This module provides an introduction to the fundamental concepts of finance and in particular:
- understand that there is a relationship between the risk of an investment and the expected returns
- understand the concept of the time value of money and be able to calculate the present value of a single and multiple future cash flows
- be able to apply NPV to project appraisal in realistic situations
- understand the fundamental ideas or portfolio theory and be able to apply the CAPM
- to be able to estimate cost of capital for equity (CAPM and dividend growth model) and bonds (market value and IRR)
Business Law A
This module will introduce you to:
- UK legal framework
- impact of EU legislation
- law of contract - essential elements, performance and remedies
- business and the Law of Tort
- employment law
- law in a local and global context
Business Law B
This module covers:
- legal personality; sole traders; partnerships and Limited Companies
- purpose and legal status of memorandum and articles
- management and the administration of a company
Computers in Business
This module will introduce the use of computers and IT in business today - and in particular spreadsheet modelling - via a lab based assessment and a case study group report and presentation.
Entrepreneurship and Business
The module presents a formal analysis of entrepreneurship in theory and practice leading on to a consideration of creativity and business concept generation. The module concludes with the practical application of these theories and concepts in business planning and business concept presentation.
This module will introduce the nature and purpose of financial accounting. Key accounting concepts, the impact of accounting policy selection, accounting standards and the recording and collating of accounting information will be presented. Financial statements will be developed via double entry bookkeeping from accounting data.
Management Accounting and Decisions I
This module introduces:
- cost concepts and allocation of manufacturing overheads
- absorption and variable costing
- cost-volume-profit analysis
- relevant costing
Microeconomics for Business A
This module introduces you to the microeconomic theory of the market and the firm. Topics covered include:
- market demand
- supply and equilibrium
- firm production and costs
- market structure
- perfect competition
- monopolistic competition
- oligopoly and monopoly
Microeconomics for Business B
The module covers:
- exchange and trade
- gains from trade
- absolute and comparative advantage
- consumer theory
- indifference analysis
- attributes approach
- factor markets
- labour markets
- capital markets
- welfare economics
- market efficiency
- public goods
- information failure
This module will introduce you to the basic ideas of organisational behaviour. The content will encourage you to develop an understanding of managing and developing people within business organisations.
The module will draw its primary material from the major theorists and theories of both organisational psychology and organisational behaviour. The module will also develop links with other aspects of the business school curriculum such as general management and international business.
Quantitative Methods 1B
This module covers:
- economic application of calculus
- confidence intervals
- introduction to hypothesis testing
- partial differentiation
- optimisation of two variables
- random variables
- sampling distributions
Plus 10 credits of approved optional modules.
Insurance in a Risky World
The module examines how insurance markets operate to satisfy commercial and individual customers' demand for protection against risk, and would usually include:
- introduction to insurance
- private and social insurance
- the historical development of insurance
- why buy property/liability insurance
- why buy life, health and pensions insurance
- the supply of insurance
- Lloyd's and the London Insurance Market
- how is insurance distributed to consumers
- the role of insurance in the economy
- international aspects of insurance
- insurance and catastrophes
Origins and Development of the UK Economy
The module provides an opportunity for you to learn how the modern UK economy, whose fortunes they study in other modules, has evolved over the last 300 years.
Starting with the Industrial Revolution of the late 18th century, we will look at how Britain became the 'Workshop of the World' in the mid-19th century, at how relative decline later set in and at the economic impact of the two World Wars. We will end by considering the economy since 1945, including the 'Golden Age' of the 1950s and 1960s, the oil crisis of 1973, the 'Big Bang' in 1986 and the financial crash of 2008.
Throughout, the emphasis will be on how individual businesses have evolved, the opportunities and problems they have faced and how lessons from the past can help in understanding business today and tomorrow.
Quantitative Methods 1A
This module introduces you to:
- descriptive statistics
Strategic Operations Management
This module covers:
- the scope and importance of operations management in both service and manufacturing businesses
- IT and knowledge management to support operations
- competitive operations; strategies for success in manufacturing operations, the links with other business functions
- planning the provision; forecasting and planning, including location and layout of facilities, in the context of the globalised economy, and infrastructure development
- managing the supply chain; competitive advantage through the supply chain, models of the extended and virtual enterprise
- logistics and distribution issues
- timely provision of products and services; methods and techniques used to schedule and control business and manufacturing operations, including inventory and materials management
- achieving quality and freedom from waste; quality management, improvement techniques, cultural issues, measurement of quality performance, service quality
The content will be explored using a variety of management games.
Tourism Futures: the Challenge of Sustainability
This module will survey the international tourism industry in the 21st century. Starting with lectures on the history and sociology of tourism and its broader cultural significance, it will analyse trends in tour operation management, sustainable transport practice, niche markets like eco-tourism, and investigate and evaluate the various social, cultural and environmental impacts which the tourist industry has on destinations.
Accounting Information Systems
This module looks at the use of accounting information systems in financial and management accounting and their control and audit. You'll cover topics such as:
- introduction to systems
- business processes
- budgeting and decision support systems
- internal control and audit
- computer crime and external audit
- enterprise resource planning systems
The module stresses the fundamentals of finance, providing you with a knowledge and understanding of the key finance subjects such as money market, return metric, portfolio models, asset pricing models etc. It equips you with the essential techniques applied in financial calculations. The course will also integrate application areas in finance which have already been introduced to you, or which are being introduced to you concurrently.
Database Design and Implementation
This module examines the process of relational database design and implementation using relevant theory. Applications of modern databases will be studied and all students will be required to create a database system, fully documented, to solve a given problem.
The module will introduce you to the corporate investment and financing decision as well as the interaction between the investment and financing decision.
The module addresses the application of financial reporting principles in preparing financial statements in accordance with International Financial Reporting Standards, for a range of transactions and economic events.
This module will provide an introduction to the theory and practice of quantitative economic modelling at a basic level. The theoretical framework will be developed around the classical regression model and its extensions, with theoretical understanding being supplemented with computer-based practical examples of modelling and data analysis.
Macroeconomics for Business
This module introduces participants to the nature and scope of the macroeconomic policy agenda, and develops the analytical frameworks necessary for the evaluation of policy instruments. The module enables participants to understand the economic arguments that under-lie different views and to evaluate relevant arguments.
Management Accounting and Decisions II
This module will introduce:
- activity based costing
- process costing
- transfer pricing
- the changing role of the management accountant
This module provides participants with a theoretical and applied overview of strategic management in today's operational environment. It introduces and analyses the key concepts, frameworks and techniques of strategic management, which allow them to diagnose complex situations related to real-world business development.
Quantitative Methods 2A
In this module you'll study further maths and statistics including topics such as linear algebra, constrained optimisation, difference equations and hypothesis testing.
Plus 20 credits of approved optional modules.
Economics of Innovation
In this module, you will cover:
- innovation in the history of economic thought
- basic concepts in the economics of innovation
- intellectual property
- economics of networks
- standards and dominant designs
- the entrepreneur
- innovation, demand and consumption
- innovation and the division of labour
- innovation, competitiveness and trade
- innovation, growth and wealth creation
- policy for innovation
Economics of Pricing and Decision Making
This module presents an introduction to economic decision making with a focus on the firm's pricing decisions and mechanisms, including:
- monopoly pricing
- oligopoly pricing (non-co-operative and collusive)
- pricing under uncertainty
This module examines the international business environment; in particular the impact of international firms on the economy, the determinants of Foreign Direct Investment and their significance on regional and global economic integration.
Attention is paid to cultural and organisational aspects of international business and their impact on Corporate Social Responsibility, as well as differences in corporate governance across economic areas. The structure of the module is based on three sections focusing mainly on the activities of MNEs, firm organisation and performance, and the impact of international firms on the economy.
Risk Management Decisions
This module will introduce the different aspects of corporate risk and examine how the risk of fortuitous loss may affect the various stakeholders in the operations of firms.
Technology and Organisation
This module considers several of the transformations that have arisen in contemporary organisations as a result of the use of information systems. Topics include different ways to understand the relationship between technology and organisation and implications of technology for knowledge management and other management areas.
Advanced Financial Reporting
This module covers advanced financial reporting topics including:
- accounting conceptual framework
- accounting measurement and recognition issues
- special topics
Auditing, Governance and Scandals
This module uses a combination of lectures and group work to develop students' understanding of alternative perspectives on the role of external audit, audit theory and practice and the role of judgement in audit. The module also includes a critical review of corporate scandals and the associated failures in corporate governance systems/procedures.
This module will develop your knowledge of financial decision-making and strategic financial decisions, including takeovers and mergers.
This module uses a combination of lectures and group work to develop your understanding of financial reporting, the links between strategic and financial management, and the ways in which the stock market responds to financial information. The module involves detailed study and critical analysis of the financial strategy and performance of a major UK quoted company.
This module examines markets for equity and debt and markets for derivative instruments. It will introduce you to the processes of portfolio building, management and performance measurement and examines the workings of the major financial markets, looking at the way in which the prices of financial instruments are calculated.
The module covers the key theoretical models of modern finance, capital asset pricing model, arbitrage pricing model, financial risk management with derivative instruments.
Management Accounting and Decisions III
This module covers:
- curvilinear cost functions (eg the learning curve)
- pricing decisions and strategies
- the range of alternative approaches to performance measurement and their respective merits/problems
- activity based management
- cost of quality reporting
Management Accounting and Decisions IV
The module covers a critical review of strategic management accounting and the concept of control in organisations. Inter-relationships between big data, integrated reporting and strategic management accounting are looked at.
Plus 40 credits of approved optional modules.
The module will provide an introduction to econometric techniques for modelling data. Topics to be covered include:
- panel data modelling (difference-in-difference models; regression discontinuity designs; experiments)
- qualitative response models
- time series models
Corporate Restructuring and Governance
This module examines the antecedents and consequences of corporate restructuring. Factors triggering corporate restructuring are considered in a number of alternative organisational settings. In particular, the role of corporate governance in inducing and shaping corporate restructuring receives special attention (in particular, executive compensation and the market for corporate control).
The process of restructuring is discussed against a background of resource-based, agency and behavioural theories of the firm. The impact of corporate restructuring on the size, complexity, incentive systems and ownership structure of large firms is examined. Finally, the evidence relating to the effects of corporate restructuring on performance, employment, R&D and corporate governance is examined.
Economics of Regulation and Competition Policy
This module covers the two broad areas of regulation and competition policy. Topics covered include:
- natural monopoly regulation
- retail price control
- access pricing
- universal service obligations
- public policy on inter-firm agreements and restrictive practices
- abuse of monopoly power and merger control
This module discusses and analyses the management of the international finance function of firms. Typical issues include: foreign exchange markets, foreign exchange and other international risks, international financial markets, international investment decisions and foreign trade.
Law and Economics
This module covers:
- introduction to law and economics: the Coase theorem, property rights and transaction costs
- economics of corporate law; ownership, agency and governance structures
- economics of contract law; efficient breach and efficient remedies
- economics of tort law; efficient liability rules
- economics of criminal law; fines and imprisonment
- economics of legal processes; litigation, settlement and trial
- competitive markets; products liability
- non-competitive markets; economics of antitrust law and regulation
Logistics and Supply Chain Management
The module provides an introduction to logistics and supply chain management (LSCM) within the international context. As such, the module examines how LSCM strategies contribute to businesses' competitive advantage, the relationship aspects between business partners in delighting end-customers, and supporting operational activities and the international transport of goods.
The module is taught by reference to academic literature and management practice, including case-studies and application to special topics such as humanitarian logistics and international trade.
Marketing and Society
An overview of marketing and society, macro-marketing issues, responsible and sustainable marketing, consumer response to marketing activities, marketing's impact on society and consumption.
Risk, Information and Insurance
This module examines individual decision-making under conditions of risk and uncertainty, and investigates the effectiveness of insurance as a means of controlling risk.
The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. The above list is a sample of typical modules we offer, not a definitive list.