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.