Module Information
Course Delivery
Assessment
Assessment Type | Assessment length / details | Proportion |
---|---|---|
Semester Assessment | Assessed Group Presentation | 20% |
Semester Assessment | 2,000 Word Report | 20% |
Semester Exam | 3 Hours Examination | 60% |
Supplementary Assessment | Assessed Group Presentation | 20% |
Supplementary Assessment | 2,000 Word Report | 20% |
Supplementary Exam | 3 Hours Examination | 60% |
Learning Outcomes
On successful completion of this module students should be able to:
Understand, critically evaluate and apply basic economic concepts to solving managerial problems i.e pricing and output.
Understand the role of the economic environment in the wider business environment and how this can be influenced by government policy and the wider international environment
To appreciate and understand different market structures and how they impact on pricing and output decisions.
To equip students with the skills to make decisions as managers thought the application of conceptual frameworks and theories to practical examples
To develop presentation and team working skills though class exercises, discussion and workshops
To improve written and verbal reasoning skills and analytical skills through the application of economic models to managerial problems
Brief description
Aims
Content
2. The Macroeconomic environment
3. The microeconomic environment and market pricing
4. Pricing strategies
5. Firms, markets and pricing
6. Government and its policy impact on firms decision making
7. Applications of economic principles to internal decision making
8. The international economic environment
9. Multinational activity.
10. Review and Revision
Module Skills
Skills Type | Skills details |
---|---|
Application of Number | Analysis of economic data, company reports and other numerical data. |
Communication | Develop communications skills including discussion and listening skills. Improve literacy skills by reading and writing reports and essays |
Improving own Learning and Performance | Devise and apply realistic self-learning strategies, review and monitor overall performance, be aware of time management techniques |
Information Technology | Use a range of commonly used software packages. Present information and data. Use email /internet appropriately and effectively. |
Personal Development and Career planning | Students will be able to apply the skills acquired in this module to enhance their career opportunities. They will also be aware of the importance of organizing and managing sources of knowledge |
Problem solving | 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. |
Research skills | Carry out research into current economic problems as they apply to business. Identify relevant source material and journal articles for assignments. |
Subject Specific Skills | Students will be aware of the importance of economic concepts, organizing and managing sources of knowledge and keeping up to date with the latest developments in economic ideas and events. |
Team work | Understand the concept of group dynamics, contribute effectively and participate in group discussions and group presentation |
Notes
This module is at CQFW Level 7