Podcast
Questions and Answers
What is the main focus of the module in Business Economics?
What is the main focus of the module in Business Economics?
- Understanding marketing strategies
- Learning statistical analysis techniques
- Exploring investment opportunities
- Discussing core business economics concepts (correct)
Who will be leading the session in the first week of the module?
Who will be leading the session in the first week of the module?
- An academic advisor
- Assaad Dib (correct)
- Dr. Julia Hudson
- A guest lecturer
What is one of the learning outcomes of the module?
What is one of the learning outcomes of the module?
- Describing the course's delivery structure (correct)
- Identifying historical economic models
- Analyzing consumer behavior
- Evaluating the impact of global economies
What is a key component of the module specifications?
What is a key component of the module specifications?
What academic year is the Business Economics module outlined for?
What academic year is the Business Economics module outlined for?
Which of the following is NOT part of the module overview?
Which of the following is NOT part of the module overview?
What is described as the 'secret to your success' in the module?
What is described as the 'secret to your success' in the module?
What is the credit value of the Business Economics module?
What is the credit value of the Business Economics module?
What type of support does Oxford Business College emphasize for each student?
What type of support does Oxford Business College emphasize for each student?
What is included in the Academic and Professional Development support at Oxford Business College?
What is included in the Academic and Professional Development support at Oxford Business College?
What is a primary purpose of collecting personal data from students at Oxford Business College?
What is a primary purpose of collecting personal data from students at Oxford Business College?
Which of the following services is NOT listed as available for students facing personal or mental health issues?
Which of the following services is NOT listed as available for students facing personal or mental health issues?
What resource allows students at Oxford Business College to access over 1 million books?
What resource allows students at Oxford Business College to access over 1 million books?
What does price elasticity measure?
What does price elasticity measure?
What is the primary goal of cost management in businesses?
What is the primary goal of cost management in businesses?
What does the balance of payments track?
What does the balance of payments track?
How is securitization defined?
How is securitization defined?
Which tool is commonly used in fiscal policy?
Which tool is commonly used in fiscal policy?
What are common causes of inflation?
What are common causes of inflation?
What role do exchange rates play in international trade?
What role do exchange rates play in international trade?
What expectation is placed on students regarding seminar attendance?
What expectation is placed on students regarding seminar attendance?
What is a primary aim of the module related to the economic environment?
What is a primary aim of the module related to the economic environment?
Which analytical tool is emphasized for evaluating business opportunities?
Which analytical tool is emphasized for evaluating business opportunities?
What is the focus of the topic on market structures within the module?
What is the focus of the topic on market structures within the module?
What does the module aim to teach regarding economic frameworks?
What does the module aim to teach regarding economic frameworks?
Which aspect is critical when assessing the significance of economic data?
Which aspect is critical when assessing the significance of economic data?
What is required for effective communication of complex economic issues according to the module?
What is required for effective communication of complex economic issues according to the module?
What is the primary topic of the 'Demand Supply and Equilibrium' section?
What is the primary topic of the 'Demand Supply and Equilibrium' section?
What skills does the module aim to develop in the context of economic analysis?
What skills does the module aim to develop in the context of economic analysis?
What is the weight of Summative Assessment 1 towards the total module grade?
What is the weight of Summative Assessment 1 towards the total module grade?
What percentage of the written report should be allocated to the Economic Analysis - Employment section?
What percentage of the written report should be allocated to the Economic Analysis - Employment section?
Which of the following is NOT a focus area for Assessment 2?
Which of the following is NOT a focus area for Assessment 2?
When will formative feedback on draft submissions for Assessment 2 be provided?
When will formative feedback on draft submissions for Assessment 2 be provided?
How long after submission will feedback for Summative Assessment 1 be provided?
How long after submission will feedback for Summative Assessment 1 be provided?
What is the format of Summative Assessment 2?
What is the format of Summative Assessment 2?
Which learning outcomes are assessed in Summative Assessment 1?
Which learning outcomes are assessed in Summative Assessment 1?
What type of assessment is the online in-class test classified as?
What type of assessment is the online in-class test classified as?
What is included in the overall structure and presentation marking criteria?
What is included in the overall structure and presentation marking criteria?
Which week is designated for the mock exam in the assessment support schedule?
Which week is designated for the mock exam in the assessment support schedule?
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Study Notes
Module Overview
- Module delivered by Assaad Dib, replacing Dr. Julia Hudson
- 20 credits, Level 5, Academic Year 2024-25
- Oxford Business College
Module Aims
- Understand the economic environment of businesses locally, nationally, and globally
- Develop transferable knowledge and skills in economic analysis
- Apply techniques and methodologies to analyze economic data and information
- Recognize the role of international institutions and governments in global business
Module Learning Outcomes
- Analyze and evaluate economic frameworks and their role in business
- Apply appropriate analytical tools for identifying opportunities
- Critically assess government's role in the economic arena
- Use economic data in a business context
- Communicate information about economic and political issues effectively
Module Topics
- Business Environment: Competition, regulations, trends
- Economics and Organizations: Relationship between economics and how organizations operate
- Main Market Structures: Perfect competition, monopoly, oligopoly, and their business impact
- Demand, Supply and Equilibrium: How demand and supply interact to establish market equilibrium
- Price and Income Elasticity: The impact of price and income changes on demand
- Costs and Profit Maximisation: Cost-benefit analysis and efficiency maximizing profit
- Flow of Income and Balance of Payment: Tracking income flow and transactions with the rest of the world
- Money and Securitisation: Money's role in an economy and the process of turning assets into securities
- Inflation and Unemployment: Causes, effects, and solutions for inflation and unemployment
- Monetary and Fiscal Policy: Tools and strategies by governments to influence the economy
- International Trade and Exchange Rate: Exchange rate’s role in international trade
Expectations of Tutors
- Effective communication through emails
- Learning materials available on UWLFlex
- Providing assessment marks and feedback within 15 working days
Expectations of Students
- Attend all seminar sessions
- Participate and prepare for activities
- Engage in group presentations and collaborative activities
- Communicate about absence via email before a seminar
Student Conduct
- Professional behavior in all classes and no disruption
- Submit all assessments on time, taking into account exceptional circumstances
Assessment Overview
- Formative assessment
- Summative Assessment 1: Online in-class test
- Summative Assessment 2: Written report
Summative Assessment Details
- Ongoing feedback during class discussions
- General revision sessions and mock exams
- Formative feedback on draft submissions for Assessment 2
Assessment 1: Multiple Choice Question Test
- Online in-class test
- Week 8 or 9 during seminar time
- Assesses Learning Outcomes 1, 2, and 4
- 50% of total module grade
- Feedback within 15 working days
Assessment 2: Written Report
- Topic: Economic analysis of Covid-19 impact on a selected business industry
- Focus areas: Employment, technology, and international trade
- Assesses Learning Outcomes 1, 2, 4, and 5
- 50% of total module grade
- Week 14 submission via Online Submission (Turnitin)
- 1,500 words (+-10%) report
Assessment 2 Report Structure
- Executive Summary (5%): Key findings overview
- Introduction (10%): Context and background of chosen industry
- Economic Analysis - Employment (25%): Covid-19 impact on employment patterns
- Economic Analysis - Technology (25%): Technological adaptations in response to Covid-19
- Industry Expansion and International Trade (25%): Growth possibilities and relevance to global markets
- Conclusion and Recommendation (10%): Summary of findings and suggested strategies
- Overall Structure and Presentation (5%): Referencing and academic writing
Assessment Support Schedule
- Week 6: General Revision, no preparation needed
- Week 7: Mock exam, follow revision guide
- Week 11: General Revision, no preparation needed
- Week 12: Submit draft of Assessment 2 for formative feedback
Learning Materials
- Reading Lists: Available on Blackboard and online through Oxford Business College reading lists
- Online Library: Use Perlego for unlimited access to books (contact Salvena Hussein)
- Campus Facilities: Utilize campus libraries and IT labs
Oxford Business College Support
- Personalized approach: Every student is an individual
- Comprehensive support: Positive learning experience from inquiry to completion
- Development Opportunities: Academic and Professional Development (APD) support, including tutorials, mentoring and pastoral care
- Welfare Services: Counselling and welfare services available for personal, mental health issues, or any issue affecting studies and wellbeing
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