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Business Economics

Course Outline
The MSc Business Economics is an integrated course applying economics to the business environment. Designed in consultation with leaders from the business community and public sector organisations, this unique course equips you with the key skills for career development in the ever-changing business world. It also provides a good foundation for those interested in undertaking further study at PhD, DBA or professional development level.

This is a research-orientated course, which is both theoretically grounded and evidence-based. The focus is on analysing, understanding and explaining business performance in a competitive environment.

The MSc Business Economics course is unique to UCC, incorporating both taught courses and action research, and using economic theory and analysis explicitly applied to business. Through the focused taught courses and conducting your own research, you learn how to explain and apply core theories, empirical methods and a range of analytical tools that are relevant and transferable to a range of fundamental business issues. The use of workshops, discussion groups, visiting speakers and lectures guide student learning and allow you to explore fundamental business issues.

A portfolio of skills required to support business analysis and managerial decision-making is developed, including communication skills (written and oral), analytical and evaluation skills and team-working skills. Our market research has indicated that such skills are very highly rated by employers.

The course places emphasis on:
• the preparation and presentation of quality business reports
• techniques of data analysis that include forecasting and scenario analysis and survey analysis
• team-working for assignments to enhance interpersonal relationships
• a problem-solving approach using case studies

The programme for the degree of MSc consists of two parts as set out below. Part I consists of a combination of examinations and coursework in a set of specified taught modules to the value of 60 credits. Part II consists of researching and writing a business economics report to the value of 30 credits.

Course Practicalities
It culminates in the writing of a business economic report, an application of concepts and frameworks to an actual business situation — the key is translating learning into practice. An external business advisor provides guidance and advice to ensure the relevance and effectiveness of skills developed during the course.

Why Choose This Course
This innovative course aims to develop your skills for employment as a business or strategic analyst as well as providing foundations for undertaking further study. The focus of the course is on increasing your understanding of the reasons underlying firm performance and competitiveness. Experience at writing a business economics report is a significant feature of the course as it develops research skills and strengthens presentation skills, which are highly rated by employers. Strong emphasis is placed on employment and career search through workshops on interview techniques, skills analysis, CV presentation and job applications.

The quality of the course can be gauged from the fact that in both 2010 and 2011, an MSc Business Economics student won the Accenture Leader of Tomorrow Award. The Accenture award is open to all final-year and postgraduate students from across Ireland, and aims to identify innovative and entrepreneurial young talent in order to foster Ireland's next generation of leaders.

Entry requirements

Minimum 2H2 primary degree [NFQ Level 8] or equivalent. Note that there is NO requirement for Economics or Business subjects to be part of the primary degree.

Consideration will be given to applicants not meeting the above criteria (i.e. no primary degree) but with extensive relevant professional experience, as deemed appropriate by the Head of Economics in consultation with the Programme Director, subject to the approval of the School of Business.

If you are applying with Qualifications obtained outside Ireland and you wish to verify if you meet the minimum academic and English language requirements for this programme please click
https://www.ucc.ie/en/study/comparison/
to view the grades comparison table by country and for details of recognised English language tests.

English Language Requirements
Applicants that are non-native speakers of the English language must meet the university approved English language requirements available at https://www.ucc.ie/en/study/comparison/english/postgraduate/

International/non-EU applicants
For full details of the non-EU application procedure please visit our how to apply pages for international students. In UCC, we use the term programme and course interchangeably to describe what a person has registered to study in UCC and its constituent colleges, schools, and departments.

Not all courses are open to international/non-EU applicants, please check the fact file above.

For more information please contact the International Office.

Duration

1 year full-time, 2 years part-time

The part-time option will be taught during weekday working hours over 2 years.

The course consists of approximately 12 hours of lectures/workshops a week, excluding visiting speaker seminars and time that you must set aside for group work and assignment preparation.

Careers or further progression

Skills and Careers Information
Skills developed on the MSc course include:
• leadership, organisational, interpersonal and team-working skills
• working to deadlines in producing analyses, reports and presentations to professional standards
• ability to interpret economic data and events
• ability to explain complex issues to non-specialists
• application of economic tools and concepts to the business world
• research project design, implementation and management

The course has an excellent employment track record and every year, our graduates pursue challenging careers in the private and public sectors. MSc graduates have obtained employment in a wide range of areas at home and abroad, including management consulting, the financial and banking sectors, private sector, public sector, research institutes, and the education sector.

Further enquiries

Contact details for this course
Dr Catherine Kavanagh
c.kavanagh@ucc.ie
+ 353 21 490 1868
https://www.cubsucc.com/programmes/postgraduate/msc-business-economics/

Subjects taught

Part I
• EC6617 Professional Business Skills
• EC6619 Scenario Planning for Strategic Decision-Making
• EC6620 Research Methods for Business Economics
• EC6621 Economics of Business Strategy
• EC6622 Business Relationships and Business Strategy
• EC6623 Analysing General Business Conditions
• EC6624 Macroeconomic Data Analysis for Strategic Decision-Making
• EC6625 Financial Economics and Business Strategy
• EC6626 Corporate Treasury Management
• EC6627 Fieldwork Methods for Business
• EC6628 Analysis of Business Survey Data

Part II
• EC6618 Business Economics Report (the BER)

Further details on the content and modules are available on the College Calendar.

Comment

Course Practicalities
The MSc Business Economics has a dedicated course teaching team drawn from the School of Economics. Seminars are provided by visiting speakers from public and private sector organisations.

You can search UCC's Institutional Research Information System for staff profiles.

Assessment method

The course is assessed by a combination of exams and coursework. Approximately 45% of the course is assessed by coursework, including presentations, written reports, in-class assessments and group work.

Application date

Applications for academic year 2020/2021 are open.

EU Applicants: UCC operates a rounds closing date system for the majority of postgraduate taught courses, which means offers are made four times a year on a rolling basis. Some courses have one specific closing date, please check your course prospectus page for this information.

The UCC rounds closing dates for postgraduate taught courses are below. Applicants are advised to apply as soon as possible.

Deadline for receipt of full applications:
For all completed applications received by January 10th 2020
Offers will be made by January 24th 2020

For all completed applications received by March 2nd 2020
Offers will be made by March 16th 2020

For all completed applications received by May 1st 2020
Offers will be made by May 15th 2020

For all completed applications received by July 1st 2020
Offer will be made by July 15th 2020

Late applications may be accepted on a first-come, first-served basis for any courses that have remaining capacity.

Non-EU Closing Date: 15 June
Non-EU Applicants: Information for Non-EU applicants may be found on the International Office Website https://www.ucc.ie/en/international/

Enrolment and start dates

Start Date: 7 September 2020

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