Economics studies how consumers, firms and governments make decisions that together determine how resources are allocated. An appreciation of economics helps to make sense of government policy-making, the conduct of businesses and the enormous changes in economic systems which are occurring throughout the world. Management is concerned with the effective use and coordination of materials and labour within organisations in the pursuit of the organisation’s defined objectives. It considers the interrelationship and interactions between distinct parts of an organisation, and between the organisation and its environment. Management students look at theories, models and frameworks in order to understand how managers behave and consider their role in the process of decision-making.
This top-ranking Economics and Management undergraduate degree programme examines issues central to the world: how the economy and organisations function, and how resources are allocated and coordinated. Economics and Management are ideal intellectual partners. Economics provides a broad understanding of economic activity within which all organisations function; Management in turn analyses the character and goals of that functioning.