2008/09 Undergraduate Module Catalogue
LUBS2420 Business Economics
10 creditsClass Size: 160
Module manager: Professor Virginie Perotin
Email: vp@lubs.leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2008/09
Pre-requisite qualifications
LUBS1940 Economics for ManagementOR
LUBS1950 Economic Theory & Applications 1
This module is approved as an Elective
Module summary
This module is about what economists have to say about firms once we go beyond traditional micro and take into account the existence of uncertainty and imperfect information. The course covers the theories at the basis of the most exciting developments in microeconomics in the last twenty years. Issues we look at include why firms exist, corporate governance, authority in the employment relationship and what makes people work.Further information about the Business School is available on the website: Business SchoolObjectives
On completing this module, students will be able to demonstrate: A clear knowledge and understanding of the different economic perspectives on the nature and organisation of firms; A basic knowledge of the relevant literature; and an ability to apply the corresponding concepts and models to discussions for firm behaviour and efficiency in different instituational settings.Syllabus
The focus of the module is on the economics of organisation and of management. We cover: The meaning of efficiency in the basic theory of the firm; the reasons why firms exist; transactions costs; risk and uncertainty; the principal-and-agent relationship; corporate governance and the performance of managers; and authority and incentives in the employment contract.
Teaching methods
Delivery type | Number | Length hours | Student hours |
Lecture | 11 | 1.00 | 11.00 |
Seminar | 4 | 1.00 | 4.00 |
Private study hours | 85.00 | ||
Total Contact hours | 15.00 | ||
Total hours (100hr per 10 credits) | 100.00 |
Opportunities for Formative Feedback
Sample exam questions will be covered in the fortnightly tutorials to give students feedback on their progress.Methods of assessment
Exams
Exam type | Exam duration | % of formal assessment |
Standard exam (closed essays, MCQs etc) | 2 hr 00 mins | 100.00 |
Total percentage (Assessment Exams) | 100.00 |
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 websiteLast updated: 07/05/2009
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- Undergraduate module catalogue
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