Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| 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 | |||
|---|---|---|---|
| To develop an understanding of key concepts and frameworks in business economics and apply these to the business environment. | |||
| Learning Outcomes for Module | |
|---|---|
| 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 |
|---|
| 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 | 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 | |||||
|---|---|---|---|---|---|
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 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 | |
|---|---|
| Prerequisites for Module | None. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 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 |