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MN50169: Business economics

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 0%, EX 100%
Further information on unit assessment Assessment Detail:
  • Essay (CW 0%)
  • Examination (EX 100%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
This unit aims to provide an understanding of the operation of the microeconomic environments in which business operates. In doing so it aims to highlight some of the frameworks and analytical tools used by economists, and to show how these are relevant to business decisions and can assist in providing insights into the nature of the competitive environment.

Learning Outcomes:
By the end of this unit, students should be able to perform some basic analysis of markets and firms of their own choosing.

Skills:
Grasp of basic microeconomic concepts and their applicability to the real world (taught, facilitated and assessed), critical thought, writing and analytical awareness (facilitated, assessed), ability to construct an argument (facilitated, assessed), Interpretation of data (assessed).

Content:
Introduction to Business Economics, focussing on Microeconomic theory of the firm and industry, and related analytical frameworks. Topics to be covered include demand conditions, cost conditions, the competitive environment, models of market structure, pricing and the extent of competition.
Further information on programme availabilityProgramme availability:

MN50169 is Compulsory on the following programmes:

School of Management

Notes:

  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.