School of Management, Unit Catalogue 2009/10 |
MN50458: Managing in the economic environment |
 Credits:
| 3 |
| Level:
| Masters |
| Period: | Modular (no specific semester) |
| Period: | Semester 2 |
| Assessment:
| CW 100% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| Before taking this unit you must take MN50340 |
| Description: | Aims: The unit aims to introduce MBA students to the macroeconomic environment in which all firms operate. Learning Outcomes: On completing this unit students will be able to: * Display an understanding of key macroeconomic concepts. * Understand the key tools of government macroeconomic policy. * Use macroeconomic statistics to inform management decisions. * Assess the impact of the macroeconomic environment on an individual organisation. Skills: Intellectual skills * a critical awareness of current issues within the macroeconomic environment; T/A * facility to apply subject-specific knowledge into a range of situations T/A * the ability to acquire and analyse data, information and situations; to evaluate relevance and validity, and to synthesise it in the context of topical business problems; T/A Professional skills * the ability to evaluate the current standing of an economy to aid the formation of company strategies and objectives; F * operate effectively both independently as well as within teams and assume leadership roles where appropriate; F * be self-directed and able to act autonomously in planning and implementing projects at professional levels. F * ability to produce case study analysis F Practical skills * ability to conduct an analysis of the economic context within which businesses operate. F/A Key skills * the facility to analyse and communicate their ideas on a real world issue affecting business. F/A Content: Key themes to be covered include: * The meaning, measurement and managerial relevance of key economic data, including (e.g.) data on prices, business cycles, leading economic indicators, unemployment, taxation and corruption. * The roles of government and central bank policymakers in the use of taxes, spending, interest rates and the money supply to influence the economy. |