Programme And Module Handbook
Course Details in 2018/19 Session

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Module Title LC Introduction to Economics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 02953
Module Lead Rweyemamu Ndibalema
Level Certificate Level
Credits 10
Semester Semester 1
Co-requisites LC International Macroeconomics and Financial Markets - (08 03440)
Restrictions Available to BSc Accounting and Finance and BSc with Business Studies students only
Contact Hours Guided independent study-75 hours
Practical Classes and workshops-3 hours
Lecture-22 hours
Total: 100 hours

This module provides students with an introduction to microeconomic theory and principles in a business context. It combines basic economic theory with applications, in a teaching programme designed to help students to understand current and topical business and economic issues.

Learning Outcomes

By the end of the module students should be able to:

  • explain economic concepts such as costs, revenues, profits, demand, supply and elasticity;
  • demonstrate understanding of microeconomic theory and principles;
  • analyse firms' decision-making processes when facing different competitive scenarios, including perfect competition and monopoly;
  • analyse the business and economic environment in which we live and work, and to appraise the impacts of economic decisions/events;
  • demonstrate understanding of the issues raised by government intervention in the market.
Assessment 02953-01 : Class Test : Class Test (30%)
02953-03 : Exam : Exam (Centrally Timetabled) - Written Unseen (70%)
Assessment Methods & Exceptions Assessments:

1 hr 30 minutes exam (70%)
40 minutes class test (30%)

Reassessment: 2 hour examination (100%)
Other none
Reading List