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 Dominique.Demougin@liverpool.ac.uk |
||
Year | CATS Level | Semester | CATS Value |
Session 2018-19 | 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 |
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: |