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MODULE DESCRIPTOR
Module Title
Business Economics
Reference BS2211 Version 4
Created February 2017 SCQF Level SCQF 8
Approved July 2013 SCQF Points 15
Amended July 2017 ECTS Points 7.5

Aims of Module
To provide the students with the skills required to understand and analyse key business economic issues.

Learning Outcomes for Module
On completion of this module, students are expected to be able to:
1 Explain and analyse the key business objectives.
2 Explain and evaluate the role of the government in the market.
3 Analyse and discuss the international business environment.
4 Discuss the workings of the labour market.

Indicative Module Content
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
The module is a lecture-based course supplemented with tutorials and directed study.

Indicative Student Workload Full Time Part Time
Contact Hours 52 52
Non-Contact Hours 98 98
Placement/Work-Based Learning Experience [Notional] Hours N/A N/A
TOTAL 150 150
Actual Placement hours for professional, statutory or regulatory body    

ASSESSMENT PLAN
If a major/minor model is used and box is ticked, % weightings below are indicative only.
Component 1
Type: Coursework Weighting: 50% Outcomes Assessed: 1, 2, 3, 4
Description:
Component 2
Type: Examination Weighting: 50% Outcomes Assessed: 1, 2, 3, 4
Description:

MODULE PERFORMANCE DESCRIPTOR
Explanatory Text
The Module is assessed by two components: C1 - Coursework - 50% weighting. C2 - Examination - 50% weighting. Module Pass Mark = Grade D (40%)
Module Grade Minimum Requirements to achieve Module Grade:
A At least 70% on weighted aggregate and at least 35% in each component
B At least 60% on weighted aggregate and at least 35% in each component
C At least 50% on weighted aggregate and at least 35% in each component
D At least 40% on weighted aggregate and at least 35% in each component
E At least 35% on weighted aggregate
F Less than 35% on weighted aggregate
NS Non-submission of work by published deadline or non-attendance for examination

Module Requirements
Prerequisites for Module Normally Introductory Economics (BS1109) and SCQF entry requirements or equivalent.
Corequisites for module None.
Precluded Modules None.

INDICATIVE BIBLIOGRAPHY
1 SLOMAN, J., HINDE, K. and GARRATT, D., 2010. Economics for business. 5th ed. Harlow: Pearson.
2 SLOMAN, J., WRIDE, A. and GARRATT, D., 2012. Economics. 8th ed. Harlow: Pearson. ebook

 

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781