- Module code: IB840
- Module name: Economics of the Business Environment
- Department: Warwick Business School
- Credit: 10
Module content and teaching
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; ii. how the context interacts with the internal economics of the firm and how this impacts upon organisational decision-making. This module will 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 module will require that students 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 for other modules offered on the MBA, for example, strategy modules, and also specifically be built upon in second and third term/year electives which will explore: i. how Economics can be used to approach a wider variety of business problems; ii. how Economic analysis has led to a variety of national and international policies that are a further aspect of the environments within which organisations operate.
Principal learning outcomes
"SUBJECT KNOWLDEGE 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 some core elements of economic analysis including the internal economics of the firm and be able to apply them to a variety of organisational and market contexts; Appreciate the contextual constraints on business decisions and be aware of what 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: 30; Lectures per week: 30; Module duration (weeks, if applicable): 5days; Other: Intensive five days of teaching and collaborative group work.
|Assessment group||Assessment name||Percentage|
|10 CATS (Module code: IB840-10)|
|A1 (Assessed work only)||Individual Assignment (3000 words)||80%|
This module is available on the following courses:
- Postgraduate Award in Energy Futures & Transitions (N10A) - Year 1
- Postgraduate Award in Energy Futures & Transitions (N10A) - Year 2