Module Descriptors
BUSINESS ECONOMICS A
ECON50129
Key Facts
School of Justice, Security and Sustainability
Level 5
15 credits
Contact
Leader: Tolulope Olarewaju
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- Coursework - Group work and presentation weighted at 40%
- Coursework - class test (1 hour) weighted at 60%
Module Details
Indicative Content
This module extends students' understanding of key concepts in the analysis of consumer and producer
behaviour under different market conditions. Particular attention will paid to the role of choice and
information in economic decision making. The module will particularly focus on the role of market
structure as a key factor determining the equilibrium level of output and price. Economic efficiency,
including the coverage of externalities and public goods, will be also studied.
Throughout the module, the emphasis will be on the application of theory to practical problems and
policy issues.
behaviour under different market conditions. Particular attention will paid to the role of choice and
information in economic decision making. The module will particularly focus on the role of market
structure as a key factor determining the equilibrium level of output and price. Economic efficiency,
including the coverage of externalities and public goods, will be also studied.
Throughout the module, the emphasis will be on the application of theory to practical problems and
policy issues.
Assessment Details
Group work including problems and exercises which would be handed in and a short presentation given
to the class,
40% (Tests Learning Outcomes 1-3);
1 hour Class test at the end of the learning block, 60% (Tests All Learning Outcomes)
to the class,
40% (Tests Learning Outcomes 1-3);
1 hour Class test at the end of the learning block, 60% (Tests All Learning Outcomes)
Learning Strategies
The learning strategy for the module requires students to commit 150 learning hours (including
assessment) of this there will be 36 hours of class support and 114 hours of independent and self
directed study (24 hours of formal lectures/large group activities, 12 hours of tutorials). Learning
support materials will be provided for the module.
Students are expected to work in small groups to prepare answers to problems and exercises provided
in the weekly handout and present their answers to the class in the weekly seminars. These problems
and exercises will not only strengthen students understanding of the topics covered in lectures but will
also extend their knowledge of the subject by application of the theory to policy issues, and allow
formative feedback.
assessment) of this there will be 36 hours of class support and 114 hours of independent and self
directed study (24 hours of formal lectures/large group activities, 12 hours of tutorials). Learning
support materials will be provided for the module.
Students are expected to work in small groups to prepare answers to problems and exercises provided
in the weekly handout and present their answers to the class in the weekly seminars. These problems
and exercises will not only strengthen students understanding of the topics covered in lectures but will
also extend their knowledge of the subject by application of the theory to policy issues, and allow
formative feedback.
Texts
Perloff J M (2004), Microeconomics, 3rd ed., N.Y.: Pearson Addison Wesley
Resources
The Library
The internet
The internet
Special Admission Requirements
Have studied People, Prices and Profits or equivalent.
Learning Outcomes
1. DEMONSTRATE KNOWLEDGE AND UNDERSTANDING OF THE WELL
ESTABLISHED CONCEPTS AND PRINCIPLES AND THEIR LIMITS IN ECONOMIC
(Knowledge and Understanding)
2. EVALUATE AND ASSESS THE APPLICATION OF ALTERNATIVE THEORIES TO
REAL WORLD PROBLEMS
(Analysis)
(Learning)
(Problem Solving)
3. DEVELOP THE ABILITY TO WORK IN A GROUP, INTERACT WITH MEMBERS OF
THE GROUP, PREPARE ANSWERS TO WEEKLY QUESTIONS SET IN THE LECTURE
PROGRAMME, AND MAKE SHORT PRESENTATIONS TO THE CLASS
(Application)
(Communication)
(Problem Solving)
ESTABLISHED CONCEPTS AND PRINCIPLES AND THEIR LIMITS IN ECONOMIC
(Knowledge and Understanding)
2. EVALUATE AND ASSESS THE APPLICATION OF ALTERNATIVE THEORIES TO
REAL WORLD PROBLEMS
(Analysis)
(Learning)
(Problem Solving)
3. DEVELOP THE ABILITY TO WORK IN A GROUP, INTERACT WITH MEMBERS OF
THE GROUP, PREPARE ANSWERS TO WEEKLY QUESTIONS SET IN THE LECTURE
PROGRAMME, AND MAKE SHORT PRESENTATIONS TO THE CLASS
(Application)
(Communication)
(Problem Solving)