Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Tutorial
Module Offerings
7511YPCM-SEP-PAR
Aims
To develop concepts and insights that mainly explores short run business issues. This module will examine the longer run aspects of business and the economic environment in which companies operate in order to equip students with an understanding of concepts in micro and macroeconomics, as relevant for the study of strategic decisions of firms to real world business problems and strategy choices.
Learning Outcomes
1.
Analyse knowledge in game theory and industrial organisation including theories of monopoly and oligopoly.
2.
Critically evaluate knowledge of the theory of decision making under uncertainty and auctions
3.
Investigate understanding on key concepts such as aggregate supply/aggregate demand models, price level by comparing the concept of aggregate demand in a closed and open economics.
4.
Critically analyse macroeconomic issues with the help of theories by adapting given models to current macroeconomic policy problems.
5.
Critically evaluate the theory through the macroeconomic models with the purpose of generating economic interpretations on economic growth.
Module Content
Outline Syllabus:Monopoly Pricing
Oligopolistic Market
Game Theory
Choice under Uncertainty
Auctions
Aggregate Demand in a Closed Economy
Aggregate Demand in an Open Economy
Aggregate Demand, Aggregate Supply and Price Level
Inflation and Unemployment
Macroeconomics Policies
Economic Growth
Additional Information:This module will examine the longer run aspects of business and the economic environment in which companies operate in order to equip students with helpful insights to business decision-making and public policy relating to business.