Module Descriptors
ECONOMIC ENVIRONMENT
ECON40218
Key Facts
Digital, Technology, Innovation and Business
Level 4
15 credits
Contact
Leader: Paul Dobson
Email: Paul.Dobson@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
ASSESSMENT DETAILS
An individual exam (90 minutes) demonstrating Learning Outcomes 1, 2 and 3
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.
LEARNING OUTCOMES
1. UNDERSTAND UNDERLYING BASIC CONCEPTS AND PRINCIPLES ASSOCIATED WITH MACROECONOMICS.
Knowledge & Understanding
Learning
2. UNDERSTAND UNDERLYING BASIC CONCEPTS AND PRINCIPLES ASSOCIATED WITH MICROECONOMICS
Knowledge & Understanding
Learning
3. APPLY ELEMENTARY CONCEPTS TO SOLVE BASIC ECONOMIC PROBLEMS
Analysis
Application
Knowledge & Understanding
Learning
Problem Solving
Knowledge & Understanding
Learning
2. UNDERSTAND UNDERLYING BASIC CONCEPTS AND PRINCIPLES ASSOCIATED WITH MICROECONOMICS
Knowledge & Understanding
Learning
3. APPLY ELEMENTARY CONCEPTS TO SOLVE BASIC ECONOMIC PROBLEMS
Analysis
Application
Knowledge & Understanding
Learning
Problem Solving
LEARNING STRATEGIES
Whole group sessions - a series of participatory lectures will disseminate knowledge and understanding as the foundation for a structured programme of tutorial sessions.
Small group sessions - a series of weekly tutorial sessions where students will work individually and in groups on practical exercises to reinforce their learning.
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.
Students will be provided with general guidance in the module study guide, and receive specific guidance and training where needed.
Small group sessions - a series of weekly tutorial sessions where students will work individually and in groups on practical exercises to reinforce their learning.
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.
Students will be provided with general guidance in the module study guide, and receive specific guidance and training where needed.
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
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
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.