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IB91T - Economics for Management and Business

  • Module code: IB91T
  • Module name: Economics for Management and Business
  • Department: Warwick Business School
  • Credit: 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

"Organisations exist within macroeconomic and market contexts that significantly impact upon their behaviour and performance. This module is designed to introduce students to (i) some understanding of how macroeconomic and market contexts themselves are determined and change over time and (ii) how the context impacts upon organisational decision making. The module takes an Economics based approach to the issues at hand and as such will also introduce a number of basic concepts used by economists, illustrate the use of these concepts in business, and illustrate how Economics as a discipline can be used to approach business related questions. The course will require that students also become familiar with major recent national and international economic and business trends. The tools of economic analysis presented in this module will generally provide a basis of approach to a wide variety of management and business issues as well as some understanding of a variety of national and international policies that are a further aspect of the environments within which organisations operate."

Principal learning outcomes

Subject Knowledge and Understanding: Show increased knowledge of the global economy and of key current events; Possess an increased awareness of the effects on business of public policy; Understand why business must cope with uncertainty and risk. Cognitive Skills: Understand core elements of economic analysis and be able to use them; Appreciate the contextual constraint on business decisions and be aware of what a business cannot do or control in its decision making. KEY SKILLS: Develop and demonstrate written communication skills; Develop and demonstrate group/team work, oral communication and presentation skills.

Timetabled teaching activities

Total contact hours: 27; Lectures per week: 1 x 3 hours lectures/seminars /case study presentation; Module duration (weeks, if applicable): 9 weeks.

Departmental link

https://my.wbs.ac.uk

Module assessment

Assessment group Assessment name Percentage
15 CATS (Module code: IB91T-15)
A1 (Assessed work only) Assessed Course Work 100%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core

N/A

Optional

N/A