MN20747: Economics of the industry and firm
[Page last updated: 05 August 2021]
Academic Year: | 2021/2 |
Owning Department/School: | School of Management |
Credits: | 6 [equivalent to 12 CATS credits] |
Notional Study Hours: | 120 |
Level: | Intermediate (FHEQ level 5) |
Period: |
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Assessment Summary: | EX100 |
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Supplementary Assessment: |
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Requisites: | Before taking this module you must take MN10070 OR take MN10567 |
Aims: | This unit builds upon the economic analysis of the firm and its environment that was taught in first year primer Business Economics units (MN10070 or MN10567). It focuses upon the growth of the firm and the strategies through which these are achieved. |
Learning Outcomes: | By the end of this unit students will have learned to apply economic theory to analyse practical business problems and will be able to provide recommendations with respect to strategy and policy. This will involve critical evaluation of both internal and external (market) efficiencies, alongside new opportunities offered within/outside the firm's boundaries. |
Skills: | Critical Reading of the academic and wider literature (F,A)
Critical Writing (F,A)
Interpretation of data (T,A)
Application of economics and management theories to the real world (T,A) |
Content: | Managerial and behavioural theories of the firm, asymmetric information, rationale for the existence of firms, optimal boundaries of the firm, network economics, and innovation economics. |
Programme availability: |
MN20747 is Optional on the following programmes:School of Management
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Notes:
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