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Students on campus, Nottingham University
University of Nottingham
Nottingham
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Reply 1
Anything about them? Like what aspects did you want to know about?

I know plenty about FAM but not too much about Industrial Economics as there are very few people who take it! FAM tends to be, roughly, split up into 2modules for each Finance, Accounting and Management, but in reality, and with the introduction of optional modules, you could in theory choose to specialise in just one of these areas. Over the year you take 120credits in modules, the same as any other UniofNottingham degree, and these are often spread over 12modules on the FAM degree. It's all taught on Jubilee as part of the Business School, except from one first year module in which you have to go to the History dept. on UniPark but that's only one twelth of the year, so. In the first year of any business school degree there tends to be much emphasis on group projects and this tends to carry on into the second year too - but optional modules can avoid much of this in the second year on a Management degree, but with FAM many of the core modules carry a group project aspect. With FAM you have very good industry links, although most of these links will cross over to the Industrial Economics people too so this is not solely a point for FAM - as you can probably tell it's very dificult to give any knowledge on them when I don't know what it is that you want to know!

Take a look here for the uni's official page on the FAM degree and Industrial Economics degree. Having just had a quick look at them, they are very similar in the first year, the second year of the Industrial Economics degree seems to be a variation on the Management Studies second year degree and then it is in the third year when they change.
Students on campus, Nottingham University
University of Nottingham
Nottingham
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Reply 2
Well if you're to take the FAM degree for its economics then you won't find much more than the basics. Those that had done A level Economics said that the first year is basically the same as A level and the second year just moves on slightly, building upon that of the first, but not greatly. Although those in second year, FAM, are saying that the econometrics is more difficult than anything that they've had to do in econ before, so.. As I'm yet to go into the third year, I do not know what it will be like by then, but.. As you will have seen from the links, IndEcon is basically the same in the first year and then the same as FAM for the first semester and tails off onto: Economics of Organisation and Economics of Innovation - the latter may are taking as an optional from the Management Studies degree, so it cannot be too difficult. At the end of the day, I suppose it is fair to say that you would be taking a degree from the Business School and not the School of Economics and therefore it is going to be more simplified and simply not just Economics. I'd personally say that Economics offers Economics straight and the Business School offers a sort of Applied Economics from a business perspective, but this view will obviously differ from person to person. With regard to employability upon graduation, I would say that it is good. There is plenty of opportunity to get internships and whatever in your the summer before your final year and also much work experience. There is a fairly well established: Employer Programme that offers talks from the major recruiters where they give you hints and tips on how to get into the business - plus lots of freebies!! As the companies come onto campus, it shows that they are more than willing to accept Nottingham graduates and also as we have some dedicated positions to us: Boots for instance have some set internships that are only filled with Nottingham graduates, then this shows that the degree is worth it.

Hope that helps, if not, ask any more questions you want.

Apologies for not knowing much about the IndEcon degree, there are not many people doing it, roughly the same as those for MgmtW.French so minute numbers in comparison to the Management Studies and FAM degrees!
Reply 3
Sorry about the lack of response last night, was at work! And no worries about the help :smile:

I was exactly the same as you, no maths A level but one in business and many unis require maths as a requirement - however, these tend to be on those courses that are more qualtitative than qualitative and so it's probably worked out for the best for me really as I'm really not keen on maths! However, you can always opt to make your degree more qualitative by taking more mathsy modules and also mixing in more economics should you prefer. I like the qualitative management modules so this aspect of the course is fine for me, it is the quantitative ones that I don't like!

If I could change me degree would I? Hm..this is a tough question as I had always wanted to do business and do want to continue into the city upon graduation, so in that respect no I wouldn't have changed my course, but maybe done: French with Business as to get the 60/40 split the other way, but it's fine. As I said before, I love the qualitative modules, marketing, organisational behaviour etc, but I'm not keen on the mathsy ones, such as economics, but each person is different in that respect. Having said this, I do think that it would be very difficult to have a management degree that was solely quantitative or qualitative as the two do, in many respects, compliment each other and I think that you'll find this in any management degree at most unis. Although, I would have loved to study two languages, so maybe mixed a bit of Spanish in there too.

In the first year most modules have a coursework element, which ranges from a simple individual essay, to a group project, to a group presentation (and some mix more than one of these elements in!) In the second year, on my course anyway, the amount of coursework has dropped significantly in favour of 100% module exams; but I do know some FAM people who have got lots of coursework on at the moment, so for FAM I don't think that the amount has dropped too significantly. Most set the coursework essays at the beginning of term and therefore you have the whole of a term to complete them normally - at least a month in most cases at the very least. However, with the lectures not being given for the coursework until the fourth week for example, this may prove it difficult to get started, but yes, generally there is enough time in which to do them. I think that most people naturally panic about coursework essays, especially at uni, but once you've had the lecture and done an adequate amount of extra reading, it tends to be fairly straight forward, which is why it's quite difficult to hit them firsts and be novel! Exams are exams at the end of the day, similar to any other exams you've probably sat.
Don't worry about the economics, you'll get plenty of economics in FAM. Plenty of optionals to choose from (even though FAM do not get many optionals comparatively).

I'm third year management but know a lot of FAM people because we were basically doing the same stuff in the first year and in the third year i'm hearing a lot of people seriously struggling to even get 2.1's. I know people that got averages of 75's in their 1st/2nd year struggling verry hard in the 3rd year... although I wouldn't admit it in real life, FAM is probably one of the hardest degrees in the business school if not the Uni (still management >> fam :biggrin:)
Multiplexed
Don't worry about the economics, you'll get plenty of economics in FAM. Plenty of optionals to choose from (even though FAM do not get many optionals comparatively).

I'm third year management but know a lot of FAM people because we were basically doing the same stuff in the first year and in the third year i'm hearing a lot of people seriously struggling to even get 2.1's. I know people that got averages of 75's in their 1st/2nd year struggling verry hard in the 3rd year... although I wouldn't admit it in real life, FAM is probably one of the hardest degrees in the business school if not the Uni (still management >> fam :biggrin:)


Haha, a bit of an overstatement. Pure economics is way harder - I know because I have looked at the FAM first year books and theyre a walk in the park compared to international economics etc :wink:
prospectivEEconomist
Haha, a bit of an overstatement. Pure economics is way harder - I know because I have looked at the FAM first year books and theyre a walk in the park compared to international economics etc :wink:


1st year for them is very easy, basic maths, basic eco, basic accounting and very basic computing and entrepreneurship modules but the third year gets a bit next level. They do the same level of econometrics as you do in your 2nd/3rd year on top of learning the accounting standards rules, derivatives and what not. I remember this semester a few of my third year eco friends picked up business school modules thinking it would be easy 10 credits with only 10 hours of lectures, oh how they regret it now lol

I still maintain management is better though :cool:

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