EC100-4-FY-CO:
Economics for Business

The details
2019/20
Economics
Colchester Campus
Full Year
Undergraduate: Level 4
Current
Thursday 03 October 2019
Friday 26 June 2020
30
30 July 2019

 

Requisites for this module
(none)
(none)
(none)
EC111

 

EC111, EC115, EC120, EC245, EC246, EC329, EC335

Key module for

BSC N400 Accounting,
BSC N400JS Accounting,
BSC N400NS 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 N420JS Accounting and Finance,
BSC N420NS 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),
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 N390JS Banking and Finance,
BSC N390NS Banking and Finance,
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 N201JS 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 N301JS Finance (Including Foundation Year),
BSC N302 Finance (Including Year Abroad),
BSC N304 Finance (Including Placement Year),
BSC N340 Financial Management,
BSC N343 Financial Management (Including Placement Year),
BSC NH40 Financial Management (Including Year Abroad),
BSC NN25 Management and Marketing,
BSC NN25JS Management and Marketing,
BSC NN25NS 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)

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

Bibliography*

  • Mankiw, N. Gregory; Taylor, Mark P. (2017) Microeconomics, Andover: South-Western Cengage Learning.

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 Weighting
Coursework Spring term test 50%
Coursework Autumn term assignment 50%
Exam 180 minutes during Summer (Main Period) (Main)

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
50% 50%
Module supervisor and teaching staff
Lectures: Miss Zeina Alsharkas (Autumn) & Mr Miguel Gavilan Rubio (Spring) / Classes: Various teachers
For further information, please send an email message to ueco@essex.ac.uk

 

Availability
Yes
Yes
No

External examiner

Dr Hui Pan
Coventry University
Senior Lecturer
Resources
Available via Moodle
Of 452 hours, 365 (80.8%) hours available to students:
11 hours not recorded due to service coverage or fault;
76 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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