Reasons to study Business Economics and Risk Management at DMU:
This rewarding course is for graduates and professionals seeking a competitive advantage in today’s international job market. You will acquire a highly developed knowledge of economics, risk management and financial principles, through both practical application and relevant leading-edge theory.
- Excellent teaching quality
Learn from leading academics with international reputations for research and teaching within their specialist areas
- No previous knowledge or experience required
You will have the opportunity to study the foundations of economics and risk management, as well as study further challenging modules
- Specialist in risk management
Acquire a highly developed knowledge of economics and risk management theory, of relevance to financial and non-financial sectors, by applying theory to real-world problems
- Learn how to apply key economic theory to industry
You will learn to identify, assess and communicate the implications of risk for organisations as well as national policy makers
Structure and assessment
By studying both economics and risk management together, you will be able analyse how individuals and organisations can evaluate different approaches as part of their decision-making process.
A range of core modules underpin these key economic and risk management principles:
- Macroeconomics in a Global Context – presents an analysis of how the macroeconomy works in a global environment that is subject to international trade and factor endowment flows. You will gain the skills to relate the theory of macroeconomics to recent world events and debate the implications of macroeconomic policy.
- Economics and Strategic Analysis – the aim of this module is for you to understand they key strategic decisions that individuals, firms ad organisations, face and the consequence of those decisions. You will also learn how to apply microeconomic models to solve current economic problems.
- Risk Management – it is now recognised that the business agenda has moved away from risk avoidance towards the recognition that risk, if correctly managed, can lead to competitive business advantage. You will learn how to identify and manage risks within an organisation.
- Business Continuity and Crisis Management – develops a historical and contemporary understanding of business continuity management and crisis management theory and practice that fits within broader strategic imperatives.
- Internal Control and Audit – recent cases of corporate failures and scandals, especially in the US and the UK, have heightened public interest in how organisations are being governed and how management tackles business risks. You will be exposed to the crucial role internal control mechanisms and the internal audit function play in organisations’ risk management procedures.
- Economics and Emerging Markets – This module applies contemporary economic theories in order to examine Emerging Market Economies and their contribution to the global economy. These theories as well as country studies in Emerging Markets will be used to discuss topics such as Globalization, Growth, Debt, Banking, Exchange Rates, Capital Inflows, Foreign Direct Investment, Trade and Institutions.
- International Trade Theory and Policy – This module will examine real world International Policy issues, within a coherent theoretical framework. The module will present an analysis of how the international economy works, in terms of trade theory and policy. Recent developments in the world economy have raised concerns regarding the nature of the international adjustment mechanism, and the merits of free trade compared with protectionism.
Dissertation – You must undertake a dissertation, having identified a real issue to explore in depth. You must use multiple modes of enquiry embracing both economics and risk management. You will need to apply and enhance technical knowledge and critical awareness in a subject of your choice.
Note: All modules are subject to change in order to keep content current.
Facilities and features
Hugh Aston Building
You will be taught in the Hugh Aston Building, which was purpose-built at a cost of £35 million.
Facilities also include lecture theatres and classrooms with capacities ranging from 50 to 250 people, break-out spaces for group work, quiet study zones for individual work and a large number of high-spec IT labs, some of which are installed with professional software.
The main Kimberlin Library is open 24 hours a day, 365 days a year (other than in exceptional circumstances) and offers a huge range of online resources, all of which can be remotely accessed from anywhere you choose.
The library is run by dedicated staff who offer additional support to students, including help with academic writing, research strategies, literature searching and reference management and assistive technology, and mathematical skills for non-maths students. There is also a Just Ask service for help and advice, available via email or telephone.
Our Learning Zones and the The Greenhouse also provide space for group or individual work and study.
There are 1,600 study places across all library locations, more than 700 computer stations, laptops to borrow, free wi-fi and desktop power outlets.
You can also book rooms with plasma screens, laptops and DVD facilities for group work and presentations, secure an individual study room with adjustable lighting or make use of our assistive technology.
Opportunities and careers
This is our innovative international experience programme which aims to enrich your studies and expand your cultural horizons – helping you to become a global graduate, equipped to meet the needs of employers across the world.
Through #DMUglobal, we offer a wide range of opportunities including on-campus and UK activities, overseas study, internships, faculty-led field trips and volunteering, as well as Erasmus+ and international exchanges.
Enhance your existing qualifications and global career prospects with a specialist master’s in applied economics and risk management.
This course provides advanced preparation for careers in policy making, organisational decision making and the financial world.