Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| The Economic Environment of Contemporary Businesses | |||
| Reference | BS4310 | Version | 3 |
| Created | January 2019 | SCQF Level | SCQF 10 |
| Approved | July 2019 | SCQF Points | 15 |
| Amended | July 2019 | ECTS Points | 7.5 |
| Aims of Module | |||
|---|---|---|---|
| To analyse the ways in which changes within the global economic and business environment impact upon the management strategies of global organisations, international monetary exchanges and managerial economics. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Analyse fundamental aspects of the environment in which advanced and emerging economies co-exist; |
| 2 | Critically evaluate the ways in which changes within the global economic and business environment impact upon the management strategies of global organisations, international monetary exchanges and managerial economics. |
| 3 | Analyse how economies are built, their cycles, and how growth and recession parameters impact on businesses. |
| Indicative Module Content |
|---|
| Presents the fundamental aspects of global economics and the environment in which advanced and emerging economies co-exist. Principles and theories of microeconomics; macroeconomics; global economics; ideologies and philosophies; advanced and emerging economies; econometrics; exchange markets and international money capital; managerial economics; political and legal risks; cultural impacts; competition. The domestic and international economic environment, economic concepts, demand and supply, firms and markets, market structure, business objectives, profit maximisation, managerial and behavioural models, cost in theory and practice, pricing, competitiveness and productivity, market failure. |
| Module Delivery |
|---|
| Face-to-face classroom methods (lectures, tutorials) are combined with computer-mediated activities. Paper and/or web-based learning materials, seminars and/or on-line support, with group work supported by discussion forums. Emphasis is placed on an interactive approach to communication and learning, with student involvement fostered through discussions and group working. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | N/A | 24 |
| Non-Contact Hours | N/A | 126 |
| Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
| TOTAL | N/A | 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: | 100% | Outcomes Assessed: | 1, 2, 3 |
| Description: | Individual essay | ||||
| MODULE PERFORMANCE DESCRIPTOR | |
|---|---|
| Explanatory Text | |
| The module is assessed by one component: C1 - Coursework - 100% weighting. Module Pass Mark = Grade D (40%) | |
| Module Grade | Minimum Requirements to achieve Module Grade: |
| A | 70% or above |
| B | 60% - 69% |
| C | 50% - 59% |
| D | 40% - 49% |
| E | 35% - 39% |
| F | 0% - 34% |
| 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 | BACKHOUSE, R., 2012. The Puzzle of Modern Economics: Science or Ideology? Cambridge: Cambridge University Press. |
| 2 | CHANG, H.J., 2014. Economics: The User's Guide. London: Bloomsbury Press. |
| 3 | MANKIW, G., 2017. Economics 4th ed. Andover: Cengage Learning. |
| 4 | MANKIW, G. N., & TAYLOR, M. P., 2012. Grunduege der Volkswirtschaftslehre, 5. Auflage, Stuttgart: Schaeffer-Poeschel. |
| 5 | MORAN, R.T., HARRIS, P.R. and MORAN, S.V., 2017. Managing cultural differences: global leadership strategies for cross-cultural business success. 10th ed. Amsterdam: Butterworth-Heinemann. |
| 6 | MORRISON, J., 2006. The international business environment: global and local marketplaces in a changing world. 2nd ed. Basingstoke: Palgrave Macmillan. ebook |
| 7 | RUGMAN, A.M. and COLLINSON, S., 2017. International business. 7th ed. Harlow: Pearson. |
| 8 | WALL, S., MINOCHA, S. and REES, B., 2015. International business. 4th ed. Harlow: Pearson. |