Business and Management
The International Foundation Year in Business and Management Studies provides a route to a number of undergraduate degrees at the prestigious Lancaster University Management School (LUMS). LUMS is typically ranked in the UK’s top ten and among the world’s top 100 business schools.
What will I study?
During Foundation Year, you will study a combination of core modules, including English Language and university study skills, and subject specific modules.
English and Skills for University Study (ESUS 1, 2 & 3)
You will develop your English communication skills and learn a range of study skills, including writing and reading strategies, presentation and seminar participation, organisation of time and materials, meeting deadlines and responding to feedback.
When you have completed these modules you will be able to take notes and write essays in English. You should also have the confidence to five presentations, answer follow-up questions and contribute to seminar discussions.
Project and Research Skills
You will complete a self-study project on a topic that you will relate, in consultation with your tutor, to the academic subject that you will subsequently study at degree level. This is completed over two terms.
Subject specific modules
This module contains both algebra and statistics. You will develop your knowledge and understanding of mathematical terms and techniques and apply these to solving problems, frequently drawn from practical and real-life situations.
Business Studies 1 and 2
You will gain an understanding of both the operational and strategic problems facing the business enterprise in the modern market economy.
You will consider the practical aspects of setting up, establishing and running a business and look at the external influences that could have a major impact on the business’ success.
Economics 1 and 2
You will study economic systems, types of goods, allocation of resources, elasticity, price controls, types of markets, cost and revenue, economies of scale and market failure.
You will look at aggregate demand and aggregate supply, economic policies, inflation, unemployment, international trade and development economics.
Introduction to Financial Accountancy
You will learn about double entry bookkeeping, preparation of trial balances, profit and loss statements, depreciation, limited companies, manufacturing accounts and interpretation of accounts.