BMAN10612
Business Economics
10
Semester 2
Undergraduate
Level 1
Adrien Querbes
Unit coordinator
1
FHEQ level (Framework for Higher Education Qualifications) ' First part HE study/Bachelors '
European Credit Transfer & Accumulation System Rating : 5.0
<p>Analysing market demand, factors affecting firms; cost, profit analysis, pricing, competition in various kinds of market structure, strategic behaviour, firm growth (mergers and acquisitions), the impact of governments on company policies, interpreting economic data, the macroeconomic environment. In analysing all these topics, the course relies heavily on, and where practical, current examples and case studies, rather than mathematical modelling. </p>
<p>Analysing market demand, factors affecting firms; cost, profit analysis, pricing, competition in various kinds of market structure, strategic behaviour, firm growth (mergers and acquisitions), the impact of governments on company policies, interpreting economic data, the macroeconomic environment. In analysing all these topics, the course relies heavily on, and where practical, current examples and case studies, rather than mathematical modelling. </p>
<p>To provide an insight into the nature and usefulness of economic analysis, focusing on those concepts that are relevant to the needs of businesses.</p>
<p>At the end of the course students should be able to list and analyse the factors influencing the sales revenue and profitability, explain various pricing concepts and strategies, analyse the factors determining the intensity and type of competition in different markets, understand key strategies used by firms to pursue growth, give examples of the impact that government policies can have on companies, interpret basic economic data and summarise recent developments in the economy.</p>
<p>Lectures: 24 hours - 2 hrs per week x 12 weeks<br/>Private Study: 76 hours<br/>Total Study: 100 hours</p><p>Total study hours: 100 hours split between lectures, classes, self-study, readings, preparation for classes and examinations.</p>
0
Other
100%
<p>Written examination (100%). <br /><br /> </p>
<p>- Informal advice and discussion at the end of lectures and during office hours.<br/>- Online exercises and quizzes delivered through the Blackboard course space.<br/>- Responses to student emails and questions.<br/>- Specific course related feedback sessions.<br/>- Generic feedback posted on Blackboard regarding overall examination performance.</p>
<p><br />
</p>
Y
<p style="margin-left:5.7pt;">Any of the following books will be good introductory texts to accompany most of the issues in the lectures. Please note, no one text will cover all the issues:</p><p style="margin-left:5.7pt;">- John Sloman & Kevin Hinde & Dean Garratt (core text, any edition), Economics for Business, Prentice Hall</p><p style="margin-left:5.7pt;">- David Begg & Damian Ward (alternative text, any edition), Economics for Business, McGrawHill</p><p style="margin-left:5.7pt;"><br/> </p><p style="margin-left:5.7pt;"> </p><p><br/><br/><br/> </p>
Assessment written exam
2
Lectures
24
0
74
<p>Length of course: 12 weeks<br/>Pre-requisites: None<br/>Co-requisites: None<br/>Dependent course units: None</p><p>Programme Restrictions: Available as a free choice option to students who have received prior agreement from their registering School. Not available to BSc in Management/Management (Specialism), IMABS, IM, BSc Accounting, ITMB & IBFE.</p><p>BMAN10612 is available to visiting and exchange students admitted through the Study Abroad Unit at the University of Manchester.<br/> </p><p>For Academic Year 2024/25</p><p>Updated: March 2024</p><p>Approved by: March UG Committee</p><p> </p>