Module Descriptors
ANALYSING BUSINESS AND ENVIRONMENTAL INFORMATION
ECON40074
Key Facts
Faculty of Business, Education and Law
Level 4
30 credits
Contact
Leader: Junie Tong-Clark
Email: J.T.Tong@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 72
Independent Study Hours: 228
Total Learning Hours: 300
Assessment
- GROUP PRESENTATION weighted at 30%
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 70%
Module Details
Module Indicative Content
Microeconomic Analysis (part one of the module)
Introductory concepts
Demand and Supply
Equilibrium and disequilibrim
Elasticity
Market failure
Government intervention
Supporting statistics
. Basic stats: mean, mode etc standard deviation
. Demand and supply equations
. Elasticitiy equations
. Graphs
. Relationships: correlation, regression
. Costs
Macroeconomic analysis (part two of the module
Introductory concepts
Aggregate demand; circular flow of income
Fiscal Policy
Monetary Policy
International trade
Protectionism/Free trade
Europe and the euro
Supporting statistics:
. Multiplier equations, basic AD equations
. Use of data
. Indexes (e.g. CPI)
. GDP deflator (real and nominal values)
. Official statistics- exercises with these (including presentation)
. Exchange rate questions
. Absolute and comparative advantage with maths
. Confidence Intervals
Introductory concepts
Demand and Supply
Equilibrium and disequilibrim
Elasticity
Market failure
Government intervention
Supporting statistics
. Basic stats: mean, mode etc standard deviation
. Demand and supply equations
. Elasticitiy equations
. Graphs
. Relationships: correlation, regression
. Costs
Macroeconomic analysis (part two of the module
Introductory concepts
Aggregate demand; circular flow of income
Fiscal Policy
Monetary Policy
International trade
Protectionism/Free trade
Europe and the euro
Supporting statistics:
. Multiplier equations, basic AD equations
. Use of data
. Indexes (e.g. CPI)
. GDP deflator (real and nominal values)
. Official statistics- exercises with these (including presentation)
. Exchange rate questions
. Absolute and comparative advantage with maths
. Confidence Intervals
Module Learning Strategies
The learning strategy for the module requires students to commit 300 learning hours (including assessment). There will be 72 hours of class support and 228 hours of independent and self directed study.
Students will engage with:
. a mix of lectures/ tutorials and small group activities, plus self directed learning. Learning support material will be provided for independent /self directed learning.
. participation in group activities, involving peer assessment
. undertake their own (contemporary) research
. Workshops
. Technology supported activities (e.g. wiki development)
Students will engage with:
. a mix of lectures/ tutorials and small group activities, plus self directed learning. Learning support material will be provided for independent /self directed learning.
. participation in group activities, involving peer assessment
. undertake their own (contemporary) research
. Workshops
. Technology supported activities (e.g. wiki development)
Module Texts
Sloman, J. and Wride, A. (2010) Economics 7th edition. Financial Times Prentice Hall
Taylor, S. (2005) Business Statistics 2nd edition. Palgrave Macmillan.
Taylor, S. (2005) Business Statistics 2nd edition. Palgrave Macmillan.
Module Resources
A range of resources, including, University library and IT facilities, the Internet, journals and databases
Module Additional Assessment Details
A mid term group presentation demonstrating Learning Outcomes 1 and 4 (30%)
An individual exam (90 minutes) demonstrating Learning Outcomes 2, 3 and 4 (70%)
An individual exam (90 minutes) demonstrating Learning Outcomes 2, 3 and 4 (70%)