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.
Academic English Skills
Academic English Skills aims to provide you with thorough training in the language and related academic skills which will enable you to best achieve your academic potential at University. These skills include the processes of academic writing, effective and extensive reading strategies, effective participation in seminars and delivery of presentations, and listening to and recording information effectively from lectures. You will also develop the accuracy and range of written and spoken language required to use language effectively and appropriately, with clarity and confidence in an academic context.
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.