Module Descriptors
BUSINESS ENVIRONMENT 2
ECON50123
Key Facts
Digital, Technology, Innovation and Business
Level 5
15 credits
Contact
Leader: Anne Harbisher
Email: A.Harbisher@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- CLASS-TEST weighted at 100%
Module Details
ASSESSMENT DETAILS
A Class Test length 1.5 Hours weighted at 100% (Tests Learning Outcomes 1 and 2)
INDICATIVE CONTENT
The business environment (internal and external) and how it affects decision-making in different functional details
Macroeconomic aspects: circular flow of income, aggregate expenditure and demand, fiscal and monetary policy; exports, imports, exchange rates; trade and globalisation; introduction to the EU and international business.
Political and Ethical aspects: government policy, corporate social responsibility, the environment, public vs private equity
Macroeconomic aspects: circular flow of income, aggregate expenditure and demand, fiscal and monetary policy; exports, imports, exchange rates; trade and globalisation; introduction to the EU and international business.
Political and Ethical aspects: government policy, corporate social responsibility, the environment, public vs private equity
LEARNING OUTCOMES
1. ANALYSE THE INTERACTION OF THE INTERNAL AND EXTERNAL INFLUENCES ON A BUSINESS IN ITS ENVIRONMENT, AND GENERATE SOLUTIONS TO THE PROBLEMS CAUSED BY THAT INTERACTION Analysis
Application
Communication
Problem Solving
2. DEMONSTRATE KNOWLEDGE AND UNDERSTANDING OF THE CONCEPTS OF THE MACROECONOMY AND ITS RELEVANCE TO BUSINESS.
Knowledge & Understanding
3. ANALYSE AND ASSESS THE VALIDITY OF COMPETING ARGUMENTS WITH REFERENCE TO KEY MACRO ENVIRONMENT ISSUES.
Analysis
Application
Learning
4. COMMUNICATE EFFECTIVELY, INFORMATION AND ARGUMENTS MAINLY IN WRITTEN FORM. Communication
Application
Communication
Problem Solving
2. DEMONSTRATE KNOWLEDGE AND UNDERSTANDING OF THE CONCEPTS OF THE MACROECONOMY AND ITS RELEVANCE TO BUSINESS.
Knowledge & Understanding
3. ANALYSE AND ASSESS THE VALIDITY OF COMPETING ARGUMENTS WITH REFERENCE TO KEY MACRO ENVIRONMENT ISSUES.
Analysis
Application
Learning
4. COMMUNICATE EFFECTIVELY, INFORMATION AND ARGUMENTS MAINLY IN WRITTEN FORM. Communication
RESOURCES
Library
Internet
On-line databases
TV/Video
Module Website
Quality Newspapers
Journals
Internet
On-line databases
TV/Video
Module Website
Quality Newspapers
Journals
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
TEXTS
Gillespie, A. (2014) Foundations of Economics, 3rd ed. New York: Oxford University Press
Krugman, P., and Wells, R. (2013) Economics, 3rd ed. New York: Macmillan
Sloman, J., Wride, A., and Garratt, D. (2012) Economics, 8th ed. Essex: Pearson
Krugman, P., and Wells, R. (2013) Economics, 3rd ed. New York: Macmillan
Sloman, J., Wride, A., and Garratt, D. (2012) Economics, 8th ed. Essex: Pearson
Learning Strategies
The learning strategy for this module is based around students committing a total of 150 hours of activities towards achieving the learning outcomes. These will be split between 39 hours of direct contact with a tutor and 111 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.