Core Module Information
Module title: Business Economics in Practice

SCQF level: 11:
SCQF credit value: 10.00
ECTS credit value: 5

Module code: SOE11158
Module leader: Kenny Crossan
School The Business School
Subject area group: Management

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

Description of module content:

The module will expose students to use critical economic analysis in business decision making and strategy development within social framework. The theoretical business and economics essential knowledge allowing for this is to be gained in the first year of the programme and the module is going to allow students to apply the theoretical concepts in practice. The skills and academic knowledge combined will constitute one of the pillars of the Business Practice Project crowning the programme. The detailed topic areas are:*Introduction to economic decision making;*Application of the business economics in market analysis;*Optimal decisions using marginal analysis;*The macroeconomic environment of businesses;*Application of the business economics in market analysis;

Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Critically analyse business decision-making process and the social framework, within which firms' decisions are made including its economic, legal, sociological, and political aspects.

LO2: Critically assess business strategy within a framework of different market structures including critical examination of the social outcomes and their sustainability.

LO3: Critically assess the role and influence of macroeconomic environment on the business applying data analysis and critical evaluation of the data sources both at national and international levels.

LO4: Critically prepare and analyse strategies leading to potential sustainable business growth on the local as well as international markets while evaluating them from the social and business perspective.

Full Details of Teaching and Assessment
2023/4, Trimester 1, In Person,
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Member of staff responsible for delivering module: Piotr Jaworski
Module Organiser:

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 5
Face To Face Tutorial 10
Online Guided independent study 85
Total Study Hours100
Expected Total Study Hours for Module100

Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 100 1~2~3~4 8 , WORDS= 2000
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Indicative References and Reading List - URL:
SOE11158 Business Economics in Practice