In this module, you will discuss and apply different economic concepts and principles, such as: demand and supply, market equilibrium, elasticities of demand and supply, market structures, or market failures. Additionally, in this module, you will use means of economic analysis to analyse variety of contemporary societal problems and policy issues.

Assessment 1 will assess Learning Outcomes 2 and 3. Assessment 1 will be a 1,500-word essay written on a contemporary topic applying theories covered during the lectures/tutorial sessions.

Assessment 2 will assess Learning Outcome 1 and the exam will include combination of multiple-choice questions, short-answer questions, longer answer questions and calculations.

1. Demonstrate knowledge and understanding of the key microeconomic and macroeconomic concepts.
2. Demonstrate the knowledge and understanding of the rationale and the importance of public policies.
3. Apply economic analysis to variety of business and wider societal situations.

Students are expected to commit a total of 200 hours towards achieving the learning outcomes. Out of those 200 hours, 48 hours will be in direct contact with a tutor and 152 hours will be directed, guided and self-study. All the materials – including learning materials and independent learning materials – will be provided.

A mixture of activities including lectures, relevant videos and in-class discussions, individual and group problem-solving and self-directed learning will be utilised in this module.

Managerial Economics will explore key microeconomic and macroeconomic concepts and principles. The module will focus on exploration of economic analysis of contemporary societal topics, and the relevance of economic analysis in business settings.

VLE learning material
University’s library and learning resources
Selection of research reports, official statistics, and contemporary case studies
Module handbook

Mankiw, N. (2020) Principles of Economics, 9th edition. Boston: Cengage.
Mankiw, N. and Taylor, M. (2020). Economics, 5th edition. Boston: Cengage.
Gillespie, A. (2019). Foundations of Economics, 5th edition. New York: Oxford University Press.