Programme And Module Handbook
 
Course Details in 2020/21 Session


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Module Title LC Economics for Business (B)
SchoolBirmingham 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 Guided independent study-154 hours
Seminar-6 hours
Lecture-40 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