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2010/11 Undergraduate Module Catalogue

LUBS1941 Economics for Management (Part-time)

20 creditsClass Size: 80

Module manager: Dr Kevin Reilly
Email: ktr@lubs.leeds.ac.uk

Taught: Semesters 1 & 2 (Sep to Jun) View Timetable

Year running 2010/11

Pre-requisite qualifications

Mathematics GCSE (grade C or above) or equivalent.

This module is mutually exclusive with

LUBS1220	Economics of Industry
LUBS1940	Economics for Management
LUBS1950	Economic Theory & Apps 1

This module is not approved as an Elective

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;
- an understanding of the role of economic policy and institutions in the economy.

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 Macroeconomic policy;
- international macroeconomics.

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	14	2.00	28.00
Tutorial	7	1.00	7.00
Private study hours			165.00
Total Contact hours			35.00
Total hours (100hr per 10 credits)			200.00

Opportunities for Formative Feedback

Students will get direct feedback on their tutorial work from the tutors by working through answers in class and also from the answer sheets provided. During tutorials informal tests will be conducted, using questions of the kind that will be asked in the exam.

There will be a mock examination at the end of Semester 1 which will summarise student's progress at this stage.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	3 hr	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 website

Last updated: 03/05/2011

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