BA (Hons) Business Management with Analytics

Year 2 Core Modules

You must study and pass all three core modules

Brief description

Business Analytics is generally thought to comprise three broad categories: descriptive analytics, predictive analytics, and prescriptive analytics. You need no prior higher education experience in statistics.

Indicative content

• Descriptive statistics: Descriptive statistics to summarize data. Modifying data using Excel, measures of location, measures of variability, measures of association between two variables and data cleansing.
• Data visualisation: The most common forms of visualising data and when each form is appropriate. The human mind can process visual images such as charts much faster than it can interpret rows of numbers.
• Probability - modelling uncertainty: Basic relationships of probability, conditional probability, random variables and probability distributions.
• Descriptive data mining: Cluster analysis, association rules and text mining.
• Statistical inference: Sample selection, point estimation, sampling distributions, interval estimation, hypothesis tests.
• Simple linear regression: The least squares method and the fit of the model.
• Multiple linear regression: Extension of the simple linear regression model to incorporate multiple independent variables. Statistical inference in regressions, categorical independent variables, model fitting and prediction using regression models.
• Time series analysis and forecasting: Time series patterns, forecast accuracy, moving averages and using regression analysis for forecasting.

Brief description

The tools and techniques associated with managing projects. Carry out an investigation into a project failure and recommend alternative actions which could have been taken.

Indicative content

• Project management and project teams
  Intepreting project specifications and objectives, and the requirements of project stakeholders; Key project challenges for individuals and groups: reviewing the key priorities of time and project management; Understanding the role of a project leader; Understanding team work and how effective teams function; Creating and contributing to effective project teams; Managing teams through project delivery; maintaining goal focus, and managing problems
• Project analysis and planning: Analysing project requirements and sub-tasks. Estimating timelines; deadlines and milestones and activity durations. Constructing a project schedule. Resourcing projects. Allocating and smoothing resources. Using Gantt charts to allocate and monitor resource allocation. Project management tools. Using project management software.
• Managing projects: Dealing with project risk. Evaluating the probability and potential impact of risk; contingency planning for risk management; project tracking and revision to completion. Evaluating project delivery and management: Analysing the effectiveness of project management processes and the impact of project delivery and non-delivery.
• Project management methodologies: The use of project management methodologies such as Prince2 and SCRUM.

Brief description

Introduction to research methods for real world research.

Indicative content

• Introduction to research: Explaining the nature and purpose of research; Classifying the different types of research (quantitative qualitative, mixed methods) and how they map within the different philosophical paradigms (positivism, interpretivism, pragmatism).
• Dealing with practical Issues: Identifying the main stages in the research process; Identifying/generating a research topic and setting research objectives; Developing a research strategy; Identifying ethical issues in conducting research.
• Searching and reviewing the literature: Explaining the purposes of a literature review and defining the main steps in conducting it; Searching, evaluating, organizing and synthesizing relevant literature.
• Data collection and analysis: Approaches to qualitative and quantitative data collection; Data collection using a mixed-methods design.
• Writing a research proposal: Purpose and structure of a research proposal.
• Descriptive statistics: Summarisng and visualising data sets; Exploring the relationships between variables.
• Inferential statistics: Hypothesis testing; Selected hypothesis tests.

Year 2 Option Modules

You must study and pass two option modules of your choosing from Term 1 and two from Term 2.

Brief description

The principles of Scots commercial law, consumer law and finance as they relate to business and consumer transactions.

Indicative content

• Sale and supply of goods and services to businesses: Contract of sale and related contracts to businesses: implied terms, transfer of property and risk, breach and remedies, operation of the Sale of Goods Act 1979,Supply of Goods and Services Act 1982 and the Unfair Contract Terms Act 1977.
• Sale and supply of goods and services to consumers: Consumer Rights Act 2015, Consumer Protection Act 1987, Consumer contracts regulations
• Rights in Security: Rights in security over moveables, lien, pledge, hypothec, standard securities, floating charges, guarantees and cautionary obligations.
• Debt recovery and personal insolvency: Diligence: attachment inhibition, arrestment, adjudication and money attachment. Personal insolvency and the Bankruptcy (Scotland) Act 2016.
• Insurance: The common law of insurance: operation of the Third Parties (Rights against Insurers) Act 2010, the Consumer Insurance (Disclosures and Representations) Act 2010, the Insurance Act 2015.
• Consumer credit and consumer finance: Consumer Credit Act 1974, hire purchase, loans, banking practice, mortgages, personal savings and investments, pensions, stocks and shares, basic rules of taxation and money laundering.
• Arbitration and ADR: ADR forms such as negotiation, mediation and arbitration. Arbitration in Scotland: Arbitration (Scotland) Act 2010.

Brief description

Different forms of taxation and calculations. 

Indicative content

• Pension contributions: Registered pension schemes: Tax relief for contributions  by scheme members; Tax relief for contributions  by employers; Annual allowance charge; Lifetime allowance charge.
• Chargeable gains for individuals: Introduction to capital gains tax; Calculation of capital gains/losses and liabilities arising on disposals; basis of assessment; Rates of CGT; Administration of CGT; Chattels and wasting assets; Gains and losses on the disposal of shares and securities; CGT reliefs.
• Corporation tax and corporate groups: Introduction to corporation tax; Scope of corporation tax; Accounting periods; Taxable total profits; Trading income; Corporate chargeable gains; Computation and payment of  the corporation tax liability; Corporation tax losses; Close companies and investment companies; consortia; Groups of companies and reconstructions. 
• Value added tax: Principles; Taxable persons and supplies; exemptions, zero rated, partly exempt businesses; Registration and Deregistration; Accounting for VAT; Administration of VAT.
• Inheritance tax: Chargeable transfers of value; The use of exemptions in deferring and minimising inheritance tax liabilities; Inheritance tax payable on chargeable lifetime transfers; Inheritance tax payable on death; Valuation; Business property relief; Agricultural property relief; Administration of Inheritance tax.
• Overseas taxation: Residence and domicile; Double taxation relief ; Diverted profits tax ;controlled foreign companies; Overseas aspects of personal and corporate taxation.

Brief description

Human resource management theory and practice.

Indicative content

• Introduction to HRM: Theoretical perspectives to HRM; practical approaches to HRM.
• Context and HRM: National, international, occupational, organisational and individual contexts of HRM in theory and in practice.
• Strategic HRM: Introduction to strategic human resource management; ‘best fit’ and ‘best practice’ approaches.
• HRM, work and wellbeing: Fair work; dignity at work; mental health and stress at work; the benefits and challenges of flexibility.
• HRM, equality and diversity: Inequalities in the labour market and in the workplace; managing diverse workforce.
• Managing conflict in the workplace: Conflict in the employment relationship; misbehaviour, discipline and grievance procedures; bullying and harassment; disputes.
• Contemporary HRM trends and future challenges: Continuity and change in work and employment; gig economy; (ir)responsible HRM.

BMT214 People Planet Profit

Brief description

Develop a range of skills, knowledge and techniques within the natural, technological and social sciences that are relevant to the study of environmental sustainability and concurrently, life in the twenty-first century. 

Indicative content

• The Challenge of Sustainable Development: Problems associated with life in the 21st Century and the relationship to scientific provisionalism and uncertainty are discussed.
• The Genesis of Sustainable Development Concept: Developments associated with the Club of Rome are outlined while Limits to Growth and the Tragedy of the Commons are discussed.
• Evolution of Sustainable Development: The Reo Summit and Suitability, and Policy Developments thereof will be discussed.
• Mainstreaming Sustainability: Sustainability and Mitigation, Adaptation and Resilience, as individual and social concerns, will be evaluated. And their role in transformation will be discussed.
• Communicating Sustainability: Human well-being, Environmental Justice, Environmental Policy and the practicalities of Sustainability in Scotland are discussed.
• Sustainable Development in Practice: Community Empowerment associated with Land Reform. Energy Production and Food Production in Tayside..
• Ethics and Sustainability Policy: Active citizenship and Globalisation.
• Innovating Locally, Transforming Globally: Transformations that are required to embrace Sustainability.
• Active Relationship for Sustainable Futures: Thinking Globally, acting locally.

Brief description

Social, managerial, economic, political and technical challenges and opportunities associated with emerging renewable energy innovation, production, supply and consumption.

Indicative content

• Renewable Energy Nontechnical Challenges and Opportunities: Social and political challenges and opportunities of renewable energy production supply and consumption. Economic and environmental challenges of renewable energy production supply and consumption. Strategic and managerial challenges of renewable energy production supply and consumption.
• Renewable Energy Technological Challenges and Opportunities:. Geotechnical and Geophysical information. Technical limitations and challenges of energy distribution systems and energy storage. Current technological development trend, collaborative innovation in renewable energy.

Brief description

Introduction to tax.

Indicative content

• Introduction to taxation: General introduction to UK tax system; Administration of tax system; Tax evasion; Tax avoidance; HMRC Charter; Introduction to Income tax.
• Sources of income: Basis of assessment and allowable expenditure; Capital expenditure; Personal allowances and reliefs; Income and losses arising from property; Employee’s liability for National Insurance contributions.
• Income from employment: Basis of assessment; Employment income; Non-taxable employment income; Deductible expenses; Administration of the Pay As you Earn (PAYE) system; Benefit-in-kind.
• Income from self-employment: The calculation of trading profits; Disallowed and allowable expenditure; Trading income allowance ; Basis periods for trading income; Commencement of trade; Cessation of trade; Change of accounting date; Capital allowances; Trading losses and relief; partnerships.

Brief description

Skills and knowledge required to manage the finance of an event.

Indicative content

• Sources of funding: Determining where funding will come from for your event; funding policies; funding applications to external sponsors; convincing sponsors of the benefits of funding your event.
• Budgeting and breakeven: Understanding the types of costs involved in the project;  Preparing a simple budget and analysing a complex (pre-prepared) budget; Creating a break-even analysis.
• Controlling finances: Pre-event controls, operational controls, post control mechanisms.

Brief description

The impact of festivals and events on their host communities.

Indicative Content

• Introduction: The theoretical background: Basic concepts, ideas, principles of festivals, events and communities; Forces-Stressors-State-Impact-Response (FPSIR) model)
• Types of events: Local community events to mega and online events
• Impact of events: Nature of impacts, impact assessments; Economic, social, environmental, tourism, political, psychological
• Future of events: Introduction to the future, industry perception of events future; future trends and issues. Live streaming.
• Stakeholders: Stakeholder theory Corporate Social Responsibility theory, 
• Case studies in events.

Brief description

The importance of digital technology in the marketing function in today’s organisation. 

Indicative content: 

• Introduction to digital marketing: Discussing the impact of digital transformation on the marketing function. Creating digital strategies that are integrated within the wider marketing strategy and support the organisational goals and objectives.
• Understanding the digital marketing environment: Examining the internal and external facets of the digital environment that the company operates within including competitors, the digital consumer and the wider digital landscape.
• The planning process: Exploring the models and methods of planning your digital strategies based on audit data, social listening and company objectives. 
• Media and tools planning: Selecting the appropriate tools and media to use to support the implementation of the digital marketing strategy.

Year 3 Core Modules

You must study and pass all three core modules.

Brief description

How companies can improve their competitiveness by using digital solutions.Exploiting technology to transform service delivery through Internet portals, intra-corporate connected environments, social networks. Transforming internal processes and ways of working with partners are strategic issues considered by most organisations, both large and small. 

Indicative content

• Meaning and scope of e-business and e-commerce: Introduction and overview: current trends and issues. The evolution of e-business.
• Analysis of firm's external environment: The macro-environment and implications for e-business ventures. Defining industry, segments and target markets for e-business.
• Analysis of firm's internal environment: The meaning of core competence in e-business; the four virtual spaces of the ICDT framework for interaction with customers; the meaning of the company's value chain and value network.
• Foundations of value creation in e-business: Understanding of what the value is and elements that contribute to value creation; the value grid and levers of e-value creation.
• Dealing with disruptive innovations in e-business: Successful imitation and the barriers to imitation; how companies can assess the threat of a disruptive innovation; the ways to deal with a disruptive innovation in e- business. The trade-off between richness and reach in e-business; customer relationship management in the digital context; the concept of mass-customisation.Business models and revenue models in digital business; Digital transformation: a blend of digital technology, people, innovation and creativity; Doing digital (i.e. tactical solutions) vs being digital (i.e. strategic solutions); Implementation by creating a competitive advantage; Protecting digital business from imitation.

Brief description

Consumer behaviour theory and concepts, along with fundamental principles of market research and data analysis to support data-driven decision making in organisations. 

Indicative content

• Fundamentals of consumer behaviour: Decision-making models and influences on decision-making. Needs, motivation and values. Perception, memory and learning. Attitude theory. Theories on personality, self and identity. Social and group influences on consumer behaviour. Digital consumer behaviour.
• Principles of marketing research: Designing marketing research projects and identifying researchable questions. The importance of data and data-driven decisions in marketing. Primary research methods in marketing: quantitative and qualitative data collection techniques. Secondary research in marketing. Data quality.
• Data analysis: Using SPSS to analyse, interpret and draw conclusions from quantitative data. Qualitative data analysis.

Brief description

The challenges facing contemporary business organisations in an operating context in which they are expected not only to demonstrate an economic contribution and shareholder value, but increasingly, to do so in a manner that reflects the interests of a range of stakeholder groups and being sustainable.

Indicative Content

• The changing context of business: The changing nature of organisations: from industrial to post-industrial society; globalisation structures, processes and arguments; 
• Sustainable business practice: Corporate social responsibility and The Business and Society Relationship; Corporate Citizenship: Social Responsibility, Responsiveness, and Business Performance 
• Employee well being at work: Employees as stakeholders: issues relating to privacy, safety and employee well-being 
• The role of third sector organisations; Social and economic exclusion and business; understanding the conditions of inequality and social exclusion; factors influencing social mobility, The social contribution of third sector organisations
• Corporate social responsibility:  Public Policy and governance: public and third sector 

Year 3 Option Modules

You must study and pass one option module of your choosing from Term 1 and two from Term 2.

Brief description

Introduction to corporate finance. Gain knowledge of the main sources of corporate finance and the ability to apply key techniques to use and manage finance in large and small organisations.

Indicative content:

• Time value of money: Future Value and Present Value; Annuities and Perpetuities; Quotes rates, Effective Annual Rate and Annual Percentage Rate.
• Bond valuation: Bond Pricing; Bond Ratings; Interest Rate Risk; Determination of Bond Yields.
• Equity valuation: Ordinary and Preference Shares; Cash Flow Valuation.
• Capital budgeting: Net Present Value, Payback Rule and Other Investment Criteria; Pro forma Financial Statements; Special Cases of Discounted Cash Flow; Scenario Analysis; Sensitivity Analysis; Break-Even Analysis.
• Risk and return: Expected Returns and Variances; Systemic and Unsystematic Risk; Diversification and Portfolio Risk; Systemic Risk and Beta; the Security Market Line and CAPM.
• Cost of capital: The Cost of Equity; the Cost of Debt and Preference Shares; the Weighted Average Cost of Capital.
• Financial leverage and capital structure policy: The effect of Financial Leverage; Capital Structure and the Cost of Equity; Modigliani & Miller Propositions and the value of the firm; Optimal Capital Structure; the Pecking-Order Theory.
• Dividends and pay-out policy: Cash Dividends and Dividend Payments; Does Dividend Policy Matter? Low vs. High-Dividend Pay-out; Shares Repurchases.
• Short-term financial planning and management: Reasons for holding Cash; Understanding Float; Investing Idle Cash; Determining the Target Cash Balance; Optimal Credit Policy; Inventory Management.

Brief description

The societal and political pressures organisations face to rapidly reach achieve zero carbon emissions. Develop the skills needed to evaluate an organisation's current environmental impact and create and implement a new strategy to reduce this impact. 

Indicative content

• Examine why environmental stewardship is important for any business to pursue, and why that importance will likely grow stronger in the future.
• Methods for evaluating an organisations current environmental impact
• Defining initiatives that fill gaps between the current state and the future vision and constructing a roadmap for achieving the vision.
• To introduce and explain business process transformation methodologies, with supporting technology and tools, that focus on increasing operational efficiency and reducing waste. E.g. IBM’s Green Sigma methodology.
• Frameworks for developing and implementing a green strategy, and illustrate the benefits many organisations have realised in each strategic area.

Brief description

The theory of policy development and its effects on organisations and vice versa. 

Indicative content

• What is public policy: The process by which governments translate their political vision and ideologies into programmes and actions to deliver outcomes and desired changes in the real world. 
• The policy process: The foundations, importance and goals of public policy. The stages of the policy cycle and the political factors that influence them.
• Theories of power and the policy process: Apply the theory such as, Rational Actor Theory and Institutional theory to real-world policy case studies. 
• How organisations shape and impact on policy: How organisations and industry representatives such as lobbyists can inform, persuade, pressure and influence governments, policy makers and public policy to help serve their interests. 
• Public policy and the operation of organisations: How public policies and government influence markets for sustainable businesses; Why public policy is important to sustainable business and business more generally; Key influencers and the impacts of relationship of public policy and why public policymaking does not always serve the public interest.

Brief description

Spend a specified time in a business environment working in an area related to your programme.

Indicative content

• Placement preparation
• Placement briefing: Responsibilities of all parties involved; expectations; professional conduct. of placement; requirements of professional conduct.
• Experiential learning: Supervised Placement carried out 1 day per week for 10 weeks(preferred structure)or 10 day block; feedback; employer assessment, student reflection on performance while on placement.
• Placement check: Discussions will take place between the placement tutor, student and employer to ensure satisfactory progress is being made.
• Placement presentation: Prepare a Poster presentation focused on your placement learning and employability skills development, and on learning through experience to peers and employers.
• Business investigation/Business project: Research within the placement organisation, a business/management issue, or participate in a workplace project and report on the findings/outcomes.

Brief description

Gain a theoretical and evidence basis for decision-making in marketing communications and creative design. Learm to  create, design, analyse, evaluate, provide recommendations for and plan marketing communications. 

Indicative content

• Marketing communications theories.
• Planning effective marketing communication campaigns: context analysis, objectives, marketing communications strategy, creative strategy, marketing communications mix, channel selection, budget and scheduling, evaluation.
• Developing the creative message: Creative design principles and developing marketing communication materials.
• The marketing communications mix: Advertising, Public Relations, Sales promotion, Personal Selling, Direct Marketing.
• Digital marketing communications & digital channels
• Integrated marketing communications.
• Responsible marketing communications: societal effects and ethics of marketing communications; legal responsibilities.
• Psychological perspectives on marketing communications.

Brief description

The skills and knowledge needed to launch a small business successfully. Acquire the personal and professional skills needed in order to develop a professional career and/or to succeed as entrepreneurs in Small and Medium sized Enterprises (SMEs).

Indicative content

• An introduction to entrepreneurship and an analysis of the skills and qualities associated with successful entrepreneurs.
• Generating successful business ideas.
• Environmental scanning.
• Developing a credible business plan that includes evaluating business ideas. Assessing risk and uncertainty; identifying potential customers, markets and market segments; assessing operations, USP and competition; price vs quality and profits.
• Presenting the business idea.

Brief description

Current thinking on the effects of globalisation and culture on management practice and how national cultures shape the processes of employee development and organisational performance.

Indicative content

• Introduction: The theoretical background: The meaning and importance of managing across− cultures, perceptions and models of culture and cultural differences in organisation theory and management studies. The context and dimensions of managing across cultures, convergence and divergence theories, and classification of the different approaches to managing in different countries.
• Managing in the Anglo−Saxon countries: Analysing the Anglo-Saxon approach to management; Managing in the USA and the UK
• Managing in Asian countries: Effects of Confucianism, Communism and economic dynamism on management and organisation in East Asia countries; Managing in China, Japan and South Korea.
• Managing in Western European countries: Analysing the Francophone, the Germanic and other European models of management. The impact of the EU integration and expansion on employment and labour markets. Managing in France and Germany.
• Managing in Less Developed countries: From colonialism to dependency: the impact of international trade, transfer of knowledge and technology, ideologies and religious beliefs on management (mismanagement) and organisation in less developed countries. Managing in selected African and Middle−Eastern countries.
• Contemporary issues of cross−cultural management: Global ethics and global labour markets: Gender, race, disability and age concerns. International organizations' responses to changing demographics; International organisations' responses to skills shortages. International approaches to managing diversity; and the use of IT in International HRM.

Brief description

How the complexities, dynamics and uncertainties of the contemporary business environment impacts on the organisation of work and the contemporary employment relationship. .

Indicative content:

• The future working context: The changing context of work, post bureaucratic society, Millennial, and high performance work contexts.
• The new employment relationship and new forms of control: Flexible work and the precariat, The changing nature of capital - emotional and aesthetic labour; The psychological contract.
• Conflict in the workplace: The changing nature of power and politics in organisational decision-making and management practice. The changing nature of contemporary employee relations; organisational misbehaviour and counter-productive work behaviours. 
• Human capital development: The learning organisation and organisational learning, technology mediated work processes, talent sourcing and human capability and knowledge management; career planning and development, rewards and recognition.
• Outcomes: Learning from high performance organisations; Engaging employees, employee engagement and discretionary effort; building organisational resilience.

Year 4 Core Modules

You must study and pass all five core modules

Brief description

Prepare for graduate recruitment by ensuring you have the professional skills required in the workplace.

Indicative content

• Analysing the job market: Determining the type of job you would like to move into. Thinking about sectors and finding out what employers want. 
• Skills audit: Undertaking a skills audit. 
• Preparing for work: Understanding the trends in your chosen field of employment and employers’ requirements for staff. 
• Topic specific activity: Options for study of different skills and knowledge.

Brief description

The main concepts, approaches and tools of strategic management in the contemporary business environment. The fundamentals of operations management, such as the supply network, inventory management, and the use of technology in operations processes. 

Indicative content

• Operations management in its organisational context: The operations function within the organisation and its relationship with other functional areas; The role of the operations manager.
• Performance Objectives, Operations Strategy and Operations Design: Measuring operations performance, operations strategy, different types of strategies, formulation of operations strategy, product and service innovation, Types of Innovation, stages of product and service innovation, 4Vs.
•  Capacity Management: Demand v. production, models of capacity planning, measuring capacity (utilisation and efficiency calculations).
• Inventory Management: Why hold stock? Costs of inventory, ABC analysis, economic order quantity, inventory management strategies.
• Technology in Operations processes: E-supply chain, IT application in supply chain system, enterprise resource planning, technology strategies.
• Supply Chain Management: The supply network; designing the supply chain (make or buy); supply chain stages; uncertainly and risk factors, purchasing and supply, materials and distribution management, logistics, balancing flow within a supply chain, managing bottlenecks and restrictions. Supply chain measures, six sigma, strategic alliances and collaborative partnerships, characteristics of supply chains in the contemporary global economy.
• Outsourcing: Make or buy decisions in sourcing strategy; supplier selection; outsourcing supply chain management; co- ordinating supply and managing supplier relationships & partnerships, supply chain risks management.
• The customer interface: Meeting customer requirements, forecasting demand, lean operations and JIT, lean principles, reducing waste.
• Strategy and the organisation: Strategic analysis; strategic thinking; levels of strategy.
• Strategy context: Industry analysis: turbulences and dynamics. Porter’s five forces.
• Business level strategy: Business level strategy and sources of competitive advantage.
• Corporate level strategy: Generic strategies; hybrid strategy; value chains.

Brief description

Theory and techniques to perform predictive and prescriptive analytics in a business context. Prescriptive analytics differs from descriptive and predictive analytics in that prescriptive analytics indicates a course of action to take. 

Indicative content

• Predictive data mining: Data sampling, preparation and partitioning; performance measures; the logistic regression; and classification and regression trees.
• Spreadsheet models: Excel functions for modelling and construct predictive and prescriptive models.
• Monte Carlo simulation: Simulation and applying the techniques learned to specific business cases.
• Mathematical optimisation: Main optimisation techniques.
• Linear optimisation models: Linear programming techniques. 
• Integer linear optimisation models: The different types of integer linear optimisation models and applying excel solver to find solutions.
• Decision analysis: Decision analysis with and without probabilities, and decision analysis with sample information.

Brief description

Undertake some practical research in response to a current business need of a real company and produce a suitable management report with recommendations.

Indicative content

• Analysing a problem: Using different analysis techniques such as data flow diagrams, entity relationship modelling and process mapping, examine problems to better understand the current position of the business.
• Innovation and innovation techniques: Using different creativity and innovation tools to help find solutions to business problems.
• Innovation for global growth (IGG): Work with multiple organisations - public, private and third sector, on a challenge they currently face. This will provide a scoping opportunity for the problem and a chance to test possible solutions. Prior to this event discussions on professional behaviour and communication will take place.
• Developing and presenting the solution: Take the solutions identified during IGG and further investigate their suitability. Develop one or more solution to provide an implementation plan for the organisation.

Brief description

Programming languages widely used in the industry for data analysis and machine learning. This is not a module in more advanced programming languages such as C++. 

Indicative content

• Programming, Data Analysis and Machine Learning: Programming as an important tool for the business analyst.
• Introduction to Programming: Data structures, algorithms and programming languages. 
• Programming with Python: Python, one of the most widely used programming language for data analysis and machine learning. 
• Programming with R: R, another widely used programming language used by data analysts.
• Data Analysis and Machine Learning: Using Python and R to develop programmes for data analysis and machine learning.

Year 4 Option Modules

You must study and pass one option module of your choosing.

Brief description

The analytical tools to make sound investment decisions. 

Indicative content

• The investment environment: The risk-return trade-off and the efficient pricing of financial assets are central to the investments process. The role of financial markets and their degree of efficiency is an important factor to support investors.
• Fixed-income securities: Debt securities are often called fixed-income securities because they promise either a fixed stream of income or one that is determined according to a specified formula. These securities have the advantage of being relatively easy to understand because the payment formulas are specified in advance and there is no uncertainty about the size and time of their payments.
• Equity valuation: The price of a stock depends on the dividend and earnings that can be expected from the firm. In analysing a firm’s prospects, it often makes sense to start with the broad economic environment, examining the state of the aggregate economy and even the international economy. This analysis combined with the appropriate equity valuation model provides the guidance to the investor to operate in financial markets.
• Portfolio theory and practice: Introduction to Risk, Return and the Historical Record. Risk Aversion and Capital Allocation to Risky Assets. Optimal Risky Portfolios.
• Options, futures and other derivatives: Introduction to Option Markets. Option Valuation. Futures Markets. Futures, Swaps and Risk Management.
• Behavioural finance and technical analysis: Understanding the behavioural critique. Technical Analysis and Behavioural Finance.

Brief description

Introduction to international trade. A practical guide to sell abroad profitably including the legal regimes applicable.

Indicative content

• Introduction to world trade: The economic rationale for international trade, barriers to trade and international markets. World Bank data, current trade developments.
• Building the foundations for exporting: Are you ready for export? Writing an export Business Plan, prepping for exports.
• Creating and using online marketing platforms: Online fundamentals, creating a social media and networking presence, marketing your business worldwide.
• Mapping your export journey: Choosing a product to export, exploring your territory, preparing and adapting your product for the export marketplace.
• Managing the transactions: Transport, logistics and fulfilment options; pricing and preparing quotations; getting paid.
• Some policies of the institutions and organisations: For example the Generalised System of Preferences and the incorporation of Development issues into International Trade regulation.
• The effect on business of the International Regulation: To include the Vienna Sales Convention 1980, with a UK focus, letters of credit, cross border guarantees, international carriage of goods, by land, sea and air.

Brief description

Contemporary accounting, business and management issues and to gain an in-depth understanding of current thinking. 

Indicative content

• Business and management: Contemporary issues in general management 
• Human resource management: Contemporary issues in human resource management, organisation theory and structure
• Marketing: Contemporary issues in marketing  
• Accounting and finance: Contemporary issues in accounting and finance

Brief description

The challenges of managing in complex international business environments.

Indicative content:

• Introduction - The theoretical background: Globalisation and international business; Analysis of international external business environment; political factors; economical factors; social factors; technological factors and implications for international managers; International trade theories and practices.
• International business strategies: Strategy and international business; Country evaluation and selection; Export and Import strategies; Direct investments and collaborative strategies.
• International and cross-cultural management: International Dimensions of Culture: Understanding various dimensions of culture; Hofstede's (1980) National Culture Approach and Trompenaars (1993) Cultural Dimensions. Implications for International Managers. managing employee relations in multiple contexts. 
• Managing in international contexts: Culture and negotiations: Understanding the relationship between culture and negotiations; how to reconcile possible conflicts regarding differences in culture and negotiations. 
• Contemporary issues in managing international business: Managing international work assignments, Understanding the implications of CSR on MNE decision making.