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School of Social Sciences

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BAEcon Economics
Learn how the social sciences can help you to understand today's world.

BAEcon Economics

Year of entry: 2018

Course unit details:
Business Economics IB

Unit code ECON20342
Credit rating 10
Unit level Level 2
Teaching period(s) Semester 2
Offered by Economics
Available as a free choice unit? Yes

Overview

See course Blackboard pages.

Pre/co-requisites

Unit title Unit code Requirement type Description
Business Economics 1A ECON20341 Pre-Requisite Compulsory
Co-requisite: ECON20341

Aims

The aim of this course is to develop an understanding of the economic analysis of the behaviour of firms as business institutions and to introduce students to essential elements of competition policy and regulation.

Learning outcomes

At the end of this course students should be able to demonstrate their understanding of:

  1. Welfare implications of different market structures.
  2. Competition policy and its implementation.
  3. Different regulatory policies and their implementation.

Syllabus

Lecture 1: Introduction.

Lecture 2-4: Welfare Implications of Monopoly - Oligopoly - Perfect Competition; Price Regulation of Natural Monopoly.

Lectures 5-7: Market Concentration and Collusive Behaviour.

Lectures 8-10: Horizontal Mergers and Vertical Integration.

Lecture 11: Revision/Mock Exam.

Teaching and learning methods

Lectures and tutorial classes.

Employability skills

Analytical skills
Applying theoretical knowledge to real-world business case studies and problems.

Assessment methods

Method Weight
Other 20%
Written exam 80%
  • Online Assignment 1 - Mid-Term, multiple choice questions (10%).
  • Online Assignment 2 - Mid-Term, multiple choice questions (10%).
  • Final Exam - multiple choice and short written answers/structured essay (80%).

Feedback methods

Students are expected to submit answers to a set of multiple-choice questions (via the course Blackboard site) before each tutorial. Feedback will be provided automatically, and students who fail the test will be expected to submit handwritten answers to tutorial questions before / at the beginning of the respective tutorial, in order to receive feedback and model answers.


Students who fail to pass the test and to hand in the answers will have to contact the TAs during their office hours.


Students will also have an opportunity to attend a revision mock exam session (as part of the final lecture). In addition to generic feedback given in the session, they will then have the opportunity to submit their answers electronically for individual feedback.

Recommended reading

No compulsory textbook – optional readings will be provided via Blackboard.

Study hours

Scheduled activity hours
Assessment written exam 1.5
Lectures 11
Tutorials 5
Independent study hours
Independent study 82.5

Teaching staff

Staff member Role
Michal Krol Unit coordinator

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