Core Module Information
Module title: Business Economics and Finance in a Global Environment

SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: SOE11146
Module leader: Alina Gavris
School The Business School
Subject area group: Generic - Business School

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

Description of module content:

This module will teach you the most essential analytical tools required for economic decision making
such as: the concepts of economic systems, profit and utility maximisation, demand elasticity, market
equilibrium, market structures, macroeconomic objectives, government policies’ (monetary, fiscal and
trade policies) tools and their impact on businesses. You will also learn how to evaluate the
advantages and disadvantages to the business of a range of sources of finance, how managers report
on the financial affairs and financial position of the business, and how to analyse financial reports in
order to evaluate business performance.

Learning Outcomes for module:

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
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

Full Details of Teaching and Assessment

Indicative References and Reading List - URL:
SOE11146 - Business Economics and Finance in a Global Environment