- Academic Registry
Course & Unit Catalogues


MN20747: Economics of the industry and firm

[Page last updated: 23 October 2023]

Academic Year: 2023/24
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Period:
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Examination (EX 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must take MN10070 OR take MN10567
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.


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.

Skills: 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)

Content: 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.

Course availability:

MN20747 is Optional on the following courses:

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)

Notes:

  • This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
  • Courses 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.