MN22020: Business in its economic context
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
- Semester 1
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| Assessment Summary: | EXOB 100% |
| Assessment Detail: |
- Open book time limited seen examination (EXOB 100%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must take MN12009 OR take MN12011 OR take MN12217 OR take MN10574
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| Learning Outcomes: |
- Recognise fundamental knowledge of business/management in accounting, finance, economics, human resource management, business analytics and marketing
- Identify business/management problems/opportunities in application of concepts and theories
- Reflect on business/management theory and practice in context
- Identify and scope problems in context
- Apply models, theories, and best practice to analyse real life problems
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| Synopsis: | Develop your understanding of the economic environment in which businesses operate. You'll explore a range of concepts, including some of the models and analytical tools used by economists. You'll learn how these are relevant to and helpful in making business decisions and how they help provide insights into the causal relationships within the macroeconomic context.
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| Content: | You will be introduced to a range of Macroeconomic theories which explain the macroeconomic environment in which all organisations conduct their operations. Topics will include: the business cycle, inflation, unemployment, exchange rates, economic growth, GDP, monetary policy (e.g. interest rates) and fiscal policy (e.g. taxes), and the balance of payments.
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| Course availability: |
MN22020 is Compulsory on the following courses:
School of Management
- UMMN-AFB11 : BSc(Hons) Accounting and Management (Year 2)
- UMMN-AKB11 : BSc(Hons) Accounting and Management with work placement (Year 2)
- UMMN-AFB14 : BSc(Hons) Management (Year 2)
- UMMN-AKB14 : BSc(Hons) Management with work placement (Year 2)
MN22020 is Optional on the following courses:
School of Management
- UMMN-AFB10 : BSc(Hons) Accounting and Finance (Year 2)
- UMMN-AKB10 : BSc(Hons) Accounting and Finance with work placement (Year 2)
- UMMN-ANB07 : BSc(Hons) Business with Thin sandwich placement(s) (Year 3)
- UMMN-AKB13 : BSc(Hons) International Management with year abroad (Year 2)
- UMMN-AKB15 : BSc(Hons) Management with Marketing with work placement (Year 2)
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Notes: - This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
- Courses 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.
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