Microeconomics Theory and Policy
Intermediate Financial Accounting
This module examines the preparation of company accounts, and of the calculation of particular items included within those accounts. It provides an introduction to the layout of company accounts, and an appreciation of some of the contentious issues relating to their preparation, including valuation methods and the accurate measurement of resources. The module covers the measurement of income and wealth, in relation to current financial reporting practices with respect to asset valuation and profit measurement.
Intermediate Management Accounting
This module extends knowledge of management accounting concepts and techniques and develops operational research models with management accounting applications. The module focuses upon aspects of accounting which support the exercise of management control and decision making. A grounding in costing techniques provides the foundation for accounting techniques appropriate to pricing and strategic decision making, cost management, planning and control. An analysis of the uses and limitations of management accounting techniques in theory and practice, and supports the critical analysis of specific accounting problems and the broader role of accounting.
Corporate Governance, Risk and Ethics
This module provides a thorough treatment of (i) the governance of organizations in the broad context of agency and stakeholder relationships, focusing on the roles and responsibilities of corporate officers, and the processes of accounting and auditing as support and control mechanisms; (ii) the identification, assessment and mitigation/control of risk as a key aspect of responsible management; (iii) ethical frameworks and professional values; and (iv) earnings and image manipulation. There is coverage of recent/topical accounting and business scandals, and developments in corporate governance and responsibility.
Corporate Finance and Financial Markets
This module provides a thorough treatment of financial markets and institutions; and the key financial issues faced by the directors and managers of firms, including the cost of capital and capital structure, dividend policy, taxation, leasing (versus borrow and purchase) policy, working capital management, accounting-based valuation, and financial distress prediction. The module examines the context in which decisions on these issues are made, and analyses relevant controversies and debates.
Semesters 1 & 2
Macroeconomics Theory and Policy
This module provides a thorough grounding in aggregate economic behaviour at an intermediate level. In particular, the module focuses on the theoretical explanations of how the macroeconomy works, as well as relevant policy issues. The first part looks at the economy in the long and the short run. The classical theory is introduced, and the IS/LM model of the economy in the short-run is developed. Stabilization policy and constraints in implementing fiscal and monetary policy are introduced. The second part focuses on the open economy, using the Mundell-Fleming model to examine how monetary and fiscal policies affect the economy under fixed and floating exchange rate regimes. The Solow model of long-run growth and the endogenous growth model are introduced.
Investments and Financial Instruments (approved ABS option)
This module provides a thorough treatment of (i) the characteristics, attributes, uses, valuation, behaviour, trading and development of key investment instruments; (ii) the investment problem and investment decision making; and (iii) investment risk management. From a foundation in theory, we use discursive and numerical approaches to unlock this fascinating area. The themes of value, return and risk run throughout the module.
Trade, Development and Growth (approved ABS option)
This module examines the relationship between trade, growth and economic and social development, focusing on the evolution of the international division of labour, its causes, and the consequences for economic growth and development and social change.
Semesters 1 & 2
Traethawd Hir / DissertationX
This module consolidates business management, marketing, economics, business finance and tourism management skills in the framework of an in-depth study of a topic selected by the student under the guidance of members of academic staff. Support is provided through lectures on research techniques, project management, managerial implications, workshops, seminars and supervision.
* Module is available with Welsh-medium lectures and tutorials.
+ Module is available with English-medium lectures supported by Welsh-medium tutorials.
X Option is available for Welsh-medium supervision and submission.
International English Centre (IEC) modules available to international students only.