Introduction

The Department of Business Economics offers B.Sc. Business Administration (Business Economics) (Special) Degree. The total number of credit hours required for the graduation is 121 credits. During the common program (Year I) undergraduates earn 31 credits, and 30 credits each year during Year II, III and IV.  This is relevant for 4th-year students, 3rd-year students, and 2nd-year students in the department.

The previous major curriculum review of the Faculty of Management Studies and Commerce (FMSC) was performed in 2015. Since then, some minor changes have been carried out from time to time to the study programmes with the approval of the Faculty Board and the Senate. Taking into consideration the changes that have taken place within as well as outside the University and to meet the curriculum review cycle of five years, the reviewing of curriculum for 2021-2025 commenced. During the reviewing process, the FMSC Curriculum Review and Development Committee (CRDC) reviewed and developed the curriculum of each and every study programme in order to ensure the quality and relevance.

The Department of Business Economics is pleased to announce the introduction of a new degree program, which is the BSc Honors in Business Administration (Business Economics).The total number of credit hours required for graduation is 126 credits.

Total overall credits                126

Total credits for coursework     114

Total credits for research/independent study 06

Total credits for internship        06

Medium of Instructions

All lectures are conducted only in English medium during all four years of the degree program. However, the students can sit for examinations either on Sinhala or English upon their preference during Year I. 

Previous Curriculum

Programme Structure

(This is relevant for 4th-year students, 3rd-year students, and 2nd-year students in the department)

All undergraduates enrolled in the Faculty of Management Studies and Commerce, except for some exceptions in the case of the B.Com (Special), B.Sc. Estate Management and Valuation (Special) and B.Sc. Management (Public) (Special) degree programs are required to follow a common curriculum in management during Year I, before they are selected to the departments. This is intended to provide the core business knowledge by teaching basic concepts in all functional areas in business.

Undergraduates who are selected to the Department of Business Economics (from Year II onwards) also have followed this Management Common Programme.

The structure of the common program is depicted in Table 1.  

Table 1: B.Sc. Business Administration (Business Economics) (Special) Degree Programme Structure of Years I

Programme Structure 

(This is relevant for 4th-year students, 3rd-year students, and 2nd-year students in the department)

At the beginning of the second semester of Year III the students following this degree programme are required to select one specialization area out of the following two options.

1. Development Studies (DS)

This is an interdisciplinary study area which trains the students to understand the complex processes of economic development and to solve development problems. It deals with theoretical, empirical, as well as practical dimensions of economic development. The students who specialize in this area will be equipped with the skills of policy studies, policy making, analysis and evaluation. Additionally, this study programme offers many options at the postgraduate level for the students who are willing to engage in advanced studies. The employment opportunities are also numerous at many local and international institutions such as the Central Bank of Sri Lanka, World Bank, International Monetary Fund, Asian Development Bank and United Nations etc.

2. Banking (BNK)

This study area encompasses a range of disciplines in bank management, central banking, monetary policy analysis and financial system analysis etc. At the end of this study programme students should be able to gain the expertise to manage a firm mitigating the risks in the financial system. The specialized nature of this area makes the students able to hold the top level management positions at institutions specially in the banking and finance sector such as the Central Bank of Sri Lanka, Security and Exchange Commission, commercial banks and other financial institutions.

Depending on the selection of the specialization area, the core subjects of certain semesters would be different.

The structure for Years II to IV of B.Sc. Business Administration (Business Economics) (Special) degree programme is given in Table 2.

Table 2: B.Sc. Business Administration (Business Economics) (Special) Degree Programme Structure for Years II, III and IV

Year II – Semester I
Course Code Course Title Course Status Contact Hours Credit Hours
BEC 2340 Macroeconomics Core 45 3
FIN 2340 Financial Management Core 45 3
MAR 2340 Marketing Management Core 45 3
DSC 2340 Operations Management Core 45 3
ACC 2340 Management Accounting Core 45 3
BEC 2041 Career Development Training Non-credit 45 0
BEC 2001 English for Business Economics Part I Non-credit 30 0
Total No. of Credits – Semester I 15
Year II – Semester II
BEC 2343 Mathematical Methods for Economics Core 45 3
BUS 2341 Organizational Behaviour Core 45 3
BEC 2344 Advanced Economic Theory Core 45 3
ENT 2341 Introduction to Entrepreneurship and SMEs Core 45 3
ITC 2340 Computer Application for Managers Core 45 3
BEC 2045 Career Development Training Non Credit 45 0
BEC 2002 English for Business Economics Part II Non Credit 30 0
Total No. of Credits – Semester II 15
Total Credit Value for the Second Year 30
Year III – Semester I
DSC 3340 Operations Research Core 45 3
BEC 3340 Managerial Economics Core 45 3
ITC 3340 Management Information Systems Core 45 3
BEC 3341 Monetary Economics Core 45 3
BEC 3342 Development Economics Core 45 3
BEC 3001 English for Business Economics Part III Non Credit 30 0
Total No. of Credits – Semester I 15
Year III – Semester II
BEC 3344 Project Management Core 45 3
BEC 3345 Economic Thought Core 45 3
BEC 3346 Financial Economics Core 45 3
BEC 3347 Labour Economics Core (DS) 45 3
FIN 3343 Business Valuation Theory and Applications Core (BNK) 45
BEC 3348 Asian Economics Core (DS) 45 3
FIN 3346 Bank Management Core (BNK) 45
BEC 3002 English for Business Economics Part IV Non Credit 30 0
Total No. of Credits – Semester II 15
Total Credit Value for the Third Year 30
Year IV – Semester I
BEC 4340 Econometrics Core 45 3
BEC 4341 Research Methodology Core 45 3
BUS 4340 Strategic Management Core 45 3
BEC 4342 International Economics Core 45 3
BEC 4343 Environmental Economics Core (DS) 45 3
FIN 4352 Risk Management and Insurance Core (BNK) 45
BEC 4001 Academic Writing Non Credit 30 0
Total No. of Credits – Semester I 15
Year IV – Semester II
BEC 4645 Independent Study on Business Economics Core 45 6
BEC 4646 Practical Training Elective 45 6
BEC 4647 Social Development Project Elective
BEC 4349 Regional Economics Core (DS) 45 3
BEC 4348 Money and Banking Core (BNK)
Total No. of Credits – Semester II 15
Total Credit Value for the Fourth Year 30

New Curriculum

Programme Structure 

(This is relevant for 1st-year students in the department)

All undergraduate students enrolled in the FMSC, except for some exceptions in the case of the BCom Honours Degree Programme, BSc Honours in Estate Management and Valuation Degree Programme, and BSc Honours in Management (Public) Degree Programme, are required to follow a common curriculum inmanagement in the first year of study. This is intended to provide the core business knowledge by teaching basic concepts in all functional areas in business.

Undergraduates who are selected to the Department of Business Economics (from Year II onwards) also have followed this Management Common Programme.

The structure of the common program is depicted in Table 3.  

Table 3: B.Sc. Honours in Business Administration (Business Economics) Degree Programme Structure of Years I

Programme Structure 

(This is important information for students who are in their first year and beyond.)

The structure of the BSc Honours in Business Administration in Business Economics Degree Programme is depicted in Table 1. At the beginning of the first semester of the third year the students following this degree programme are required to select an area of specialization area out of the following three options. The compulsory and optional courses of certain semesters would differ depending on the selected area of specialization.

  1. Banking (BNK)

This study area encompasses a range of disciplines such as commercial banking, central banking, monetary policy analysis, financial market analysis, etc. At the end of this study programme students will be able to gain the necessary proficiency to manage a firm, mitigating the risks in the financial system while analyse the monetary policy at the macro level. The specialized nature of this area will enable the students to chair top-level management positions at a given institutions, especially in the banking and finance sector like the Central Bank of Sri Lanka, security market, commercial banks, and other financial institutions.

  1. Development Studies (DS)

This is an interdisciplinary study area which trains the students to understand the complex processes of economic development and to solve development problems. At the end of this study programme students will be equipped with the knowledge on policy studies, policy making, analysis, development research and evaluation. There are vast employment opportunities in numerous local and international institutes/agencies such as the Central Bank of Sri Lanka, International Monetary Fund, Asian Development Bank, United Nations, World Bank etc.

  1. International Economics and Business (IEB)

This area of study mainly focuses on the development of the global marketplace and it explores its ramifications in an increasingly globalized environment for trade and finance. At the end of the study programme, the students will gain an insight into the key international trade and finance problems with a comprehensive overview of the role of different organizations that are involved in international business. This discipline will open different avenues for the students such as, international financial sector, trade and global business organizations, international business strategy development and consulting firms, companies specialized in shipping, logistics, freight, custom clearance, etc.

The structure for Years II to IV of B.Sc. Business Administration (Business Economics) (Special) degree programme is given in Tables 4, 5 and 6.

Table 4: B.Sc. Honours in Business Administration (Business Economics) Degree Programme Structure for Years II

Table 5: B.Sc. Honours in Business Administration (Business Economics) Degree Programme Structure for Years III

Table 6: B.Sc. Honours in Business Administration (Business Economics) Degree Programme Structure for Years IV