Business Economics (MSc)
| Code | School | Level | Credits | Semesters |
| BUSI4468 | Business | 4 | 20 | Autumn UK |
- Code
- BUSI4468
- School
- Business
- Level
- 4
- Credits
- 20
- Semesters
- Autumn UK
Summary
Key concepts of Business Economics; Markets; Firms & Market Power; Market Structure & Government Policy; Government Intervention; International Trade; International Capital & other Factor Flows; The Macroeconomic Environment; Balance of Payments & Forex; Macroeconomic Policy.
Target Students
Only available for MSc International Business OR MSc Management OR MSc International Tourism Management and Marketing students AND MSc Exchange students.
Classes
- Two 2-hour lectures each week for 11 weeks
44 hours lecture contact; the balance of 156 hours made up from independent study (110 hours) and coursework preparation (46 hours).
Assessment
- 100% Exam (2-hour): Written in-person exam. Reassessment: 2 hour in-person exam.
Assessed by end of autumn semester
Educational Aims
To provide students who may have no previous training in economics with a knowledgeand understanding of key economic concepts and tools of analysis relevant to thestudent of business.Learning Outcomes
Knowledge and Understanding:
• The dynamics of the global economy and international business &/or an awareness of cultural, legal/regulatory, political, and economic differences across countries &/or an appreciation of management issues from a global perspective.
• Markets - the development and operation of markets for resources, goods and services
• The importance of sustainability issues, including an understanding of the challenges and opportunities arising from the activities of people and organisations on the economic, social and environmental conditions of the future.
Intellectual Skills:
• Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately
• Being able to solve complex problems and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions
• Using information and knowledge effectively in order to abstract meaning from information and to share knowledge, including the use of quantitative skills