Course Details in 2020/21 Session

Module Title	LC Economics for Business (B)
School	Birmingham Business School
Department	Birmingham Business School
Module Code	07 32195
Module Lead	Sami Bensassi
Level	Certificate Level
Credits	20
Semester	Semester 1
Pre-requisites
Co-requisites
Restrictions	None
Contact Hours	Lecture-40 hours Seminar-6 hours Guided independent study-154 hours Total: 200 hours
Exclusions
Description	This module applies microeconomic and macroeconomic principles to business, market and policy contexts in order for students to analyse current and topical economics issues with relevance for business and wider economic decision making and policy.Topics typically covered include microeconomic issues including demand and supply analysis; elasticity; consumer choice theory; cost analysis; influence of market; market failures. Macroeconomic issues covered include economic growth; unemployment and inflation; monetary and fiscal policy; the international economy.
Learning Outcomes	By the end of the module students should be able to: Demonstrate knowledge and understanding of the meaning of key microeconomic and macroeconomic concepts; Apply diagrammatic analysis to demonstrate the broad principles involved in the microeconomic theory of markets and market failures and macroeconomic policy decisions; Analyse real world cases and economic problems faced by individuals, business and governments using micro and macroeconomic principles and models; Interpret and apply economic principles and models to understand and analyse the business and economic environment in which we live and work, and to appraise the impacts of economic decisions and events.
Assessment	32195-01 : 2 hour MCQ Class Test : Class Test (50%) 32195-02 : 2 hour Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions	Assessment: 50% 2 hour mid-term test; 50% 2 hour exam. Reassessment: 3 hour exam (100%)
Other
Reading List