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| Module Delivery |
| Autumn Semester |
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| Assessment Requirements |
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Units of Assessment
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Method(s)
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Weighting towards Module Mark (%)
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Examination
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2-hour paper
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50%
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Coursework
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2 assignments
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50%
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| Module Overview |
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| Prerequisites/Co-requisites |
| Normal entry requirements for degree course in ETITB |
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| Module Aims |
To introduce the basic concepts of economics, the national economy and business finance, with particular emphasis on technological companies. |
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| Learning Outcomes |
Upon successful completion of the module, students should:
- Be familiar with basic economic concepts.
- Be familiar with the forces and mechanisms affecting national economies.
- Understand the basics of business finance.
- Understand company accounts
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| Module Content |
Introduction
- Basic economic ideas
- Principles underlying national economies and business operations
- Function of international and national financial institutions
The National Economy (macroeconomics)
- National income accounts
- External influences
- Employment and unemployment
- Fiscal and monetary policy
- Inflation
Business Economics (microeconomics)
- Supply and demand
- Markets and competition
- Costs and prices
Business Finance
- Profit and loss; assets and liabilities
- Investment and planning; sources and cost of finance
- Major financial statements
- Analysis of Company Accounts
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| Methods of Teaching/Learning |
12 hours of lectures, 12 hours of tutorials, 12 hours of practical classes/laboratories, and 64 hours independent learning.
Total student learning time 100 hours.
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| Selected Texts/Journals |
Recommended background reading
To be advised in class
Required reading
Begg D, Fischer S and Dornbusch R, Foundations of Economics, McGraw-Hill, 2000.
Atril P and McLaney E, Accounting and Finance for Non-Specialists, Prentice Hall, 2000. |
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| Last Updated |
15th August 2006 |
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