Economics, Finance and Accounting for Business

Cod y Modiwl: AB01320
Teitl y Modiwl: Economics, Finance and Accounting for Business
Blwyddyn Academaidd: 2027/2028
Semester: Semester 2
Cyd-gysylltydd y Modiwl: Dr Bruce Wight
Rhestr Ddarllen: Gweld ar Aspire
Staff Eraill sy'n Cyfrannu: Professor Homagni Choudhury; Dr Bruce Wight; Dr Lyndon Murphy

Dulliau Asesu

Math o Asesiad	Manylion Asesiad	Cyfran
Asesiad Semester	1 class test – 45 minutes (seen questions):	20%
Asesiad Semester	Group report: (1,500 words)	30%
Asesiad Semester	1 class test – 45 minutes (multiple choice):	20%
Arholiad Semester	1.5 Awr	30%
Asesiad Ailsefyll	1 class test – 45 minutes (seen questions):	20%
Asesiad Ailsefyll	Individual report: (1,000 words)	30%
Arholiad Ailsefyll	1.5 Awr	30%
Arholiad Ailsefyll	1 class test – 45 minutes (multiple choice):	20%

Canlyniadau Dysgu

Wedi cwblhau'r modiwl dylai'r myfyrwyr fedru:

1. Explain and discuss how markets inter-relate.
2. Describe and discuss how economic theory can apply to real world issues.
3. Explain the purpose of accounting in different types of organisations.
4. Interpret and adjust financial statements of a small company.
5. Explain, contrast and discuss alternative methods of sourcing finance.
6. Describe, explain and illustrate the business finance environment.

Disgrifiad cryno

The module introduces key concepts found in the areas of Economics, Finance and Accounting and to familiarise students with the language of Business.
Key areas include the internal and external Business environment, the operation of markets, sources of finance and the introduction to financial statements and simple accounting transactions.

Cynnwys

Content will be delivered through a mix of lectures focused on theory and application as well as more practical sessions using case study examples.

Content will cover:

Introduction to Microeconomics
- Markets and their role in Society
- Demand, Supply and market equilibrium
- Market structure: Perfect Competition, Monopoly,
- Oligopoly
- Income distribution, inequality, poverty and government policy

Introduction to Macroeconomics
- The circular flow of income
- Measuring National Income and Output
- Open Economy and Trade

Accounting
- Introduction to Accounting
- UK business organisations
- Measuring and reporting financial position of a company (Income statements and balance sheets)

Introduction to Finance
- Introduction to Financial Management
- Business Finance Environment
- Sources of Finance

Sgiliau Modiwl

Math o Sgiliau	Manylion Sgiliau
Cyfathrebu	Develop communications skills including discussion and listening skills. Improve literacy skills by reading and writing about marketing.
Datblygu personol a chynllunio gyrfa	Students will be able to use the skills learnt in this module to enhance their career opportunities. They will also be aware of the importance of organizing and managing sources of knowledge.
Datrys Problemau	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.
Gwaith Tim	Understand the concept of group dynamics, contribute effectively and participate in group discussions and group presentation.
Gwella dysgu a pherfformiad ei hun	Devise and apply realistic self-learning strategies, review and monitor overall performance, be aware of time management techniques.
Rhifedd	Analysis of company reports and other numerical data.
Sgiliau pwnc penodol	Students will be aware of the importance of organizing and managing sources of knowledge and keeping up to date with the latest developments in management and marketing.
Sgiliau ymchwil	Carry out research into current thinking in the areas of marketing. Identify relevant source material and journal articles for assignments.
Technoleg Gwybodaeth	Use a range of commonly used software packages. Present information and data. Use email /internet appropriately and effectively.

Nodau

Mae'r modiwl hwn yn cydymffurfio a FfCChC Lefel 3