LUBS1940 Economics for Management
20 creditsClass Size: 300
Module manager: Dr Kevin Reilly
Email: ktr@lubs.leeds.ac.uk
Taught: Semesters 1 & 2 View Timetable
Year running 2014/15
Pre-requisite qualifications
Mathematics of at least GCSE grade B standard.
This module is mutually exclusive with
LUBS1950 Economic Theory & Apps 1
This module is approved as an Elective
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
- International macroeconomics
Teaching methods
Delivery type Number Length hours Student hours
Lecture 28 1.00 28.00
Seminar 7 1.00 7.00
Private study hours 165.00
Total Contact hours 35.00
Total hours (100hr per 10 credits) 200.00
Progress monitoring
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.
Tutorials will cover questions that reinforce the lecture material and provide feedback to the students on the correct answers from the four term tests.
Methods of assessment
Coursework
Assessment type Notes % of formal assessment
In-course MCQ Four 30 minute term tests. The final mark will be the highest mark achieved from: (A) The three highest marks obtained on the four 30 minutes term tests (10 percent of final mark for each of the counted tests) plus a three hour final exam (70 percent of final mark); or (B) One three hour examination (100 percent of final mark). 30.00
Total percentage (Assessment Coursework) 30.00
Exams
Exam type Exam duration % of formal assessment
Unseen exam (MCQ, essays, etc.) 3 hr 00 mins 70.00
Total percentage (Assessment Exams) 70.00
Reading list
The reading list is available from the Library website
Last updated: 23/04/2014
20 creditsClass Size: 300
Module manager: Dr Kevin Reilly
Email: ktr@lubs.leeds.ac.uk
Taught: Semesters 1 & 2 View Timetable
Year running 2014/15
Pre-requisite qualifications
Mathematics of at least GCSE grade B standard.
This module is mutually exclusive with
LUBS1950 Economic Theory & Apps 1
This module is approved as an Elective
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
- International macroeconomics
Teaching methods
Delivery type Number Length hours Student hours
Lecture 28 1.00 28.00
Seminar 7 1.00 7.00
Private study hours 165.00
Total Contact hours 35.00
Total hours (100hr per 10 credits) 200.00
Progress monitoring
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.
Tutorials will cover questions that reinforce the lecture material and provide feedback to the students on the correct answers from the four term tests.
Methods of assessment
Coursework
Assessment type Notes % of formal assessment
In-course MCQ Four 30 minute term tests. The final mark will be the highest mark achieved from: (A) The three highest marks obtained on the four 30 minutes term tests (10 percent of final mark for each of the counted tests) plus a three hour final exam (70 percent of final mark); or (B) One three hour examination (100 percent of final mark). 30.00
Total percentage (Assessment Coursework) 30.00
Exams
Exam type Exam duration % of formal assessment
Unseen exam (MCQ, essays, etc.) 3 hr 00 mins 70.00
Total percentage (Assessment Exams) 70.00
Reading list
The reading list is available from the Library website
Last updated: 23/04/2014
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