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Online pre-study modules

Online pre-study modules

Before the programme begins you will be expected to complete some online pre-study modules which are delivered through The Hub, Imperial College Business School’s virtual learning environment. 

These modules will be available to students who have accepted an offer of admission from July onwards, and are designed to give you a basic knowledge of areas which will be covered by the programme throughout the academic year.

Accounting Primer

This module is designed to serve as preparation for the accounting topics you will typically encounter on your degree programme. Accounting is divided into two areas, financial accounting which involves preparing financial information for users external to the organisation and management accounting which involves preparing financial information for the users within the organisation. This module will look at both areas.

Data Tools and Evidence Primer

Strategy and Economics, in particular, rely on the analysis of data and this introductory online module develops the quantitative methods that underpin the testing of theories and the forecasting of the future. The module is designed to provide the essential statistics and mathematics background for the quantitative aspects of the various modules. This is a compulsory, assessed module.

Career Primer

Complete the first stage of your career journey whilst at the Business School: the careers pre-course work. This online module will take you through the process of identifying what career might be right for you and ensure you are best placed to start working with the careers team as soon as you start the programme.

Note: you will not be able to access Imperial College Business School Careers until you have completed this course.

Maths Primer

Most decisions in economics, as well as general business, often rely on various quantitative analyses. Such analyses are also heavily used across various modules of the programme. This introductory online module complements the DTE and Strategy primer modules, by helping students to refresh and expand key math skills that they have normally encountered in their earlier studies – in particular calculus, linear algebra, graphical analysis (typically used in economics) and the basics of optimization techniques.

Plagiarism Awareness

In this short module, we will explain the key academic issues relating to deliberate and accidental plagiarism including what it is, the different types of plagiarism and the notion of academic integrity, as well as providing advice on how to avoid plagiarism in your work. You are required to complete and pass the online plagiarism awareness test before the start of the autumn term.

Strategy Primer

Strategic Management is the process of setting long-term direction for the organisation. It is concerned with how an organisation prepares for the future, its overall strategy and how the strategy is formulated and deployed. In this online module, we will develop a basic understanding of the strategy process and explore the fundamentals of strategic analysis. This is a compulsory module but will not be assessed.

Study Skills

These optional interactive courses provide practical advice on working in groups, delivering presentations, and time management. They contain videos of recent students describing their experiences of studying at the Business School, some of the challenges they faced, and suggestions on how to overcome these.

An English Language Development section is also available for non-native speakers of English who wish to practice their skills and develop subject-specific vocabulary. You can upload your writing for detailed feedback from a language tutor.

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Core modules - MSc Economics & Strategy for Business

Core modules

MSc Economics & Strategy for Business will teach you to combine the rigour of analytical thinking with a strategic focus.

The ESB core modules cover essential knowledge in finance, strategy and economics in the Autumn term, building up to more applied modules in the Spring term.

Advanced Macroeconomics

Business planning requires a proper understanding of macroeconomic forces. These forces include not only domestic developments and government policies but also the impact of international forces in an increasingly interconnected world. The aim of this module is to develop the framework and tools of analysis needed to explain how the level of macroeconomic activity is determined and why macroeconomic conditions change over time.

Analytics for Applied Economics and Business

This module discusses key empirical issues and methods used for data analysis in applied economics and business. The module will not only discuss the use of these methods and their applications in business, but ensure that you properly understand the interpretation of the results and their implications for business decisions. You will also have the opportunity to obtain basic programming skills in widely used statistical software.

Business Economics

This module explores the way in which businesses respond to market incentives and the consequences for market behaviour, the nature and role of competition, and the role of innovation. It shows how firms can create and overcome barriers to entry, how advertising can expand the size of their market and how firms at different stages of the value chain interact. Techniques for increasing revenues are also discussed.

Corporate Finance

This module develops the theory of finance and the theory of regulation, and further explores how managers can utilise both financial markets and financial instruments to mitigate the risks that they face and the management of the regulatory regimes in which they may find themselves operating.

Corporate Strategy

Corporate strategy is concerned with a firm’s scope, determining which businesses and activities to include within the boundaries of the firm. Our focus is on the challenge of managing and co-ordinating these different businesses and activities to achieve the overall goals of the firm.

Digital Economics and Digital Strategy

The digital revolution, including the internet, is transforming business and consumer behaviour. This module will consider the economics of digitisation including industry dynamics, the impact on market structure, and network effects. From a strategic perspective, the module will focus on how digital technologies can be harnessed for competitive advantage.

Economics of Public Policy

In this module we use the tools of economic analysis to understand the role of state in economic activity. We will explore market failures and other reasons for public policy interventions, common forms of intervention, the effects of public policy on economic outcomes, and the political economy of policy formation. We will analyse topics relevant to today’s public, policy debates, including but not limited to taxation, health, public safety, social welfare policy, education, energy and the environment, and income inequality.

Economics and Strategy for Innovation

Careful strategic planning is needed in order to ensure that firms successfully negotiate the shifting technological landscapes in which they operate. At the same time, they must drive change themselves through the effective management of innovation. In this module, the strategic management of technological change and of innovation will be considered. A range of strategic and economic tools and frameworks for managing these critical issues will be presented.

Global Business

This module explores strategy within a global context. It explores the differences between international strategy and global strategy with an examination of the macro and micro drivers of globalisation. Our focus is on the impact of globalisation, taking account of the strategic implications for organisations as well as the economic consequences at national level for governments.

Risk Management

This module explores how organisations are run and how their financing decisions affect their governance and profitability. When managers are not the owners of a business, they may have incentives to act in ways which are unhelpful for shareholders. Corporate governance describes the systems used to limit these kinds of behaviours. The module also examines the ways in which companies are financed, and show how this can not only affect profitability but also create incentives to engage in activities such as mergers and acquisitions.

Imperial College Business School reserves the right to alter modules whenever they need to be amended or improved. Faculty may also change as and when required.

So far, my favourite module has been Corporate Strategy taught by Dr Dmitry Sharapov. The case studies and lectures in this module have been engaging and practical. Although there are a lot of readings, I found myself immersed in many of them. As I read and discussed the business case studies in class, I found myself thinking outside the box, thinking strategically (as the name implies), thinking more deeply about business ideas and finding more efficient ways of doing things in the corporate world.
MSc Economics & Strategy for Business 2021
Hassana Jafiya - MSc Economics & Strategy for Business