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2019/20 Undergraduate Module Catalogue

LUBS1940 Economics for Management

20 creditsClass Size: 480

Module manager: Fazil Acar
Email: M.F.Acar@lubs.leeds.ac.uk

Taught: Semesters 1 & 2 View Timetable

Year running 2019/20

Pre-requisite qualifications

Mathematics of at least GCSE grade B standard.

This module is mutually exclusive with

LLLC1363Introduction to Economics
LUBS1951Economic Theory and Applications
LUBS1952Economic Theory and Applications for Finance

This module is not approved as a discovery module

Module summary

The aim of this module is to give students a grounding in basic economic theory as it applies to business. The concern of this module is developing the students ability to use the economic view of firms, markets and the economy in general in their decision making process.

Objectives

On completion of this module, students will be able to demonstrate:
- a clear understanding of basic economic principles relevant to the business firm and to the macro economic environment;
- an understanding of simple models used in micro and macro economic analysis;
- an ability to apply the main economic principles and models to business and management problems and to problems of market economics;
- an ability to interpret simple economic data relevant to the business firm and the market; and
- an understanding of the role of economic policy and institutions in the economy.

Learning outcomes
The aim of this module is to give students a grounding in basic economic theory as it applies to business. The concern of this module is developing the students ability to use the economic view of firms, markets and the economy in general in their decision making process.

Further information about the Business School is available on the website: Business School


Syllabus

- Basic theory of price and output
- The analysis of costs and pricing in private sector organisations
- The analysis of market structures
- The analysis of competition between firms
- The determination of the level of economic activity
- Macroeconomic issues (unemployment, inflation, etc) and policy

Teaching methods

Delivery typeNumberLength hoursStudent hours
Lecture301.0030.00
Seminar101.0010.00
Private study hours160.00
Total Contact hours40.00
Total hours (100hr per 10 credits)200.00

Opportunities for Formative Feedback

Students are expected to take an active part in the seminar / workshop’s and will be required to answer a set of questions in and prior to each tutorial.

Progress will be monitored by contributions made to the tutorials; there will also be an opportunity for self-review of progress by comparing one's own answers with the discussions in each workshop.

There will be review sessions in the final week of both semesters, which will provide suggestions on how best to prepare for the final examination.

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
In-course MCQFour Online Quiz (each comprising of 2.5 %)10.00
Total percentage (Assessment Coursework)10.00

The resit for this module will be 100% by 2 hour examination.


Exams
Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)1 hr 00 mins30.00
Standard exam (closed essays, MCQs etc)2 hr 00 mins60.00
Total percentage (Assessment Exams)90.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 20/09/2019

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