Industrial Economics with Insurance - U6UIDECI

This module introduces key accounting concepts such as:

• The impact of accounting policy selection
• The recording and collating of accounting information, including double entry bookkeeping
• Preparation of financial statement from accounting data

This module provides an introduction to the fundamental concepts of finance and will help you:

• 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
• to 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)

This module will cover:

• 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
• agency
• legal personality; sole traders; partnerships and limited companies
• purpose and legal status of memorandum and articles
• management and the administration of a company
• insolvency

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. 

This module will cover the ways in which marketing & consumption drive business and shape society. It will provide an historical perspective, consider marketing professions & leadership within organisational contexts, and examine contemporary environments for marketing & consumption. This module will pay particular attention to:

• Globalisation

• innovation (including the transformative force of new technologies)

• and ethical & sustainability issues 

This module covers:

• key accounting concepts
• the impact of accounting policy selection
• the recording and collating of accounting information, including double entry bookkeeping
• preparation of financial statement from accounting data
• cost concepts and allocation of manufacturing overheads
• absorption and variable costing
• cost-volume-profit analysis
• relevant costing
• budgeting

This module provides an integrated overview of operations management and information systems, covering the following:

• Key technology trends: Web 2.0, cloud, mobile computing
• Manufacturing systems design and management (process choice, layout, location)
• Service operations design and management
• Balancing capacity and demand
• Information systems analysis and design
• Operations planning and control, including inventory management
• Operations excellence, lean thinking and business process re-engineering
• Supply chain design and management
• Customer relationship management
• Knowledge management
• Business intelligence and analytics

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.

This module introduces you to:

• numbers
• algebra
• functions
• equations
• exponents
• logarithms
• descriptive statistics
• differentiation
• optimisation
• integration

This module explores the nature of work and society. It will look at the development of our understanding of work and society. The development of the industrial and the post-industrial society will be explored and its impact on the nature of work, organisation and management.

There will be a historical and critical review of the schools of thought and key writers. Examples of research into individual and group experiences of work, organisation and management will be discussed.

This module provides key mathematical analysis and tools for advanced modelling for a wide range of applications used in business, finance and economics. Elementary calculus of a single variable is reviewed and extended and used to give insight to modelling through use of first-order differential equations. Differential calculus of functions of several variables is introduced and their applications for multi-dimensional models. 

In today’s dynamic business environment, organisations, large or small, must develop the capability to anticipate and respond to external changes. These changes may represent opportunities or threats for companies. This module examines corporate entrepreneurship (CE) and explores how firms can balance innovation with sustainability to achieve long-term success.

You will gain a deep understanding of corporate entrepreneurship (CE) and how larger organisations can be designed to foster entrepreneurial, innovative, flexible and sustainable approaches. You will: 

• develop a comprehensive understanding of CE, its forms, and how it distinguishes from independent entrepreneurship

• analyse the conditions, organisational processes, and barriers that influence the successful implementation of CE in larger firms

• critically evaluate the relationship between corporate entrepreneurship, innovation management, and long-term organisational outcomes

This module will introduce the following topics:

• Activity based costing
• Process costing
• Transfer pricing
• The changing role of the management accountant
• Curvilinear cost functions (for example, the learning curve)
• Pricing decisions and strategies
• The range of alternative approaches to performance measurement and their respective merits/problems

This module develops an understanding of when and how different approaches, models and methods are used in management decision-making. Areas covered include: optimisation models and methods, project management methods, queuing systems and simulation, sequencing and scheduling. 

This module provides you 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. 

The module examines the particular management and marketing issues affecting the tourism sector, using both relevant theoretical frameworks and applied cases from a range of different countries. The module covers topics such as:

• the importance of tourism to the global economy
• services marketing and management principles and the specific characteristics of tourism in the service economy
• tourist consumer behaviour, including latest trends in travel patterns
• strategic marketing tools for tourism
• managing service quality and delivery in tourism
• destination management and marketing, imagery and branding
• tourism product development, marketing communications and pricing
• ICTs, channel strategies and e-tourism marketing
• mobile and social media marketing in tourism
• crisis management and scenario planning

This module is designed to focus on the strategic and operational aspects of marketing management. It will examine:

• understanding the marketing concept
• the role of marketing within business and its contribution to business performance and enhancing value
• developing marketing strategy
• segmentation, targeting and positioning
• managing the marketing mix
• planning and implementation

Much economic and business behaviour deviates from the traditional views of rationality - for example, utility and profit maximisation. This module provides an overview of alternative views of decision making from behavioural economics and the economic psychology of individual choice.

The focus is both on new methods of economic enquiry and the insights they have generated into economic and business decision making. These new approaches include: experimental and cognitive economics; neuroeconomics; economics of emotions and happiness; behavioural finance; cultural economics; social preferences and evolutionary psychology.

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. 

This module provides you with analytical capability in a range of key applied algebra techniques as typically used in the quantitative study of problems in business, finance and economics. The complexity of solving general (large) systems of equations is examined in terms of matrix techniques. Matrix algebra is extended to identify characteristics of matrix systems in term of eigenvalues and eigenvectors. Techniques are developed to solve difference equations and systems of equations subject to constraints. Optimisation of management and operations research type problems will be addressed with elementary linear programming techniques. 

This 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

This module will provide you with an understanding of methods, results and models of behavioural economics and behavioural finance. We will talk about experiments and their importance in several fields. Within this context we will cover topics such as:

• how to design an experiment
• asset markets
• labour markets
• social dilemmas
• bargaining
• contests
• behavioural finance
• market structure
• risk

You will learn how to design your own experiment and how to interpret empirical results.

This module is an opportunity for you to work largely independently and in depth on a subject of your choice to be approved by staff from the Business School. 

You will be encouraged to understand the political and institutional frameworks within which business operates. Businesses do not simply react to policies set by government however; they are intimately involved in the processes of policy formation and decision making will be examined. You will be encouraged to think critically about policy formation and the role of business in this process. 

This module introduces and develops frameworks which enable businesses to understand the buying behaviour of consumers.

The module includes lecture content to consider the background, need for, and potential of ‘entrepreneurship for social change’. This includes reviewing

• the fundamentals of the business and society relationship
• the emergence and potential of social and environmental entrepreneurship
• the organisational forms where entrepreneurship for social changes takes place, for example, Cooperatives, Charitable Foundations, Social Enterprises, B-Corps
• the ecosystem that supports entrepreneurship for social change, for example, social venture capitalists, institutions, networks

Further, the module introduces a series of concepts and engages you in using practice tools/ frameworks for entrepreneurship for social change, at times these will be anchored by the UN’s SDGs.

This module examines the workings of the major financial markets. Markets for equity and debt are dealt with (money and foreign exchange markets are also the focus) as are markets for derivative instruments. The module covers the key theoretical models of modern finance, key market conventions and mechanisms, financial risk management with derivative instruments.

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
• foreign trade 

This module provides an introduction to the insights into the law and legal processes which have arisen from the application of economic analysis. It covers topics including the economics of corporate law, contract law, criminal law and litigation. It also explores competitive and non-competitive markets.

Logistics and supply chain management (LSCM) principles lie at the heart of modern-day business operations. In this module, you will be introduced to the fundamentals of LSCM.

You’ll gain knowledge and understanding of: 

• the dynamic and changing nature of business and the consideration of the future of organisations within the global business environment

• the development, access and operation of markets for resources, goods and services 

• the role of LSCM strategies in enhancing a business' competitive advantage

• the dynamics of relationships among business partners in delivering exceptional customer satisfaction 

• the management of customer expectations and relationships

• the management of outsourcing 

• the management of digital technologies and their impact upon organisations

• the intricacies of international supply chain networks and transportation 

• the application of lean and digital supply chain in the VUCA environment (volatility, uncertainty, complexity and ambiguity)

• the need for individuals and organisations to manage responsibly and sustainably, in relation to social, cultural, economic and environmental issues 

You will develop your commercial acumen, critical thinking and ability to analyse facts and circumstances, determine the cause of a problem and select appropriate solutions. You’ll also improve your ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies. 

This module provides a broad-based introduction to the theory and practice of using computer and communication systems to solve problems in organisations.

The module is designed to provide the theoretical knowledge and technology-based insights needed in order to manage effective problem solving with information technologies and systems (IT&S), and to extract the most value from an actual or potential application of IT&S.

Specific domains include the strategic management of IT&S; the development, implementation and use of IT&S; the impacts of specific IT&S on organisational forms and activities.

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.

This module will engage you in the more practical elements of innovation and enterprise activity, in terms of creating new businesses and entrepreneurship within the corporate environment. You will become prepared for enterprise activity across a variety of contexts. 

This module provides an understanding of the factors which influence a company's choice of location, and of how to approach the design of layouts to support a company's strategic objectives and maximise the efficiency of its operations.

This module aims to provide you with the skills, knowledge and practical experience required to respond to the challenges involved in managing, commercialising and marketing technological innovation and new business development. You will:

• critically analyse the roles played by entrepreneurship and innovation in society, the economy and other domains

• evaluate the impacts of entrepreneurship and innovation in society, the economy and other domains