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MN30746: Economics, evolution and complexity

[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: Honours (FHEQ level 6)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Assessment detail for this unit will be available shortly. (CW 100%)
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 MN20012 OR take MN20747 OR ( take ES20011 AND take ES20012 )
Description: Aims:
This unit aims to provide students with the opportunity to engage critically with the proposition that an economy is a continuously evolving complex adaptive system. This perspective should encourage students to perceive of business problems in a dynamic context where the outcomes of applied business policies are difficult to predict a priori due to complex feedback processes involving other stakeholders.

Learning Outcomes:
On completion of this unit students should be able to describe the generic features of a complex adaptive system. They will be able to model various types of complex system. They will be able to build system dynamics models from first principles. They will be able to build simple agent-based models. They will understand the property of 'emergence'. Students will have developed a deeper appreciation of the role and nature of firms in a complex economy.

Skills:
The unit will nurture and develop the analytical and critical faculties of students. It will also develop conceptual modelling ability and abstract thinking. Computer simulation-model building (using open source software).

Content:
The unit will nurture and develop the analytical and critical faculties of students. It will also develop conceptual modelling ability and abstract thinking. Computer simulation-model building (using open source software).
Further information on programme availabilityProgramme availability:

MN30746 is Optional on the following programmes:

School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 3)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 4)
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 4)
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 4)
  • UMMN-AFB04 : BSc(Hons) Management (Year 3)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 4)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 4)
Department of Politics, Languages and International Studies
  • UXXX-AYB05 : BSc(Hons) International Management and Modern Languages (French) with Year Abroad (Year 4)
  • UXXX-AYB04 : BSc(Hons) International Management and Modern Languages (German) with Year Abroad (Year 4)
  • UXXX-AYB06 : BSc(Hons) International Management and Modern Languages (Spanish) with Year Abroad (Year 4)

Notes: