Programme And Module Handbook
 
Course Details in 2021/22 Session


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Module Title LI Intermediate Business Economics and the Macroeconomy
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 24111
Module Lead
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 : Test 1 : Class Test (20%)
24111-02 : Test 2 : Class Test (20%)
24111-03 : Exam : Exam (School Arranged) - Written Unseen (60%)
Assessment Methods & Exceptions Assessment: 2 tests, 50 minutes each (20% per test); 2 hour exam (60%)
Reassessment: 2 hour exam (100%)
Other Duplicate of Dubai-based module 30446
Reading List