresis; economic growth. Further Mathematics for Economists This module explores simultaneous equations (market supply and demand, taxation and subsidies in a competitive market, Keynesian national income model, The IS-LM model); matrix (systems of equations, matrix inversion, cofactors and determinants, Cramer’s rule); unconstrained optimisation (differential calculus, marginal functions); constrained optimisation (first and second order partial differentiation, production functions and utility functions); integral calculus (consumer and producer surplus). 8 Statistics and Econometrics This module introduces you to the main tools of analysis for the presentation and analysis of data, as used in economics research and business forecasting. Topics covered include: investigation and nature of statistical enquiry; the use of SPSS and spreadsheets; properties of distributions; statistical inference and confidence intervals; comparing samples; correlation and regression; forecasting and prediction; linear and nonlinear functional forms; regression diagnostics. Lectures are supplemented by practical workshops using various computer applications. Research Skills for Economists This module prepares you for the final-year dissertation and covers the following areas; selection of topic and research strategy; research methodologies; concepts and their analysis; retrieving information, research material and data; assessing the quality and reliability of sources; IT and bibliographic skills; collecting and presenting empirical evidence; an appreciation of applied economics research. Career and Personal Development Theories of Career Planning including making career decisions; self awareness: including personal evaluation and skills analysis; MBTi type theory and team roles; working with others: theoretical concepts and team roles; world of work: the changing labour market and nature of jobs, opportunities for economics graduates and future options; research: careers information including occupations, employers and courses of further study; job hunting techniques: use of a variety of resources including the internet; applying for postgraduate study and jobs; CVs, covering letters, application forms, interviews; action planning: SMART theory; self reflection and turning ideas into actions. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Final Year In the third year you will have a mix of more advanced theory modules according to your degree course. Additionally, there is a greater choice of options for you to ‘shape’ your degree. You will also complete a dissertation which facilitates the combination of theoretical and empirical knowledge, together with demonstrating independent learning. Final-Year Core Syllabus Topics in Microeconomics A topic-based approach is taken in this extension and critical examination of microeconomic principles, including: the methodology of economics; extensions to consumer choice theory; altruism, sociobiology, cognitive dissonance; the transactions cost model of the firm; non-profit firms and allocation issues; socioeconomics. Topics in Macroeconomics Differing schools of thought are examined in this module, with a focus on microfoundations and business cycles. Topics include: the relation between microeconomics and macroeconomics; real business cycle theory; New Keynesian economics (efficiency- wage, NAIRU, insider-outsider, menu cost approaches); Post-Keynesian economics (endogenous money, expectations and uncertainty, capital stock, Z-D model); new political macroeconomics (political business cycles, time inconsistency). The Economics and Finance of Business In this module, economic principles are extended and applied to account for a range of business behaviour and activities, including the growth and development of the firm; ownership, control and incentives; the market for corporate control; issues in corporate governance; multinational enterprises. The module also covers the tools of capital budgeting; investment appraisal methods; capital; alternative investment criteria; decision making under conditions of risk and uncertainty; analysing investment portfolio risk; capital markets and capital market efficiency; corporate restructuring; international business finance; venture capital. Dissertation All our degree courses include a dissertation. This gives you the opportunity to undertake independent study, supervised by a member of staff, to explore an area of interest to you. This could be based on an aspect of previous study, directed towards a career objective, or based on current affairs. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 9 Global Trade and Finance* International Business Economics* Economics and International Economics Financial Economics Business Economics Single Honours in Economics Subjects Economics Course Structure FIRST YEAR Principles and Applications of Economics (Microeconomics) C C C C n/a n/a Principles and Applications of Economics (Macroeconomics) C C C C n/a n/a Academic Skills** C C C C n/a n/a Study Skills and Data Analysis for Economists C C C C n/a n/a The World Economy Since 1945 C O O C n/a n/a Development of Economic Ideas C C C C n/a n/a Preliminary Mathematics for Economists** C C C C n/a n/a Mathematics for Economists C C C C n/a n/a Introduction to Financial Markets O C C O n/a n/a SECOND YEAR Microeconomic Theory C C C C n/a n/a Macroeconomic Theory C C C C n/a n/a Further Mathematics for Economists C O O C n/a n/a Financial Markets and Institutions*** O O C O O n/a Career and Personal Development for Economists C C C C n/a n/a Statistics and Econometrics C C C C O O Development Economics O O O C n/a n/a Industrial Organisation O C O O O O Environmental Economics O O O O O O Research Skills for Economists C C C C n/a n/a Topics in Microeconomics C O C C O O Topics in Macroeconomics C O C C O O The Economics and Finance of Business O C O O C C Dissertation in Economics C n/a n/a n/a n/a n/a FINAL YEAR Dissertation in International Economics n/a n/a n/a C n/a n/a Dissertation in Business Economics n/a C n/a n/a n/a n/a Dissertation in Financial Economics n/a n/a C n/a n/a n/a International Business Economics Project n/a n/a n/a n/a C n/a Global Trade and Finance Project n/a n/a n/a n/a n/a C Research and Study Skills n/a n/a n/a n/a C C Topics in Econometrics O O O O O O Financial Markets and Institutions*** O O n/a O O O Financial Economics O O C O O C International Monetary Economics O O C C O C Development Policy Issues O O O O O O Economics of Leisure O O O O O O Integrated Strategic HRM O O O O O O International Trade**** O O O C C n/a Trade, Regionalism and Globalisation**** O O O O O C Economics of Labour O O O O O O European Political Economy O O O O O O Public Policy O O O O O O Where: C = Core. If a course unit is core to your degree pathway it will be scheduled on your timetable O = Optional. If a course unit is an option on your degree pathway, it will be scheduled on your timetable E = Electives. If a course unit is an elective on your degree pathway, it is not guaranteed to be scheduled to fit your timetable, you must check the timetable for clashes before you select an elective unit * = Final-Year Entry Degress ** = Students may be exempt from this module subject to performance in the introductory week screening test *** = Students can only take one of the two modules indicated **** = Students can only take one of the two modules indicated 10 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Economics and History Economics with International Relations Economics with Marketing Economics with Development Studies Joint Honours in Economics Subjects FIRST YEAR Principles and Applications of Economics (Microeconomics) Principles and Applications of Economics (Macroeconomics) Study Skills and Data Analysis for Economists The World Economy Since 1945 Preliminary Mathematics for Economists** Development of Economic Ideas Mathematics for Economists Introduction to Psychology Roots of Contemporary Europe European Empires Global Society, Local Experiences Introduction to Financial Markets Introduction to Development Foundations of Marketing Introduction to International Relations Academic Skills** C C C O C n/a C O E E E O C O O C C C C O C O C O E E E O O C O C C C C O C n/a C O E E E O O O C C C C n/a n/a n/a C C n/a C C n/a n/a n/a n/a n/a C C C C C C n/a n/a O n/a n/a n/a E n/a n/a n/a O E E E C O O O C C C C C n/a n/a C n/a n/a n/a E n/a n/a n/a O E E E O O O O C C C C C n/a n/a O n/a n/a n/a E n/a n/a n/a O E E E O O O O C C C C n/a C C O O O O E O C O O E E E O O O O C C C n/a O O O O O C O O O O O O n/a E E n/a E E C C C n/a O O O O O O O O O O O O n/a E E n/a E E C C C n/a O O O O O O O O O O O O n/a E E n/a E E O O n/a C O O O O O O O O O O O O O E E O E E SECOND YEAR Microeconomic Theory Macroeconomic Theory Statistics and Econometrics Career and Personal Development for Economists Research Skills for Economists Statistics for Economists The World Economy since 1945 Marketing Management and Strategy Central and Eastern Europe in the 20th century The Revolutionary and Napoleonic Wars Diplomacy and Statecraft War, Democracy and Consensus Culture and Society: Britain 1760-1914 Research Skills for Economics and History Modern Germany Financial Markets and Institutions Critical Psychology and Mental Health The British Welfare State Sociological Theory Development Economics Further Mathematics for Economists Industrial Organisation Environmental Economics FINAL YEAR Topics in Microeconomics Topics in Macroeconomics Dissertation in Economics Dissertation in Economics and History Economics and Finance of Business Trade, Regionalism and Globalisation*** Topics in Econometrics Financial Economics Integrated Strategic Human Resource Management Development Policy Issues International Trade*** Economics of Leisure International Monetary Economics Economics of Labour European Political Economy Public Policy Britain, Germany and Central Europe, 1919-1991 The Rise and Fall of the Soviet Empire The Turbulent Century: France, 1814-1914 Popular Politics in 19th century Britain The Social Psychology of Intergroup Relations Contemporary Debates on Culture and Society School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 11 Internships, Placements and Study Abroad Internships and study abroad opportunities are becoming increasingly popular among our students. These are an excellent way in which to distinguish your CV for future employers. These would be over the summer, or between the second and third year of your course and therefore you would be registered for a 4-year degree. Internship Opportunities Our students are highly successful in securing both summer and year-long internships and placements with prestigious employers, including the highly competitive Government Economic Service placement scheme (e.g. Department for Work and Pensions, Department of Health and the Treasury), the European Bank for Reconstruction and Development and a range of private sector companies involved in marketing, finance and the voluntary sector. I decided to undertake a placement at the EBRD to gain some more knowledge in Emerging Market development and to learn more about how economics can be applied in real world situations. After initially seeing that the Head of the Division, Dr Jackson, had worked at DFID in association with the EBRD I looked on their website for opportunities. The job that I applied for was a 9-month contract that was extended after the 9-month period to 12 months. From application to appointment the process took around 3 months. There were no real challenges that I faced apart from maybe being too fast to try to complete my work. As I had worked in the City prior to my degree I knew what I had let myself in for again! The best aspects of the job were meeting a vast array of people with the knowledge and experience that I can only hope to one day attain. For example the Director of my division was an economic adviser to US President Jimmy Carter and had come to the EBRD twenty years prior. To be able to communicate and work with this kind of people on the same level and have input into projects and to see them take my views into account was really satisfying. The placement also develops your questioning of some underlying economic theories and forces you to understand them more so that you can develop your own views clearly. I would recommend a placement to a prospective student, but I would add a caveat that it must be the correct placement that will enhance your CV and employability. Tom Laybourn, Second-Year Economics, Operational Strategy and Planning Team, European Bank for Reconstruction and Development 12 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Erasmus Work Placements It is possible to arrange a work placement in Europe through the Erasmus Exchange Programme. You may be eligible for some financial support through the Erasmus grant if your work placement is related to the course you are studying, provided that it is for a minimum of 3 months and is authorised by the Division (visit: www.bradford.ac.uk/international/ erasmus-and-international-exchanges/outboundexchange-students/where-you-can-go/erasmus-workplacements/). Diploma in Professional Experience Following a year’s internship or work placement, then upon successful completion and a reflective assessment covering your own personal and skills development, the University will award you a Diploma in Professional Experience, in addition to your Economics degree. Study Abroad While studying for your Economics degree, you may also be interested in studying for a year in one of our partner institutions. Adding a year abroad is a great way to widen your own horizons and to develop your independence and confidence. Why study abroad? Taking advantage of the opportunity to study abroad is positively recognised by employers as an indication of significant extracurricular activities. Although courses in our partner universities are taught in English, apart from the University of Salamanca, studying abroad gives you the opportunity to improve your foreign language skills. Finally, there is the chance to gain an in-depth experience of other cultures. Where could I study? Support is available to help you find placement to study abroad in one of our partner universities across Europe, North America, East Asia and Australia. Europe: • • • • • • • • • • Carlos III University of Madrid (Spain) IAE Lille (France) Technical University of Lisbon (Portugal) Transylvania University of Brasov (Romania) Vrije University Amsterdam (Netherlands) University of Gdansk (Poland) University of Le Mans (France) University of Salamanca (Spain) University of Tilburg (Netherlands) University of Vienna (Austria) East Asia: • Hosei University (Japan) • Sogang University (South Korea) Australia: • Monash University, Melbourne In addition, the University is a member of the International Student Exchange Program (ISEP) enabling students to select from over 50 USA universities subject to appropriate programmes being offered (visit: www.isep.org). Diploma in International Studies Upon successful completion and a reflective assessment covering your own personal and skills development, the University will award you a Diploma in International Studies, in addition to your Economics degree. In my second year I attended a couple of the study abroad meetings and very quickly decided that I definitely did want to study abroad. My first thought was that studying away from home would probably be far too expensive, but my exchange programme is no more expensive than studying at home. This year I am at Central Michigan University on the ISEP exchange program since I decided that I wanted to go to the northern region of America slightly towards the east. This means that I have the opportunity to travel to Chicago, New York, Boston, Philadelphia and Washington DC amongst others. The application process was fairly lengthy, but this was made much easier by the International Office at Bradford to arrange meetings to ask questions and sort out any problems with the application process. Finances for the year were also made easy to organise. I’m now living in halls that are mixed between other International students and American students. Living within a group of people from all over the world is great. It has been really good to learn about other people’s cultures and countries first hand. Soon after arriving in America I made friends with other international students who were also keen to travel. We quickly organised a trip to visit Canada too to see the Niagara Falls as well as Toronto. I have also travelled to Chicago a couple of times and have been to Cleveland and Pittsburgh. There are a huge variety of courses to choose from and study, which provides me with the chance to study courses that I wouldn’t get to study at Bradford. So far my courses have varied greatly in difficulty and it has been good to challenge myself and to learn more about what I am good at (and what I’m not). All in all I would highly recommend that all students at least consider studying abroad during their time at university. It is a great opportunity to aid in personal, social and academic development and is a good excuse to be a student for an extra year! Simon Tomlinson, Second-Year Economics, Central Michigan University USA: • California State University School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 13 Studying abroad is a unique selling point on your CV and would dramatically improve chances of finding employment after graduating. I study business economics at Bradford, but I’ve been focusing on the economics side of the degree and thought it would be nice to learn more about the business side. I started the process by attending the study abroad fairs in 2009 and 2010. Initially I researched into the possibilities and I had a rough idea on where I wanted to go. By 2010 I narrowed my search down to the USA, Australia and New Zealand. After I decided on the USA, I did more research into where I could go for studying business. Eventually I decided on three universities in California, which I applied to, through the University’s International Office. In the exchange agreement, if I stayed for the whole academic year, I wouldn’t have to pay any tuition fees. That was definitely a huge relief. It was also a relief to know that I could still get a maintenance loan to help with living expenses. I’ve estimated that this year will cost about $12,000 (about £8,000), which includes all living expenses, 2 return flights and my books/study materials. The academic system in the USA is completely different to the UK. At California State University, we run in quarters rather than semesters. While I don’t have as many subjects to take at one time, the work is a lot more intense. Marta Lesniewska BSc (Hons) Economics with Sociology and Psychology (2011) experiencing life in China. Study China Programme I believe that studying abroad has opened my eyes to other cultures and I also learn about an academic topic that I previously wouldn’t have had the chance to learn about. This is a fantastic opportunity for students who are interested in learning about China, its language and culture with students visiting Hangzhou or Jinan. The 17-day programme is open to undergraduates in England, Scotland and Northern Ireland and is a government-funded project. If there is ever an opportunity, you MUST take it. Studying abroad is the best experience a student can have. Anyone can do work experience, but studying abroad is a life experience, one that will probably never come again. For the first time in 2012 a new internship-based programme will be offered in addition to the standard Study China Programme to be held in Zhuhai and Beijing (visit: www.confuciusinstitute.manchester. ac.uk/courses/study_china/). Phillip Bowes, Second-Year Business Economics, California State University Get Ahead: Get a Language! Language skills are highly valued by employers and can really enhance your career prospects in today’s global business environment as well as introducing you to and helping you explore different cultures. You can study a range of different languages at different levels as part of the University Language Centre’s well-established Languages for All programme. Language modules last for one semester and can be included in a study programme to count towards a qualification. Alternatively they can be studied independently on payment of a small fee. When you enrol on a language course you will have automatic free access to our Resources Centre where you may use self-study resources in the languages taught and over 20 other languages. Phil Bowes (c) enjoying the warmth of California 14 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics The most important piece of information I wish I’d known before starting is that it took a few weeks to realise that research projects can be done with the help of my line manager, colleagues or people from different teams. Meetings can be easily set up with them to discuss difficult topics and you can work closely in small teams, there was no reason to feel a lack of confidence in your knowledge/ communication skills. An internship is affordable because the Treasury pays a monthly salary of about £1,250 with taxes deducted which is enough to cover rent and all living expenses (food, formal and casual clothing, public transport, museums). However, it is not easy to find accommodation in London and it is very expensive compared to Bradford! From my and colleagues’ experience it usually takes from 4-6 weeks to find a flat in London and it may cost from £500-650 per month. The Treasury provides a list of advertisers, so my advice would be to start looking for accommodation as early as possible. Experience at the GES has the potential to change one’s plans as it allows you to meet people from the public and private sectors. For example, I have better understanding of how communication, analytical or delivery skills work in real life. Also, the way I read and understand economic textbooks has changed: some less interesting parts like data manipulation have become more stimulating. The biggest challenge while undertaking the GES internship was meeting strict deadlines, organising my time, prioritising tasks and adapting to a professional environment in general. Much of the work was computer based, I had never had to read, write and reply to so many emails on a daily basis before! The most positive factor of my experience at the GES has been working so closely to current economic developments while providing analysis on the European economy for Whitehall clients, which is very exciting! Overall, I have enjoyed my internship as it was an invaluable experience of developing my insight of macroeconomic concepts by writing economic briefing products, maintaining economic spreadsheets, getting familiar with statistical databases or attending high-level presentations. Study abroad is great experience, as it gives you an opportunity to feel what it is like to live in Amsterdam and learn a lot of new things. Actually before coming to Amsterdam I hadn’t done too much research about the city. Thus I have relied on my imagination about it. Actually when I have arrived to Netherlands I was amazed that it is so different to UK or Lithuania (my home country). Architectures, buildings, shops, people, language, everything was very different to what I have seen. Amsterdam is beautiful because of its canals and bicycles. By bicycles I mean that the city is full of them. Everyone who lives here, has one! There are special roads and traffic lights for bicyclists. Vrije University of Amsterdam is the university in which I am currently spending my study abroad year. It is good experience, since I can choose any modules I want to study. Therefore I believe that this is great opportunity for me to study what I like and find interesting, hence studying can be fun! However, study system is more intensive here, as exams are being held every two months. Which actually gives you less time to prepare for exams. Thereby you have to study every day in order to pass exams. In addition it is really interesting to be an international student in a large institution. And there are a lot of different meetings for international students organised by international committee, such as visiting bars, clubs, football matches, museums, and different meetings where you can meet other international students and make friends. Also, whilst living here I work part-time job, which is something in addition to my studies to get life experience. And even though the Netherlands is not an English-speaking country, it is relatively easy to find part-time work here. Hence, you can enhance your life experience not only by studying in another institution but as well by gaining experience whilst working. Valdemar Tunkevic, Second-Year Economics, Vrije University of Amsterdam Donatas Beksa, Second-Year Economics, HM Treasury, London School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 15 Admission and How to Apply Applications for our courses must be made through UCAS. The UCAS code for Bradford is BRADF B56. UCAS course codes and points requirements for our Economics degrees are as follows: Degrees UCAS code UCAS points SINGLE HONOURS DEGREES Economics L100 BSc/Econ 260-300* Business Economics L101 BSc/BusEc 260-300* Financial Economics L111 BSc/FEc 260-300* Economics and International Economics L160 BSc/EIE 260-300* Economics with Development Studies L1L9 BSc/EcDS 260-300* Economics with International Relations L1L2 BSc/EcIR 260-300* Economics with Marketing L1N5 BSc/EcMkt 260-300* Economics and History VL31 BA/EH 260-300* JOINT HONOURS DEGREES FINAL-YEAR ENTRY HONOURS DEGREES International Business Economics NL11 BSc/IBE Global Trade and Finance L161 BA/GlTrFi ** * This points total must include a minimum of 180 points from 2 GCE A levels or equivalent ** Please contact the Division for advice and further information We make our initial selection on the basis of the information provided in your UCAS form, with each application being considered on its merits. You will be invited to one of our Applicant Visit Days, held between December and April, so you can meet with lecturers and current students to discuss our courses and take a tour of the campus. If you want to visit the University before you decide to apply, you can come to one of our University Open Days. For information on dates, please contact Course Enquiries. Tel: 0800 073 1225 or 01274 233081 Email [email protected] GCSE, GCE, Scottish and Irish Examinations We accept any combination of GCE A levels, Vocational A levels, AS-levels, Scottish Advanced Higher examinations or Irish Leaving Certificate. We also require a GCSE pass in Mathematics and English at grade C or above. General Studies may be included within your overall points score. We do not allow you to count the same or similar qualifications twice. This means that, for a given subject, we will subsume your AS-level scores into your A-level score. We adopt a similar policy for 3-, 6- and 12-unit vocational qualifications, unless no duplication of modular content exists. The University welcomes the new Diploma qualifications, and also the opportunity for UK students to provide evidence of excellence beyond grade A at A level by introduction of A* grades. Applicants considering or pursuing such qualifications are advised to refer to either the University’s website or the UCAS course search facility for up-to-date admissions information concerning these qualifications. International Qualifications We welcome applicants studying towards, or holding, the International or European Baccalaureate and a range of equivalent international qualifications. Please contact us for advice before you apply if you are uncertain whether your qualification would be acceptable for entry. English Language Proficiency International and EU students will also need to show competence in English to a high level: • For EU (i.e. non-UK) applicants: IELTS 6.0 to include no sub-test less than 5.0; TOEFL IBT 80 to include a minimum of Listening = 17, Reading = 18, Speaking = 20, Writing = 17. • For International (i.e. non-UK/EU) applicants (UKBA requirement): IELTS 6.0 to include no sub-test less than 5.5; TOEFL IBT 87 to include a minimum of Listening = 21, Reading = 22, Speaking = 23, Writing = 21 (the paperbased TOEFL test cannot be accepted for International applicants). • Other English Language qualifications include the Pearson Test of English Academic (PTE) with an overall score of 55 with no sub-test less than 51. 16 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Mature Candidates We particularly welcome applications from mature students. The main requirement is that mature students should be able to demonstrate a commitment to the subject and the course, and appropriate learning and communication skills. We accept a range of Access qualifications. If in doubt, please contact us with details of your qualifications before making a formal application. Students with Disabilities The University of Bradford has always encouraged applications from students with disabilities, whose applications are considered on the same academic grounds as are applied to all candidates. If you have some form of disability, you may contact the Undergraduate Admissions Administrator before you apply, to discuss any special needs you may have. If you indicate a disability on your UCAS form, you will be invited to contact the Disability Service to discuss your particular requirements, and will receive information about our facilities, and on the Disabled Students’ Allowance (DSA). For more information, help or advice, please contact the Disability Service. Tel: 01274 233739 Fax: 01274 236200 Email: [email protected] School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 17 Fees and Financial Support The way that universities were funded changed in 2012. This had an impact on the tuition fees that institutions were able to charge and the student financial support available, both from the Government and the universities themselves. Higher education is one of the greatest investments you will ever make. The knowledge and skills that you graduate with will open doors to a brighter and potentially richer future. For up-to-date information, please look on our website www.bradford.ac.uk/fees-and-financial-support/ Fees The fees at the University of Bradford for our Economics courses for 2012 entry are*: Home/EU students Standard Undergraduate Honours Degree £9,000 Foundation Year £6,000 Fees do not need to be paid upfront – all Home and EU students who have not studied at university before can access a tuition fee loan to cover the cost. Maintenance Loan: Repayable. For living and learning costs. Related to income and paid directly to the student. In 2012 the maximum amounts paid were: Student living at home £4,375 (studying outside London) Student living away from home (studying outside London) £5,500 Student Finance will calculate the exact amount you are entitled to based on your income. Maintenance Grant: Non-repayable. For living and learning costs. Related to income and paid directly to the student. Students with a family income of up to £25,000 will receive a full grant of £3,250. Students with an income up to £42,600 will receive a partial grant. Above £42,600 no grant is payable. There are also grants available for students who have children and childcare costs; adult dependants; and students with disabilities. Part-time students International students Standard Undergraduate Honours Degree £11,000 Foundation Year £11,000 (fees are per annum and increase slightly each year) * These are the fees for 2012 entry. For 2013 entry tuition fees and for further information, please see www.bradford.ac.uk/fees-and-financial-support/ Home Students Support from the Government* *For English students – students from Scotland, Wales, Northern Ireland and the EU have different arrangements – see contact details at the end for links to the relevant funding bodies. International students are not entitled to any support form the Government. You can apply online for the loans and grants mentioned below. www.direct.gov.uk/studentfinance has all the information you need. Tuition Fee Loan: Repayable. Covers the cost of your fees. Available to everyone regardless of income provided you have not studied before. If you have not completed a degree then you may still be entitled to the loan – please check with Student Finance England. Paid directly to the University. 18 Students studying for an award part-time will be charged a fee pro-rata to the full-time course cost. Students can get a non-income assessed tuition fee loan to cover the costs of the fees but there are no other loans or grants available towards living costs. Repayment of Loans Your loans for fees and living costs are rolled into one. You only pay back your loans once you’ve left university and are earning over £21,000 . If your income falls below £21,000 your repayments will be suspended. Your monthly payment rate will be based on how much you earn, not how much you borrowed. So if your salary is £25,000 a year, you pay nine per cent of £4,000, which works out as £6.92 a week i.e. you pay 9 pence for every pound you earn over the £21,000 repayment threshold. This is deducted straight from your salary through the tax system. If you have not repaid your loan within 30 years then the remainder will be written off. Your loans will be subject to interest. Interest will be charged at inflation plus 3% while you are studying, and up until the April after you leave university. From the April you are due to start repaying, if you are earning £21,000 or less, interest will be applied at the rate of inflation. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Tuition Fee Loans for EU Students Students coming from the EU to study here can access a tuition fee loan to cover the cost of their fees, provided that they don’t already have a degree. Any previous study, even if it was done outside the UK, may affect eligibility for the tuition fee loan. This repayable tuition fee loan is administered by the Students Loans Company and is paid directly to the University on your behalf. However, you will not be eligible for any other forms of Government support such as maintenance loans or maintenance grants (unless you have lived in the UK for 3 years before the start of the course). To find out more, contact the Student Finance Services European Team based in Darlington, UK. You can call their helpline at +44 141 243 3570 or email [email protected], or for further information go to: www.direct.gov.uk/en/EducationAndLearning/ UniversityAndHigherEducation/StudentFinance/ StudentsFromOtherEUCountries/index.htm International and EU Students Studying in the UK continues to offer good value for money for International and EU students – the quality of teaching is high, as is the international status of UK qualifications. And it might cost less than you think, especially when you think of the real value a UK qualification provides. You should ensure that you have enough money to cover both your tuition fees and living expenses. Managing your money when you study in the UK is easier with a UK bank account. You’ll find plenty of accounts to suit your needs as an International or EU student and advice to keep control of your finances. All students paying fees in excess of £5,000 must pay 50% of their fee before or at enrolment. International or EU students may pay the remaining balance in two or four instalments. A 3% discount is offered if you are paying an annual tuition fee above £5,000 and are able to pay in full before or at enrolment*. If you are not self-financed you must produce documentary evidence, before you enrol, of a grant award of other financial sponsorship. For full details see www.bradford.ac.uk/hub * This discount scheme is not available for those students joining a discounted fee programme such as the Heilongjiang University programme. Support from the University Scholarships The University has a range of scholarships for Home, EU and International students related to Academic Excellence, for those who achieve excellent qualifications on entry, by which students receive a contribution towards the cost of their tuition fees. There are also some Country-Specific Scholarships for self-funded full-time students from certain “countries in crisis” who meet or exceed the course entry requirements. All details including eligibility and how to apply can be found on our website at: www.bradford.ac.uk/scholarships The National Scholarship Programme If you are from a low-income household (less than £25k a year) you may get help through the new £150m National Scholarship Programme. This is funded jointly by the Government and the University of Bradford. In 2012/13 eligible students will receive £3,000 off their tuition fees in their first year of study. If these students choose to take a placement year as part of their course then the placement year fee will also be waived. For our current offer and eligibility criteria please visit our website at: www.bradford.ac.uk/fees-and-financial-support/ university-support/national-scholarship-programme/ For any specific enquiries please email [email protected] Other Financial Support Once you have enrolled on your course there are funds available within the University should you encounter financial difficulties. We have trained staff available who can help you with any queries relating to student finance, benefits and budgets. We also have a specialist adviser for International students. All these services can be accessed via our Student Support centre – The Hub. Contact Details: The Hub – Student Financial Support [email protected] 01274 236505 Student Finance England www.direct.gov.uk/studentfinance 0845 300 50 90 Student Awards Agency for Scotland www.saas.gov.uk 0300 555 0505 Student Finance Northern Ireland www.studentfinanceni.co.uk 0845 600 0662 Student Finance Wales www.studentfinancewales.co.uk 0845 602 8845 Student Finance EU Team 0141 243 3570 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 19 Postgraduate Taught Qualifications Pre-Master’s Programme (Postgraduate Foundation Studies Certificate) in Economics This course is specifically designed from selected modules in the Division for students who already possess a degree in other subjects (e.g. sciences, engineering, management) at a level acceptable for entry to the Master’s programme, but who need further preparation in quantitative, economic, business and financial analysis. As recent world events have demonstrated, economics, business and finance is an exciting and important area of study. At the University of Bradford, we emphasise the practical and applied aspects of economics to help you best understand the world around us, with a focus on the impact of economic forces on people and businesses and the role of policy in shaping change. Fees 2012 Entry: Home/ EU students £3,825 International students (non EU) £11,000 For 2013 entry tuition fees, see website: www.bradford.ac.uk/postgraduate/fees-andfinance/tuition-fees/ How to Apply See website: www.bradford.ac.uk/postgraduate/ courses/how-to-apply/ 20 Syllabus CORE MODULES Microeconomic Theory and Applications Macroeconomic Theory and Applications Statistics and Econometrics PLUS UP TO FOUR OPTION MODULES Financial Economics Economics of Leisure International Monetary Economics Integrated Strategic HRM Trade, Regionalism and Globalisation Public Policy European Political Economy Economics of Labour Entry Requirements Candidates will be required to have successfully completed a period of undergraduate study and hold: • a Diploma (equivalent to a UK Ordinary Degree) containing a significant component in economics of an approved degree-awarding body; OR • have a Diploma (equivalent to a UK Ordinary Degree) in a subject other than economics, but can demonstrate sufficient relevant experience in quantitative subjects • AND a minimum of IELTS 6.0 (or equivalent) for non-UK degree holders School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics MSc in Financial Economics This degree is designed to enhance the knowledge of graduates who have interests and career aspirations in financial institutions or international financial organisations. Course content includes advanced microand macroeconomics, econometrics, together with a range finance-related issues. In particular, the course is structured to provide an understanding of the application of economic analysis to financial markets and institutions, the role of financial institutions and markets in the domestic and international economy, the different approaches to economic decision making in finance, and the economic governance structures and institutions that support the financial system. Recent economic events have revealed the fragile and complex nature of the connections between different economies globally, and the significance of domestic and international financial markets in increasing the interdependence of economies and their exposure to external risks. This course relates closely to the ongoing debate about the nature of the financial system, its regulation, and its future role in national and international economies. In addition to developing your subject knowledge, the MSc in Financial Economics is designed to offer you a range of transferable skills, useful in a range of careers and situations beyond university. At the University of Bradford, we emphasise the applied aspects of study to understand the world around us, with a focus on the impact of economic forces and the role of policy in shaping change. Through our small group teaching in seminars and workshops, you will have the opportunity to experience hands-on computing, personal research and essay/ report writing, case studies, data analysis, group work, individual projects and presentations. These activities will help you develop skills that are in high demand from employers, marking you out as a highly employable individual. Fees 2012 Entry: Home/ EU students £4,900 International students (non EU) £12,100 For 2013 entry tuition fees, see website: www.bradford.ac.uk/postgraduate/fees-andfinance/tuition-fees/ How to Apply See website: www.bradford.ac.uk/postgraduate/ courses/how-to-apply/ Syllabus MSC IN FINANCIAL ECONOMICS Semester 1 Macroeconomic Theory and Policy Microeconomic Theory and Policy Econometrics and Applied Research Semester 2 Financial Markets and Banking Financial Economics One from: International Economics Public Policy Analysis and Management Project Appraisal and Economic Analysis Semester 3 Dissertation in Financial Economics Entry Requirements Candidates will be required to have successfully completed a period of undergraduate study and hold: at least a 2:2 UK Bachelor degree that includes study of economics to intermediate level; OR a recognised pre-Master’s qualification that demonstrates proficiency in the core principles of economics International students will also need to show competence in English to a high level: For EU (i.e. non-UK) applicants: IELTS 6.0 to include no sub-test less than 5.0; TOEFL IBT 80 to include a minimum of Listening = 17, Reading = 18, Speaking = 20, Writing = 17. For International (i.e. non-UK/EU) applicants (UKBA requirement): IELTS 6.0 to include no sub-test less than 5.5; TOEFL IBT 87 to include a minimum of Listening = 21, Reading = 22, Speaking = 23, Writing = 21 (the paper-based TOEFL test cannot be accepted for International applicants). Scholarships For the academic year 2012/13, the Division is offering two schemes: a) up to 5 awards of up to £2,000 each, for International (i.e. non-Home/EU) students applying to study any full-time MSc within the Division of Economics. These will be offered on a competitive merit basis, full details and terms and conditions of which are available by contacting the Division. b) awards to all candidates who, by 1 September 2012, have successfully completed a University of Bradford Bachelor’s degree, in any subject/ School, regardless of fee status, with Honours in either class I (20% of the appropriate tuition fees) or class 2:2 (10% of the appropriate tuition fees). School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 21 MSc in Economics (with study in Europe) This degree will provide you with training in advanced economics and its applications. Students will study at the University of Bradford and at one of our European partner universities. On successful completion, you will be awarded a European MSc in Economics. By combining taught modules in the UK and at one of our leading European partner institutions drawn from across the EU: Roma Tre University, University of Cologne and University of Vienna, you will gain important additional skills of studying and living in another European member state as well as access to a wide range of modules. This will give you a broader experience of economics and will provide an excellent foundation for a career in a European or international company or organisation. Taught course content includes advanced micro- and macroeconomics and econometrics, together with a range of applied economics modules from one of our partner institutions in the EU (tuition in English). Following your taught modules you will complete a dissertation on a topic you have chosen in agreement with your supervisor within economics, either at Bradford or by distance learning. In addition to developing your subject knowledge, the MSc in Economics (with study in Europe) is designed to offer you a range of transferable skills, useful in a range of careers and situations beyond university. At the University of Bradford, we emphasise the applied aspects of study to understand the world around us, with a focus on the impact of economic forces and the role of policy in shaping change. Through our small group teaching in seminars and workshops, you will have the opportunity to experience hands-on computing, personal research and essay/report writing, case studies, data analysis, group work, individual projects and presentations. These are skills that are in high demand from employers. Your additional experiences in Europe will add to this, marking you out as a highly employable individual. Our MSc in Economics (with study in Europe), by giving you a broader experience, will provide an excellent foundation for a career in a European or international company or organisation. Fees 2012 Entry: Home/ EU students £4,900 International students (non EU) £12,100 For 2013 entry tuition fees, see website: www.bradford.ac.uk/postgraduate/fees-andfinance/tuition-fees/ Syllabus MSC IN ECONOMICS (WITH STUDY IN EUROPE) Semester 1 Macroeconomic Theory and Policy Microeconomic Theory and Policy Econometrics and Applied Research Semester 2 60 Credits of Core and Option Modules from a European partner institution Semester 3 Dissertation in European Economics Entry Requirements Candidates will be required to have successfully completed a period of undergraduate study and hold: at least a 2:2 UK Bachelor degree that includes study of economics to intermediate level; OR a recognised pre-Master’s qualification that demonstrates proficiency in the core principles of economics International students will also need to show competence in English to a high level: For EU (i.e. non-UK) applicants: IELTS 6.0 to include no sub-test less than 5.0; TOEFL IBT 80 to include a minimum of Listening = 17, Reading = 18, Speaking = 20, Writing = 17. For International (i.e. non-UK/EU) applicants (UKBA requirement): IELTS 6.0 to include no sub-test less than 5.5; TOEFL IBT 87 to include a minimum of Listening = 21, Reading = 22, Speaking = 23, Writing = 21 (the paper-based TOEFL test cannot be accepted for International applicants). Scholarships For the academic year 2012/13, the Division is offering two schemes: a) up to 5 awards of up to £2,000 each, for International (i.e. non-Home/EU) students applying to study any full-time MSc within the Division of Economics. These will be offered on a competitive merit basis, full details and terms and conditions of which are available by contacting the Division. b) awards to all candidates who, by 1 September 2012, have successfully completed a University of Bradford Bachelor’s degree, in any subject/ School, regardless of fee status, with Honours in either class I (20% of the appropriate tuition fees) or class 2:2 (10% of the appropriate tuition fees). How to Apply See website: www.bradford.ac.uk/postgraduate/ courses/how-to-apply/ 22 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 23 Postgraduate Research Degrees Master of Philosophy (MPhil) and Doctor of Philosophy (PhD) The MPhil normally takes two years to complete and the thesis may be up to 40,000 words, whereas the PhD normally takes three years and the thesis is around 80,000 words. Both degrees may be undertaken either full- or part-time. A research degree gives you the opportunity to determine your own field of study in conjunction with your supervisors who will help formulate your research topic and ensure you are on schedule to complete your research on time. Since thesis-only research degrees are, almost by definition, unique it is therefore not easy to describe a typical project. However, certain common features apply to all. The first year of a full-time PhD is spent on an initial registration for MPhil. It may well be taken up with a review of existing literature in your proposed area, and the refining of your research proposal, combined with formal training in research skills in the Graduate School. If you make good progress in your first year your academic supervisors will apply for your registration to be transferred from MPhil to PhD. If you opt nevertheless to submit for an MPhil then your remaining work should be accomplished in the following year. The second year of your PhD programme may well be taken up with actual data collection and initial analysis of your results. In the third year you may conduct detailed collation and analysis of your results, and organise them into a logical and persuasive thesis. Following submission, your thesis will be read by two examiners. You will then be required to attend an oral examination, at which you will be expected to answer questions on your thesis. 24 Areas of MPhil and PhD Supervision: Trade and Integration – includes inquiry into the economic interaction between countries and regions encompassing globalisation and trade. Current areas of research include: • The Impact of Regional Trade Agreements • European Economic Integration • The Economic Relationship Between Britain and the EU • Policies for Trade and Growth • The Impact of Foreign Direct Investment and Trade on Growth Social Economics – is here defined as inquiry into the individual and social dimensions of economic problems, the foundations and implications of economic analysis and the application of an economic approach to social and political questions. Current areas of research include: • Corruption and Anti-Corruption Policy • Consumption, Lifestyle, Culture and Behaviour • The Dark Side of Human Nature • Contractual and Occupational Change in the Labour Market • Labour Market Flexibility • Job Satisfaction, Employee Involvement and Management • European Political Integration • Progressive Economic Policy Supervision Students are assigned two supervisors, a Principal Supervisor and an Associate Supervisor. The Principal Supervisor guides the research conceptually and would have expertise in the topic area, as well as supervisory experience. The Associate Supervisor contributes their specific expertise in assisting the Principal Supervisor throughout the development of the student’s research programme. Students are strongly advised to see both supervisors regularly for advice, stimulation and critical discussion of their work, and when they require support and information. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Graduate School The Graduate School provides research training for postgraduate students and other members of the research community in the University. The formal programme leads to the awards of the PG Certificate in Research Methods, the PG Diploma in Research Methods, and the degree of MRes (Master’s in Research Methods). Entry Requirements My motivation to do a PhD was to become a university lecturer. The choice for my research topic came from my Master’s dissertation at the University of Warwick on the causal relationship between trade and economic growth. A key lesson that I learned from my PhD is that you need to find the appropriate data analysis techniques to suit your research topic and data. In addition, you don’t always get the analysis results you expected! However, the most important thing is to interpret the results and to explain what the results mean. In addition to the PhD itself, I developed my academic writing skills, communication skills, presentation skills, data analysis skills, research skills and critical evaluation skills. These are essential for your career after the PhD. Now I have completed the thesis my career plan is to continue working in an academic environment as a lecturer and a researcher. Wenyu Zang PhD in Economics (2012) Lecturer in Economics, Nottingham Trent University Nottingham, UK Research culture As research students you will be part of a diverse and vibrant community of scholars in the Division and the wider School of Social and International Studies, participating, where appropriate, in Graduate School training, and in the SSIS Staff / PhD Research colloquium, where you will be encouraged to deliver research papers, and hear about research by academics from across the School’s disciplines. Minimum academic qualifications required for entry are a higher degree from an approved university and at least a good second-class undergraduate degree. Preference is given to candidates who have undertaken some postgraduate study, or who have substantial practical experience. Your thesis must be written in English. If English is not your main language or language of education, you will have to show adequate command of English before being admitted to the programme: • For EU (i.e. non-UK) applicants: IELTS 6.0 to include no sub-test less than 5.0; TOEFL IBT 80 to include a minimum of Listening = 17, Reading = 18, Speaking = 20, Writing = 17. • For International (i.e. non-UK/EU) applicants (UKBA requirement): IELTS 6.0 to include no sub-test less than 5.5; TOEFL IBT 87 to include a minimum of Listening = 21, Reading = 22, Speaking = 23, Writing = 21 (the paper-based TOEFL test cannot be accepted for International applicants). Fees 2012 Entry: Home/ EU students £3,825 International students (non EU) £12,100 For 2013 entry tuition fees, see website: www.bradford.ac.uk/postgraduate/fees-andfinance/tuition-fees/ To find out more To discuss your potential research proposal in the area of Trade and Integration, contact Dr Mark Baimbridge ([email protected]), or in the area of Social Economics, contact Dr Gary Slater ([email protected]). To apply, contact the Director of the Postgraduate Programme, Professor Jim Whitman ([email protected]) or the Admissions Office ([email protected]). School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 25 Staff Profiles Core Economics staff Dr Mark Baimbridge – lectures in Macroeconomics; International Monetary Economics; Research Skills. His research interests are European economic integration (monetary union, alternatives to neoliberalisation); the relationship between Britain and the EU; labour market flexibility. Recent publications include: Britain in a global world: options for a new beginning (Imprint Academic, 2010), “The eurozone as a flawed currency area” The Political Quarterly (2012), The political economy of the European Social Model (Routledge, 2012), Moored to the Continent? (Imprint Academic, 2012). Professor Sam Cameron – lectures in Statistics and Econometrics; Microeconomics; Economics of Leisure; Labour Economics. Main research areas are the economics of crime, sexual behaviour, hatred, cultural economics (he is currently co-editor of the Journal of Cultural Economics) and leisure economics. Recent publications include: The Economics of Sin: Rational Choice or No Choice at All? (Edward Elgar, 2002), Econometrics (McGraw-Hill, 2005), The Economics of Hate (Edward Elgar, 2009), Handbook of Leisure Economics (Edward Elgar, 2012). Dr Vince Fitzsimons – lectures in the World Economy; Introduction to Financial Markets; Financial Markets and Institutions; Economics and Finance of Business. His research interests are in institutional economics; the reform of public administration in transition countries; the impact of different institutions on economic performance. Recent publications include: “A troubled relationship: corruption and reform of the public sector in development” Journal of Management Development (2009), “The Impact of Technology on Leisure Networks” in Handbook of Leisure Economics (Edward Elgar, 2012). Dr Karen Jackson – lectures in Mathematics; Microeconomics; International Trade; Trade, Regionalism and Globalisation. Her main interest lies in the area of international trade, with a particular focus on regional trade agreements. Additionally, she has worked as an academic and consultant (Department for International Development, Commonwealth Secretariat). Recent publications include: “Reconsidering the Silk Road: Tourism in the context of Regionalism and Trade Patterns” in Handbook of Leisure Economics (Edward Elgar, 2012). Ms Adelina Lees – lectures in Study Skills and Data Analysis for Economists; Research Methods; Learning Strategies. Her research interests relate to student learning. Recent publications include: Diversity: Challenges, Opportunities and Successes in Teaching Economics, (Sixth International Developments in Economics Education Conference, 2011). Dr Charalambos Pattichis – lectures in Microeconomics; Industrial Organisation; Financial Economics. His main research interests are in European economic and monetary unification, exchange rate economics, macroeconomic policy in small open economies, and international trade. Recent publications include: “Is the Cyprus pound real effective exchange rate misaligned? A BEER approach” International Economic Journal (2007), “The intertemporal budget constraint and current account sustainability in Cyprus: Evidence and policy implications” Applied Economics (2010). 26 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Dr Mike Reynolds – lectures in Mathematics; Microeconomics; The Development of Economic Ideas. His main research areas are transport economics; industrial economics; well-being in regions; labour economics; political economy. Recent publications include: On The Problem of Network Monopoly (Sheffield Economic Research Paper, 2009), Assessing Local Economics Performance: Additional Insights From Concentric Banding (Regional Studies Association Winter Conference, 2011), The Flexibility of the Oligopoly Game (Sixth International Developments in Economics Education Conference, 2011). Dr Gary Slater – lectures in World Economy; Macroeconomics; Economics and Finance of Business; Labour Economics. His main interests are labour economics (the character of temporary work, the determination of working hours, the nature and experience of worker participation, the dynamics of technical and occupational change); history and methodology of economics. Recent publications include: “Economic well-being and British regions: the problem with GDP per capita” Review of Social Economy (2009), “Visions of the future, the legacy of the past: demystifying the weightless economy” Labor History (2010). Associate Economics staff Professor Farhad Analoui – lectures on undergraduate, postgraduate and executive programmes. His research interest is in the area of managerial effectiveness, HRM and strategic managerial reform. Dr P B Anand – works in the areas of institutional economics and governance. His work focuses on public services such as water and sanitation and their regulatory and institutional challenges. Dr Frances Cleaver – brings development and social theory into engagement with community-based natural resource management, linking theoretical and methodological advances with practical policy application. Dr Roberto Espindola – his interests focus upon development politics, with particular reference to poverty, inequality and democratic governance in developing societies. Dr Hossein Jalilian – his interests examine economic change, poverty alleviation, international investment and modelling and applied quantitative methods. Dr Behrooz Morvaridi – his research focuses upon displacement and resettlement, rural development and policy, environmental management and evaluation of development policy and projects. Dr David Potts – his interests focus upon project planning and analysis, shadow pricing methodology and estimation, agricultural and agro-industrial planning, long-term development in sub-Saharan Africa. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 27 Your Questions Answered Before I come to Bradford If I need a Visa, what Documents and Information do I Require? How is the University of Bradford rated? If you are a non-EU applicant, then once you receive the final transcripts of your current studies, send copies of these, a copy of your passport, your English Language test result and acceptance form to our Admissions Office. If you satisfy our entry requirements we will then issue an Unconditional offer letter and a CAS number. There are many sources of independent information about all UK universities such as The Times University Guide where Bradford is noted for low living costs (especially accommodation), lively campus close to the city centre and an excellent record of graduate employment (No. 1 ranked in the North of England). What is the Student Mix? The University of Bradford has a reputation for making students from other countries feel welcome. Overseas students currently make up 18% of our total undergraduate population, studying courses across all the University’s departments. There are around 30 nationalities currently represented on our Economics degrees, and the Division has a long history of welcoming students from across the world. I Haven’t Studied Economics Before, is this a Problem? No, we don’t assume prior knowledge. In the First Year we bring everyone up to the same level. For those who have studied some economics before, although some ideas may seem familiar, the content and analysis will be different and soon extend beyond previous knowledge. How much will it Cost me to Live in Bradford? This is always a concern for all students and their families when considering studying. Although Bradford is one of the least expensive university cities in the UK and we continue to offer an affordable environment compared with other major city universities, it is still important to consider the full cost of your study period. (visit: www.bradford.ac.uk/international/living-costs). What is it like to Live and Study in Bradford? The cosmopolitan mix, booming social scene and host of thriving cultural venues create a vibrant modern atmosphere that sits perfectly alongside the glorious vestiges of the Victorian era. Set amongst some of the most spectacular countryside in England and yet one of the most affordable places to live in Britain, Bradford’s wonderful paradoxes create a student city that is hard to beat. Studying Economics at Bradford How Will I be Taught? You will find a variety of learning and teaching activities on your timetable each week. Each module will have weekly (or twice-weekly) lectures involving all students on the module. These are to introduce the key ideas and concepts and may include interactive elements such as quizzes, videos or short exercises. In addition, you will have a regular seminar or workshop for each economics module (usually weekly). These are smaller gatherings of up to 20 students. Here you will be undertaking a range of activities which may include individual or group exercises; informal or formal student presentations or discussion of a set topic or directed reading; or hands-on computer labs in which you analyse data and/or refine your understanding of mathematical and statistical techniques. The whole programme is structured in such a way to provide more support in the early years leading to greater independence by the final year. As such, in your first year there is more directed class activity and frequent seminars and workshops. Typically you will have around 15 hours of class contact per week, depending on precise module choices. Each single module requires approximately 100 hours of student learning time. This will be spent reading, note taking, discussing activities, preparing work for seminars and writing coursework assignments or examination revision. In the final year, one-third of your study is focused on the dissertation in which you will have regular meetings with your supervisor whilst more of your time is spent on independent, self-directed research. Are the Degrees very Mathematical? In economics we can discuss key concepts using diagrams and discussion, but maths is another way of looking at the same ideas. You will come to recognise that 28 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics maths is often a useful shorthand that helps you analyse issues more quickly. We introduce the approaches in separate modules like Mathematics for Economists in the First Year. We do not require A-level maths for entry and recognise that some of you might not have studied it for some time, for this reason we have a Preliminary Mathematics for Economists module in the first semester to help you get back into the swing of it. So, yes there is some maths, but not simply for its own sake, probably less than comparable degrees and we will help you where and when you need it. How Will I be Assessed? Most modules are assessed at the end of the semester in which they are taught, although in core modules midsemester tests are used to help you judge your progress. First-year modules must be completed successfully before you can proceed to the second year, but marks do not count towards your final degree assessment. Your final degree is determined by your performance in second- and final-year modules. Assessment varies according to the nature and content of the module. We use a range of methods, including examination, but also a variety of coursework including essays, class tests, the analysis and presentation of data and individual or group presentations. This reflects the learning outcomes required by the module, but it also means you can demonstrate assessed skills in a range of areas, including various modes of communication and team working. How is the Year Timetabled? Teaching across all our courses is based on a modular system. The academic year is divided into two semesters - September to January, and January to May - with breaks at Christmas and Easter. Can I Change Course? Admission is to the course overall, so there is an opportunity to discuss with your Personal Academic Tutor upon entry to assess the correct degree course for you as the first year is largely common to all our degrees. Transfers between courses can be made up to the end of the first year, depending on the options you have already taken, and your performance on the course. How are Students Involved in the Life of the Division? We regularly consult students on teaching approaches and course syllabuses. This process involves meetings with a Staff-Student Liaison Committee, to which students are elected from each year of each degree course. Additionally, we hold semesterly meetings of the StaffStudent Assembly to which all students are invited to discuss a range of topics. We actively promote extracurricular activities such as the student-run Economics and Investment Society which seeks to promote the Division within the University and on a national basis, together with providing students with help and feedback. We also host a series of lunchtime seminars with invited academics to talk about topical issues and emerging areas of research, together with employers to give an insight into the world of work. What Support is There for Me? What if I have Questions About the Ideas in Classes? You can talk to the module leader or seminar tutors either at the end of the class or arranging to see them in their office. What Support is Available? We have an excellent student support system. On arrival you will be assigned to a member of the academic staff, who will be your Personal Academic Tutor. You will have regular meetings with your tutor, who will help or advise if you have any general academic issues. All Division staff operate an ‘open door’ policy during office hours meaning that you don’t need to specifically arrange an appointment. For example, this could be to meet your Personal Academic Tutor who is your main mentor and guide in decisions about choosing course units, or even changing the subject of your degree. Additionally, your Personal Academic Tutor is the first point of contact should you experience problems of any kind, whether directly related to your studies or not. They can also refer you to specialist agencies inside the University, if necessary, such as the Counselling Service or Disability Service. Alternatively, you can also use these office hours to see one of the module lecturers, or seminar tutors, if you are having problems understanding some of the ideas and concepts being taught. This gives you the opportunity to benefit from one-to-one tuition to clarify your understanding. Is there any English Language support available? Yes, the free Study Centre of the University Language Centre provides a friendly area for study, cross-cultural interaction, English support and language learning, together with an English Debating Society (visit: www.bradford.ac.uk/ulc). School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 29 Your Career with an Economics Degree Our degree courses have proved attractive to employers in both the public and private sector. Whichever route you take, our courses develop your powers of analysis and critical thought, and build skills in communication, expression and rational argument. These are valuable in any area of employment. Indeed, evidence suggests economics degrees are particularly well rewarded in the labour market. Graduates clearly benefit from the practical emphasis of our degree courses, with 75% of our 2011 graduates in work or further study within 6 months of graduating*. The main fields that our graduates have entered include careers in: accountancy, banking, building societies, insurance companies, marketing and sales. Many start as financial or management trainees. Others take public posts in teaching, local government or the Civil Service. The University has an excellent Career Development Service which helps students to make the transition into employment or further study/training after graduation. Students have access to careers education programmes, advisory interviews with careers staff and specialised computer and library facilities. This is in addition to the compulsory Career and Personal Development for Economists module you will take. Recent graduates have gained employment with the following employers: • Abbey • Accenture • Barclays Bank • British Bankers’ Association • Canada Life • Department for Work and Pensions • Houses of Parliament • Home Office • Lloyds TSB • National Westminster Bank • Norwich Union Insurance Many of our graduates undertake further study on a taught Master’s course either to deepen their understanding of economics or to add specialist business or teaching skills to their existing knowledge. A first degree in Economics opens many doors and provides a sound foundation for a range of Master’s degrees in business and management. For example, our graduates frequently go on to careers in accounting, finance and insurance after undertaking specialist postgraduate degrees. Several others have pursued further study in economics and are now studying towards a PhD. By choosing a first degree in Economics you retain the flexibility to deepen your economics knowledge or develop complementary skills later once your career goals are defined. You can choose to study more economics and related subjects at Master’s level within the Division. Our students are also successful at securing places on postgraduate taught and research courses at a wide range of other prestigious UK and European universities: •Aarhus University • City University • Complutense University of Madrid • Durham University • Imperial College, London • King’s College, London • London School of Economics • Tilburg University • University of Edinburgh • University of Exeter • PricewaterhouseCoopers • University of Manchester • Royal Bank of Canada • University of Nottingham • Royal Bank of Scotland • University of Warwick • Teaching and research in various schools, colleges and universities • University of York (* Statistics derived from annually published data by the Higher Education Statistics Agency (HESA) based on those UK domiciled graduates who are available for employment or further study and whose destinations are known.) 30 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics Exemptions from Professional Qualifications An Economics degree from the University of Bradford provides you with vocationally relevant knowledge and understanding. Our graduates will qualify for exemptions from modules on Chartered Insurance Institute diploma courses, together with Association of Chartered Certified Accountants (ACCA) and Chartered Institute of Management Accountants (CIMA) accounting awards, giving you a headstart in your career. I learnt business economics in Bradford, but now my employment focuses on accounting and auditing. Although these two may not relate to each other, the experience of learning in Bradford was really beneficial, such as the ‘self-learning’ ability I practised in Bradford. So in my daily work, when I encounter a knowledge gap, I will do research on my own to solve it. This ‘self-learning’ practice reinforces my knowledge. As an external auditor, we perform independent review and provide objective opinion on a company’s financial records. Our work is on the basis of engagement, which needs mutual efforts of each team member to achieve. We will evaluate a company’s sales report, purchasing records and other accounting vouchers and documents, and finally issue our audit report. My experience working in PwC will help me consolidate my understanding of accounting and finance. In addition, this employment also allows me to approach companies in different industries so as to gain acquaintance with their business operation. All these will lay the foundation for me to become a finance expert in the future. My study at Bradford helped to prepare me for employment in various ways. The dissertation was the most helpful aspect due to the stages you have to go through such as proposal, research, analysis to complete it. Also the core areas of microeconomics and macroeconomics helped my analytical skills and to understand how government decisions affect the general public and ultimately the financial sector where I now work. In particular, overall the university experience emphasises both independent and group work, which is very valuable as you have to collaborate and influence your peers in order to put together a piece of work. Also presentations are very valuable as they build your self-confidence. After graduating I joined the Royal Bank of Scotland where I am currently an operations manager looking after around 150 people. My responsibilities include performance management, to drive change within the centre, collaboration with other departments in order to improve customer experience, manage talent and develop staff. As I am due to finish the graduate programme, my short-term goal is to secure a senior manager role within RBS, whilst my ambition for the next 4 years is to become Head of Business. Alexandru Carp BSc (Hons) Economics (2010) Operations Manager, Royal Bank of Scotland, UK Jonathan Zha BSc (Hons) International Business Economics (2010) Auditor, PricewaterhouseCoopers, Shanghai, China Anh Nguyen and Kris Reinyte celebrating graduation and testing gravity. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 31 Having studied economics, this helped to develop a rational thinking chain of assumptions, which is very useful trying to explain trends in businesses and why things happen. The modules which I took were research based and although at that time it seemed that it was boring and useless, I now write similar reports for a living, so I guess it was very useful! The course gave me solid foundations and understanding of what drives global and local economies. Above all, it introduced me to the world of investments and finance appraisal, knowledge which I continue to utilise on a daily basis. On a different note, the course offered me the flexibility I needed in order to be able to combine studying with my daily job and decent social life. At work I conduct research about the Information Communication Technology market. For example, currently we run a project with Samsung’s division which wants to enter the Middle Eastern market. The work involves estimating the market in terms of its key players, their market shares and trends, interviewing potential customers and trying to get information from competitors. Then come up with a market entry strategy and give advice to the clients on what opportunities are in the Middle Eastern market I work within the Structured Finance Department of the European Investment Fund. My main tasks concern risk management and monitoring of the performance of structured deals, which is a complicated process and requires a lot of modelling of future cash-flows and an ongoing monitoring of any contractual obligations of different counterparties. I also work not only on the Fund’s own exposure, but also on the exposure of some EU Member States. My current plan is to work for another year or two, build up professional experience and expand my network of people and then do my Master’s or MBA. Since I had worked for Morgan Stanley shortly after I left Bradford, I hope to go back into investment banking and enter a graduate scheme, before moving to the US to pursue an MBA. Marius Miginis BSc (Hons) Economics with International Relations (2009) Research Analyst / Consultant, Frost & Sullivan Dubai, UAE My degree helped me to gain good analytical, numerical and teamwork skills which have been really useful in my employment. What I noticed was the attitude of lecturers to stimulate the students to further develop their skills in order to grow both as students and as future workers. My role with SC Johnson is to identify new potential partners, customers and suppliers to enhance the business profit; analyse market trends in order to change and adapt our growth policies according to competitors moves; plan the development and the launch in the market of new products and develop with innovation the established brands. Given the big range of modules I took during my BSc it’s quite easy to change job, in fact in the close future I want to step into a financial career in order to increase my skills and subsequently open my own business. Filippo Ferraresso BSc (Hons) Business Economics (2011) Customer Marketing Analyst, SC Johnson Milan, Italy Cyprian Zimecki BSc (Hons) Business Economics (2010) Portfolio Risk Management Trainee, European Investment Bank Group, Luxembourg My degree provided me a solid foundation both in terms of fundamental economic theories as well as practical applications to comprehend economic events and their impact on oil and commodities prices, which is vital for my current job role. In addition, it allowed me to gain exposure to the finance and investment world, which later has shaped my career ambitions. The course was demanding, but it was also rewarding. I gained not only valuable knowledge and also valuable skills, such as critical thinking, quantitative skills, problem-solving skills etc. The multicultural academic environment was ideal for me to develop strong team-working and interpersonal skills. I am currently working as an oil and commodities trader. As a market maker, my role is to provide liquidity to a number of major exchanges such as CME and ICE. I mainly trade futures of WTI, Brent crude oil, heating oil, cocoa, coffee and livestock. I have a great ambition to become an asset manager, but first I would like to gain more experience in different asset classes, in addition to oil and commodities. Long Dinh Nguyen BSc (Hons) Economics (2010) Trader, Oak Capital Management, London, UK 32 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 33 Accommodation You will be guaranteed a place at our new student village, The Green, during your first year, if you apply before the specified time (full details are online). The Green is both a lovely place to live and an eco-friendly one as well. Buildings are arranged as a small village, with rooms available in apartments or townhouses. Every building there meets the highest standards of sustainability, meaning it costs very little to heat and light, and it makes the most of natural resources like solar power and rainwater. There is also plenty of alternative and well-priced accommodation in houses and flats very close by, and we can help you to find what you want. For more details about what’s available, and for costs, visit: www.bradford.ac.uk/accommodation The Green has achieved the highest ever BREEAM rating for any building at 95.05%. The Green has been designed with a community, village feel in mind. Whilst it is its own self-contained community it has great connectivity into the city campus and is just a 5-minute walk to the city centre. Regular bus services pass by the student village into the city centre, from where you can easilty get to Leeds and other nearby towns, incuding parts of the Yorkshire Dales. At the centre of the Village is ‘The Orchard’ which is central hub building that has the Accommodation and Management office, and a launderette. The Orchard overlooks the central area and biodiversity pond. The pond which reuses rainwater provides a home for a number of animal and plant species and acts as a passive coolant in summer. There are lots of places to meet, socialise and relax within the attractive landscaped gardens which help create an enjoyable place to live. There are built-in barbecue sets, external seating and grassed areas. The Townhouses have patio doors at the back that lead onto grassed areas so really students have their own garden. 34 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics University Facilities For every single aspect of your student life at the University, there is a team of staff whose only role is to support you towards achieving your full potential. The Hub is the centre of most of our student support services, and we encourage you to consider The Hub as a one-stopshop for all of your needs. Enrolment and Courses: From the first time you arrive at the University, The Hub will support you through enrolment and any changes you want to make to your course. Finance: Explaining fees, helping you with budgets and advising you on dealing with other debts, we are always there to help you to understand and handle your finances. Counselling: Our discreet and friendly counsellors are here to help, and there is nothing too big or too small to talk through with them. Disability Services: Students with any extra needs will find that the Disability Services team are well equipped to help in all kinds of ways. Faith: Due to the huge variety of backgrounds and nations there are at the University, we also have a provision for different faiths on campus or in the surrounding area. You will find societies, places of worship and staff dedicated purely to student faith. Arts on Campus: The arts are highly valued at the University and are seen as vital in helping to develop a rounded experience of University life. We have three major art venues across campus including Tasmin Little Music Centre, Theatre in the Mill and Gallery II. Students’ Union: The University of Bradford Students’ Union (UBU), based in the brand-new Student Central, is home to services for all students. From support and help to sports, societies and volunteering opportunities, our elected student representatives and dedicated team of staff work directly for you as a student. International Office: With 2,000 international students studying at the University we are very experienced in understanding the extra support needed by our international students. Student Activities: We have over 60 societies you Library and IT: WiFi is available in numerous places throughout our campuses. We have well-stocked libraries and computing facilities, which on the city campus are available for learning and research 24/7. Advice Centre: Staff are always on hand to help you with academic, financial, visa, personal and other issues. Learner Development Unit (LDU): The LDU is here to support students with academic, maths and interpersonal skills. There are regular workshops and clinics on specific subjects as well as individual and group activities with skills advisers. can join, 30 sports to be played, and many volunteering opportunities to suit you. Career Development Services: The Careers Service offers a range of workshops and resources to help you to develop the employability skills recruiters look for. As well as practical help on CV writing and job hunting skills, you can also register with the University’s JobShop to help find local part-time work whilst you are studying. Arts and Entertainment: At the Students’ Union we have our own student newspaper, 30-year-old radio station RamAir, and the Bradford Student Cinema. We also run regular activities like freshers’ week, club nights, student-run events, comedy nights, markets and our massive end of term party. Sports: If you enjoy sport, you will have lots of opportunity to follow your particular interest or to take up new ones. You will find excellent facilities at Unique: Fitness & Lifestyle offering a range of facilities for indoor and outdoor activities. School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 35 Bradford Life The City Bradford is perfectly placed, right in the middle of the UK, and with great transport links that mean you can go anywhere you like with ease, whilst living in the least expensive student city in the UK. Leeds is just 20 minutes away by train, the Dales and Manchester are within easy travelling distance for a day or a night out, and there are trains and coaches direct to London too. Meanwhile in Bradford itself there is art, music, theatre, history, clubbing and great food and drink from all over the world right on your doorstep, and at little expense. Bradford is a famously global city – the perfect place to learn about other cultures, particularly during the annual Mela festival celebrating Asian culture, and through the many wonderful international restaurants and curry houses, which earned Bradford the title of Curry Capital of Britain 2011. But at the same time it has also been voted the most English city in the UK for its love of cricket, fish and chips and events like the annual beer festival, which is held in the beautiful UNESCO World Heritage Site of Saltaire. The Campus The city campus is very close to the centre of Bradford and transport links, as well as being well equipped and developing all the time. New students will be among the first to use our new accommodation, The Green, and the brand-new Student Central where you’ll find social and study spaces, bars and venues and the Students’ Union. On campus there is also a theatre, library, gallery, music centre, new gym, pool, and many places to eat and drink. As well as all of these new facilities, there is plenty of green space for you to enjoy on campus, the largest of which is the amphitheatre outside Student Central, which plays host to barbecues, sunbathing and events during summer and to sledging and snowball fights in winter. Students studying Management subjects are mainly based at the dedicated School of Management parkland campus a couple of miles away, which is home to both beautiful historic buildings and highly sustainable state-of-the-art facilities. Behind all of this is a commitment to sustainable living that has won our campus the award for ‘Outstanding Contribution to Sustainable Development’ in The Times Higher Education Awards two years running. So you can study safe in the knowledge that you are helping to save the planet at the same time. Bradford was the first of the two UNESCO Cities of Film (Sydney, Australia, is the other), and hosts an international film festival, animation festival and horror festival each year, with other film-related activities here for you to enjoy all year round. Bradford also offers a thriving cultural scene including the National Media Museum, with its huge IMAX screen, as well as galleries, theatres and museums of arts and technology. Many more theatres and art galleries are plentiful, most within walking distance of the city campus. Annul street events and festivals within the area are always spectacular, bringing together residents and visitors to enjoy fabulous flavours and the benefits of living in a global community. 36 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics How to find us Coach Services connect most parts of the country to Bradford’s Travel Interchange. Rail Bradford Interchange and Forster Square stations have extensive rail links, though many involve changing at Leeds. Approximate journey times are: London, King’s Cross 3 hours Edinburgh 4 hours Birmingham 3 hours Manchester 1 hour York 1 hour Leeds 20 minutes National Media Museum There is a free city bus connecting Bradford Travel Interchange, Forster Square station and the city centre to the University. Road Bradford is connected to the national motorway network via the M62 and M606. Approximate distances are: London 200 miles (320 km) Edinburgh 200 miles (320 km) Birmingham 120 miles (192 km) Manchester 35 miles (56 km) York 33 miles (53 km) Leeds 8 miles (13 km) Air We can arrange for this material to be transcribed into an accessible format such as Braille, large print, E-text (compatible with screen-reading software) or digital audio such as CD. Please contact the School of Social and International Studies. Tel: 01274 235541 The University of Bradford – Confronting Inequality: Celebrating Diversity™ The University of Bradford is committed to promoting equality, diversity and an inclusive and supportive environment for students, staff and others closely associated with the University in conformity with the provisions of its Charter. The contents of this publication are correct at the time of printing. The University reserves the right to alter or withdraw courses, services and facilities as described in this booklet without notice and to amend Ordinances, Regulations, fees and charges at any time. Students should enquire as to the up-to-date position when applying for their course of study. Admittance to the University is subject to the requirement that the student complies with the University’s admissions procedures and observes the Charter and Statutes and the Ordinances and Regulations of the University. There are direct regular air services into Leeds/Bradford International Airport, 7 miles (11 km) from the University, from various cities around the UK and Ireland as well as from Amsterdam and other European locations. You can get from the Airport to the University by bus or taxi. Many internal and international flights can also be made into Manchester Airport, 50 miles (80 km) south-west of Bradford. More detailed maps of the University campus are available on our website at: www.bradford.ac.uk/maps Cover image and picture on page 20 courtesy of istockphoto.com Produced by Marketing and Communications, University of Bradford Print Production: Inprint and Design, University of Bradford 1573/2,200/08/2012 School of Social and International Studies Tel: (0)800 073 1225 Email: [email protected] Web: www.bradford.ac.uk/economics 37 Edinburgh EDINBURGH 4 HOURS National Media Museum Leeds/Bradford International Airport Bradford Manchester MANCHESTER 1 HOUR University of Bradford Birmingham London University of Bradford Bradford West Yorkshire BD7 1DP United Kingdom LONDON , KING’S CROSS 3 HOURS General Course Enquiries: Tel: 00 44 1274 233081 Email: [email protected] www.bradford.ac.uk Alhambra Theatre
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