Industrial Economics with Insurance BSc

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 introduces you to microeconomics and macroeconomics. 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

This module introduces you 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 you to understand the economic arguments that under-lie different views and to evaluate relevant arguments.

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

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
• externalities
• public goods
• information failure

This module covers:

• rules and regulations of studying at university, organisational skills and time management, and how to approach reflective work and skills analysis
• essay writing, referencing and plagiarism, taking minutes and agendas
• team working, listening skills, values, personal attributes, networking, cultural awareness
• problem solving, critical thinking and decision making, SDGs and project - social enterprises
• study abroad, careers insight days, CVs and applications
• communication - personal brand, self-awareness values
• project management
• interviews and assessment days - careers and some external companies, commercial awareness
• presentation skills
• ethics in business and technology in relation to future careers

This module covers:

• economic application of calculus
• confidence intervals
• introduction to hypothesis testing
• partial differentiation
• optimisation of two variables
• probability
• random variables
• sampling distributions

The aim of the module is to introduce you to the economic view of firms, highlighting the implications for firms' decisions in closed and open economies.

The module intends to cover topics such as agency theory, transaction cost economics, integration, and organisational and institutional aspects of international business and their impacts.

The aim of the module is to introduce you to the theoretical building blocks for the economic analysis of organisations and innovation from a variety of perspectives, as well as the application of theories toward understanding issues in the subject areas, covering topics such as organisational architecture, reward systems, performance measurement, various types of innovation, intellectual property and standards, economics of networks, innovation clusters and policy-related issues etc.

The aim of the module is to introduce you to industrial economics. The module coves two broad topics:

1. The traditional market models (monopoly, oligopoly, decisions under uncertainty)
2. Auctions

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

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. 

In this module you'll study further maths and statistics including topics such as linear algebra, constrained optimisation, difference equations and hypothesis testing. 

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.

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.

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 will offer an introduction to some theoretical concepts related to the allocation of risk by financial institutions. Then it will apply these concepts to the analysis of financial and banking crises.

This module covers the two broad areas of market structure and competition policy. Topics covered include the measurement and determinants of market concentration, links between market structure and industrial/firm performance, advertising and R&D in the context of industrial economics, public policy on inter-firm agreements and restrictive practices, abuse of monopoly power and merger control.

This module will analyse the conduct and strategies of firms from a game theoretic point of view. Topics to be covered include basic game theory, models of oligopoly, pricing tactics, strategic entry deterrence, standard settings, networks and technology adoption, cooperation, communication and competition.

This module examines individual decision-making under conditions of risk and uncertainty, and investigates the effectiveness of insurance as a means of controlling risk.

This module will discuss the processes utilised by corporate enterprises to manage the risk of fortuitous loss. Once corporate risks have been identified and their impact on the firm measured, risk management attempts to control the size and frequency of loss, and to finance those fortuitous losses which do occur.