Programme And Module Handbook
Course Details in 2022/23 Session

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Module Title LC Introduction to Economics and Finance
SchoolBirmingham Business School
Department Management
Module Code 07 33799
Module Lead
Level Certificate Level
Credits 20
Semester Semester 2
Restrictions None
Description The aim of the module is to introduce core concepts in economics and finance which have a relevance to business.

The module will include grounding in microeconomic concepts and financial analysis related to the appraisal of company financial performance.


The content of the economics part of the module will include introduction to alternative approaches to economics and socio economics, demand and supply, elasticity, intervention in the market, marginal utility theory, production and cost analysis, market structure, including analysis of monopoly and oligopoly, and alternative theories of the firm.The content of the finance part of the module will include accounting statements, accounting concepts and valuation approaches. Appraising company financial performance and value creation using ratio analysis to understand the past and inform future decision making by stakeholders such as shareholders, lenders and trading partners. The uses, strengths and limitations of accounting information.
Learning Outcomes By the end of the module students should be able to:
  • Demonstrate knowledge and understanding of microeconomic concepts relevant to business organisations;
  • Critically evaluate different market structures using microeconomic theory;
  • Explain the role and impacts of government intervention in the market;
  • Apply key accounting concepts and valuation approaches;
  • Critically evaluate both historic and expectations for future business performance and value creation;
  • Explain the uses, strengths and limitations of accounting information for a range of stakeholders.
Assessment 33799-02 : MCQ Test : Class Test (25%)
33799-03 : Short Essay : Exam (Centrally Timetabled) - Written Unseen (25%)
33799-04 : MCQ 2 : Class Test (10%)
33799-05 : Individual Report : Coursework (40%)
Assessment Methods & Exceptions Assessment: MCQ online (25% 50min), MCQ online (25% 50min) and 2 hr written exam (50%)
Reassessment: 2 hr written exam
Reading List