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Module Title LI Intermediate Business Economics and the Macroeconomy
SchoolBirmingham Business School
Department Management
Module Code 07 24111
Module Lead Tong Yin and Deniz Sevinc
Level Intermediate Level
Credits 20
Semester Semester 2
Pre-requisites
Co-requisites
Restrictions None
Contact Hours Lecture-44 hours
Seminar-3 hours
Guided independent study-153 hours
Total: 200 hours
Exclusions
Description The module provides a general coverage of the main issues and debates in business economics and the macroeconomic environment
Part 1 focuses on the following topics.
  • price theory
  • industrial organisation
  • economics of competition
  • competition policy
  • regulation of natural monopolies
  • deregulation of oligopolistic markets

Part 2 focuses in particular on the following aspects:

  • Growth and productivity
  • The problems of inflation and unemployment
  • The balance of payments, exchange rates and trade
  • Fiscal Policy and the role of the state
  • Monetary policy and the role of central banks
  • Common Currency areas and the European Monetary Union
  • The Economic crisis 2007-2009
Learning Outcomes

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

Demonstrate a knowledge of economic analysis and policy issues in relation to the operation and strategic behaviour of firms in markets
  • Apply economic analysis to case studies of firms
  • Evaluate economic policy as it relates to the operation of markets
  • Demonstrate understanding how the economic environment impacts on the way in which businesses operate
  • Have an educated and critical opinion in debates such as the role of the state in the economy and the causes and consequences of banking and financial crises
  • Apply economic analysis to understand and make predictions about the impact of economic variables on the macroeconomic environment of business
  • Critically analyse the impacts of institutions on innovation and competitiveness
  • employ analytical arguments more generally
Assessment 24111-01 : Individual Essay : Coursework (50%)
24111-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions Assessment: 50% exams and 50% assignment (individual essay - 1500 words)
Other Duplicate of Dubai-based module 30446
Reading List