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MN50169: Business economics

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 0%, EX 100%
Further information on unit assessment Assessment Detail:
  • Essay (CW 0%)
  • Examination (EX 100%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions 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.

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).

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.
Further information on programme availabilityProgramme availability:

MN50169 is Compulsory on the following programmes:

School of Management