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 GLOBAL ECONOMIC (AND BUSINESS) ENVIRONMENT
Code ECON159
Coordinator Dr L Han
Economics
Lu.Han2@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 4 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ACFI204 FINANCIAL MANAGEMENT; ACFI314 QUANTITATIVE BUSINESS FINANCE; ACFI304 BUSINESS FINANCE 

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:

 

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 24

        5

29
Timetable (if known)              
Private Study 121
TOTAL HOURS 150

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
Assessment 1: Analytical Skills Assessment Assessment Type: Coursework Duration: Approximately 1 hour online quiz (not timed) Weighting: 20% Reassessment Opportunity: Yes Penalty for Late   Approximately 1 hour    20       
Assessment 2: Individual Report Assessment Type: Coursework Size: 2500 Words Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous A  -2500 words    80       

Aims

The aim of this module is to introduce students to: the theoretical basis of economic integration the main economic features of the European Union the workings of the main institutions the major current policy issues.


Learning Outcomes

(LO1) Students will be able to describe the main economic aspects of the global economic and business environment in recent years.

(LO2) Students will be able to identify major economic issues experienced by nations and institutions.

(LO3) Students will be able to use appropriate economic analysis to examine such issues.

(LO4) Students will be able to develop cognitive skills of analysis and synthesis.

(LO5) Students will be able to identify major themes and issues relating to the global economic and business environment.

(LO6) Students will be able to develop the ability to conduct individual study by drawing on multiple data sources.

(LO7) Students will be able to develop the ability to discuss current policy issues, particularly as they affect the UK.

(LO8) Students will be able to identify ethical issues in the interactions of global business networks.

(S1) Problem solving skills

(S2) Commercial awareness

(S3) International awareness

(S4) Lifelong learning skills

(S5) Ethical awareness

(S6) IT Skills

(S7) Communication Skills


Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description:
Attendance Recorded: Yes
Notes: 12 x 2 hours

Teaching Method 2 - Workshop
Description:
Attendance Recorded: Yes
Notes: 5 x1 hr

Costs Information:
Additional costs may include reasonable printing costs or purchase of recommended texts.

Skills/Other Attributes Mapping

Skills / attributes: Problem solving skills
How this is developed: lectures and workshops
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Commercial awareness
How this is developed: lectures and workshops
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: International awareness
How this is developed: lectures and workshops
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Lifelong learning skills
How this is developed: lectures and workshops
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Ethical awareness
How this is developed: lectures and workshops
Mode of assessment (if applicable)

Skills / attributes: IT Skills
How this is developed: lectures and workshops
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Communication Skills
How this is developed: Workshop participation
Mode of assessment (if applicable)


Syllabus

 

Background; the origins of the EEC and Britain’s approach to membership.
Institutions; major EU institutions, with particular regard as to economic aspects.
Economics of Integration; measures to bring about trade liberalisation and the theory of customs unions.
Economic Union; background to the creation of the Single European Market in 1992 and the economic results achieved.
Community Budget; the budgetary process and the main sources of income and expenditure.
The Common Agricultural Policy (CAP); a review of its evolution and current problems.
Regional & Cohesion Policies: the economic rationale for regional policy and its implementation.
Competition Policy; the development of competition policy and problems of implementation.  
Social Policy; the main areas of Social Policy as they affect economic areas within the EU.
Monetary Union; the creation of the Euro zone and Britain’s approach to membership.  
The Euro Crisis. Community Enlargement; the process of enlargement and the benefits and problems of creating EU27. (If time permits)


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.