Module Descriptors
ECONOMIC ANALYSIS OF THE FIRM 1
ECON70104
Key Facts
Digital, Technology, Innovation and Business
Level 7
15 credits
Contact
Leader: Bharati Singh
Email: Bharati.Singh@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 24
Independent Study Hours: 126
Total Learning Hours: 150
Pattern of Delivery
- Occurrence B, Stoke Campus, PG Semester 2
- Occurrence BZ, Stoke Campus, PG Semester 2
Sites
- Stoke Campus
Assessment
- COURSEWORK -ESSAY weighted at 20%
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 80%
Module Details
TEXTS
Hart, O. (1995). Firms, Contracts and Financial Structure. Oxford: OUP.
Hendrikse, G. (2003). Economics and Management of Organisations. McGraw Hill.
Kreps, DM. (2004). Microeconomics for Managers. NY. WW Norton & Co.
Milgrom P and Roberts J. (1992). Economics, Organization and Management. Englewood Cliffs NJ : Prentice Hall
Hendrikse, G. (2003). Economics and Management of Organisations. McGraw Hill.
Kreps, DM. (2004). Microeconomics for Managers. NY. WW Norton & Co.
Milgrom P and Roberts J. (1992). Economics, Organization and Management. Englewood Cliffs NJ : Prentice Hall
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
ASSESSMENT DETAILS
An Exam-length Essay (1200 words) - 20%
An end of semester Examination - 80%
PLEASE NOTE ALTERNATIVE ASSESSMENTS FOR Semester 2 2020/21 DUE TO COVID-19 AS FOLLOWS:
An Exam-length Essay (1200 words) - 20%
Written Assignment - 80%
An end of semester Examination - 80%
PLEASE NOTE ALTERNATIVE ASSESSMENTS FOR Semester 2 2020/21 DUE TO COVID-19 AS FOLLOWS:
An Exam-length Essay (1200 words) - 20%
Written Assignment - 80%
INDICATIVE CONTENT
A review of the neoclassical theory of the firm. Team Production, agency theory, transaction costs and property rights, corporate governance. These theoretical approaches will be elaborated and developed in close conjunction with applied economic studies, for example, in "make or buy" strategies, contract compliance, contract incompleteness, etc.
LEARNING OUTCOMES
1. DEMONSTRATE A SYSTEMATIC UNDERSTANDING OF THE BROAD DEVELOPMENTS IN THE CURRENT ECONOMICS OF FIRMS, MARKETS AND CONTRACTS
Analysis
Knowledge & Understanding
2. DEVELOP CRITICAL ANALYTICAL SKILLS, INCLUDING MATHEMATICAL PRESENTATION, TO INTERPRET THE LATEST DEVELOPMENTS IN THE KEY AREAS OF THE LITERATURE
Analysis
Problem Solving
3. CRITICALLY EVALUATE RECENT APPLIED STUDIES WITH REFERENCE TO EMPIRICAL EVIDENCE
Application
Learning
Analysis
Knowledge & Understanding
2. DEVELOP CRITICAL ANALYTICAL SKILLS, INCLUDING MATHEMATICAL PRESENTATION, TO INTERPRET THE LATEST DEVELOPMENTS IN THE KEY AREAS OF THE LITERATURE
Analysis
Problem Solving
3. CRITICALLY EVALUATE RECENT APPLIED STUDIES WITH REFERENCE TO EMPIRICAL EVIDENCE
Application
Learning
RESOURCES
Library
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.
Web Descriptor
A review of the neoclassical theory of the firm. Team Production, agency theory, transaction costs and property rights, corporate governance. These theoretical approaches will be elaborated and developed in close conjunction with applied economic studies, for example, in "make or buy" strategies, contract compliance, contract incompleteness, etc.