The following is a sample of the typical modules that we offer as at the date of publication but is not intended to be construed and/or relied upon as a definitive list of the modules that will be available in any given year. Due to the passage of time between commencement of the course and subsequent years of the course, modules may change due to developments in the curriculum and the module information in this prospectus is provided for indicative purposes only.
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.
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.
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
Economics of Corporate Strategy
The aim of this module is to introduce you to the economic view of firms, highlighting the implications for firms' decisions. The module will cover topics such as agency theory, transaction cost economics, horizontal and vertical integration and diversification.
Microeconomics for Business B1
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 40 credits of approved optional modules (20 in each semester):
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
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.
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
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
New Venture Creation
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.
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 Organisation
In this module, you'll study topics such as:
- organisational architecture
- decision rights
- reward systems
- individual performance evaluation
- tournament theory
- shareholder activism
- CEO performance and turnover
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.
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.
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.
Plus 60 credits of approved optional modules (30 in each semester):
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
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.
Human Resource Management
The module looks at theories of HRM, recruitment and selection, reward, training and development, performance appraisal and broader contextual issues.
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.
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.
Topics in Labour and Personnel Economics
This module will foster your understanding of the process by which business organisations make effective use of labour, and the policies they employ to this effect. Topics covered include:
- employees' incentives in organisations
- the hiring process
- training and labour turnover
- employee pay and performance
- trade unions
- employment relations
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.
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.
This module presents an introduction to financial economics focusing on topics such as:
- the determination of interest rates
- the role of financial institutions in the financial and monetary system
- banking regulation and risk management in banks
Industrial Economics A: Structure, Conduct and Performance
This module presents an introduction to industrial economic analysis, focusing on the relationships between market concentration, conduct and performance. You will cover the measurement and determinants of market concentration, links between structure and industrial/firm performance, advertising and R&D in the context of industrial economics.
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
Industrial Economics B: Games and Strategies
This module will analyse 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
Public Choice and Economic Policy-Making
This module examines the processes and influences involved in the making of UK economic policy, from a public choice perspective.
Plus 60 credits of approved optional modules (30 in each semester):
Auditing, Governance and Scandals
This module uses a combination of lectures and group work to develop your 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 introduces and develops frameworks which enable businesses to understand the buying behaviour of consumers.
Contemporary Developments in Human Resource Management and Organisations
This module introduces you to key contemporary debates and practices, giving you a chance to engage with these debates and practices. You will gain an understanding of the human resource management approaches managers take as you grapple with the challenges of the global economy and a demanding and diverse workforce within an international context.
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.
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
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.
Risk Management Processes
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.