Occurrence | Teaching period |
---|---|
A | Spring Term 2022-23 to Summer Term 2022-23 |
The aim of the module is to introduce students to core economic principles and how these can be used in a business environment. It provides grounding in the fundamental concepts of micro and macro economics and the way in which these concepts improve our understanding of markets, from the point of view of consumers and producers.
After successful completion the student is able to:
Subject content
discuss the workings of competitive markets;
discuss and analyse consumer demand;
discuss and analyse a firm’s output decisions under perfect and imperfect competition;
discuss and analyse various pricing strategies for firms with market power;
describe the role of government intervention in the market;
discuss the effect of the macroeconomic environment on the business;
Academic and graduate skills
apply basic economic reasoning in a business context;
identify economic trade-offs in common business decisions.
Task | % of module mark |
---|---|
Closed/in-person Exam (Centrally scheduled) | 100 |
None
Task | % of module mark |
---|---|
Closed/in-person Exam (Centrally scheduled) | 100 |
Students will receive feedback within two weeks of the hand-in problem sets. The feedback will be handed to students personally and takes the form of comments and suggestions for improvement written on the handed in work.
none listed at present