2023/24 Undergraduate Module Catalogue
LUBS1940 Economics for Management
20 creditsClass Size: 541
Module manager: Fazil Acar
Email: M.F.Acar@lubs.leeds.ac.uk
Taught: Semesters 1 & 2 (Sep to Jun) View Timetable
Year running 2023/24
Pre-requisite qualifications
Minimum GCSE Mathematics grade B.This module is mutually exclusive with
| LLLC1363 | Introduction to Economics |
| LUBS1951 | Economic Theory and Applications |
| LUBS1952 | Economic 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.
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 type | Number | Length hours | Student hours |
| Lecture | 30 | 1.00 | 30.00 |
| Seminar | 10 | 1.00 | 10.00 |
| Private study hours | 160.00 | ||
| Total Contact hours | 40.00 | ||
| Total hours (100hr per 10 credits) | 200.00 | ||
Private study
This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.Opportunities for Formative Feedback
Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.Methods of assessment
Coursework
| Assessment type | Notes | % of formal assessment |
| In-course MCQ | 4 x 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 type | Exam duration | % of formal assessment |
| Standard exam (closed essays, MCQs etc) | 1 hr 00 mins | 30.00 |
| Standard exam (closed essays, MCQs etc) | 2 hr 00 mins | 60.00 |
| 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 websiteLast updated: 28/04/2023 14:49:13
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