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2016/17 Undergraduate Module Catalogue

MECH2640 Economics and Management

20 creditsClass Size: 250

Module manager: Dr Alistair Norman
Email: A.W.T.Norman@lubs.ac.uk

Taught: Semesters 1 & 2 View Timetable

Year running 2016/17

This module is mutually exclusive with

LUBS1170Introduction to Management
LUBS1850Organisational Behaviour
LUBS1940Economics for Management

Module replaces

LUBS 1220 Economics of IndustryLUBS 2190 Company Organisation

This module is not approved as a discovery module

Objectives

Business Economics:
- to understand the economics of the engineering business enterprise.

On completion students will:
- be familiar with economic concepts relevant to manufacturing enterprise;
- be able to apply these to business problems and compare basic theory with business practice;
- be able to identify the structure of an industrial market and analyse the effects of that structure on the performance of firms and the actions of firms in response to competition in the industry;
- understand principles of finance for manufacturing investment.

Business Organisation:
- to identify the major internal and external influences in managing a business;
- to outline the basic structures involved in a business organisation;
- to understand theories and models that describe/prescribe the process of management;
- to make, justify and evaluate decisions about business situations;
- to understand the interrelationship between functional management and general management processes.

Syllabus

Business Economics:
- economics of production processes and costs;
- product demand and the theory and practice of pricing;
- the firm in different market structures;
- strategic interaction of firms;
- investment decisions.

Business Organisation:
- Introduction: developing a whole systems perspective to the nature of management, foundations of management understanding, managing in a global environment and the environment and corporate culture.
- Planning: organisational goal setting; strategy formulation and implementation and managerial decision making.
- Organising: fundamentals, structural design, innovation and change, human resource management.

The lectures will be supported by seminars and self managed study focusing on applying module concepts to two case studies.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Lecture62.0012.00
Lecture101.0010.00
Seminar101.0010.00
Private study hours168.00
Total Contact hours32.00
Total hours (100hr per 10 credits)200.00

Private study

Reading, preparation for seminars, assignments: 168 hours.

Opportunities for Formative Feedback

Students will be provided with formative feedback via seminars through exercises and case studies used and by provisional marks on the written assignments.

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
Group Project/Project/DissertationCase Study12.50
Group ProjectCase Study12.50
Total percentage (Assessment Coursework)25.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated


Exams
Exam typeExam duration% of formal assessment
Unseen exam 1 hr 30 mins37.50
Unseen exam 1 hr 30 mins37.50
Total percentage (Assessment Exams)75.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 07/02/2017

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