# International Year One in Economics

**Source**: https://usic.sheffield.ac.uk/programmes/international-year-one/economics
**Parent**: https://usic.sheffield.ac.uk/programmes/international-year-one

Establish a solid foundation in economics, gaining the analytical expertise and essential skills for success in your journey.

## Progress to a degree at the University of Sheffield’s School of Economics

The International Year one in Economics will give you all the support and guidance you need to start your second year of your chosen undergraduate degree at the University of Sheffield’s School of Economics.

### Who is the programme for?

- Ambitious international students seeking a high quality education at a globally recognised, high-ranking university.
- Curious and driven students who have a passion for economics and a drive to understand how economies function.
- Learners who enjoy critical thinking and data analysis and want to explore real-world economic challenges through practical learning.

### What you will study

This two-semester programme will provide a confidence start to your second undergraduate degree at University Sheffield. Developed in collaboration with the University, the modules are aligned to your field of study. You will also study dedicated English language content to strengthen your speaking, writing and academic language skills, ensuring you are well-prepared for your undergraduate degree in economics.

## Modules

### Core modules

Academic English Skills

The Academic English Skills course teaches students the specific academic language skills they need to develop for success at University of Sheffield. The course focuses on the receptive (listening and reading) and productive (speaking and writing) skills through practice in semi and authentic task-based activities which build a strong foundation in preparation for each student's future studies. This critical module places particular emphasis on developing academic reading and research skills; research-based writing along with presentation and seminar speaking skills.

Mathematical Methods for Economics

This module aims to equip students with foundational mathematical tools and techniques essential for analysing and solving problems in economics and finance. Students will explore topics such as sequences, series, differentiation, and integration, with practical applications to financial modelling and economic analysis. By integrating concepts like optimization, constrained decision-making, and matrix algebra, the module develops a comprehensive skill set for quantitative reasoning and informed decision-making in complex economic and financial contexts.

Principles of Macroeconomics

This module explores how economies function and interact on a national and global scale. It examines the factors that influence economic performance, the role of government policies in managing economic stability, and the challenges of inflation, unemployment, and growth. Students will develop critical thinking and analytical skills by evaluating economic trends, policy decisions, and their broader social and financial implications. Through real-world applications, this module builds a foundation for understanding the complexities of macroeconomic decision-making and its impact on businesses and society.

Principles of Microeconomics

This module provides students with a fundamental understanding of microeconomic principles, focusing on how individuals and firms make decisions in different market conditions. It explores the mechanisms that drive economic choices, the allocation of resources, and the impact of government policies on markets and welfare. Students will develop analytical and problem-solving skills by applying economic theories to real-world scenarios, fostering a critical understanding of economic behaviour and its implications for businesses and society.

### Pathway modules (related to your degree choice)

The modules you will study depend on what subject you are planning to study at the University of Sheffield:

Accounting and Economics (A&E)

- Foundations in Financial Management
- Introduction to Financial Accounting
- Introduction to Management Accounting

Business Management and Economics (BM&E)

- Business Management in Context
- Economics and Human Behaviour Contexts in Business
- Management Themes and Perspectives

Economics (E)

- Foundations in Financial Management
- Professional Self Management
- Statistical Methods for Economics

### Pathway module descriptions

Business Management in Context

This module develops students' awareness of the importance of understanding the social context within which businesses and managers operate. By critically exploring contemporary issues, it challenges students to rethink traditional business practices and examine the role of organisations in shaping a more responsible and sustainable society. The module highlights the significance of socially responsible work practices, ethical decision-making, and the evolving expectations placed on businesses by stakeholders. Through real-world case studies and theoretical perspectives, students will critically assess how businesses respond to social, political, and economic challenges in a globalised world.

Economics and Human Behaviour Contexts in Business

This module provides students with a foundational understanding of business economics and organisational behaviour, focusing on their relevance to contemporary businesses and society. It introduces diverse economic perspectives, encouraging critical engagement with mainstream and alternative approaches to economic analysis.  It explores key psychological and behavioural concepts that shape individual and group behaviour in the workplace, equipping students with analytical tools to assess organisational dynamics and decision-making.

Foundations in Financial Management

This module is designed to establish a strong foundation in financial management, equipping students with essential skills and knowledge for effective financial decision-making. It explores core financial concepts, techniques, and methodologies while introducing key principles, theories, and calculations critical to the field. The module also integrates contemporary topics such as sustainability, corporate governance, and risk management, ensuring students are prepared to tackle the complexities of financial management in evolving business landscapes. Furthermore, it aligns with the foundational syllabus of professional accounting bodies, providing a solid platform for progression to advanced modules and professional certifications.

Introduction to Financial Accounting

Financial Accounting is concerned with how a business records and summarises financial transactions in financial statements. This module provides students with a foundational understanding of the construction of financial statements, the key accounting principles underpinning them, and their role in business decision-making. Students will develop practical skills in preparing financial statements, interpreting financial data, and understanding the limitations of financial reporting. The module also introduces the regulatory framework, including IFRS, and ethical considerations in financial accounting.

Introduction to Management Accounting

This module aims to establish a firm understanding of the fundamental techniques of management accounting. It introduces students to the key roles of a management accountant, including attention-directing, score-keeping, and problem-solving. The module explores the application of management accounting techniques in planning, decision-making, and performance evaluation, ensuring students develop a critical awareness of how accounting techniques vary based on organisational objectives and operational needs.

Management Themes and Perspectives

This module introduces students to key management disciplines, including marketing, sustainability, operations management, and strategic management. It provides foundational knowledge and practical insights into how businesses operate in a dynamic and competitive environment. Students will critically engage with management theories, analytical tools, and decision-making processes relevant to contemporary business challenges.

Professional Self Management

This module provides a structured and supportive framework for students to reflect on their learning, performance, and achievements while planning for their personal, academic, and career development. It ensures that students are well-prepared to maximise their academic experience and are equipped to continue their development throughout and beyond their studies.

Statistical Methods for Economics

This module aims to develop students’ understanding of core statistical concepts and methods, including probability, hypothesis testing, and regression analysis. Emphasising both theoretical foundations and practical applications, the module equips students with the skills to analyse and interpret data, assess model performance, and apply statistical techniques to solve complex problems across diverse contexts.

## Why study economics at the University of Sheffield?

- The School of Economics have a strong emphasis on data analysis, where you will learn to analyse real data using software including Excel and Stata. You’ll gain independent research skills that are highly valued by employers in your final year dissertation.
- Get involved in the Sheffield Economics Employability Development (SEED) scheme which is a series of careers events and opportunities to develop your skills for employment.
- The University staff advise government departments in the UK such as the Department for Work and Pensions, the Department for Education, as well as advisory bodies. Their research helps shape government policies and aims to improve people's lives.
- Home to Europe's largest student run investment fund, the University of Sheffield Investment Society (USIS) provides opportunities to help members succeed in the job market.
- Economics graduates become professional economists in government, industry or the city. Others enter related professions - banking, insurance, accountancy, retail management. Recent graduates are now working for sales and marketing, and M the Bank of England, HM Treasury, the European Parliament, PwC, Deloitte, IBand Rolls Royce. Some prefer to advance their knowledge by studying economics at postgraduate level.

### Key facts

**Course length:** 2 semesters

**Entry points:** November 2025 (Enhanced Induction), January 2026 or September 2026\*

**Age on entry:** 17+

**Entry requirements:** [Check academic and English language entry requirements](https://usic.sheffield.ac.uk/how-to-apply/entry-requirements)

**Fees:** [Check fees for your programme](https://usic.sheffield.ac.uk/how-to-apply/fees)

\*From 2027, the International Year One Economics will have a single entry point in September.

### 94%

of economics students who graduated in 2020 were in employment or further study 15 months after leaving university

2020-21 Graduate Outcomes Survey, UK undergraduates

### School of Economics ranked 1st

in the Russell Group for learning opportunities, academic support and student voice

(National Student Survey 2024)

## Progress to your degree

You will receive regular feedback on your progress throughout your course so you know you’re on the right track. And our [progression support team](https://usic.sheffield.ac.uk/international-college/student-support/progression-advice) is available to support you throughout your studies.

Once you complete your International Year One in Economics and achieve the required grades, you can enter into the second year of an undergraduate degree at the University of Sheffield.

| Degree Programme Name | Award | Overall Grade | English Grade |
| --- | --- | --- | --- |
| Accounting and Financial Management and Economics BA (Hons) | BA (Hons) | 60% | 65% overall with no less than 55% in each skill |
| Business Management and Economics BA (Hons) | BA (Hons) | 60% | 65% overall with no less than 55% in each skill |
| Economics BA | BA (Hons) | 60% | 65% overall with no less than 55% in each skill |
| Economics BSc | BSc (Hons) | 60% | 65% overall with no less than 55% in each skill |
| Economics with Finance BSc (Hons) | BSc (Hons) | 60% | 65% overall with no less than 55% in each skill |

[### How to apply

Ready to apply? Discover how to submit an application and learn more about fees, semester dates and entry requirements.](https://usic.sheffield.ac.uk/how-to-apply)

[### Entry requirements

Find out the academic and English language entry requirements for your chosen programme at the International College.](https://usic.sheffield.ac.uk/how-to-apply/entry-requirements)

[### English language courses

Our English language preparation courses will help you develop your English language skills to the level required to begin your chosen pathway programme.](https://usic.sheffield.ac.uk/programmes/pre-courses/english-language-courses)

### Ready to join us?

Our student enrolment advisors are here to help with your application and answer any questions you have about studying with us.

- [Apply now](https://usic.sheffield.ac.uk/apply-now/apply-form)
- [Enquire now](https://usic.sheffield.ac.uk/contact-us)