Global Opportunities

ACC2063 : SA Sem 1 Managerial and Business Economics

Semesters
Semester 1 Credit Value: 10
ECTS Credits: 5.0

Aims

To introduce students to economic issues and decision-making tools, relating to major topics like demand analysis and estimation and production and cost functions.

Outline Of Syllabus

OPTIMISATION: A BRIEF REVIEW
•       Univariate optimisation
•       Multivariate optimisation

CONSUMPTION & DEMAND
• Axioms of traditional consumer theory
• Quantitative demand analysis
• Indifference curves, consumption decisions and demand

PRODUCTION, COSTS & SUPPLY
• Economic analysis of production
• Cost functions (traditional and modern)
• The organization of the firm

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials31:003:00Pre-recorded lecture materials (semester 1)
Scheduled Learning And Teaching ActivitiesLecture91:009:00PiP lectures (1 hour each): 9 in semester 1.
Guided Independent StudyAssessment preparation and completion125:0025:00For completion of summative and formative assessments.
Guided Independent StudyDirected research and reading135:0035:00Includes a component related to the project plus reading on lecture topics.
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00PiP seminars: 3 x 1 hour sessions in semester 1
Structured Guided LearningStructured non-synchronous discussion20:301:00Non-synch discussion board. Two in semester 1 (30 min each).
Guided Independent StudyIndependent study119:0019:00Independent study - general.
Scheduled Learning And Teaching ActivitiesScheduled on-line contact time51:005:00Zoom sessions for project held in following weeks 7/11, 14/11, 21/11, 28/11, 5/12
Total100:00
Jointly Taught With
Code Title
ACC2002Managerial and Business Economics
Teaching Rationale And Relationship

Formal lectures are used to explain the issues, and to introduce concepts and techniques. Revision sessions are held, designed to be both explanative and interactive and offering the opportunity to explore issues raised in lectures. Students have the opportunity to develop and practise key skills in these sessions. Students are able to judge their progress in the module through feedback in these sessions. Large group feedback sessions are used to provide answers to quantitative questions in the 2000 word report.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Report1A1002000 word report
Assessment Rationale And Relationship

The 2000 word report provides an opportunity for students to demonstrate their business knowledge and written communication (report writing) skills.

Reading Lists

Timetable