MN22167: Intermediate microeconomics of the industry and firm
[Page last updated: 15 April 2024]
Academic Year: | 2024/25 |
Owning Department/School: | School of Management |
Credits: | 10 [equivalent to 20 CATS credits] |
Notional Study Hours: | 200 |
Level: | Intermediate (FHEQ level 5) |
Period: |
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Assessment Summary: | EXOB 100% |
Assessment Detail: |
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Supplementary Assessment: |
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Requisites: | Before taking this module you must take MN12009 OR take MN12217 |
Learning Outcomes: |
�Obtain basic knowledge of key areas of management such as business economics, marketing, law, information systems and operations management, and accounting and finance.
â�¢Identify key management challenges and issues.�¿
�Evaluate real-life management problems with a view to identifying feasible solutions.
â�¢Critically discuss and evaluate�¿ management theory and practice.�¿
�Identify and scope problems in context.
â�¢Apply models, theories, and best practice to analyse problems in context.�¿ |
Synopsis: | Use microeconomics to analyse the economic and strategic decisions that derive from operating in a competitive environment. You will explore a range of microeconomic models and analytical tools, and learn how these are helpful in making business decisions. By the end of this unit, you should have developed your ability to apply economic theory to analyse practical business problems and will be able to provide recommendations with respect to strategy and policy. |
Content: | You will be introduced to, and then apply, economic theory that is useful for analysing problems around various aspects of firms and markets. You will develop your understanding of the theory of the firm and how it provides insights into modern business enterprises. You will also develop your understanding of competition between firms and the strategies firms adopt to better cope with this, along with an understanding of the regulatory constraints imposed by government authorities. |
Course availability: |
MN22167 is Optional on the following courses:School of Management
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Notes:
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