Teaching Responsibility
LJMU Schools involved in Delivery:
Liverpool Business School
Learning Methods
Lecture
Online
Seminar
Module Offerings
4703SERCBU-JAN-CTY
Aims
To introduce students to economic ideas and their relevance to business decisions.
Learning Outcomes
1.
Describe how markets work and the conditions that lead to market failure.
2.
Explain how competition between firms affects business behaviour.
3.
Describe the main macroeconomic objectives and policy options for achieving them.
Module Content
Outline Syllabus:
Economic systems and the importance of prices
Demand, supply
Elasticity Market structures.
The labour market and minimum wages.
Market failure and the rationale for government intervention in markets.
Macroeconomic policy objectives
Economic growth: what it is, why it matters and policy alternatives.
Unemployment: what it is, why it matters and policy alternatives.
Inflation: what it is, why it matters and policy alternatives
International trade and exchange rate systems
Economic systems and the importance of prices
Demand, supply
Elasticity Market structures.
The labour market and minimum wages.
Market failure and the rationale for government intervention in markets.
Macroeconomic policy objectives
Economic growth: what it is, why it matters and policy alternatives.
Unemployment: what it is, why it matters and policy alternatives.
Inflation: what it is, why it matters and policy alternatives
International trade and exchange rate systems
Module Overview:
Introducingeconomic ideas students and demonstrating the importance of economics for business, this module describes how markets work and the conditions that lead to market failure. Students will learn abouthow competition between firms affects business behaviour.
Introducingeconomic ideas students and demonstrating the importance of economics for business, this module describes how markets work and the conditions that lead to market failure. Students will learn abouthow competition between firms affects business behaviour.
Additional Information:
For the part-time programme, modules will be delivered through blended learning
For the part-time programme, modules will be delivered through blended learning