International Foundation Year - Business

This module aims to introduce students to the basic mechanics and processes of financial accounting in both theory and practice and prepare them for degree studies in business subjects. The module also aims to help students understand the importance of financial and management accounting procedures in running a business effectively and providing the data for decision-making in business.

The overall aim of this module is to provide students with a basic introduction to the study of business and management by introducing them to the standard departments within a company, such as finance, marketing and human resource management. The course covers the different types of businesses, business set-up, planning and financing of developments, considerations in marketing the company’s products or services, the importance of issues around work and people in organisations and how businesses plan and support new projects and respond to and manage change. This module may cover a wide range of micro and macroeconomics.

This module aims to enable students to apply data to work towards solutions to real-life problems in the contexts of their chosen field of further study. Students are introduced to basic statistical concepts, topics and methods. They are also introduced to statistical packages to help them collate and present data in forms that help them analyse and interpret it.

This module looks at the business structure and the impact of internal and external factors on business growth and development. It introduces students to approaches to management and leadership within businesses and how thinking about management has developed over time.

The module also considers how businesses have impacted society and the environment and the need for companies to behave ethically and sustainably. It considers the impact of modern technology on businesses and how they need to respond to change and innovation. the subject area) and reporting their findings both in written form and through a presentation.

This module aims to provide students with a basic introduction to the study of Macro and Microeconomics, introducing them to relevant economic theories, concepts and terminology and explaining the importance of key topics such as demand and supply, the financial problem, the allocation of scarce resources and ideas around elasticity, specialisation, productivity, economies of scale and monopoly. Students consider different economic models and the importance of and bases for government’s financial decision-making, including the significance of key indicators such as GDP, inflation and unemployment. They also consider external influences and constraints on government action, such as EU membership and the impact of globalisation.