There are no pre-requisites for this module to be added

This module will teach you the most essential analytical tools required for economic decision makingsuch as: the concepts of economic systems, profit and utility maximisation, demand elasticity, marketequilibrium, market structures, macroeconomic objectives, government policies? (monetary, fiscal andtrade policies) tools and their impact on businesses. You will also learn how to evaluate theadvantages and disadvantages to the business of a range of sources of finance, how managers reporton the financial affairs and financial position of the business, and how to analyse financial reports inorder to evaluate business performance.

Upon completion of this module you will be able to

LO1: Analyse various types of market structures in which global companies operate and establish their impact on firms’ economic activity.

LO2: Analyse major macroeconomic indicators and establish their impact on a firm’s economic activity.

LO3: Critically evaluate the effects that government policies have on a company’s economic activity.

LO4: Critically evaluate the allocation and use of resources to achieve business goals.

LO5: Assess the advantages and disadvantages of a range of sources of business finance.

LO6: Evaluate a range of theories on the formulation, communication and use of financial budgets and reports.