UNIVERSITY OF MANCHESTER MANCHESTER BUSINESS SCHOOL REGULATIONS FOR UNDERGRADUATE AWARDS

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1 UNIVERSITY OF MANCHESTER MANCHESTER BUSINESS SCHOOL REGULATIONS FOR UNDERGRADUATE AWARDS The University Undergraduate Degree Regulations apply to all full-time undergraduate students registered prior to September Variations to the University Undergraduate Degree Regulations have been approved, in accordance with University policy, in order to incorporate requirements specific to individual degree programmes. It is your responsibility to familiarise yourself with the full Degree Regulations and the information given below which relates to your own programme. The full Degree Regulations are available via: eaching/degreeregulations/ Please note that the number indicated in italics at the end of each section below refers to the corresponding section in the full Degree Regulations. BA/BSc (HONOURS) IN INTERNATIONAL BUSINESS, FINANCE AND ECONOMICS PROGRESSION 1. The minimum overall pass mark will be 40% to progress from one year of a programme for the Degree of Bachelor to the next. (22) 2. To progress from one year of the BA/BSc (Hons) in International Business, Finance and Economics programme to the next, a student must reach the minimum pass mark overall (40%); and 100 credits of the 120 credits for that year; and reach the pass mark (40%) in all designated core course units*; and reach the compensatable fail mark (30%) in all remaining course units (a maximum of 20 credits). (23) *This applies at the July Board. At the resit Board it will be the norm but the Board may use discretion in exceptional cases. Designated Core Course Units are currently: First Year BMAN / 10522(M) Financial Decision Making; BMAN10770 Financial and Digital Innovations in International 1

2 Business; and ECON Microeconomic Principles & ECON Macroeconomic Principles; or ECON The UK Economy - Microeconomics & ECON The UK Economy - Macroeconomics; and ECON Introductory Mathematics & ECON Introductory Statistics; or ECON Further Mathematics & ECON Statistics for Economists; or ECON Advanced Mathematics & ECON Advanced Statistics Second Year BMAN Foundations of Finance BMAN International Business Strategy: Context, Concepts and Skills ECON Managerial Economics I N.B. In addition to the above, students will normally not be allowed to register for an elective course unit in Years 2 and 3 if they have obtained a mark of less than 40% in the prerequisite for that course unit, even if they have been permitted to progress in the degree. 3. A student who fails to progress to Year 2 or Year 3 of the BA/BSc (Hons) in International Business, Finance and Economics programme will be reassessed in all course units for which the course unit pass mark (40%) was not attained. Such reassessment must be designed to assess achievement of the same intended learning outcomes but need not be of the same form as that originally used. It will normally take place in time for the student to progress at the time originally intended. In order to progress, a student will be required to pass each course unit reassessed. The student will then be deemed to have obtained the credits necessary for progression. However, the marks originally obtained will be used to calculate the end of year overall average mark. Normal compensation rules apply to resit examinations except in the case of designated core course units which normally must be passed at 40% or above (see Section 2 above). (24) 4. A student who fails after reassessment (and application of normal compensation rules) in August to progress to a subsequent year of the BA/BSc (Hons) in International Business, Finance and Economics programme but has satisfied the criteria for progression to a subsequent year of the BA/BSc in International Business, Finance and Economics Ordinary degree, will progress to the Ordinary programme except as allowed under Section 5 below. To progress to a subsequent year of the BA/BSc in International Business, Finance and Economics Ordinary programme, a student must: 2

3 reach the minimum pass mark overall (40%) in course units totalling 100 credits; and 80 credits; and reach the pass mark (40%) in all designated core course units (see Section 2 above); and reach the compensatable fail mark (30%) in all remaining course units (a maximum of 20 credits). (23, 27 and 30) The Board will normally not offer transfer to an Ordinary programme where a student has been absent from the resit examination(s) without good reason (i.e., without strong medical or other mitigating circumstances) or otherwise put no effort into passing the resit examination(s). 5. A student who fails to progress to a subsequent year of the BA/BSc (Hons) in International Business, Finance and Economics programme, having failed after reassessment to reach the compensatable mark of 30% in course units totalling no more than 20 credits, may be allowed by the Board of Examiners to progress to the next year taking additional course unit(s) of the same credit value and at the same credit as the failed course unit(s), in addition to the full set of course units (120 credits) for that year. To complete that year successfully, the student must satisfy the usual criteria for the year and reach the course unit pass mark for the additional credits. Depending on the Programme, there may be a requirement that the student retakes the same course unit that was failed, in which case the student must pass it at the first attempt. A student who satisfies the criteria for the year but fails to pass the additional credits will be treated as having completed successfully that year of the programme for the BA/BSc in International Business, Finance and Economics Ordinary degree. (28) The procedure outlined in Section 5 will normally not be applicable where a student has failed the designated core course unit(s) and will not be applicable where a student has been absent from the resit examination(s) without good reason (i.e., without strong medical or other mitigating circumstances) or otherwise put no effort into passing the resit examination(s). As it is only permissible to attempt an examination on a maximum of three occasions, students who fail to reach the pass mark in any course units carried forward under the procedure outlined in Section 5 will not be permitted to resit those course units again except under special circumstances. 3

4 6. A student who fails to progress to Year 2 of the BA/BSc (Hons) in International Business, Finance and Economics programme after reassessment in August may be allowed by the Board of Examiners to re-start Year 1 of that or a cognate programme.* Normally, this will only be permitted under special circumstances. (29) * i.e. to repeat Year 1 in attendance. The Board of Examiners may decide that a student should be permitted a third attempt to be reassessed in the following academic year ie repeat without attendance. As it is only permissible to attempt an examination on a maximum of three occasions, students who are permitted to repeat the year (either in or without attendance) and fail to progress at the July Examination Board will not be permitted to resit failed course units again except under special circumstances. CLASSIFICATION 7. The Degree of Bachelor with Honours will normally be awarded in classes 1, 2i, 2ii and 3. (32) 8. The Board of Examiners may determine from evidence available to it that a candidate for an honours degree who has been prevented by good cause from completing the final examination or assessment will be awarded a class of degree the Board judges to be suitable, or unclassified honours if the Board judges that no class can be determined. (33) 9. A candidate for any award who fails to satisfy the requirements for the intended award but satisfies those for a lower award will be eligible for the lower award. The programme title of the lower award will normally be the same as that of the intended award, but an appropriate alternative programme title will be used: (i) when the student has not satisfied the credit requirements for one of two subjects studied in combination; or (ii) when at least part of the title of the degree is associated with a right to practise; or (iii) for other good cause. The Certificate of Higher Education or Diploma of Higher Education may be awarded without a programme title. (34) 10. The overall mark for a programme is a weighted average of the overall marks for different years of the programme. (35) 4

5 For the BA/BSc (Hons) in International Business, Finance and Economics programme, the weightings are: Year 1: Zero Year 2: 25% Year 3: 75% 11. Criteria for determining the final class (35 and 36) For the different classes the overall mark ranges are: for class 1, not less than 70.0%; for class 2i, less than 70.0% but not less than 60.0%; for class 2ii, less than 60.0% but not less than 50.0%; for class 3, less than 50.0% but not less than 40.0%. For class 1, 2i or 2ii, a student should: obtain an overall mark in the mark range required (see above); and 100 credits (five sixths) of the 120 credits required for the final year. For class 3, a student should: obtain an overall mark in the mark range required (see above); and 80 credits (four sixths) of the 120 credits required for the final year. A student who obtains an overall mark in the range for that class but obtains less than the specified fraction of the credits for the final year with a mark not less than 40.0% will be awarded the next lower class, or for class 3 will be considered under the criteria for the Ordinary degree in Section 13 below. 12. A student may be considered for the next higher class of degree than determined by Section 11 by the following: Method A (by mark distribution) For the different classes, the boundary zones are: for class 1, less than 70.0% but not less than 68.0%; for class 2i, less than 60.0% but not less than 58.0%; for class 2ii, less than 50.0% but not less than 48.0%; for class 3, less than 40.0% but not less than 38.0%. 5

6 For class 1, 2i or 2ii, a student should: obtain an overall mark in the boundary zone for that class (see above); and 100 credits (five sixths) of the 120 credits required for the final year; and obtain at least 80 credits (four sixths) of the 120 credits for the final year in or above the mark range required for that class (see Section 11 above). For class 3, a student should: obtain an overall mark in the boundary zone for that class (see above); and obtain at least 80 credits (four sixths) of the 120 credits for the final year in or above the mark range required for that class (see Section 11 above). Under very exceptional circumstances, the Faculty of Humanities will employ Method B (by mark review); please refer to the full Degree Regulations for details. (37) 13. The BA/BSc in International Business, Finance and Economics Ordinary degree will be awarded to a student who, at the end of the BA/BSc in International Business, Finance and Economics honours programme, obtains an overall mark of not less than 40%, averaged over final-year course units totalling 60 credits, and obtains at least half of those credits with a mark of not less than 40%. (38) Dr Ilias Petrounias Director of Undergraduate Studies November

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