ACC2063 : SA Sem 1 Managerial and Business Economics
- Offered for Year: 2024/25
- Available to incoming Study Abroad and Exchange students
- Module Leader(s): Professor Simon Hussain
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Aims
To introduce students to economic issues and decision-making tools, relating to major topics like demand analysis and estimation and production and cost functions.
Outline Of Syllabus
OPTIMISATION: A BRIEF REVIEW
• Univariate optimisation
• Multivariate optimisation
CONSUMPTION & DEMAND
• Axioms of traditional consumer theory
• Quantitative demand analysis
• Indifference curves, consumption decisions and demand
PRODUCTION, COSTS & SUPPLY
• Economic analysis of production
• Cost functions (traditional and modern)
• The organization of the firm
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 9 | 1:00 | 9:00 | PiP lectures (1 hour each): 9 in semester 1. |
| Structured Guided Learning | Lecture materials | 3 | 1:00 | 3:00 | Pre-recorded lecture materials (semester 1) |
| Guided Independent Study | Assessment preparation and completion | 1 | 25:00 | 25:00 | For completion of summative and formative assessments. |
| Guided Independent Study | Directed research and reading | 1 | 35:00 | 35:00 | Includes a component related to the project plus reading on lecture topics. |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PiP seminars: 3 x 1 hour sessions in semester 1 |
| Structured Guided Learning | Structured non-synchronous discussion | 2 | 0:30 | 1:00 | Non-synch discussion board. Two in semester 1 (30 min each). |
| Guided Independent Study | Independent study | 1 | 19:00 | 19:00 | Independent study - general. |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 5 | 1:00 | 5:00 | Zoom sessions for project held in following weeks 7/11, 14/11, 21/11, 28/11, 5/12 |
| Total | 100:00 |
Jointly Taught With
| Code | Title |
|---|---|
| ACC2002 | Managerial and Business Economics |
Teaching Rationale And Relationship
Formal lectures are used to explain the issues, and to introduce concepts and techniques. Revision sessions are held, designed to be both explanative and interactive and offering the opportunity to explore issues raised in lectures. Students have the opportunity to develop and practise key skills in these sessions. Students are able to judge their progress in the module through feedback in these sessions. Large group feedback sessions are used to provide answers to quantitative questions in the 2000 word report.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Report | 1 | A | 100 | 2000 word report |
Assessment Rationale And Relationship
The 2000 word report provides an opportunity for students to demonstrate their business knowledge and written communication (report writing) skills.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC2063's Timetable