MN22167: Intermediate microeconomics of the industry and firm
[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 exam (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 MN12217
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| Learning Outcomes: |
- Obtain basic knowledge of key areas of management such as business economics, marketing, law, information systems and operations management, and accounting and finance.
- Identify key management challenges and issues.
- Evaluate real-life management problems with a view to identifying feasible solutions.
- Critically discuss and evaluate management theory and practice.
- Identify and scope problems in context.
- Apply models, theories, and best practice to analyse problems in context.
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| Synopsis: | Use microeconomics to analyse the economic and strategic decisions that derive from operating in a competitive environment. You will explore a range of microeconomic models and analytical tools, and learn how these are helpful in making business decisions. By the end of this unit, you should have developed your ability to apply economic theory to analyse practical business problems and will be able to provide recommendations with respect to strategy and policy.
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| Content: | You will be introduced to, and then apply, economic theory that is useful for analysing problems around various aspects of firms and markets. You will develop your understanding of the theory of the firm and how it provides insights into modern business enterprises. You will also develop your understanding of competition between firms and the strategies firms adopt to better cope with this, along with an understanding of the regulatory constraints imposed by government authorities.
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| Course availability: |
MN22167 is Optional 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-AKB13 : BSc(Hons) International Management with year abroad (Year 2)
- UMMN-AFB14 : BSc(Hons) Management (Year 2)
- UMMN-AKB15 : BSc(Hons) Management with Marketing with work placement (Year 2)
- UMMN-AKB14 : BSc(Hons) Management 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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