Module Directory

This module begins with the realm of management, exploring decision-making at individual, firm, and market levels. It covers essential management topics including models of management, corporate responsibility, communication, and innovation. Subsequently, the module transitions into examining economics perspectives on the role of market in determining prices and resource allocation, offering diverse viewpoints on decision-making to address economic challenges. It then extends into interactions between sectors such as household, firm, financial institution, government and foreign trade.

There is no assumption of prior knowledge of management or economics. It aims to equip students with a holistic understanding of economic and managerial dynamics. Real-life events, case studies and examples, combined with theories and concepts in management and economics, will be explored to foster deeper understanding.

The aims of this module are:

• To provide grounding in a wide range of management theories and practice.


• To introduce students to economic principles, theories, and concepts, and the main conclusions derived from economic analysis.


• To offer students the opportunity to develop the transferable employability skills of critical analysis, problem solving and effective and appropriate communication through application of theory to practice, in-class discussion of case studies and actual contemporary issues.

By the end of this module, students will be expected to be able to:

1. To relate principles and concepts to underlying theoretical framework and approaches in management.


2. To analyse and interpret material from case studies relating to management.


3. To recognise and discuss economic principles, theories and concepts, and be able to apply them to real-life events and examples.


4. To solve economic questions mathematically and be able to interpret the results, as well as be able to use relevant economic diagrams as an analysis tool.

Skills for your professional life (Transferable Skills)

By the end of this module, following transferable skills can be achieved:

1. To develop your analytical and critical thinking skills by applying management and economics concepts to explain and evaluate real world situations.


2. To enhance teamwork skills by working in small groups during seminars.


3. To develop critical thinking skills by debating and discussing contemporary problems in management during seminars.


4. To develop your personal plan of setting targets, time management, and motivation to undertake coursework assignments and homework.


5. To enhance your literacy and numeracy skills, particularly for the interpretation of mathematical solutions within an economic context.


6. To develop your IT skills through navigating module content, engaging in activities, and completing assessments on Moodle learning platform.

Skills for Education for Sustainable Development

The following sustainability elements and topics will be covered in this module:

• Corporate social responsibility


• International cultures and cultural diversity


• Food production and rising population via supply and demand analysis.


• Fishing quota to preserve fish stock.


• Sustainable economic growth and sustainable energy resources.

Fiscal policy, particularly, the role of taxation and subsidy in incentivising sustainable behaviours.

Indicative syllabus

Management Topics

• Models of Management


• The Management Environment


• International Management


• Corporate Responsibility


• Communication


• Leadership and Motivation Entrepreneurship, Creativity, Innovation 

Economics Topics

• Demand and Supply


• Price Control and Quota


• Taxes


• Market Structure and Strategies


• Production, Cost and Profits


• GDP and sustained Long-run Economic Growth


• Unemployment and Inflation


• Aggregate Demand and Aggregate Supply


• Fiscal Policy and Monetary Policies


• International Economics


• Application to Global Events

This module will be delivered via:

• Twenty-two 2-hour lectures
• Twenty-two 2-hour seminars

The lecture will explain the topics covered in the syllabus and will identify the key concepts and points for discussion. The seminar aims to promote interaction among students and familiarise them with relevant terminology. It also aims to provide the opportunity for students to work in pairs or as a group to discuss subject problems and apply appropriate theories and concepts to real-life examples or case studies.

Learning support

Summarised lecture material is provided using PowerPoint presentations, which are on Moodle, together with a variety of reading materials and learning resources. ’Listen Again’ is also available. Formative tests and resulting feedback will enable students to develop their knowledge and skills.

Module Leaders can also be contacted by e-mail or during academic support hours, which are published on the Moodle site.