Business Economics, BSc (Hons), with industry placement

BSc Business Economics (Industry) begins by introducing the foundational principles of Economic Theory. The BSc then focusses on the mathematical and statistical methods employed in Economics with specific application to business. Nevertheless, our programme is still flexible enough to allow you to build your degree as your interests and strengths evolve.As a student who is comfortable and fluent in mathematics, BSc Business Economics (Industry) provides you with the analytical skills and intellectual toolbox to help answer some of the most pressing economics questions and the possibility of directly applying them through a paid placement in industry.You will learn how to interpret data, understand (and quantify) the decisions made by individuals, organisations, and governments and evaluate economic policies.You will cover the fundamentals of Economic theory and practice, and as your degree progresses and you discover more about both the subject and about yourself, you have the opportunity to flex this programme in ways that speak to your changing interests and strengths. This might lead you to choose modules in:

• International Trade

• Environmental Economics

• Health Economics

• Behavioural Economics

Amongst many other specialisations. This leads to a degree unique to you, where you have played a major part in building the degree you want.What separates Lancaster from the crowd is the flexible nature of our Economics degrees. Not only can you choose more and more of your modules as you progress through your degree, Economics can also be combined with:

• Politics

• International Relations

• Geography

• Politics and Philosophy (the E in PPE)

• Mathematics

• Law

Many of these subjects are great compliments to Economics.The University will use all reasonable effort to support you to find a suitable placement for your studies. While a placement role may not be available in a field or organisation that is directly related to your academic studies or career aspirations, all placement roles offer valuable experience of working at a graduate level and gaining a range of professional skills.If you are unsuccessful in securing a suitable placement for your third year, you will be able to transfer to the equivalent non-placement degree scheme and would continue with your studies at Lancaster, finishing your degree after your third year. The University offers a range of shorter placement and internship opportunities for which you would be welcome to apply.You do not need an A level in Economics to enrol in this course.This course offers a grounding in the fundamentals of Economics. The most powerful aspect of Economics is that it teaches a way of thinking which can then be applied to a specific field. If you want to be a government economist advising on tax or social/welfare costs, you need specific knowledge and skills. The same is true for a career in finance. You need specific finance models – how much to invest here, or advise clients to invest there. But the mode of thinking is the same for both: it is the critical, disciplined way of thinking that you will get from an Economics degree at Lancaster University. Economics opens up the world because the critical and analytical thinking skills that it inculcates are applicable to whatever your passion, be they Politics, Finance, the trading floor, or working for an NGO, all use the same skills.