England
Where do you live?
What you will study
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give you the knowledge, skills, tools and confidence to manage your money well -
provide an introduction to the social sciences, especially economics, relating them to the real world in which we live -
gently build and practise your study and employability skills as a strong foundation for your further studies at the OU and in life beyond.
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Setting the context. An introduction to the module themes. This includes some major world trends, such as ageing populations and the march of technology, which are changing the demands on our money. You’ll look at the behavioural traits we all have that influence how we interact with our finances, firms and each other. -
Income. What influences pay, including worker power and gender issues. How the tax and benefits system affects your income and can be used to relieve poverty and reduce inequality. The way income flows between the different sectors of the economy. -
Expenditure. Why we spend on what we do, from rational choices about meeting our needs to the social factors and marketing influences that work on our more subtle desires for belonging or displaying our worth. In small teams with your fellow students, you’ll explore the world of symbolic advertising. Using cash-flow and budgeting to control your household’s spending. -
Debt. Understanding the good as well as the not-so-good side of debt. How to identify the best ways to borrow and be aware of hidden costs. Using a household balance sheet to check whether you are vulnerable to debt problems. -
Savings and investments. Why low-risk products promising amazing returns simply don’t exist. Choosing the right products for different types of goals. Navigating the risk-return trade-off with strategies for managing stock-market risk. Why saving matters to you and the economy. -
Housing. How in many countries, homes are more than just a place to live and may be driving a wedge between younger and older generations. Using the economic model of supply and demand, you’ll explore what influences house prices and analyse different solutions to making homes affordable. -
Insurance. The role of insurance in building your financial resilience – your ability to withstand and recover from shocks and life events. The principle of risk-sharing and how it is being undermined by Big Data and other technological changes. -
Pensions. The implications for you personally and society as a whole of saving for a pension and the ageing population. How saving for the long-term means battling our behavioural traits. The way different pensions work and what that means for the choices you make and the risks you run. -
Caring and sharing. The short-term and long-term consequences of decisions about having a family and the social norms that surround unpaid work. The choices households and society face about caring for older people. -
Personal finance in context. What does it mean to be ‘financially capable’? What are the options for society if all individuals and households are to enjoy at least a minimum level of well-being?
Teaching and assessment
Support from your tutor
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marking your assignments and offering detailed feedback to help you improve -
providing individual guidance, whether that’s for general study skills or specific module content -
guiding you to additional learning resources -
facilitating online discussions between your fellow students in the dedicated forums.
Assessment
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3 Tutor-marked assignments (TMAs) -
End-of-module assessment
What's included
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a welcome forum at the start of the module -
a week-by-week study planner -
module materials -
cluster forum where you can communicate with your tutor -
interactive tools used in your study that can help manage your money -
audio and video content -
assessment guide -
online tutorials and forums.
You will need
Qualifications
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Certificate of Higher Education in Business and Economics (T57) -
Certificate of Higher Education in Economics and Personal Finance (T36) -
Diploma of Higher Education in Business and Economics (W98) -
Diploma of Higher Education in Economics (W71) -
BA (Honours) Business and Economics (R75) -
BA (Honours) Economics (R30)
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Certificate of Higher Education in Business Management (T27) -
Certificate of Higher Education in Mathematical Sciences (T14) -
Certificate of Higher Education Open (T09) -
Diploma of Higher Education in Business Management (W51) -
Diploma of Higher Education in Marketing and Business Management (W21) -
Diploma of Higher Education in Mathematical Sciences (W43) -
Diploma of Higher Education in Social Sciences (W68) -
Diploma of Higher Education Open (W34) -
BA (Honours) Business Management (Q91) -
BA (Honours) Marketing and Business Management (R84) -
BA (Honours) Politics, Philosophy and Economics (Q45) -
BA (Honours) Social Sciences (R23) -
BA/BSc (Honours) Open degree (QD) -
BSc (Honours) Combined STEM (R28) -
BSc (Honours) Economics and Mathematical Sciences (Q15) -
BSc (Honours) Mathematics (Q31) -
BSc (Honours) Mathematics and its Learning (Q46) -
BSc (Honours) Mathematics and Statistics (Q36)
Future availability
Regulations
Entry requirements
Computing requirements
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Primary device – A desktop or laptop computer with at least 8 GB of RAM and a quad-core processor (2.4 GHz minimum speed). It’s possible to access some materials on a mobile phone, tablet or Chromebook; however, they will not be suitable as your primary device. -
Peripheral device – Headphones/earphones with a built-in microphone for online tutorials. -
Operating systems – Windows 11 or the latest supported macOS. -
Internet access – Broadband or mobile connection. -
Browser – Google Chrome and Microsoft Edge are recommended; Mozilla Firefox and Safari may be suitable. -
Our OU Study app operates on supported versions of Android and iOS. -
Software – Any additional software will be provided or is generally available for free.
If you have a disability
Course fee
| Start | End | Register by | England fee |
|---|---|---|---|
| 03 Oct 2026 | 30 Jun 2027 | 10 Sep 2026 | £2,044 |
| 30 Jan 2027 | 30 Sep 2027 | 07 Jan 2027 | £2,044 |
Additional costs
Study costs
Ways to pay
Tuition Fee Loan
Open University Student Budget Account
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Register now, pay later – OUSBA pays your module fee direct to the OU. You then repay OUSBA interest-free and in full just before your module starts. 0% APR representative. This option could give you the extra time you may need to secure the funding to repay OUSBA. -
Pay by instalments – OUSBA calculates your monthly fee and number of instalments based on the cost of the module you are studying. APR 5.1% representative.
Employer sponsorship
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Your employer just needs to complete a simple form to confirm how much they will be paying and we will invoice them. -
You won’t need to get your employer to complete the form until after you’ve chosen your module.
