International Business Economics

Cod y Modiwl: ABM2120
Teitl y Modiwl: International Business Economics
Blwyddyn Academaidd: 2026/2027
Semester: Semester 1
Cyd-gysylltydd y Modiwl: Dr Aloysius Igboekwu
Rhestr Ddarllen: Gweld ar Aspire
Staff Eraill sy'n Cyfrannu: Dr Aloysius Igboekwu; Professor Homagni Choudhury; Dr Lyndon Murphy

Dulliau Asesu

Math o Asesiad	Manylion Asesiad	Cyfran
Asesiad Semester	Report / Case Study: 4000 Words	80%
Asesiad Semester	Report with group presentation: 1500 word report20 minute presentation	20%
Asesiad Ailsefyll	Report: 2000 Words	20%
Asesiad Ailsefyll	Report / Case Study: 4000 Words	80%

Canlyniadau Dysgu

Wedi cwblhau'r modiwl dylai'r myfyrwyr fedru:

Apply economic models to examine current economic issues and evaluate policy options for addressing these issues.
Analyse and critically evaluate and apply basic economic concepts to solving managerial problems such as pricing and output.
Demonstrate the implications of market structure for pricing and output decisions, welfare and efficiency.
Analyse the macroeconomic policy objectives and ways in which governments use macroeconomic policy instruments to accomplish macroeconomic policy objectives.
Demonstrate a critical awareness of the importance for business decision-making of the economic environment and the wider business environment, and how this can be influenced by government policy at the local, national or international levels.

Disgrifiad cryno

This module examines microeconomics and macroeconomics principles, concepts and methods of analysis. The module analyses the microeconomic behaviour of individuals, households, firms, and their interactions. The module also covers the macroeconomic behaviour of economic aggregates, including gross domestic product, consumption, investment, inflation, unemployment and the balance of payments. There is emphasis on role of government policy and regulation at the microeconomic and macroeconomic levels.

Cynnwys

1. The business and economic environment.

2. The macroeconomic environment: output, expenditure, inflation and unemployment, growth, fiscal and monetary policy, supply-side policies

3.The microeconomic environment: production, costs, demand, revenue and profit maximization

4.Pricing strategies: demand, supply, price and output determination, and elasticity of demand and supply

5.Firms, markets and pricing; welfare and efficiency consequences of perfect competition and monopoly

6. Government intervention in the market, taxation and subsidy, competition policy, environmental policy, regulation and supervision

7. The global trading environment, national economic policies, wider economic groupings such as the European Union

8. Multinational enterprise, and impact of globalization on business organizations and activities

9. Application of economic theory to given business scenarios

Sgiliau Modiwl

Math o Sgiliau	Manylion Sgiliau
Addasrwydd a gwydnwch	The students are required to adapt their strategies and approaches to providing an economic solution to the identified problem or issue and to show strong leadership skills to provide an effective solution to the issues identified.
Cydlynu ag erail	Students will need to show their ability to work as a team especially in the early stages of the project and in providing a solution to the issues highlighted.
Datrys Problemau Creadigol	Identify problems. Identify factors which might influence potential solutions. Develop creative thinking approaches to problem solving. Evaluate advantages and disadvantages of potential solutions. Construct a rational proposal in response to problem.
Gallu digidol	Students are expected to use a range of MS Office products and deliver the report results using spreadsheets or other electronic analysis tools. Maintain links with supervisors via email and VLE.
Meddwl beirniadol a dadansoddol	The module demands the participants to apply analytical skills to reason and understand the challenging nature of international economics. By introducing a variety of theoretical as well as empirical topics, the module enables students to develop creative thinking approaches to economic theory. These skills will have to be applied in seminar discussions, preparation of the coursework and timed assessments.
Myfyrdod	Students must show critical reflective skills and adapt and improve solutions and the quality of the reports on an ongoing basis.
Sgiliau Pwnc-benodol	Must show executive level leadership and management skills in the execution of the economic analysis reports.
Synnwyr byd go iawn	Economic analysis undertaken on real world financial problems with solution requiring realistic responses.

Nodau

Mae'r modiwl hwn yn cydymffurfio a FfCChC Lefel 7