Module Descriptors
LEISURE BUSINESS ECONOMICS
XXXX47024
Key Facts
Faculty of Business, Education and Law
Level 4
15 credits
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
Module Indicative Content
With special reference to sport and leisure examples this module will look at basic issues of scarcity, choice, value, and how and why resource allocation may be organised in free markets, or in controlled markets, or by government. Supply, demand, money, prices, elasticity and markets in both the 'formal' and 'informal' economies will be examined. The business organisation and its environment, enterprise and risk, finance, deindustrialisation, and business and competitive structures will be described. Short run and long run costs, fixed and variable costs, average, total and marginal costs, economies and diseconomies of scale, minimum efficient scale and the growth of businesses, either organically or through mergers and takeovers, will be studied. Business structure, behaviour, pricing and output strategies, and the need for government regulation of business activity will be discussed.
Module Texts
Cooke, A. (1994) The Economics of Leisure and Sport. Routledge.
Sloman, J & Sutcliffe, M. (1998) Economics for Business. Prentice Hall.
'WinEcon', Sloman Edition CD-ROM. (2002) FT/Prentice Hall.
Griffiths, A., and Wall, S. (2001) Applied Economics, 9th Ed. Longmans.
Wolsey, C., & Abrams, J. (2001) Understanding the Leisure & Sport Industry. Longmans.
Sloman, J & Sutcliffe, M. (1998) Economics for Business. Prentice Hall.
'WinEcon', Sloman Edition CD-ROM. (2002) FT/Prentice Hall.
Griffiths, A., and Wall, S. (2001) Applied Economics, 9th Ed. Longmans.
Wolsey, C., & Abrams, J. (2001) Understanding the Leisure & Sport Industry. Longmans.
Module Resources
Recommended texts, library facilities, university web pages, on-line resources including Sloman's web pages and student support material, software packages like 'WinEcon', word processing facilities.
Module Learning Strategies
The 3 hours per week class contact time will be devoted to a variety of learning activities and environments including experiencing lecture material, worksheets and exercises, group discussions and presentations, and the use of AVA material such as video recordings. The independent study time will include directed reading and preparation for classes, the use of resources such as 'WinEcon' online or via CD-ROM, the use of web sites linked to the recommended texts and other web resources, as well as preparation for assessments.
Module Additional Assessment Details
End of semester two hour unseen examination paper (100%) will assess all the learning outcomes of this module.
Students will be provided with formative feedback via the use of multi-choice tutorial question sheets and other class-based exercises, and will be encouraged to use on-line multi-choice question resources for the same purpose.
Students will be provided with formative feedback via the use of multi-choice tutorial question sheets and other class-based exercises, and will be encouraged to use on-line multi-choice question resources for the same purpose.