Course Details in 2023/24 Session

Module Title	LH Economics of strategy, risk and globalisation
School	Birmingham Business School
Department	Management
Module Code	07 38044
Module Lead	Module lead: Liza Jabbour
Level	Honours 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 social and business environment and the wider 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. The theoretical core will help to develop analytical skills in choice theory, game theory and international economics. Students will have the opportunity to study the interplay between decision making, economic theory and economic policy and to critically examine some of the arguments for external regulation of markets. The theory examined will relate to 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; Show that they can 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	38044-01 : Class Test 1 : Class Test (25%) 38044-02 : Class Test 2 : Class Test (25%) 38044-03 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions	Assessment: 2 x 50 minutes tests (25% each) 1x 2 hour examination (50% of the total assessment) Reassessment: Reassessment by failed component 2 x 50 minutes tests (25% each) 1x 2 hour examination (50% of the total assessment)
Other
Reading List