MN50794: The economics of contemporary business issues
[Page last updated: 23 August 2022]
| Academic Year: | 2022/23 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW100 |
 Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| Learning Outcomes: | Successful completion of this unit will result in participants who have developed the ability to:
* Scan the macroeconomic environment and identify drivers of change that will create opportunities and threats for business * Apply specialist techniques and concepts, for economic analysis and business planning * Analyse abstract and complex learning, work or practice contexts * Identify suitable information/data sources. * Structure and present an informed discussion of a key topic, including identifying potential macroeconomic implications. |
| Aims: | The aim of this unit is to provide a foundational understanding of macroeconomic causal relationships (e.g. between the components of GDP, the financial system, and international trade) and to use this as a platform to help inform and analyse the wider context of business issues of the day. Examples of business issues which would have been included in this unit from recent years include Exchange rate volatility, Blockchain, A.I., Fintech, Brexit, the COVID-19 pandemic, geo-political instability, trade wars and sanctions. |
| Skills: | Knowledge and understanding: Apply a systematic understanding of knowledge and specialist theoretical and methodological approaches, suggesting and incorporating interrelationships with other relevant disciplines in abstract and complex contexts.
* Research and synthesise complex information on emergent macroeconomic issues and mega-trends. * Understand the macroeconomic implications of contemporary issues and how these will impact the context of the enterprise. Analysis and evaluation: Conceptualisation and critical thinking: Selects and applies advanced principles, concepts, theoretical frameworks and approaches to critically develop systematic responses to existing discourses and methodologies, suggesting new ideas in unpredictably complex contexts. Systematically and critically analyze and evaluate, incomplete and/or contradictory data and evidence to explain and support conclusions and recommendations in unpredictably complex contexts. Organisation and communication of information: Systematically organises and communicates advanced information, using criteria developed for specialist audiences in unpredictably complex contexts Ethical awareness and application: Systematically apply an advanced awareness of ethical and professional values and codes of conduct, to personal and strategic decisions, actions, responsibilities, outcomes and dilemmas, whilst working proactively with others to suggest and advocate appropriate solutions in complex contexts. Reflect on role of the individual in identifying and responding to macroeconomic risks and trends. |
| Content: | A significant proportion of the unit will focus on introducing macroeconomic frameworks and relationships. This will be followed by in-depth analysis of topics/issues of contemporary interest. The topics will be updated for each session and will be identified at the start of each academic year, preferably with student participation in determining the topics.
There will a number of topics that students will research in advance of the unit. The unit will then provide a forum to discuss the topics in detail, supported by expert guest speakers, to provide students with a clear view of the issues. Students will then work together in groups to identify implications and to determine appropriate responses. |
| Programme availability: |
MN50794 is Compulsory on the following programmes:School of Management
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Notes:
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