BM6501: Management Economics

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Please note this module descriptor is indicative of the structure of this course and may be subject to change.

BM6501: Management Economics

Module Title Management Economics
Module Code BM6501
Module Tutor Jim Keane
School Business School
CAT Points 15
Level of Study 6
Brief Description

The module assumes knowledge of the key principles of microeconomics and macroeconomics.  It considers the contribution that this knowledge can make to analysing specific management problems.  The module will focus on specific strategic issues and evaluate the way in which economics helps in finding solutions.

Indicative Syllabus

This module will analyse a number of strategic issues that economics can be helpful in solving.  The main topics of the module will vary according to the specific issues being considered, but will likely include:

  1. Pricing in competitive markets
  2. Costs in relation to output
  3. Markets for capital and labour
  4. Global economic contexts
  5. Risk concepts and analysis
  6. Interrelationships between the financial and real economy
  7. Contemporary economic issues
  8. Students will be set activities and consider the topics in real world contexts.
Learning Outcomes

A student passing this module should be able to:

  1. Evaluate how economics helps management decision making in relation to complexity, and uncertainty.  (PLO2)
  2. Analyse long term issues in business management arising from the changing economic environment.  (PLO3)
  3. Think logically, conceptually, and critically about the relationship between the economic environment and business.  (PLO4)
  4. Communicate effectively in writing.  (PLO6)
  5. Undertake independent research to a high and rigorous standard. (PLO5)
Learning and Teaching Activities Scheduled Contact Hours: 24
Independent Learning Hours: 126
Assessment (For further details see the Module Guide) 001: 25% Coursework: Individual, presentation and paperwork: 700 words equivalent
002: 75% Coursework: Individual, standard written: 2100 words or equivalent
Special Assessment Requirements
Indicative Resources The current reading list can be found in the Module Guide, which your lecturer should make available via Moodle.

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