Business and Management Studies

Business and Management Studies

An International Foundation Year in Business and Management Studies leads to a choice of degrees at Lancaster University Management School (LUMS) – one of the top 100 business schools in the world. To prepare for your degree, you will study subject modules and core English language modules. Degree options include Accounting, Business Studies, and International Business Management.

You will learn how businesses operate, and how to prepare and interpret financial accounts. Other areas of study include economic policies, and international trade. Throughout the course, you will develop analysis and evaluation skills, and apply your knowledge to real-world situations.

Core modules focus on your English language and university-level study skills. At the end of the programme you will feel confident in taking notes, writing essays, giving presentations, and contributing to discussions. 

Study areas include:


Academic English Skills*

  • develop your English communication skills
  • presenting and seminar preparation
  • time management and organisational skills
  • meeting deadlines and responding to feedback

Project and research skills

  • a self-study project related to your undergraduate degree
  • completed over two terms.

*Subject to approval

Subject modules that relate to Business and Management give you the academic knowledge and confidence you need to progress to your chosen degree.

Study areas include:



Core Mathematics

  • Algebra
  • Statistics
  • Understanding mathematical terms and techniques
  • Problem solving in real-life situations

Business Studies 1 & 2

  • Business set up
  • Leadership
  • Management
  • Marketing and operations
  • Operational and strategic challenges

Economics 1 & 2

  • Economic systems, economic policies
  • Types of goods, types of market
  • Allocation of resources
  • Price controls; Cost and revenue
  • Economies of scale; Market failure
  • Aggregate demand; Aggregate supply
  • Inflation, Unemployment
  • International trade; Development economics

Introduction to Financial Accounting

  • Double entry bookkeeping
  • Preparing financial statements
  • Preparing trial balances
  • Profit and loss statements
  • Depreciation
  • Limited companies
  • Interpreting accounts

Progressing to your degree

You will progress to your chosen degree when you have completed your Foundation Year and achieved the grades you need.

Lancaster University Management School (LUMS)


LUMS is one of the top ten business schools in the UK, and one of the top 100 in the world. It is one of only a few business schools in the world to hold triple accreditation from AACSB, EQUIS and AMBA.


Degree options


At Lancaster, you can choose between more than 45 different degree options within LUMS. Your degree options include Management studies, Accounting and Economics, and International Business Management.

To see all degree options, visit our progression degrees page.

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Key facts

Course length

Three terms

Entry points

October and January

Visit our term dates page for specific dates.

Entry requirements

Visit our entry requirements page to learn more.

Top rankings

3rd in Accounting and Finance
4th in Business Studies

The Times and The Sunday Times Good University Guide 2018

Download now

Our prospectus is available now.