Podcast
Questions and Answers
What is a key focus of the Business Economics module?
What is a key focus of the Business Economics module?
- Developing marketing strategies
- Understanding employee behavior
- Enhancing customer service skills
- Awareness of the economic environment (correct)
Which of the following is NOT a learning outcome of the module?
Which of the following is NOT a learning outcome of the module?
- Identifying success factors in the module
- Describing module focus and structure
- Discussing business economics concepts
- Mastering advanced statistical analysis (correct)
What is essential for success in the Business Economics module?
What is essential for success in the Business Economics module?
- Networking with finance professionals
- Understanding module specifications (correct)
- Practical experience in banking
- Memorizing all economic theories
Who will lead the introductory lecture of the Business Economics module?
Who will lead the introductory lecture of the Business Economics module?
What level is the Business Economics module designated?
What level is the Business Economics module designated?
Which aspect will NOT be covered in the introductory lecture?
Which aspect will NOT be covered in the introductory lecture?
What type of knowledge does the module aim to provide?
What type of knowledge does the module aim to provide?
Which institution plays a role in the global business environment, according to the module aims?
Which institution plays a role in the global business environment, according to the module aims?
What is the weighting of the Online Test in Summative Assessment 1?
What is the weighting of the Online Test in Summative Assessment 1?
What is the word count requirement for the Written Report?
What is the word count requirement for the Written Report?
Which Learning Outcomes are assessed in both the Online Test and the Written Report?
Which Learning Outcomes are assessed in both the Online Test and the Written Report?
When is the Written Report due for submission?
When is the Written Report due for submission?
What percentage of the Written Report is dedicated to 'Economic Analysis - Technology'?
What percentage of the Written Report is dedicated to 'Economic Analysis - Technology'?
How long is the duration of the In-class test in Summative Assessment?
How long is the duration of the In-class test in Summative Assessment?
What is the minimum pass mark for the assessments?
What is the minimum pass mark for the assessments?
What type of feedback will be provided after the submission of Assessment 2?
What type of feedback will be provided after the submission of Assessment 2?
What do inflation and unemployment analysis primarily focus on?
What do inflation and unemployment analysis primarily focus on?
What types of policies are analyzed under the topic of Monetary and Fiscal Policy?
What types of policies are analyzed under the topic of Monetary and Fiscal Policy?
How do exchange rates impact international trade?
How do exchange rates impact international trade?
Which expectation is placed on students regarding participation in seminars?
Which expectation is placed on students regarding participation in seminars?
What is emphasized for effective communication in the learning context?
What is emphasized for effective communication in the learning context?
What does formative feedback provide to students?
What does formative feedback provide to students?
Regarding assessment submissions, what is an expectation set forth for students?
Regarding assessment submissions, what is an expectation set forth for students?
Which aspect is NOT part of students' expectations during the course?
Which aspect is NOT part of students' expectations during the course?
What is the primary goal of the personalized approach taken by Oxford Business College?
What is the primary goal of the personalized approach taken by Oxford Business College?
What type of support does the Academic and Professional Development (APD) encompass?
What type of support does the Academic and Professional Development (APD) encompass?
What is the main purpose of retaining personal data according to the college's policy?
What is the main purpose of retaining personal data according to the college's policy?
What support service is available for students facing personal or mental health issues?
What support service is available for students facing personal or mental health issues?
Which of the following resources can students access for academic purposes?
Which of the following resources can students access for academic purposes?
How does a framework assist in the context of Business and Economics?
How does a framework assist in the context of Business and Economics?
What does Oxford Business College prioritize in its student support services?
What does Oxford Business College prioritize in its student support services?
Which of the following is NOT a component of the student support highlighted by Oxford Business College?
Which of the following is NOT a component of the student support highlighted by Oxford Business College?
What is the primary focus of the topic 'Business Environment'?
What is the primary focus of the topic 'Business Environment'?
Which market structure is characterized by a single seller dominating the market?
Which market structure is characterized by a single seller dominating the market?
What does the topic of 'Price Elasticity' primarily measure?
What does the topic of 'Price Elasticity' primarily measure?
What is assessed within the topic 'Economic Data'?
What is assessed within the topic 'Economic Data'?
Which of the following describes an oligopoly?
Which of the following describes an oligopoly?
What does the term 'Flow of Income' refer to in an economy?
What does the term 'Flow of Income' refer to in an economy?
What role does the government play in the economic arena according to the module outcomes?
What role does the government play in the economic arena according to the module outcomes?
What is the purpose of using analytical tools in identifying business opportunities?
What is the purpose of using analytical tools in identifying business opportunities?
Study Notes
Module Overview
- Introduced by Dr. Julia Hudson and Assaad Dib, focusing on Business Economics.
- Covers expectations, requirements, and introductory frameworks for application in business decision-making.
Learning Outcomes
- Understand the module structure, content, and success factors.
- Discuss introductory concepts of Business Economics.
Module Specifications
- Credit Value: 20
- Level: 5
- Academic Year: 2024-25
- Academic Partner: Oxford Business College
Module Aims
- Develop awareness of the local, national, and international economic environment.
- Acquire knowledge and skills in economic analysis.
- Learn various analysis techniques for synthesizing economic data.
- Understand the impact of international institutions and governments on global business.
Key Modules Topics
- Business Environment: Factors affecting business operations, such as competition and regulations.
- Economics and Organizations: Relationship between economics and organizational decision-making.
- Market Structures: Understanding perfect competition, monopoly, and oligopoly effects on businesses.
- Demand and Supply: Exploring interaction and equilibrium in market trends.
- Price and Income Elasticity: Measuring impact of price/income changes on demand.
- Costs and Profit Maximization: Strategy for managing costs effectively to enhance profits.
- Flow of Income: Analyzing national economic transactions and their global implications.
- Monetary and Fiscal Policy: Tools used by the government to influence economic performance.
- International Trade and Exchange Rates: Understanding cross-border transactions and their economic significance.
Expectations of Tutors
- Maintain effective communication regarding module content.
- Ensure learning resources are available prior to seminars.
- Provide prompt feedback on assessments within 15 working days.
Expectations of Students
- Attend all scheduled seminar sessions.
- Prepare and actively engage in class activities.
- Communicate any absences via email.
Student Conduct
- Maintain professionalism in class and avoid disruptions.
- Submit all assessments on time while considering any exceptions.
Assessment Overview
- Formative Assessment: Ongoing feedback throughout the course.
- Summative Assessment 1: Online test at Week 9, comprising 40 multiple choice questions, weighted at 50%.
- Summative Assessment 2: Written report due in Week 14, 1500 words (+-10%), also weighted at 50%.
Assessment 2 Details
- Topic involves economic analysis of Covid-19 impacts on a specific industry.
- Focus areas include employment patterns, technological adaptations, and implications for international trade.
- Structured components to include executive summary, introduction, economic analyses (employment and technology), and conclusion.
Assessment Support Schedule
- General revision sessions provided in Weeks 6 and 11.
- Mock exams scheduled for Week 7.
- Draft feedback for Assessment 2 available in Week 12.
Learning Materials
- Access reading lists on Blackboard; includes comprehensive resources for studies.
- Utilize campus facilities like libraries and IT labs.
Framework Understanding
- Frameworks facilitate organizing and analyzing concepts in Business and Economics, as seen with supply, demand, and market forces.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This introductory lecture for Business Economics, led by Dr. Julia Hudson, outlines the module expectations and frameworks for understanding business economics. It serves as a foundation for applying economic principles to business decision-making. Engage with your lecturer and peers to enhance your learning experience.
