Teaching Responsibility
LJMU Schools involved in Delivery:
Engineering
Learning Methods
Lecture
Off Site
Tutorial
Module Offerings
4106MAR-SEP-CTY
Aims
To provide the student with a fundamental knowledge of the economic theory which underpins the theory of organisations
Learning Outcomes
1.
Demonstrate understanding of fundamental economic theory
2.
Show awareness of key business economic issues
3.
Apply economic theory to the maritime and logistics sectors
4.
Appraise issues relating to government intervention in the sectors
Module Content
Outline Syllabus:Supply, demand and equilibrium. Macro and microeconomics. Opportunity cost and scarcity. Price mechanisms in a free market. Factors affecting supply and demand. Elasticity of supply and demand. Long run and short run decision making. Consumer demand and behaviour. Utility theory. Competition, monopoly and market regulation. Case studies derived from the logistics and maritime sectors.
Module Overview:
This module will provide you with a fundamental knowledge of the economic theory which underpins the theory of organisations.
This module will provide you with a fundamental knowledge of the economic theory which underpins the theory of organisations.
Additional Information:An introductory economics module for Maritime and Logistics students.