The Economics and Management undergraduate degree programme examines issues central to the world we live in: namely how the economy and organizations function, and how resources are allocated and coordinated to achieve the organization’s objectives. Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilise the other.
Economics is the study of how consumers, firms and governments make decisions that together determine how resources are allocated. An appreciation of economics and the general workings of the economy have become increasingly necessary to understand 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 organizations in the pursuit of the organization’s defined objectives.Management considers the interrelationship and interactions between distinct parts of an organization, and between the organization and its environment. Management students look at theories, models and frameworks in order to understand how managers behave and to consider their role in the process of decision-making.