International Year Zero: Business, Management and Economics
Our IYZ in Business, Management and Economics will give you an excellent grounding in the basics of business, encompassing key economic, legal and management principles. You will also develop maths skills that are vital for your degree studies.
Bangor Business School is a leading teaching and research centre with a prestigious reputation. Your chosen degree course will set you on the path to a dream career in the world of business or finance Graduates of many business-related programmes are eligible for exemptions from modules and examinations if you wish to take a further professional qualification in marketing or accountancy.
A basic introduction to the study of business and management, this module introduces the function of marketing in different types of businesses and organisations. It considers issues around the liberalisation of trade and the development of the global market and how they have affected businesses and the emergence of the international manager. You will also look at basic human resource management functions and activities to gain an understanding of important issues surrounding people in the workplace.
Providing you with a functional knowledge of the basic rights and liabilities in law affecting modern businesses, this module covers types of business entity, such as partnerships and companies. You will learn about the legal system in England and Wales, including the small claims track, and the rights and responsibilities of businesses in this legal framework. The module also outlines the formation and nature of a contract in law, and liability for non-fulfilment of a contract or negligence.
Covering the basic mechanics and processes of financial accounting in theory and practice, this module prepares you for the later years of your degree studies in Business Management and Accounting and Finance. It will also give you an understanding of financial accounting procedures and their importance in monitoring progress and profitability to run a business effectively.
Familiarising you with the UK economy and government policy, this module also introduces key macroeconomic indicators, including GDP per capita, price indices and balance of payments. You’ll learn about fiscal and monetary policy aims, the desire for growth and the relationship between policy and rates of inflation, deflation and unemployment. National goals are viewed in the context of broader groupings such as the EU, and the impact of the development of a global market.
In this module, you’ll receive a basic introduction to the study of business and management. You’ll learn the different types of businesses and organisations, as well as how to finance a start-up. The module also illustrates different approaches to management and explains decision-making processes. It will give you an appreciation of the current business context and the challenges facing managers today.
Mathematics for Business and the Social Sciences
In this module, you will learn the maths skills expected of you at degree level. It covers essential mathematical language, notation, conventions and units, as well as developing your algebraic skills and introducing you to basic statistical concepts, topics and methods.
Providing a basic introduction to the study of Microeconomics, this module introduces relevant theories, concepts and terminology as well as explaining key topics such as demand and supply, the economic problem and the allocation of scarce resources. You will look at different models and the importance of economic decision-making, the effects of government intervention and theories around elasticity, specialisation, productivity, economies of scale, public goods, merit and demerit goods, and monopoly.