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Module Title	LM Understanding the Economy
School	Birmingham Business School
Department	Management
Module Code	07 39585
Module Lead	Lisa De Propris, David Bailey, Tong Yin and Paul Lewis
Level	Masters Level
Credits	10
Semester
Pre-requisites
Co-requisites
Restrictions	None
Contact Hours	Lecture-11 hours Practical Classes and workshops-22 hours Guided independent study-67 hours Total: 100 hours
Exclusions
Description	This module aims to provide students with a critical awareness, understanding of, and ability to interpret relevant and fundamental issues in the economy. Throughout this module students will explore key theories, concepts, and frameworks, applying them through contemporary case studies and group work to develop a critical understanding of current issues in the global economy.
Learning Outcomes	By the end of the module students should be able to: Critically use core economic concepts, principles and models to understand and analyse real world cases and situations that reflect the interlinked economic environments in which people live and work and business, public sector and third sector organisations operate Critically apply foundational economic concepts and tools to understand the causes and evaluate the consequences of significant economic trends and events, and their potential impact upon the individuals, organisations and locations as well as the implications for government policy, particularly with regards to concerns for sustainability and planetary boundaries. Demonstrate the ability to apply analytical skills relevant for decision making to critically evaluate economic theory and data in relation to the business environment in particular countries, the international economy, market failures and the strategic behaviour of firms.
Assessment	39585-01 : Group Project Report : Group Assessment - Coursework (20%) 39585-02 : Individual Report : Coursework (80%)
Assessment Methods & Exceptions	Assessment: 1 small-group project report (20%, 400 words per individual, groups of 3-4) 1 individual report (80%, 1500 words) Reassessment: Reassessment of group work: Individual critique of failed work (400 words) Reassessment of Individual assignment: Individual report (100%, 1500 words)
Other
Reading List