ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title MANAGERIAL ECONOMICS
Code ULMS848
Coordinator Prof DM Demougin
Economics, Finance and Accounting
Dominique.Demougin@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2017-18 Level 7 FHEQ First Semester 10

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
None 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
BLBA BLHI HIFI

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 20
Students will be taught in half/full day blocks.
8
Students will be taught in half/full day blocks.
        28
Timetable (if known)              
Private Study 72
TOTAL HOURS 100

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Coursework  2000 words  Semester one  70  Yes  Standard UoL penalty applies  Individual assignment 
Coursework  3000 words  Semester one  30  Yes  Standard UoL penalty applies  Group report Notes (applying to all assessments) Students who fail the 30% group report component will be reassessed via a 1500 word individual report. 

Aims

This module aims to provide students with an understanding of key economic concepts, tools and techniques which can be applied to analyse and make decisions about organisational performance.

Learning Outcomes

Develop an understanding of key economic principles and apply these to analyse business enterprises.

Understand competitive forces, formulate rational managerial decisions and allocate resources efficiently.

Understand the key elements involved in determining market structure, and the impact of market structure on organisations.

Access a range of data sources and develop advanced data analysis skills.

Teaching and Learning Strategies

Lecture - Students will be taught in half/full day blocks.

Seminar - Students will be taught in half/full day blocks.

Syllabus
1 

Introduction, market allocation and demand.

Production, costs, supply and market structures.

Pricing with market power, creating and capturing value.

Game theory.

Devising and managing incentives.

Economics for managerial decision-making.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.
Explanation of Reading List: