Gain a degree from a UK university

BSc (Hons) Financial Management (Business Economics)


Duration:
  • Final year only: 1 year
  • 1st & 2nd years or 2nd & 3rd years: 2 years
  • Full programme: 3 years
  • Full programme (accelerated study mode): 2 years
Fees:
  • For information regarding fees, funding and scholarship please fill in the enquiry form on the right.

InterActive gives you the opportunity to attain a specialised bachelor’s degree in business economics, 100% online and at a pace that you decide. With a complete set of e-learning resources at your disposal, you will be in the perfect position to work towards your future career aspirations.

This programme takes a broad-based approach to its examination of the economic principles behind real-world managerial decisions. You will graduate with an internationally recognised UK undergraduate degree accredited by the University of Wolverhampton, a respected provider of tuition in the UK and worldwide.

What will you learn?

You will have the opportunity to explore financial economics, econometrical methods, development economics, financial management, risk management and asset pricing. Designed with your career-readiness in mind, the degree course has a strong practical element and serves to equip you with the skills demanded in today's business environment.

Studying this course via InterActive will ensure that you develop the core and advanced management accounting, financial and business knowledge that leading organisations require from their employees. Plus, with InterActive's flexible online study platform you can engage with the material at your own speed through HD-recorded video lectures and an array of online study materials.

 
 

In the first year of the programme you will be introduced to core business subjects such as marketing, finance, business law, micro and macro-economics. This will provide a foundation from which you will progress to further advanced financial modules.

In the later stages of the course you will explore econometrics, and will devote your time to individual projects in managerial and developmental economics.

(1st Year) Certificate of Higher Education in Financial Managementread more
Quantitative Methods

Learning outcomes

You will gain the ability to:

  1. Identify and apply appropriate data collection techniques to central location and dispersion measures in the analysis of business data
  2. Apply regression, correlation and time series forecasting in the prediction of business relevant inputs for planning and designing solutions
  3. Compute probability and utilise hypothetical tests for single and two population variables
  4. Implement linear programming in business decisions

Topics covered

  1. Data Collection and Presentation, Central Location and Dispersion, and Index Numbers
  2. Regression and Correlation
  3. Time Series and Forecasting
  4. Probability and Probability Distributions
  5. Sampling and Tests of Hypotheses and Linear Programming
Introduction to Marketing

Learning outcomes

You will gain the ability to:

  1. Design a market research plan
  2. Differentiate between the elements of various types of marketing (product/service/face to face/ B2B/ industry)
  3. Understand the dynamics of digital age marketing and its impact on the global market place

Topics covered

  1. Marketing and Its Environment: Marketing dynamics and the global marketing environment
  2. Customers and Markets: Consumer behaviour, B2B buying behaviour, segmenting markets, marketing information and research
  3. The Marketing Mix and The Application of The Concepts
  4. Marketing Planning, Management and Control
Introduction to Finance

Learning outcomes

You will gain the ability to:

  1. Understand and apply basic financial tools appropriate for decision making
  2. Explain the concept of the time value of money in a business and financial context
  3. Compute present and future values
  4. Prepare report inputs using financial tools such as discounting, compounding, annuities and perpetuities, while outlining their features

Topics covered

  1. Introduction to Finance, The Financial Environment and The Principles of Finance
  2. The Concept of The Time Value of Money
  3. The Mathematics of Finance Finding, Interest Rates and Time Requirements
  4. Compounding to Determine Future Values and Discounting to Determine Present Values
  5. Perpetuities and Annuities, and Inflation or Purchasing Power Implications
  6. Future Value of an Annuity and Future Value of an Annuity Due
  7. Frequent Compounding or Discounting Intervals
  8. Annual Percentage Rate Versus Equivalent Annual Rates of Interest, and The Cost of Consumer Credit.
Micro Economics

Learning outcomes

At the end of the module, students should be able to:

  1. Critically evaluate intermediate microeconomic theory and be able to apply economic reasoning to the analysis of economic questions and policy
  2. Identify, present and critically evaluate standard theoretical economic models
  3. Apply standard theoretical economic models to analyses of economic questions and policy issues
  4. Communicate concepts/definitions/arguments both in writing and orally

Topics covered

  1. Economic models
  2. Utility and choice
  3. Demand (market and individual) and elasticity
  4. Production and costs
  5. Profit maximisation
  6. Perfectly competitive markets
  7. Risk and uncertainty (economics of information)
  8. Externalities
  9. Asymmetric information (basic concepts)
  10. Monopoly
  11. Capturing surplus
  12. Market structure and competition
  13. Revision
Macroeconomic Environment

Learning outcomes

You will gain the ability to:

  1. Analyse the macroeconomic environment of business and evaluate their impact on business
  2. Compute measures of inflation
  3. Explain the concept of national income and discuss the methods used in measuring a country’s output
  4. Outline issues in labour market, unemployment, taxation and government spending, and assess their impact on business at a fundamental level

Topics covered

  1. Introduction to Macroeconomics and the Macroeconomic Environment
  2. Measuring the Rate of Inflation, The Inflationary Process and Money Value and Their Impact on Businesses
  3. Determination of National Income and Measuring a Country’s National Output
  4. Foreign trade, Introduction to Exchange Rate Computations and Balance of Payments
  5. The Labour Market and Unemployment, and Their Impact on Businesses
  6. Taxation and Public Spending and Their Impact on Businesses
Business Law

Learning outcomes

At the end of this module, students should be able to:

  1. Discuss and explain the fundamentals of legal systems
  2. Identify and apply legal concepts in local and business transactions and scenarios
  3. Differentiate and analyse from a legal point of view different types of business and their legal ramifications
  4. Discuss and explain the legal regulation of companies and evaluate the options available to companies in a financial crisis

Topics covered

  1. The fundamentals of legal systems
  2. Local and international business transactions and their legal ramifications
  3. Local and international forms of business and their legal ramifications
  4. Legal aspects of business relationships with specific consideration of joint ventures and partnerships
  5. Legal aspects of raising capital and financing businesses
  6. The legal regulation of companies
  7. Legal aspects to managing crises and bankrupt businesses
(2nd Year) Diploma of Higher Education in Financial Managementread more
Management Accounting

Learning outcomes

You will gain the ability to:

  1. Discuss different types of costing systems and use them to compute cost
  2. Evaluate the effect of costing systems and stock costing methods on income statements
  3. Compute and evaluate break even points using cost volume analysis as a tool for decision making
  4. Explain the concepts of activity based costing and design pricing systems, as well as discuss information used in business decision-making

Topics covered

  1. Fundamentals of Management Accounting I: An introduction to cost terms and purposes, job costing systems and process costing systems
  2. Fundamentals of Management Accounting II: Cost allocation, joint cost situation and income effects of alternative stock costing methods
  3. Management Accounting Information for Decision Making I: Cost-volume-profit relationships, determining how costs behave and relevant information for decision making
  4. Management Accounting Information for Decision Making II: Activity-based costing, pricing, target costing and customer profitability analysis
  5. Budgeting and Planning as Control Systems I: Motivation, budgets and responsibility accounting, flexible budgets, variances and management control I
  6. Budgeting and Planning as Control Systems II: Flexible budgets, Variances and Management Control II and measuring yield, mix and quantity effects
Financial Accounting

Learning outcomes

You will gain the ability to:

  1. Prepare financial statements using complete and incomplete data
  2. Explain key accounting concepts in financial accounting and their application
  3. Analyse financial statements to explain company performance and position, based on company annual reports
  4. Critique main points in a company's annual reports

Topics covered

  1. The Framework of Financial Reporting: Introduction to Financial Accounting and key accounting concepts
  2. Financial Position (Balance Sheet) and Financial Performance (Income Statement); An overall view of the nuts and bolts
  3. Preparation of Financial Statements: How to record transactions and prepare financial reports for a single enterprise
  4. Measuring and Reporting Cash Flows
  5. Analysis and Interpretation of Financial Statements
Information Management

Learning outcomes

You will gain the ability to:

  1. Identify information systems and analyse their impacts on businesses
  2. Understand the information technology (including ICT) support required for information systems in a business
  3. Critically evaluate the application of information systems to e-Commerce
  4. Appreciate how information systems can be used as a knowledge development and management tool in businesses

Topics covered

  1. Introduction to Business Information Systems and Their Impact on Businesses
  2. How Businesses Can Achieve Competitive Advantages Through The Deployment of Information Systems
  3. The Information Technology Support for Information Systems in Businesses
  4. Telecommunications Systems and Enterprise Systems Deployment in Businesses
  5. The Business Needs and Structure Requirements for Information Systems
  6. Application of Information Management Systems in Electronic Commerce
  7. Developing Knowledge from Information Systems and Management
Corporate Finance

Learning outcomes

You will gain the ability to:

  1. Analyse fundamental corporate finance decisions and their implications
  2. Apply investment decision rules of the traditional and discounted cash flow methods, in analysing investment decisions and discussing outputs
  3. Explain the concepts of risk and returns, as well as compute the cost of capital
  4. Examine working capital policies and apply cash management models in analysing business working capital policies

Topics covered

  1. Fundamentals of Corporate Finance: The types of financial management and corporate finance decisions
  2. Investment Decision: Traditional and discounted cash flow investment decision tools
  3. Financing Decision I: Capital structure theories and financing decisions
  4. Financing Decision II: Risk and return trade-off, the cost of equity, cost of debt and the weighted average cost of capital
  5. Working Capital Decisions: Working capital policies, computations and cash flow management models
Financial Economics

Learning outcomes

You will gain the ability to:

  1. Discuss the foundation of financial economics, household incomes and their impact on investment decisions
  2. Use financial economic tools to discuss resource allocation, principles of financial economics and market valuation
  3. Compute basic valuation from known cash flows
  4. Identify risks in business design and basic risk management plans
  5. Explain the capital asset pricing model, the arbitrage pricing model and efficient market hypotheses

Topics covered

  1. The Microeconomic Foundation of Financial Economics
  2. Household Savings and Investment Decisions
  3. Allocating Resources Over Time
  4. Principles of Financial Economics and Principles of Market Valuation
  5. Basics of Valuation of Known Cash Flows
  6. Principles of Risk Management
  7. The Capital Asset Pricing Model and The Arbitrage Pricing theory
  8. The Efficient Markets Hypothesis
Financial Markets

Learning outcomes

You will gain the ability to:

  1. Analyse and carry out a basic computation of instruments in the equity markets
  2. Identify and carry out a basic computation of instruments in the fixed income markets
  3. Critically discuss and carry out a basic computation of instruments in the derivatives markets
  4. Evaluate and carry out a basic computation of instruments in the mortgage markets

Topics covered

  1. Overview of the Main Financial Markets: Equity, fixed income, derivatives and mortgages
  2. Equity Markets: Fundamental concepts of equity markets and the valuation of securities in equity markets
  3. Fixed Income Markets: Fundamental concepts of fixed income markets and the valuation of securities in fixed income markets
  4. Derivatives Markets: Fundamentals of and computations in derivatives markets
  5. Mortgage Markets: Fundamentals of and computations in mortgage markets
(3rd Year) BSc in Financial Managementread more
Research Methods

Learning outcomes

You will gain the ability to:

  1. Differentiate between research philosophies, and the link between research philosophy and research design
  2. Assess the strengths and weaknesses of different research methods in small to large projects
  3. Identify and apply data acquisition, transformation and analysis tools
  4. Develop an understanding of how research findings must be used within clear ethical constraints (i.e. avoiding data mining to support biased objectives)

Topics covered

  1. Research Philosophy
  2. Research Approaches
  3. Research Design
  4. Methodology
  5. Methods
  6. Literature Review
  7. Data Acquisition
  8. Data Transformation
  9. Data Analysis
  10. Data Presentation
  11. Research Ethics
International Financial Management

Learning outcomes

You will gain the ability to:

  1. Critically analyse the financial goals of a multinational enterprise and evaluate the challenges faced by multinational firms
  2. Examine foreign exchange theories and discuss international parity theory
  3. Evaluate foreign exchange risk and design tools to manage this risk, while considering possible payoffs
  4. Compute the global cost of capital and analyse issues in sources for international financing
  5. Discuss international portfolio theory and diversification, and analyse investment decisions in an international context
  6. Explore working capital management issues in an international operation, and discuss financing international trade (exports or imports)

Topics covered

  1. The Global Business Arena and International Financial Management (An Introduction): Globalisation and the multinational enterprise, financial goals and corporate governance, as well as the International Monetary Fund
  2. The Balance of Payments
  3. Current Multinational Financial Challenges
  4. Foreign Exchange Theories and Markets
  5. International Parity Considerations
  6. Foreign Currency Risk and Tools used in Managing Them (Derivatives, Swaps and Forward Markets)
  7. Foreign Exchange Rate Determination and Forecasting
  8. Financing the Global Firm, Global Cost and Availability of Capital, Sourcing Equity and Debt, as well as International Finance
  9. Foreign Investment Decision Considerations: International portfolio theory and diversification, foreign direct investment and political risk, as well as international capital budgeting
  10. Managing the Finances of Multinational Operations: Working capital management and international trade finance
Econometrics

Learning outcomes

You will gain the ability to:

  1. Explain unifying themes in the estimation and assessment of various regression models in financial economics
  2. Apply estimation methods and diagnostics derived from these themes
  3. Interpret and assess the output of an appropriate econometric software package
  4. Analyse and apply selected pieces of economic theory and data

Topics covered

  1. A Brief Overview of the Classical Linear Regression Model
  2. Further Issues with the Classical Linear Regression Model
  3. Univariate Time Series Modelling and Forecasting
  4. Multivariate Models
  5. Modelling Long-Run Relationships in Finance
  6. Modelling Volatility and Correlation
  7. Switching Models
  8. Simulation Methods
Managerial Economics (Project)

Learning outcomes

You will gain the ability to:

  1. Design a research project based on a topic from your specialist pathway
  2. Prepare a report for a business challenge
  3. Compute and explain marginal analysis
  4. Create and apply a demand, cost and revenue analysis with the aim of meeting profit maximisation function
  5. Explain basic production concepts and assess production challenges with one variable input

Topics covered

  1. Six Steps To Decision Making: Defining the problem, determining the objective, exploring the alternatives, predicting the consequences, making a choice and performing sensitivity analysis
  2. Decisions within Firms: Optimal decisions using marginal analysis, marginal analysis, marginal revenue and marginal cost, profit maximisation and sensitivity analysis
  3. Demand Analysis And Optimal Pricing: Determinants of demand, the demand function, the demand curve and shifting demand, general determinants of demand, elasticity of demand
  4. Production Decisions: Basic production concepts, production technology, production with one variable input and competing within markets, perfect competition, the basics of supply and demand, competitive equilibrium, decisions of the competitive firm, monopoly, oligopoly and introduction to game theory
  5. Decision-making Applications: Decision-making under uncertainty and the value of information
Developmental Economics (Project)

Learning outcomes

You will gain the ability to:

  1. Design and plan a research project on topics in developmental economics
  2. Critically evaluate the core problems affecting developing countries
  3. Identify and analyse data sources on developing countries
  4. Critique some of the tools of economic analysis
  5. Research and present findings (in theory and evidence) in case studies of economic problems in developing economies

Topics covered

  1. An Overview of Developmental Economics
  2. Challenges of Developing Countries
  3. Theories of Growth and Development
  4. Population Growth, Poverty, Rural-Urban Migration and Income Inequality
  5. The Role of Agriculture in Economic Development
  6. Trade, Trade Policy and Strategy
  7. Environment and Development
  8. World Governance and Developing Countries
  9. Developing Economies / Emerging Economies / Developed Economies Comparisons.
 
 
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