Module Database Search
MODULE DESCRIPTOR | |||
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Module Title | |||
Business Economics | |||
Reference | BS2211 | Version | 7 |
Created | August 2021 | SCQF Level | SCQF 8 |
Approved | July 2019 | SCQF Points | 15 |
Amended | August 2021 | ECTS Points | 7.5 |
Aims of Module | |||
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To develop an understanding of key concepts and frameworks in business economics and apply these to the business environment. |
Learning Outcomes for Module | |
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On completion of this module, students are expected to be able to: | |
1 | Present business economic concepts and how they apply in the contemporary economy. |
2 | Analyse the key business objectives. |
3 | Evaluate the role of the government in the market. |
4 | Analyse the international business environment. |
5 | Discuss the workings of the labour market. |
Indicative Module Content |
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Theory of the firm - profit maximisation and managerial objectives; pricing in theory and practice; labour markets; market failure and government policy; balance of payments and international trade developments; exchange rates; international organisations. |
Module Delivery |
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The module is a lecture-based course supplemented with tutorials and directed study. |
Indicative Student Workload | Full Time | Part Time |
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Contact Hours | 36 | N/A |
Non-Contact Hours | 114 | N/A |
Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
TOTAL | 150 | N/A |
Actual Placement hours for professional, statutory or regulatory body |   |   |
ASSESSMENT PLAN | |||||
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If a major/minor model is used and box is ticked, % weightings below are indicative only. | |||||
Component 1 | |||||
Type: | Coursework | Weighting: | 40% | Outcomes Assessed: | 1 |
Description: | Group presentation | ||||
Component 2 | |||||
Type: | Examination | Weighting: | 60% | Outcomes Assessed: | 2, 3, 4, 5 |
Description: | Closed book examination |
MODULE PERFORMANCE DESCRIPTOR | ||||||||
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Explanatory Text | ||||||||
The calculation of the overall grade for this module is based on 40% weighting of C1- Coursework and 60% weighting of C2-examination components. An overall minimum grade D is required to pass the module. | ||||||||
Coursework: | ||||||||
Examination: | A | B | C | D | E | F | NS | |
A | A | A | B | B | C | E | ||
B | B | B | B | C | C | E | ||
C | B | C | C | C | D | E | ||
D | C | C | D | D | D | E | ||
E | C | D | D | E | E | E | ||
F | E | E | E | E | F | F | ||
NS | Non-submission of work by published deadline or non-attendance for examination |
Module Requirements | |
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Prerequisites for Module | None. |
Corequisites for module | None. |
Precluded Modules | None. |
INDICATIVE BIBLIOGRAPHY | |
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1 | BEGG, D. and WARD, D., 2016. Economics for Business. 5th Edition. Berkshire: McGraw Hill. |
2 | SLOMAN, J., GARRATT, D. and GUEST, J., 2018.Economics. 10th ed. Harlow: Pearson. |
3 | SLOMAN, J., WRIDE, A. and GARRATT, D., 2012. Economics. 8th ed. Harlow: Pearson. ebook |