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BU5021: BUSINESS ECONOMICS (2016-2017)

Last modified: 28 Jun 2018 10:27


Course Overview

This course focuses on the economics of business allowing students to understand the economics that underlie a whole host of business issues. The course will cover the functioning of markets, consumer behaviour, pricing, production and costing problems, monopoly and the business implications of inflation, economic growth and economic policy.

Course Details

Study Type Postgraduate Level 5
Term First Term Credit Points 15 credits (7.5 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Dr Harminder Battu

Qualification Prerequisites

None.

What courses & programmes must have been taken before this course?

  • One of Master of Business Administration (P/T) (Studied) or Master of Business Administration Full-Time (Studied) or Master of Business Administration (Human Resource Man't) (Studied) or Master of Letters in Art and Business (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

The aim of this course is to introduce students to the key concepts of macroeconomics relevant to international business. These include analysis of product, money and foreign exchange markets, labour market issues, unemployment, inflation and economic growth. Students will develop the basic quantitative and modelling techniques required by managers, and an appreciation of national and international policy contexts within which to apply these. They will apply numeracy, problem-solving and modelling skills and computing techniques to a variety of common situations in macroeconomics.


Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

1st attempt: 1. An individual Assessment comprising 40% of the total course marks. 2. A group piece comprising 30% of the total course marks 3. An individual Professional Reflective Review comprising 30% of the course marks. The individual assessment (1. and 3. above) is as follows: 1. An individual contribution to a theoretical issue, a case issue or work-based issue (2000 words) – 40% of total course marks. 2. A reflective review of the lessons learned through participation in the course (1500 words or a 5min video/oral presentation) – 30% of the total course marks. Material for these individual assessed elements will be obtained through a series of timetabled individual and group activities complemented by directed reading and own research. The group assessment (2. above) is as follows: A group activity/challenge – 30% of the total course marks. In undertaking the challenge, and in the preparation of the assessed requirements (see on), students are required to keep minutes of their group meetings and record peer contributions. These minutes along with the reflections on peer contributions peer are reviewed by the assessment team as part of the assessment process. The group assessed requirements for this course are: - (e.g. a 10 minute group presentation (contributing 10% and a 5 page Briefing Note comprising 20%).

Resit: There is no resit opportunity for the group element. For the individual elements students who score below D3 will be required to submit the respective elements within six weeks of the mark and feedback being returned.

Formative Assessment

There are no assessments for this course.

Feedback

None.

Course Learning Outcomes

None.

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