BUSINESS ECONOMICS - 2024/5

Module code: MAN2186

Module Overview

Introduction to Business Economics including Micro and Macroeconomics.

Module provider

Surrey Business School

Module Leader

TURNER Joanne (SBS)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 5

Module cap (Maximum number of students): N/A

Overall student workload

Independent Learning Hours: 110

Seminar Hours: 20

Guided Learning: 10

Captured Content: 10

Module Availability

Semester 1

Prerequisites / Co-requisites

None

Module content

The course covers both Macro and Micro Economics and includes the following;

 

Basic Economic Problem

Economics of Demand

Economics of Supply

Market Structure

Labour Economics

Government Intervention

Aggregate Demand 

Fiscal Policy

Monetary Policy

GDP and Alternatives.

 

Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test CLASS TEST SET DATE AND TIME 30
Examination EXAM SET TIME AND DATE 70

Alternative Assessment

Not applicable

Assessment Strategy

There are two summative assessments for this module: a class test and an end of semester examination.

Class test

The class test will comprise multiple choice questions and/or questions requiring short written answers. 

Examination

The exam paper will include scenario questions.  Questions may contain several parts (part (a), part (b) etc).

Assessment questions

Assessments will include both quantitative and qualitative questions.

Quantitative questions are designed to assess numerical, application of knowledge and analytical skills.

Qualitative questions will assess application of knowledge, synthesis, creative thinking and problem-solving skills.

Formative assessment and feedback

Formative assessments such as a sample class test and exam paper will be available to support students in preparation for summative assessments and to provide ongoing feedback. Such feedback will help students identify their strengths and weaknesses and help develop revision plans for the summative assessments.

Students are also expected to engage with other feedback provided during seminars and feedback and advice hours throughout the semester.

Module aims

  • Provide students with a knowledge of concepts of Business Economics - both at Macro and Micro level.
  • Provide an understanding of both economic theory and practical examples and to demonstrate how businesses and consumers are influenced by Government and economic policies.
  • Foster an awareness of economics and policies and to enable students to apply their theoretical knowledge to current economic situations.

Learning outcomes

Attributes Developed
001 Identify key basic concepts of Business Economics (Macro and Micro) KP
002 Identify market structures and have an insight into the behaviours of firms and consumers. Evaluate the role of Government in market interventions. KPT
003 Evaluate the aims of Government policies and their key policy tools.
004 Complete a piece of independent economic research on a topical issue. CPT
005 Apply their learning by reading economics press widely and evaluate current economic issues. CP

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is based on a hybrid teaching model, incorporating elements of both live and on-demand learning.

On-demand learning is designed for students to explore the topics in their own time and includes a range of guided learning activities.  Guided learning activities may include pre-recorded videos, practice questions & solutions, quizzes, discussion forum and links to further reading.

Live learning allows students to explore and engage in discussions on the topics and also practise more complex questions and receive answers and feedback to queries from their tutor.

This learning and teaching strategy provides students with the opportunity to acquire knowledge and to understand the relevant theory and develop effective solutions for decision making in the context of case study scenarios.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: MAN2186

Other information

None

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2024/5 academic year.