Programme And Module Handbook
 
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Module Title LC Introduction to Economics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 02720
Module Lead Peter Watt
Level Certificate Level
Credits 10
Semester Semester 2
Pre-requisites
Co-requisites
Restrictions BEng Engineering with Business Management - Comp
MEng Engineering with Business Management - Comp


Other `with Business Management¿ programmes
Contact Hours Lecture-22 hours
Guided independent study-78 hours
Total: 100 hours
Exclusions none
Description The aim of the module is to provide a thorough grounding in microeconomics.

Syllabus

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; perfect and imperfect competition
Analysis of monopoly and oligopoly
Alternative theories of the firm.
Learning Outcomes S1 Knowledge and understanding of commercial and economic context of engineering processes.
Assessment 02720-01 : Class Test : Class Test (25%)
02720-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (75%)
Assessment Methods & Exceptions Written examination (2 hours) 75%. Continuous assessment 25%.
Other none
Reading List