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Module Title
LM Advanced Business Economics
School
Birmingham Business School
Department
Management
Module Code
07 33821
Module Lead
Fiona Carmichael / Liza Jabbour
Level
Masters Level
Credits
20
Semester
Semester 1
Pre-requisites
Co-requisites
Restrictions
None
Exclusions
Description
The module aims to deepen understanding of ideas and theories that underpin the economic analysis of decision making by economic agents in the context of the wider social and business environment. The module focus is on decision making by economic agents and the international economy.
The analytical ideas explored in this module aim to raise understanding of the complexity of the economic environment in which individuals, financial institutions, firms and governments operate. In addition, the theoretical core will help to develop analytical skills. Students will have the opportunity to study the interplay between economic theory and economic policy and to critically examine some of the arguments for external regulation of markets. The theory examined will relate to a number of important economic and social issues such as business regulation, strategic decision making by firms and other agents, informational problems and international trade. The knowledge and understanding acquired will help students to understand the arguments and analysis that they will be exposed to in other modules on their programme of study which deal with related aspects of the global socio-economic environment.
Learning Outcomes
By the end of the module students should be able to:
Demonstrate ability to critically evaluate economic theory and analysis in relation to the international economy, market failures and the strategic behaviour of firms.
Demonstrate ability to critically assess economic discourse relating to the international economy, international business and regulation in both private and public spheres.
Apply economic theory to assess alternative economic policy solutions for market failures and a range of strategic and informational problems facing firms, governments and individuals.
Assessment
33821-01 : Class Test 1 : Class Test (25%)
33821-02 : Class Test 2 : Class Test (25%)
33821-03 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions
Assessment: 2 x 1 hour online problem based assignments (25% each, 50% total) and 1 x 2 hour examination (50%)
Reassessment: 1x 2hr online assignment
