Economics for Business

PLEASE NOTE: This module is inactive. Visit the Module Directory to view modules and variants offered during the current academic year.

The details
Colchester Campus
Full Year
Undergraduate: Level 4
Thursday 05 October 2023
Friday 28 June 2024
18 December 2023


Requisites for this module


EC115, EC120, EC245, EC246, EC335

Key module for


Module description

The Economics for Business module provides an introductory overview of modern economics, including examples in microeconomics that have a bearing on the world of business, i.e., the organisation of firms, the economic implications of their objectives, and the markets in which they operate. The topics covered in the module are, however, the same as a standard introductory economics module (e.g. EC111 Introduction to Economics).

Economics for Business is designed for students with no previous background in economics. Although, the approach is analytical as befits modern economics, the analysis is pursued in a non-technical manner, with the principles developed using verbal reasoning complemented with graphical methods.

Module aims

This module aims to provide a broad overview of economics for business. It aims to give students a basic understanding of the key ideas in economics, both in micro and in macroeconomics, and to apply these to explain contemporary issues in the news, in the business world and policymaking.

Module learning outcomes

Upon completion of the module, students will be able to demonstrate an awareness of the concepts and principles central to the discipline of economics. They will be able to apply those principles to analyse elementary economic problems and to comment on their implications. Students will be able to discuss the predictions of elementary theories of the firm in a variety of market contexts (including perfect competition, monopoly and oligopoly). They will also be able to assess the implications government economic polices in the context of the theories covered in the module. The module contributes towards the key skills of problem solving, numeracy, communication, working with others, time management, and general business skills.

Employability skills include: Academic skills: Literacy, numeracy and ICT skills. Research, information and communication skills; Professional working skills: adaptability; flexibility, decision-making; External awareness: economic and business environment and policy; Personal development planning: Time management, target setting and action planning, self management, reflection and evaluation.

Module information

EC100 Economics for Business is intended for students in the first year of the Essex Business School. The module is designed as an overview of economics for students who do not intend to pursue the discipline beyond the introductory level (i.e., beyond level 4) it is a terminal module.

Learning and teaching methods

2 lectures per week, weeks 2-11, 16-25. 1 class per week, weeks 3-11, 16-25, 30-32


This module does not appear to have a published bibliography for this year.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Coursework weighting
Exam  Main exam: Remote, Open Book, 180 minutes during Summer (Main Period) 
Exam  Reassessment Main exam: Remote, Open Book, 180 minutes during September (Reassessment Period) 

Additional coursework information

Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance. For modules including a term paper, the term paper will be returned with individualised feedback that addresses what the marking criteria are and how you could improve your own work.

Exam format definitions

  • Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
  • In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
  • In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
  • In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary, for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.

Your department will provide further guidance before your exams.

Overall assessment

Coursework Exam
50% 50%


Coursework Exam
0% 100%
Module supervisor and teaching staff
Dr Lukas Altermatt, email:
Dr Xiaoyu Xia, email:
Lectures: Xiaoyu Xia (Autumn) & Lukas Altermatt (Spring) / Classes: Various teachers
For further information, please send an email message to



External examiner

Dr Giancarlo Ianulardo
University of Exeter Business School
Lecturer in Economics
Available via Moodle
Of 1919 hours, 190 (9.9%) hours available to students:
1729 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information

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