EC100-4-FY-CO:
Economics for Business
2020/21
Economics
Colchester Campus
Full Year
Undergraduate: Level 4
Current
Thursday 08 October 2020
Friday 02 July 2021
30
24 August 2020
Requisites for this module
(none)
(none)
(none)
EC111
EC115, EC120, EC245, EC246, EC335
BSC N400 Accounting,
BSC N401 Accounting (Including Foundation Year),
BSC N402 Accounting (Including Year Abroad),
BSC N404 Accounting (Including Placement Year),
BSC N420 Accounting and Finance,
BSC N422 Accounting and Finance (Including Placement Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NNK3 Accounting and Finance (Including Year Abroad),
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad),
BSC NN24 Accounting and Management,
BSC NN27 Accounting and Management (Including Placement Year),
BSC NN42 Accounting and Management (Including Foundation Year),
BSC NNK2 Accounting and Management (Including Year Abroad),
BSC N390 Banking and Finance,
BSC N391 Banking and Finance (Including Foundation Year),
BSC N392 Banking and Finance (Including Placement Year),
BSC NH90 Banking and Finance (Including Year Abroad),
BSC N200 Business Management,
BSC N201 Business Management (Including Foundation Year),
BSC N202 Business Management (Including Year Abroad),
BSC N204 Business Management (Including Placement Year),
BSC N300 Finance,
BSC N301 Finance (Including Foundation Year),
BSC N302 Finance (Including Year Abroad),
BSC N304 Finance (Including Placement Year),
BSC N2N5 Management and Marketing (Including Foundation Year),
BSC NN25 Management and Marketing,
BSC NN2M Management and Marketing (Including Placement Year),
BSC NNF5 Management and Marketing (Including Year Abroad),
BSC N344 Finance and Management,
BSC N345 Finance and Management (Including Year Abroad),
BSC N346 Finance and Management (Including Placement Year),
BSC N347 Finance and Management (Including Foundation Year),
BA LN10 Business Economics,
BA LN11 Business Economics (Including Year Abroad),
BA LN12 Business Economics (Including Placement Year),
BA LX10 Business Economics (Including Foundation Year),
MMANNN35 Marketing and Management,
MMANNN36 Marketing and Management (Including Placement Year),
MMANNN37 Marketing and Management (Including Year Abroad)
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.
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.
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.
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.
2 lectures per week, weeks 2-11, 16-25. 1 class per week, weeks 3-11, 16-25, 30-32
- Mankiw, N.; Taylor, Mark. (2020-01-29) Microeconomics, London: Cengage Learning EMEA.
- Mankiw, N. Gregory; Taylor, Mark P. (2020) Economics, Andover: Cengage Learning.
- Mankiw, N.; Taylor, Mark. (2020-01-29) Macroeconomics, London: Cengage Learning EMEA.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
27/10/2020 - Moodle Quiz 01 |
|
12.50% |
| Coursework |
10/11/2020 - Moodle Quiz 02 |
|
12.50% |
| Coursework |
24/11/2020 - Moodle Quiz 03 |
|
12.50% |
| Coursework |
08/12/2020 - Moodle Quiz 04 |
|
12.50% |
| Coursework |
15/12/2020 - Moodle Quiz 05 |
|
0% |
| Coursework |
08/03/21 - Moodle Test (Spring) |
|
50% |
| Exam |
Main exam: 180 minutes during Summer (Main 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
Reassessment
Module supervisor and teaching staff
Dr Lukas Altermatt, email: l.altermatt@essex.ac.uk.
Dr Xiaoyu Xia, email: xiaoyu.xia@essex.ac.uk.
Lukas Altermatt and Xiaoyu Xia
For further information, please send an email message to ueco@essex.ac.uk
Yes
Yes
No
Dr Giancarlo Ianulardo
University of Exeter Business School
Lecturer in Economics
Available via Moodle
Of 1895 hours, 0 (0%) hours available to students:
1895 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Economics
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