IE1: Economics of Organisation and Innovation
| Code | School | Level | Credits | Semesters |
| BUSI2163 | Nottingham University Business School | 2 | 20 | Autumn Malaysia |
- Code
- BUSI2163
- School
- Nottingham University Business School
- Level
- 2
- Credits
- 20
- Semesters
- Autumn Malaysia
Summary
The aim of the module is to introduce students to the theoretical building blocks for the economic analysis of organisations and innovation from a variety of perspectives, as well as the application of theories toward understanding issues in the subject areas, covering topics such as organisational architecture, reward systems, performance measurement, various types of innovation, intellectual property and standards, economics of networks, innovation clusters and policy-related issues etc.
Target Students
Available to all Part I and Part II students who have the required pre-requisites BUSI1105 Business Economics OR BUSI1106 Economic Principles OR BUSI1107 Introduction to Economics.
Classes
- One 1-hour tutorial each week for 4 weeks
- One 2-hour lecture
- Two 2-hour lectures each week for 8 weeks
Assessment
- 50% Coursework 1: One 2500 words individual coursework
- 50% Exam (1-hour-30-minute): One 1.5-hour examination
Assessed by end of autumn semester
Educational Aims
To help students understand the economic analysis of organisations and innovation, why firms exist and why innovation matters, how firms organise and co-ordinate their activities and how they undertake innovation in order to stay competitive.Learning Outcomes
Knowledge and understanding
This module develops a knowledge and understanding of:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- The management of resources.
- Taking innovative business ideas to create new products, services or organisations including the identification of Intellectual Property and appreciation of its value.
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Economic principles and tools addressing the microeconomic issues of decision and choice
- Economic policy with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
- Ability to apply core economic theory and economic reasoning to applied topics.
Intellectual skills
This module develops:
- The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
- Conceptual and critical thinking, analysis, synthesis and evaluation.
Transferable (key) skills
This module develops:
- Subject-specific transferable skills including analysis and problem-framing.
Conveners
- Dr Hway Boon Ong