Module Descriptors
ECONOMIC ENVIRONMENT
ECON40117
Key Facts
Digital, Technology, Innovation and Business
Level 4
15 credits
Contact
Leader: Ema Talam
Email: ema.talam@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 100%
Module Details
Module Indicative Content
The module will focus on the economic context of business and how competition, the behaviour of financial markets, and government economic policy can influence an organisation. Key microeconomic techniques underlying price determination and profit maximisation decisions will also be considered.
Areas covered will include:
The Macroeconomic Context of Organisations
The Goals and Competitiveness of Organisations
The Market System
The Financial System
When studied as part of the BA (Hons) Accounting and Finance, BA (Hons) Accounting and Business, Two Year BA (Hons) Accounting and Finance, Two Year BA (Hons) Accounting and Business, the successful completion of this module may lead to an exemption from a professional accountancy qualification - for up to date information on accreditation and exemptions please contact the Award Leader.
Areas covered will include:
The Macroeconomic Context of Organisations
The Goals and Competitiveness of Organisations
The Market System
The Financial System
When studied as part of the BA (Hons) Accounting and Finance, BA (Hons) Accounting and Business, Two Year BA (Hons) Accounting and Finance, Two Year BA (Hons) Accounting and Business, the successful completion of this module may lead to an exemption from a professional accountancy qualification - for up to date information on accreditation and exemptions please contact the Award Leader.
Module Additional Assessment Details
Details - An individual exam (90 minutes) demonstrating Learning Outcomes 1, 2 and 3
Module Texts
BPP CIMA text C04 (2012). Fundamentals of Business Economics
Gillespie, A. (2014). Foundation of Economics. Oxford, UK: Oxford University Press.
Gillespie, A. (2014). Foundation of Economics. Oxford, UK: Oxford University Press.
Module Resources
Module study guide
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Internet
Plus
Quality newspapers
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Internet
Plus
Quality newspapers
Learning Strategies
The module learning strategy consists of the following weekly:
1. Weekly flipped lecture videos that students watch before coming to the class.
2. A one hour flipped classroom where students engage in activities with the guidance of the Tutor – a series of classroom activities supported by materials available on the Virtual Learning Environment (VLE) or/and are technologically enhanced to guide further self-directed study at a pace and time convenient to the student.
3. A one hour lecture - a series of participatory lectures will disseminate knowledge and understanding as the foundation for a structured programme of tutorial sessions.
4. A one hour tutorial - a series of weekly tutorial sessions where students will work individually and in groups on practical exercises to reinforce their learning are provided via a range of software including Microsoft Powerpoint and Kahoot. Students are also encouraged to raise any questions they might have. The class room delivery will be supported by materials available on the VLE to guide further self-directed study at a pace and time convenient to the student."
1. Weekly flipped lecture videos that students watch before coming to the class.
2. A one hour flipped classroom where students engage in activities with the guidance of the Tutor – a series of classroom activities supported by materials available on the Virtual Learning Environment (VLE) or/and are technologically enhanced to guide further self-directed study at a pace and time convenient to the student.
3. A one hour lecture - a series of participatory lectures will disseminate knowledge and understanding as the foundation for a structured programme of tutorial sessions.
4. A one hour tutorial - a series of weekly tutorial sessions where students will work individually and in groups on practical exercises to reinforce their learning are provided via a range of software including Microsoft Powerpoint and Kahoot. Students are also encouraged to raise any questions they might have. The class room delivery will be supported by materials available on the VLE to guide further self-directed study at a pace and time convenient to the student."