- Academic Registry
Programme & Unit Catalogues

MN20747: Economics of the industry and firm

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
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: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: EX100
Further information on unit assessment Assessment Detail:
  • Assessment detail for this unit will be available shortly.
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take MN10070 OR take MN10567
Description: Aims:
This unit builds upon the economic analysis of the firm and its environment that was taught in first year primer Business Economics units (MN10070 or MN10567). It focuses upon the growth of the firm and the strategies through which these are achieved.

Learning Outcomes:
By the end of this unit students will have learned to apply economic theory to analyse practical business problems and will be able to provide recommendations with respect to strategy and policy. This will involve critical evaluation of both internal and external (market) efficiencies, alongside new opportunities offered within/outside the firm's boundaries.

Critical Reading of the academic and wider literature (F,A) Critical Writing (F,A) Interpretation of data (T,A) Application of economics and management theories to the real world (T,A)

Managerial and behavioural theories of the firm, asymmetric information, rationale for the existence of firms, optimal boundaries of the firm, network economics, and innovation economics.
Further information on programme availabilityProgramme availability:

MN20747 is Optional on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 2)
  • UMMN-AFB04 : BSc(Hons) Management (Year 2)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 2)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 2)
Department of Politics, Languages and International Studies
  • UXXX-AYB05 : BSc(Hons) International Management and Modern Languages (French) with Year Abroad (Year 2)
  • UXXX-AYB04 : BSc(Hons) International Management and Modern Languages (German) with Year Abroad (Year 2)
  • UXXX-AYB06 : BSc(Hons) International Management and Modern Languages (Spanish) with Year Abroad (Year 2)


  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
  • Programmes and units are subject to change 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.
  • Find out more about these and other important University terms and conditions here.