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MN50169: Business economics

Follow this link for further information on academic years Academic Year: 2012/3
Follow this link for further information on owning departmentsOwning Department/School: School of Management
Follow this link for further information on credits Credits: 6
Follow this link for further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Follow this link for further information on period slots Period: Semester 1
Follow this link for further information on unit assessment Assessment: EX 100%
Follow this link for further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Follow this link for further information on unit rules Requisites:
Follow this link for further information on unit content Description: Aims:
This unit aims to provide an understanding of the operation of the microeconomic environments in which business operates. In doing so it aims to highlight some of the frameworks and analytical tools used by economists, and to show how these are relevant to business decisions and can assist in providing insights into the nature of the competitive environment.

Learning Outcomes:
By the end of this unit, students should be able to perform some basic analysis of markets and firms of their own choosing.

Skills:
Grasp of basic microeconomic concepts and their applicability to the real world (taught, facilitated and assessed), critical thought, writing and analytical awareness (facilitated, assessed), ability to construct an argument (facilitated, assessed), Interpretation of data (assessed).

Content:
Introduction to Business Economics, focussing on Microeconomic theory of the firm and industry, and related analytical frameworks. Topics to be covered include demand conditions, cost conditions, the competitive environment, models of market structure, pricing and the extent of competition.
Follow this link for further information on programme availabilityProgramme availability:

MN50169 is Compulsory on the following programmes:

School of Management
  • TMMN-AFM32 : MSc Human Resource Management and Consulting (Full-time)
  • TMMN-AFM03 : MSc Management (Full-time)
  • TMMN-AFM20 : MSc Management with Corporate Social Responsibility (Full-time)
  • TMMN-AFM08 : MSc Management with Finance (Full-time)
  • TMMN-AFM06 : MSc Management with Human Resource Management (Full-time)
  • TMMN-AFM07 : MSc Management with Marketing (Full-time)
  • TMMN-AFM10 : MSc Management with Operations (Full-time)
  • TMMN-AFM30 : MSc Sustainability and Management (Full-time)

MN50169 is Optional on the following programmes:

Department of Social & Policy Sciences

Notes:
* This unit catalogue is applicable for the 2012/13 academic year only. Students continuing their studies into 2013/14 and beyond should not assume that this unit will be available in future years in the format displayed here for 2012/13.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.