EXCHANGE
PROGRAMME
MODULE CATALOGUE
SPRING SEMESTER
2015/16
1
CONTENTS
PAGE
INTRODUCTION …………………………………………………………………………………………… 3
LIST OF MODULES AVAILABLE TO STUDENTS IN THE SPRING SEMESTER…………. 4 - 5
EXCLUSION CLAUSE AND SEMESTER DATES……………………………………………………
6
MODULE DESCRIPTIONS –YEAR 3……………….…………………………………………….…… 7 - 35
MODULE DESCRIPTIONS – YEAR 2……………………………………………………………….… 36 - 44
MODULE DESCRIPTIONS – YEAR 1……………………………………………………………….… 45 - 57
2
Introduction
This booklet contains details of the modules which are available for
incoming exchange students who are studying at Cardiff Business School
for the Spring semester only.
The majority of modules at Cardiff Business School run for the full year.
Cardiff Business School cannot be responsible for providing details of which
elements of the module descriptor will be covered, and which learning
outcomes are achieved, for students studying the module for just one
semester.
NOTE: The parent module for third year modules will begin with BS3, and
the single semester version of the same module will begin with BS9.
For second year modules, the parent module will begin with BS2, and the
single semester version will begin with BS8.
In Cardiff Business School, one year modules count as 20 Cardiff credits. A
single semester module will count as 10 Cardiff credits. One ECT (European
Credit Transfer) is equivalent to 0.5 of a Cardiff credit.
So, a one-semester module at Cardiff is 10 Cardiff credits, or 5 ECTs.
3
Modules
Modules available
available to
to Students
Students
In the Spring
Semester
2016
Studying
in Cardiff
Business
School
(2015-2016
academic
session)
for
the Spring
Semester
ONLY
(2015-2016 academic session)
ACADEMIC YEAR 2015-2016
YEAR 3 MODULES
a) Year 3 True Spring Semester modules (same for everybody)
MODULE
CODE
MODULE TITLE
ASSESSMENT
CARDIFF
CREDIT
VALUE
ECTS
VALUE
Page
number
Public Sector Accounting
Corporate governance and
Accountability
Security Analysis and
Portfolio Management
The Accounting Profession
Modelling in Management
Science
Exam in January
Exam in January
10
10
5
5
8-9
10-11
Exam in January
10
5
12-13
Exam in January
Exam in January
10
10
5
5
14-16
17-18
for spring
semester
BS3612
BS3614
BS3615
BS3618
BS3619
b) Year 3 “CHILD” MODULES (derived from “parent” year-long modules)
“CHILD”
MODULE
CODE
MODULE TITLE
ASSESSMENT
for spring semester
“child” module
for spring
semester
BS9614
BS9628
BS9638
BS9694
BS9658
BS9640
BS9642
CARDIFF
CREDIT
VALUE
for spring
semester
“child”
module
International Corporate
Finance
Ethics and Morality of
Business
Work and Employment
European Business
Environment (spring)
Labour Economics
International Human
Resource Management
Services and Relationship
Marketing
ECTS
VALUE
for spring
semester
“child”
module
PARENT
MODULE
CODE for
Page
Number
year-long
version
Exam
10
5
BS3514
19-21
Written Assignment
10
5
BS3528
22-23
Written Assignment
Written Assignment
10
10
5
5
BS3538
BS3594
24-25
26-27
Written Assignment
Exam
10
10
5
5
BS3558
BS3540
28-30
31-33
Written Assignment
10
5
BS3742
34-35
4
YEAR 2 MODULES
a) Year 2 “CHILD” MODULES (derived from “parent” year-long modules)
“CHILD”
MODULE
CODE
MODULE TITLE
ASSESSMENT
for spring semester
“child” module
BS8651
BS8681
Performance and
Financial Management
Money, Banking and
Finance
Logistics and Distribution
Management
ECTS
VALUE
PARENT
MODULE
CODE for
for
spring
semester
“child”
module
Exam
10
5
BS2517
37-39
Exam
10
5
BS2551
40-42
Written Assignment
10
5
BS2581
43-44
year-long
version
YEAR 1 MODULES
It is unusual for exchange students to take year 1 modules, but if an exchange
student wished to take a first year modules, the following would probably be
available.
a) Year 1 True Spring Semester modules (same for everybody)
MODULE
CODE
MODULE TITLE
ASSESSMENT
CARDIFF
CREDIT
VALUE
ECTS
VALUE
Page
number
Introduction to Legal
Studies
Introduction to Finance
As in programme
handbook
As in programme
handbook
As in programme
handbook
As in programme
handbook
As in programme
handbook
As in programme
handbook
10
5
46-47
10
5
48-49
10
5
50-51
10
5
52-53
10
5
54-55
10
5
56-57
for autumn
semester
BS1607
BS1610
BS1611
BS1629
BS1630
BS1652
Page
Number
for spring
semester
“child”
module
for spring
semester
BS8617
CARDIFF
CREDIT
VALUE
Fundamentals of
Financial Reporting
Business Environment
Principles of Marketing
and Strategy
Macroeconomics
NOTE: IF YOU TAKE A MODULE WITH A SPRING EXAM YOU MUST TAKE THE EXAM.
THERE WILL BE NO ALTERNATIVE ASSESSMENTS
5
EXCLUSION CLAUSE:
All students are notified that the modules advertised or referred to are liable to be
changed or withdrawn either before or after selection, for any reason including those set
out below. Cardiff University accepts no responsibility for any such changes or
withdrawals of modules and students select modules at their own risk.
Reasons which may cause the change or withdrawal of modules include the absence of
any key member of staff or insufficient take-up of modules by students; this list is not
exhaustive.
NOTE:
The following pages are taken from the main module catalogue which details the content
of the full 20 credit module. Taking these modules in the Spring semester means that not
all the items in the module descriptions will be covered.
SPRING SEMESTER DATES
Monday 25 January 2016 – Friday 10 June 2016
(Easter Recess: Saturday 19 March 2016 – Sunday 10 April 2016)
Exam period: Monday 9 May 2016 – Sunday 12 June 2016
Resit exam period: Monday 8 August 2016 – Sunday 21 August 2016
6
YEAR 3
MODULE
DESCRIPTIONS
7
PUBLIC SECTOR ACCOUNTING
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
a
BS3612
10
Spring
BSc Accounting, BSc Accounting & Finance, BSc Accounting with
European Language
AIMS OF THE MODULE:
The aim of this module is to provide students with an understanding of the financial reporting,
management accounting and investment appraisal techniques and practices specifically relating to
public sector organisations. The module also examines the problems of performance evaluation,
audit and control of public sector organisations.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 evaluate the nature of the public sector and the accountability, control and performance
evaluation of public sector activities
 describe the theory, practice and regulatory framework of national and international public
sector financial accounting and reporting
 describe the use and practice of management accounting in the planning and control of public
sector activities
 identify, evaluate and apply the investment appraisal techniques of public sector organisations
 evaluate critically the role of the audit function and in particular ‘value for money’ auditing in
the public sector
 evaluate critically the accounting implications of the changing nature of the public sector
B
Intellectual Skills:
 synthesise and evaluate data
 exercise powers of inquiry and critical analysis, interpretation and evaluation of arguments
and evidence
 sustain a critical argument in writing
C
Discipline Specific Skills:
 critically revaluate the process of accountability, control and performance evaluation of the
public sector
 compare and contrast different management accounting and budgetary control practices used
in the public sector
 develop a critical understanding of the theory, practice and regulatory framework of
government accounting and reporting
 critically evaluate the accounting implications of the changing nature of the public sector
 critically evaluate the investment appraisal techniques used in the public sector
 appreciate the importance of the role of the audit function and ‘value for money’ in the public
sector
D
Transferable Skills:
 exercise initiative, self reliance and time management skills and work independently
 communicate ideas, principles and theories effective by written means and by class
presentation
 appreciate alternative viewports
 access and utilise data by use of the library and by IT (internet etc)
METHODS OF TEACHING AND LEARNING:
The module comprises 17 lecture hours and 5 hours of classes. The lectures programme is supported
by detailed handouts and subsequent structured reading of specific public sector accounting texts as
8
well as major academic articles. Each aspect of the syllabus comprehensively covered in one or more
lectures and is supported by class exercises which requires a discussion by students of the issues
involved and where appropriate, the solution of a numerical exercise based on the techniques
covered in the lecture. Case studies are also used to illustrate major issues and to reinforce learning
activity. Students are supported throughout the module through the weekly student-lecturer office
hours, revision sessions and by e-mail contact.
Indicative study hours: 80
ASSESSMENT:
Examination Component
100%
One 2 hour exam at the end of the Spring Semester. The
examination questions contain a range of questions that are
designed to cover the learning outcomes for the module and to test
the critical and analytical skills of students.
SYLLABUS CONTENT:
The distinction between the private sector and other sectors of the economy with emphasis on the
objectives and techniques of financial accounting, financial reporting and accountability. The aims,
objectives and mechanisms of public sector auditing. The measurement of performance. Investment
appraisal, budgeting, planning and control for public sector organisations. The accounting
implications of the changing nature of the public sector.
INDICATIVE READING LIST:
Jones and Pendlebury, Public Sector Accounting, 5th Edition, 2000
Coombes & Jenkins (2002), Public Sector Financial Management, Chapman and Hall
Rutherford, Sherer and Wearing, Cases in Public Sector Accounting, PCP, 1992
Henley, Likierman, Perrin, Evans, Lapsley and Whiteoak, Public Sector Accounting and Financial
Control, 4th Edition, Chapman and Hall
Glynn, J, Public Sector Financial Control and Accounting, 2nd Edition
Rutherford, B A, Financial Reporting in the Public Sector
9
CORPORATE GOVERNANCE AND ACCOUNTABILITY
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3614
10
Spring
BSc Accounting, BSc Accounting with a European Language, BSc
Accounting & Finance
AIMS OF THE MODULE:
This module aims to introduce students to recent developments in the theory and practice of
corporate governance, corporate accountability to stakeholders, corporate social responsibility,
corporate social and environmental reporting and socially responsible investment.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 describe the growing relevance of an ethical framework to accounting and finance;
 describe the recent reforms in UK corporate governance and evaluate their impact on UK
companies and the institutional investment community;
 analyse the development of corporate social and environmental reporting and evaluate the
growing importance of accountability in the UK;
 explain the development of socially responsible investment in the UK and evaluate the impact
of its recent growth on companies and institutional investors, focusing on the pension fund
community;
 critically evaluate the current state of corporate governance and accountability in an
international context
B
Intellectual Skills:
 assess the viability of an ethical framework in the context of UK accounting and finance;
 evaluate the usefulness of the broad corporate governance reform agenda to UK companies
and stakeholders;
 assess international attempts to reform corporate governance in a comparative context.
C
Discipline Specific Skills:
 acquire ability to compare and contrast corporate governance policy documents over time
and between countries;
 evaluate the findings of academic research relating to corporate governance and
accountability in order to assess the impact of corporate governance reform on UK
companies and stakeholders.
D
Transferable Skills:
 acquire the ability to analyse, compare and contrast policy documents
 acquire the ability to evaluate the findings of academic and professional research
 acquire the ability to assess the impact of policy in the area of accounting and finance
 acquire the ability to consider the views of a diverse group of interested parties in relation
to a policy issue
METHODS OF TEACHING AND LEARNING:
Teaching takes place in the Spring semester. The formal timetabled components of the module
comprise seventeen hours of lectures and five hours of classes. Lectures cover theoretical concepts
and summaries of the most recent practice by companies and financial institutions. The findings of
recent academic and professional research are discussed in relation to relevant theory and practice.
Case study material is used and in order to broaden the students' understanding of corporate
governance and accountability the lectures and classes blend theory and practice. Questions for class
discussion are distributed in the first lecture. In the first class, the tutor will cover the required
material and will split the students into four groups. For the following four classes, each group will
prepare and present their answers to the week's questions. Following the presentation there will be
10
an open discussion of the practical and policy implications of the topics covered. The content of
lectures and classes are moulded to the learning outcomes of the module so that students who
successfully complete the module are able to demonstrate achievement of all of the required
outcomes.
Indicative study hours: 80
ASSESSMENT:
Examination Component
100%
One 2 hour examination at the end of the Spring semester
The examination is designed to allow students to demonstrate that they have achieved the learning
outcomes established for this module as well as to test their skill development. The examination
consists of six questions. They are all essay questions but some questions will be split into several
parts. Every question will require students to evaluate the topic under consideration from both a
theoretical and practical perspective. Students are required to demonstrate that they have acquired
intellectual, communication, evaluative and subject-specific skills from taking this module.
Informal assessment takes place through class sessions where students are required to prepare
solutions to class questions, distributed at the beginning of the module. The assessment involves
students demonstrating that they have attempted all questions either by presenting the material to
the class or through the medium of class debate and discussion. Class questions focus principally on
evaluation and analysis of academic papers as well as policy documents and case study material. All
questions require students to demonstrate theoretical and practical competence as well as the ability
to apply knowledge to discussions and case studies. Students are encouraged throughout the module
to submit queries, essay plans and any problem they encounter to the module co-ordinator and/or
tutors on the module for discussion.
SYLLABUS CONTENT:
Ethics in finance and accounting; defining corporate governance and competing theoretical
paradigms; initiatives and codes of practice in the UK; internal control; the impact of corporate
governance reform in the UK; the role of institutional investors; corporate governance and
accountability; corporate social and environmental reporting; socially responsible investment;
globalising corporate governance and convergence; empirical evidence on developments in
international corporate governance.
INDICATIVE READING LIST:
Solomon, J F (2007) Corporate Governance and Accountability, John Wiley & Sons Inc
Monks, R A G and N Minow (2001) Corporate Governance, 2nd edn, Blackwell, Oxford
11
SECURITY ANALYSIS & PORTFOLIO MANAGEMENT
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3615
10
Spring
BSc Accounting & Finance, BSc Econ Economics & Finance, BSc
Business Management & Finance, BSc Econ Banking and Finance
AIMS OF THE MODULE:
The Security Analysis & Portfolio Management module is designed to provide students with an
understanding of the theory and practice of security analysis and portfolio management and
performance measurement
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 show a systematic knowledge of the concepts underlying investment decisions.
 show a systematic knowledge of, and critically evaluate, portfolio theory and the Efficient
Markets Hypothesis and their implications for portfolio management and security analysis.
 show a systematic knowledge of a range of different types of bonds and equities and of the
operations of the markets on which they are traded.
 show a systematic knowledge of, and critically evaluate, pricing models for bonds and
equities.
 show a systematic knowledge of, and critically evaluate, technical analysis and fundamental
analysis.
 show a systematic knowledge of, and critically evaluate, portfolio management strategies
and performance measures for both bond and equity portfolios.
B Intellectual Skills:
 synthesise and evaluate primary and secondary data.
 solve problems, including the ability to manipulate financial and other numerical data and to
apply statistical concepts at an appropriate level.
 exercise powers of inquiry, logic, and critical analysis, interpretation and evaluation of
arguments and evidence.
 sustain a critical argument in writing.
C Discipline Specific Skills:
 measure and evaluate the returns on, and risks of, different types of bond and equities.
 price bonds and equities using a range of appropriate pricing models.
 apply the techniques and methods of portfolio management for both bond and equity
portfolios.
 measure the performance of investment portfolios using a range of performance measures.
D Transferable Skills:
 communicate ideas, principles and theories effectively by oral and written means.
 exercise initiative, self reliance and time management skills and work independently.
 appreciate alternative viewpoints.
 exercise numeracy, problem solving and IT skills.
 access and utilise information in a variety of research resources both traditional (e.g. library)
and IT (e.g. the Internet, databases).
METHODS OF TEACHING AND LEARNING:
The formal timetabled component of the module comprises approximately sixteen lectures and six
classes. The lecture programme, which is supported by detailed handouts, is used to introduce
material to students, to direct them (through the use of recommended reading and web sites included
12
in the handouts) to sources which will enable them, during the private study time they devote to the
module (fifty eight hours), to increase their knowledge and understanding of that material, and to
empower them to attempt the problems which are set for classes. Classes are closely integrated to
the lecture programme and are designed to enable students to apply the material covered in that
programme to solve problems and to discuss and evaluate those solutions. Students are supported
throughout the module through private consultation with the module coordinator.
Indicative study hours: 80
ASSESSMENT:
Examination Component:
100%
One 2 hour examination at the end of the spring semester
The examination paper is designed to enable students to demonstrate their intellectual skills of
analysis, synthesis and evaluation and the extent to which they have met the module learning
outcomes.
Informal assessment is provided through the class problems (for which solutions are provided) which
enable students to self assess the extent to which they are meeting the module learning outcomes.
In addition the module coordinator is available throughout the module to answer queries and discuss
progress with students.
SYLLABUS CONTENT:
Review of portfolio theory & capital market equilibrium. Equity analysis and equity portfolio
management: types and characteristics of equities; measures of equity performance; pricing equities,
equity portfolio management – active and passive management strategies. Bond analysis and
portfolio management: market structure; bond prices yields and returns; bond risks; bond portfolio
management - active and passive strategies. Portfolio performance measurement: objectives and
components of performance measurement; equity portfolio performance measures; bond portfolio
performance measures; evaluation of performance measures; evidence on portfolio performance.
International diversification: returns and risks of international investment; evidence on the
performance of internationally diversified portfolios.
INDICATIVE READING LIST:
Blake, Financial Markets Analysis, 2nd Edition, Wiley, 2000
Cuthbertson & Nitzsche, Investments: Spot & Derivatives Markets, 2nd Edition, Wiley, 2008
Haugen, Modern Investment Theory, 5th Edition, Prentice Hall, 2001
Elton, Gruber, Brown & Goetzmann, Modern Portfolio Theory & Investment Analysis, 8th Edition,
Wiley, 2011
Bodie, Kane & Marcus, Investments, 9th Edition, McGraw-Hill, 2011
13
THE ACCOUNTING PROFESSION
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3618
10
Spring
BSc Accounting, BSc Accounting & Finance, BSc Accounting with a
European Language
AIMS OF THE MODULE:
The aim of the module is to provide final year students in accountancy with critical insights to the
profession they may enter or are likely to engage with during their careers. The course looks beyond
the technical knowledge and skills acquired in earlier accounting modules to focus on the
professionals who apply that knowledge and skill as members of professional organisations working
in accountancy firms, industry and the public sector. The inclusion of subjects such as ethical decision
making adds a vocationally relevant dimension to the module. The module is designed to offer
historical and contemporary insights to issues such as: the problematic organisation of the
accountancy profession; the power of accountancy firms; the changing scope of professional work;
shifting boundaries with other professions; the accountancy profession in the global economy;
exclusion from the profession on the basis of class, gender and race; diversity; the ‘problem’ of the
accountant stereotype; threats to accounting professionalism; and challenges to professional ethics.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
Knowledge and Understanding:








Describe the principal theories which seek to explain and interpret professionalisation
projects.
Relate the structure and development of the accountancy profession in the UK.
Understand the importance of recruitment and socialisation processes to the construction
of the professional accountant.
Comprehend the significance of class, gender and ethnicity as barriers to recruitment and
career building in the accountancy profession.
Analyse the changing patterns of professional work in accountancy and interfaces with
other professions.
Assess the impact of commercialisation on accounting professionalism.
Evaluate the changing nature of professional ethics in accountancy.
Understand the significance of globalisation to the development of the international
accountancy profession.
Intellectual Skills:





Identification and utilisation of relevant information
Analysis of qualitative data
Critical evaluation and interpretation of information
Synthesising and communicating findings
Problem identification and solving
Discipline Specific (including practical) Skills:
Critical awareness of:
 Behaviour of accountants, accounting firms and professional organisations
 Composition and application of accountancy practice
 Contexts in which professional work is conducted
 Ethical decision making
 Nature of accounting professionalism
 Inter-professional boundaries
14
Transferable Skills:








Independent learning skills
Interpersonal communication skills
Organisation skills
Research skills
Analytical skills
Synthesising skills
Empathy skills
Written and oral communication skills
METHODS OF TEACHING AND LEARNING:
The teaching will be research led, drawing on the expertise of members of staff in the accounting
and finance section in this field. The emphasis will be on teaching and learning through the use of
qualitative material.
Lectures: 17 hours
Lectures will introduce each topic (supported by handouts) and form a base from which students will
be encouraged to read widely, drawing heavily on academic journal articles. Students will also be
encouraged to access professional journals on past and current issues.
Classes: 5 hours
Classes will focus on critical discussion of issues drawn from the academic and professional
literature. The emphasis will be on student participation through presentations, case analysis and
role playing. The classes will provide opportunities for both individual and group work.
ASSESSMENT:
In accord with other 10-credit third year accounting modules the assessment will comprise a two
hour examination.
The examination will comprise six qualitative questions from which three will be answered. The
questions will be designed to test the knowledge and understanding of students in the areas related
above, as well as students’ skills of interpretation, synthesis, problem solving and critical analysis.
SYLLABUS CONTENT:
The syllabus will comprise the following in historical and contemporary contexts:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Introduction to professions and the accounting profession
Professionalisation of accounting.
Recruitment, socialisation and professional identity.
Gender and the accounting profession.
Race, ethnicity and the accounting profession.
Accountancy work and inter-professional jurisdictions.
Professional ethics.
Commercialisation, globalisation and professionalism.
Deprofessionalisation or new professionalism.
15
INDICATIVE READING LIST:
Abbott, A. (1988) The System of Professions. Chicago: Chicago University Press.
Annisette, M. (2003) ‘The colour of accountancy: examining the salience of race in a
professionalisation project’. Accounting, Organisations & Society 28 (7-8): 639-674.
Anderson-Gough, F., Grey, C. and Robson, K. (2005) ‘’Helping them to forget’ the organizational
embedding of gender relations in public audit firms’. Accounting, Organisations & Society 30 (5): 469490.
Arnold, P. (2005) ‘Disciplining domestic regulation: the World Trade Organization and the market for
professional services’. Accounting, Organisations & Society 30 (4): 299-330.
Bougen, P D. (1994) ‘Joking apart: the serious side to the accountant stereotype’. Accounting,
Organizations and Society, 19: 319-335.
Hammond, T. (2003) A White Collar Profession: African American Certified Public Accountants since
1921. University of North Carolina Press.
Hanlon, G. (1994) The Commercialisation of Accountancy. Basingstoke: Macmillan.
ICAS (2004) Taking Ethics to Heart. Edinburgh: ICAS.
Kirkham, L.M. and Loft, A. (1993) ‘Gender and the construction of the professional accountant’.
Accounting, Organisations & Society 18 (6): 507-558.
Matthews, D., Anderson, M. and Edwards, J.R. (1998) The Priesthood of Industry. The Rise of the
Professional Accountant in British Management. Oxford: OUP.
Walker, S.P. (1996) ‘The criminal upperworld and the emergence of a disciplinary code in the early
chartered accountancy profession’. Accounting History 1 (2): 7-36.
Walker, S.P. (2004). ‘The genesis of professional organisation in English accountancy’. Accounting,
Organisations & Society 29 (2): 127-156.
Willmott, H. (1986). ‘Organising the profession: a theoretical and historical examination of the
development of the major accountancy bodies in the UK’. Accounting, Organisations & Society 11 (6):
555-580.
16
MODELLING IN MANAGEMENT SCIENCE
MODULE CODE:
BS3619
NUMBER OF CREDITS: 10
SEMESTER:
Spring
PROGRAMMES:
BSc Business Management, BSc Business Management (Human Resources),
BSc Business Management (International Management), BSc Business
Management (Logistics and Operations), BSc Business Management
(Marketing), BSc Accounting and Finance
AIMS OF THE MODULE:
The aim of this third-level module is to provide students with a range of predominantly
probability/statistical based approaches for understanding and modelling real life problems of
interest to managers, accountants and others concerned with business and commerce. Within the
general area of management science, the considered problem will include queuing and inventory
management.
The intended understanding is to range from the mathematical rudiments of the problems and
subsequent approaches to model them and the managerial, economic, accounting and/or logistic
impact any results may have.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:

Construct formal models for a variety of business/management problems.
 Appreciate how software can pertinently be used in simulation modelling.
B
Intellectual Skills:

Understanding the underlying mathematics/statistics employed in the modelling processes

C
of business/management problems.
Be able to construct a model based solutions to business/management problems.
Discipline Specific (including practical) Skills:

Practical understanding of the role of simulation modelling for business/management
problems.
D
 Theoretical understanding of the mathematical construction of models.
Transferable Skills:

Understanding of the progression from problem formulation to solution identification.
METHODS OF TEACHING AND LEARNING:
The formal timetabled components of the module comprise 16 hours of lectures and 5 hours of
classes. The lecture program is supported by detailed handouts and subsequent structured
reading, which strives to challenge and empower students to attempt class questions (closely
connected to the lecture material). The class work also includes a component of work that utilises
software.
Students are supported through advertised weekly student-lecturer private consultation and e-mail
student-lecturer contact.
Indicative study hours - 80
ASSESSMENT:
17
Examination Component
100%
2 hour exam in Spring Semester
SYLLABUS CONTENT:
Models Using Probability
Introduction to Stochastic Processes
Markov Chain based models (using matrices).
Applications: Customer loyalty, Brand switching
Queuing Theory
Introduction to Waiting Line Models
Generalised Poisson Model, Single and Multi channel waiting line models
Applications: Shop queuing etc.
Simulation Modelling (Including excel spreadsheets)
Simulation Model Building (Advantages and Disadvantages)
Monte Carlo Methods, Managerial Implications.
Applications: Queuing and Inventory Management Simulations
Inventory Management (Small use of differentiation)
Deterministic Models:
Backorder
Models,
Economic
Order
Quantity,
Production
Lot
Size
Stochastic Models: Theoretical and Simulation based Models
INDICATIVE READING LIST
Anderson, D. R., Sweeney D. J. and Williams T. A., An Introduction to Management Science:
Quantitative Approaches to Decision Making, Thomson Learning
18
and
INTERNATIONAL CORPORATE FINANCE
The module code for students studying this module for the spring semester only will be BS9614.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3514
20
Autumn & Spring
BSc Accounting & Finance, BSc Econ Economics & Finance, BSc
Business Management and Finance
AIMS OF THE MODULE:
The aim of this module is to analyze corporate finance issues in a global context by studying the
economic, fiscal, currency and political environments in which international companies operate and
the methods and techniques they use to manage their operations.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to:
(A Knowledge and Understanding)
 Describe and evaluate the different types of currency regimes operating throughout the
world.
 Demonstrate an understanding of the functions of the foreign exchange market.
 Show a systematic knowledge and understanding of, and critically evaluate the international
parity relationships.
 Evaluate the motives underlying foreign direct investment (FDI) and assess the strategies
used to manage the financial risks arising from FDI.
 Understand the problems introduced by national boundaries in corporate finance and show
a systematic understanding of the ways in which international companies may overcome
some of these problems.
 Understand the issues involved in the estimation of the cost of capital for foreign projects.
 Understand the effects of political risk in international financial decisions and demonstrate
knowledge of political risk measurement and management strategies.
 Define, measure and distinguish between the different types of foreign exchange risk and
evaluate the different ways of managing the risks.
 Evaluate the different motives underpinning foreign exchange risk management.
 Assess the aims and functions of international financing and cash management.
 Analyse the relevance of different corporate governance systems to international corporate
finance.
(B Intellectual Skills)
 Collect, synthesise and evaluate primary and secondary data.
 Solve problems, including the ability to manipulate financial and other numerical data and to
apply statistical and economic concepts at an appropriate level.
 Exercise powers of inquiry, logic, and critical analysis, interpretation and evaluation of
arguments and evidence.
 Undertake independent research and reading.
 Sustain a critical argument in writing.
(C Discipline Specific Skills)
19

Use the international parity relationships to assist in forecasting appropriate forward and
spot foreign exchange rates.
 Apply appropriate techniques to evaluate overseas short term and long term investment and
financial decisions.
 Apply appropriate numerical techniques to identify, measure and manage translation
exposure, transaction exposure and economic exposure.
 Assess the role of derivatives in managing foreign exchange risk.
 Use appropriate information to measure the cost of capital for international companies when
international financial markets are involved.
(D Transferable Skills)
 Communicate ideas, principles and theories effectively by oral and written means.
 Exercise initiative, self reliance and time management skills and work independently.
 Appreciate alternative viewpoints.
 Exercise numeracy, problem solving and IT skills.
 Access and utilise information in a variety of research resources both traditional (e.g. library)
and IT (e.g. the Internet, databases).
METHODS OF TEACHING AND LEARNING:
Teaching takes place throughout the academic year. The formal timetabled components of this
module comprise approximately 34 hours of lectures and 10 hours of classes. Theoretical concepts
and practical problems are introduced in the lectures, along with illustrations. The classes form the
basis for students to apply the respective numerical techniques and to discuss the theoretical and
practical issues relating to the topics covered. A research-based approach is emphasised by
referring students to empirical evaluations of both the theoretical and practical material covered in
the lectures. In addition, students are referred to text books written by authors with substantial
research experience in the field of international corporate finance; these texts also contain
numerous references which students are encouraged to read. Both lectures and classes are
designed to provide students with the tools and knowledge to fulfil the requirements for the
learning outcomes for this module. Students should develop technical, evaluative, discursive and
presentation skills in classes.
Indicative study hours: 80
ASSESSMENT:
Examination Component: One 3 hour examination in the spring semester.
Continuous Assessment: N/a
The formal assessment for this module comprises individual coursework and a written examination.
The coursework constitutes 30% of the overall mark for the module. There will also be one 3 hour
examination at the end of the spring semester, constituting 70% of the overall module mark.
The coursework and examination are designed to allow students to demonstrate that they have
achieved the learning outcomes established for this module. The coursework will be in the form of
an individual essay. Students are required to demonstrate the ability to pursue individual research
and to read widely. The report also aims to test analytical and writing skills.
The examination paper is designed to enable students to demonstrate their intellectual skills of
analysis, synthesis and evaluation and the extent to which they have met the module learning
outcomes. The paper will include questions of two types: first, problem questions requiring students
to use the theoretical and technical material from the module to solve problems and to evaluate their
solutions; second, essay questions designed to enable students to demonstrate their understanding
of the theoretical and discursive material covered on the module.
20
Informal assessment is provided through the class problems (for which solutions are provided) which
enable students to self assess the extent to which they are meeting the module learning outcomes.
In addition the module coordinator is available at advertised times to answer queries and discuss
progress with students.
SYLLABUS CONTENT:
Introduction to exchange rates and their relevance to multinational companies; currency systems
around the world; currency crises; international parity relationships, purchasing power parity (PPP),
interest rate parity, international Fisher effect; foreign exchange exposure measurement and
management, transaction, translation and economic exposure; motives for hedging currency risk;
foreign direct investment (FDI); international working capital management; international investment
appraisal; political risk management; international corporate governance.
INDICATIVE READING LIST:
Shapiro, A., Multinational Financial Management , 9th edition, John Wiley & Sons.
Eiteman, D.K., Stonehill, A.I. and Moffett, M.H., Multinational Business Finance, 12th edition,
Addison-Wesley.
Buckley, A., Multinational Finance, 5th edition, FT Prentice Hall.
Copeland, L. S., Exchange Rates and International Finance, 4th edition, FT Prentice Hall.
Madura, J. and R. Fox, International Financial Management, Thomson.
21
ETHICS AND MORALITY OF BUSINESS
The module code for students studying this module for the spring semester only will be BS9628.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3728
20
Autumn & Spring
BSc Econ Accounting & Management, BSc Econ Banking and
Finance, BSc Business Management, BSc Business Management
(Human Resources), BSc Business Management (International
Management), BSc Business Management (Logistics and
Operations), BSc Business Management (Marketing), BSc Business
Management with a European Language, BSc Econ Business
Economics, BSc Business Studies with Japanese, BSc Econ
Economics & Management Studies, BSc Business Management and
Finance.
AIMS OF THE MODULE:
The module will examine ethical issues and dilemmas in business covering such key, controversial
subjects as child labour, and ethical consumption. The main concepts and moral philosophical
theories that have been used to understand and explain business ethics will be introduced. In this
way it is intended that students will be able to gain an understanding of why ethical problems arise,
what their significance might be, and how they might be attended to. Ultimately, the aim of the
module is to enable students to reflect upon ethical questions with a view to enhancing their
analytical and decision-making skills.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
Question the role of business in society, and explain how and why this role might change or be
managed.
Evaluate the responsibilities of, and relationships between, companies and their external and internal
stakeholders.
Conduct critical evaluation of the ethical rights and wrongs of a variety of business issues drawing
on relevant moral philosophical theories.
A. Knowledge and Understanding
 Identify and critically analyse common ethical issues arising in business.
 Develop a basic understanding of the moral philosophical theories which may be relevant to
such critical analysis.
 Diagnose ethical problems and suggest how they might be resolved or dealt with.
B. Intellectual Skills:
 Demonstrate the ability to analyse and debate ethical problems in business, and to develop,
present and defend potential solutions.
C. Discipline Specific Skills:
 Skills of critical evaluation, the research process and the application of academic theory to
professional practice
22
D
Transferable Skills:
 Develop the ability to think critically and originally
 An awareness of moral philosophy in business situations
METHODS OF TEACHING AND LEARNING:
A mixture of lectures, case studies, exercises, guest speakers, audio-visual materials and
interactive podcasts. A strong emphasis is to be placed on student participation in class. There
will be approximately 44 hours of classes, which will consist of a combination of formal lectures
and tutorial sessions.
Indicative study hours: 160
ASSESSMENT:
Examination Component
Written Assessment to be confirmed by Module leader
Continuous Assessment
N/a
The exam will consist of two sections – A and B. The questions in section A are based on topics
covered in the first semester that were not used for the assignment questions. Section B will
include questions based on all the topics covered in the second semester. Students taking the
exam will be required to complete ONE essay question from Section A and TWO essay questions
from Section B. They will have three hours to complete these essays .
SYLLABUS CONTENT:
The module is structured around four themes. (1) Business Ethics in Philosophical Context: The first
part of the module looks at business ethics in context, introducing key philosophical ideas and
concepts. (2) Corporate Social Responsibility and Ethics: The second part of the module explores the
rise of the corporation and how this reshaped the ethical and social priorities of corporations.
Consideration is given to CSR or corporate social responsibility. (3) Deviant Ethics of Globalisation:
This section will cover emerging issues faced by global businesses today, such as child labour, mobile
capital, glocalisation and the anti-capitalist movement. (4) Contemporary Issues in Business Ethics:
this section will focus on areas such as ethical investment, ethical consumerism, the fair trade
phenomenon, shareholder activism, and the unethical behaviour of corporations.
INDICATIVE READING LIST:
Crane A. and Matten, D. (2004), Business Ethics (Oxford University Press)
Fisher, C. and Lovell, A. (2006), Business Ethics and Values (Prentice Hall)
Boatright, J. R. (2006), Ethics and the Conduct of Business, 5th ed. (Prentice Hall)
23
WORK AND EMPLOYMENT
The module code for students studying this module for the spring semester only will be BS9638.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3538
20
Autumn & Spring
BSc Econ Accounting and Management, BSc Business Management,
BSc Business Management (Human Resources), BSc Business
Management
(International
Management),
BSc
Business
Management (Logistics and Operations), BSc Business Management
(Marketing), BSc Business Management with a European Language,
BSc Econ Business Economics, BSc Business Studies and Japanese,
BSc Econ Economics and Management Studies.
AIMS OF THE MODULE:
To develop a critical knowledge and understanding of the changing content, management and
experience of work in contemporary industrial society.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A. Knowledge and Understanding
 Demonstrate knowledge and understanding of the different ways of analysing work skills in
the social sciences and evaluate the debate over the changing nature of skill with reference
to the knowledge economy.
 Demonstrate an understanding of the concept of emotional labour and its relevance to the
contemporary workplace.
 Display an understanding and ability to critically review debates in sociology about the nature
of control and consent within the ‘new’ workplace.
 Demonstrate knowledge and understanding of the debate over worker responses to
contemporary management practice.
 Understand the importance of time in the overall experience of work and assess the
approaches of management and workforce to working time issues.
 Assess the importance of workers’ collective representation within the workplace.
 Assess the components and importance of ‘hidden’ work and its relevance to work in the
formal sector.
 Assess the changing nature of careers in contemporary society.
 Demonstrate a knowledge and ability to evaluate critically current theories of the future of
work
B. Intellectual Skills: Analysis/Synthesis/Evaluation
 Make use of lectures, tutorials, assignments and independent study to acquire knowledge
and understanding of theories and research findings on the changing nature of work in
contemporary societies.
 Develop a critical understanding of theory and debate over the nature, experience and
development of work.
 Develop a capacity to apply social theory to the analysis of work in capitalist societies.
C. Discipline Specific Skills:
 Develop a knowledge of sociological and management theories of work and their relevance
to the analysis of changes in work in contemporary society.
 Develop a capacity to read, evaluate and synthesise original research of both quantitative
and qualitative forms produced by researchers in the field of work sociology
24
D. Transferable Skills:
 Develop the ability to interpret research data produced in the social sciences.
 Develop a capacity to communicate orally through participation in tutorial debate and other
exercises
 Develop a capacity to synthesise research data and write assignments to communicate ideas,
knowledge and arguments.
 Work individually through guided study and make use of lectures, tutorials, reading lists,
websites and assignments to develop knowledge of work sociology.
 Work in groups in problem-solving and other activities within tutorials.
 Make use of word-processing other software to generate assignments.
METHODS OF TEACHING AND LEARNING:
The module is delivered through 32 hours of lectures, delivered over two semesters. The lectures
provide a range of theoretical perspectives and practical illustrations relating to themes and debate
over the nature of the contemporary workplace. Examples used are drawn from the lecturers’ current
research. Students are provided with a list of reading and journal titles relevant to the subject area
and are required to undertake self-directed study.
The lectures are supported by 12 hours of tutorials. The latter reflect the main themes in the
module and are based around carefully selected, appropriate reading. It is a requirement that
students prepare for tutorials through reading and debate and discuss themes. There is an
emphasis on student participation with tutors acting as facilitators.
Indicative study hours: 160
ASSESSMENT:
Examination Component
N/a
Continuous Assessment
Written assessment to be confirmed by module leader
Assessment combines an end-of-module examination and an individual written assignment of 3000
words.
The examination requires students to answer three questions; one related to work covered in
semester one and two related to work covered in semester two. It provides for summative
assessment and requires students to display subject relevant knowledge and understanding and the
intellectual skills of analysis, synthesis and argument.
The individual assignment provides both summative and formative assessment, covering detailed
knowledge and understanding of a specific aspect of the module subject matter and intellectual,
discipline-specific and transferable skills, including the capacity to gather and interpret research
material and present it in a communicable form. The assignment relates to the material delivered in
semester one of the module. It requires students to search for and identify relevant research material
and demonstrate a critical understanding of theoretical interpretations of the changing nature of
work. Formative assessment is provided for through the use of assessment criteria, which are
communicated to students and discussed prior to the work being completed. Feedback is provided
on a group and individual basis using these same criteria.
SYLLABUS CONTENT:
Syllabus content focuses on contemporary debate and research on the nature of work and
employment. Themes include: the meaning of work; content of work, including skills, knowledge
work and emotional labour; the organisation of work, including the organisation of working time, the
representation of collective interests and the relationship between the formal and informal economy;
the management of work, including new forms of control and strategies to elicit consent; responses
to work, including survival strategies and resistance; the future of work, including theories of work
futures and the changing nature of careers.
25
EUROPEAN BUSINESS ENVIRONMENT
The module code for students studying this module for the spring semester only will be BS9694.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3594
20
Autumn & Spring
N/a
AIMS OF THE MODULE:
The aim of this module is to develop awareness of the distinctive nature of the
business environment within the European Union (EU). In the first semester, students
will be introduced to the overall vision and ultimate objectives of the
EU. The key political and legal institutions and actors responsible for the formulation of policies that
influence business practice in Europe will be examined and core academic debates
about the form and function of the EU will be reviewed. The students will also be
introduced to economic integration and the operation of the EU single market.
In the second semester, we will explore EU policies, business and society in more depth,
with a particular emphasis on employment relations, corporate social responsibility and sustainable
innovation.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:





The economic, political and social evolution of the EU;
The central contemporary issues facing the EU;
The policy and law making processes in operation in the EU;
How key actors shape EU policy;
The impact of key policies on business organizations and the consumers and citizens of
Europe.
B
Intellectual Skills:
 Apply social, economic, political and organization theories to the EU and its relationship
with business
 Critically evaluate the effectiveness of major EU policies and initiatives, such as competition
policy and environmental regulation
 To identify the distinctive implications the EU has for business organizations and
management practices
C
Discipline Specific Skills:
 Analytical (analysing literature, EU developments and constructing an argument)
 Communication (presenting information effectively through written and verbal forms)
 Learning (reflecting on personal and group perspectives on the EU)
26
D
Transferable Skills:
 Formulate and apply a range of academic skills including: the evaluation of theoretical
models, the operationalisation of concepts, and the interpretation of empirical evidence
 Develop analytical, communication, presentation, application, team working and learning
skills through seminar activity and assessments
METHODS OF TEACHING AND LEARNING:
The module provides some 34 hours of lectures and 10 hours of classes/seminars spread across
the two semesters.
The programme covers all the main areas identified
in the syllabus and, in addition, a variety of expert visiting or guest lecturers are invited to
contribute to the programme.
Indicative study hours: 200
ASSESSMENT:
Examination Component
N/a
Continuous Assessment
To be confirmed by Module Leader.
SYLLABUS CONTENT:
Overall, the module will cover the PESTLE factors associated with analyses of the business
environment. Semester one will cover the Political and Legal aspects of the environment and
aspects of the Economic environment. Students will cover different ‘visions’ of the EU; the
functions of the EU; primary EU institutions; the nature of EU policy making, which will include
examining the role of business interest groups and case studies of the implementation of EU law.
The students will also be introduced to economicintegration and the euro.
Semester two will cover the Social/sociological, Ethical/environmental and Technical aspects of the
business environment. Students will cover: the EU within a wider context of globalisation; the
social and technical impact of EU policies (e.g. transport);
EU policies related to HRM; sustainable innovation and growth; regulation and corporate social
responsibility.
INDICATIVE READING LIST:
Gold, M (ed), 2009,Employment Policy in the EU: Origin, Themes and
Prospects,
Palgrave Scholz, C & Bohm, H (eds), 2008,
Human Resource Management in Europe:
Comparative Analysis and Contextual Understanding, Routledge. Nugent,
The Government and Politics of the European Union
(Macmillan) 5th edition 2003
Nicoll & Salmon,
Understanding the European Union
(Longman) 2001 Hantrais,
Social Policy in the EU
(Macmillan) 2000
Foster, D & Scott, P (eds),2003,
Trade Unions in Europe: Meeting the Challenge
(P.I.E, Peter Lang)
Adnett, N and Hardy, S, The European Social Model,
(Edward Elgar), 2005
27
LABOUR ECONOMICS
The module code for students studying this module for the spring semester only will be BS9658.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3558
20
Autumn & Spring
BSc Econ Accounting and Economics, BSc Econ Banking and
Finance, BSc Econ Banking & Finance with a European Language,
BSc Econ Economics, BSc Econ Business Economics, BSc Econ
Business Economics with a European Language, BSc Econ
Economics with a European Language, BSc Econ Economics &
Politics, BA Economics with Humanities.
AIMS OF THE MODULE:
The Labour Economics module provides students with the opportunity to build on the theoretical
analysis and the quantitative techniques introduced in the Year 2 modules by applying what they
have learnt to examining the workings of the UK labour market. Specifically, its role is to develop
intermediate microeconomic and macroeconomic analysis to investigate the nature, causes and
implications of unemployment and wage differentials. The module introduces the results of empirical
work in order to evaluate both economists’ explanations of labour market behaviour and alternative
policy options for improving performance.
The Labour Economics module aims to provide students with a sound understanding of the method,
content and scope of Labour Economics, a basic knowledge of the workings of the UK Labour Market,
and an appreciation of current problems and policies.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 identify the main structural changes taking place in the UK Labour Market, and to outline the
trends in the central Labour Market outcomes
 recognise the contribution of economic theory to Labour Market analysis, and to relate the
models they encounter to observed outcomes
 access the main forms and sources of data on the Labour Market, and to apply UK data to
topics they have covered
 outline the main sources of Labour Market distortions and failures, and to demonstrate their
importance
B
Intellectual Skills:
 report and explain the main findings of Labour Economics empirical research on topics they
have covered
 understand the role of empirical evidence in Labour Economics in elucidating specific debates
 grasp the distinction between alternative explanations of Labour Markets outcomes, but be
able to bring together their insights to improve understanding
 appreciate the main policy initiatives to improve Labour Market performance, and to
evaluate the options
C
Discipline Specific Skills:
 apply basic labour economics concepts and ideas to a range of labour market issues
 use theoretical analysis to identify the key issues raised by problematic market outcomes
28

D
work out how best to rigorously investigate specific aspects of labour market behaviour
Transferable Skills:
 listen to and read effectively economic literature, from journal articles to newspaper
commentaries
 write coherently on major economic issues
 introduce statistical results into economic discussions
 work independently on economic problems, managing their time and resources efficiently
 operate in small groups, sharing ideas and reaching collective views
 develop logical arguments and make sensible decision as to their value
 deliver lucid presentations on economic research and current policy
METHODS OF TEACHING AND LEARNING:
Teaching takes place in the Autumn and Spring semesters. There are approximately 34 hours of
lectures and 12 hours of classes covering 8 core topics.
Staff have produced a series of background papers which cover the theoretical and technical material
relating to some of the topics covered. Students are advised to work on these first and foremost.
Thereafter students are encouraged to move on to journal articles and in particular to articles from
the empirical literature.
Lectures are used to identify the structure of each topic, cover the more difficult technical material
and introduce relevant interesting extensions and applications. The classes are a combination of
workshops and seminars. In the workshops students work in small groups on set problems related
to the lecture theoretical material. The students have the opportunity to get to know one another
and to develop their group/communication skills. The seminars cover the empirical work associated
with each topic. Students prepare and deliver oral presentations with overheads and handouts of
their (individual and group) work on set readings from the empirical literature. They thus have the
opportunity to develop their presentation/communication skills as well as their understanding of the
applied elements of labour economics.
Indicative study hours: 160
ASSESSMENT:
Examination Component
Continuous Assessment
N/a
To be confirmed by module leader
In terms of informal assessment, working with small groups within the workshops and seminars,
enables staff the opportunity to gauge the abilities, work and character of each student on the
module. The module encourages a variety of discipline specific and core skills. Much of the work
on the module is student driven, so students have ample opportunity to demonstrate their skills.
The assignments require the integration and assessment of economic theory and empirical material.
The examination paper requires the student to solve problems using the theoretical and technical
material they have met. This allows students to demonstrate their intellectual skills in synthesis.
The questions require the application of labour economics to specific aspects of unemployment and
wage differentials. This encourages/allows students to demonstrate their intellectual skills in
evaluation.
Together the informal and formal assessment activities allow staff to identify whether the module’s
learning outcomes are being realised.
SYLLABUS CONTENT:
The Labour Market and Trade Unions; modelling & estimating the union mark up and the effects of
unions on productivity, profits etc. The Labour Market and Structural Change: mismatch, structural
change and labour market flexibility. The Internal Labour Market; productivity and efficiency wages,
structured internal labour markets. Labour Market Dynamics; flows, duration, hysterisis, long term
unemployment, & Insider/Outsider analysis. The Distribution of Earnings; compensating wage
differentials, Human Capital theory. Explaining Male/Female Earnings Differentials; discrimination,
29
segmentation and the UK wage differential. Personnel Economics; Human Resource Management,
high performance work systems, performance related pay as an incentive system.
INDICATIVE READING LIST:
T Boeri and J Van Ours The Economics of Imperfect Labour Markets Princeton University Press
S Polachek & W S Siebert The Economics of Earnings Cambridge University Press
30
INTERNATIONAL HUMAN RESOURCE MANAGEMENT
The module code for students studying this module for the spring semester only will be BS9640.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS3740
20
Autumn & Spring
BSc Business Management, BSc Business Management (Human
Resources),
BSc
Business
Management
(International
Management), BSc Business Management (Logistics & Operations),
BSc Business Management (Marketing), BSc Business Management
with a European Language, BSc Econ Accounting and Management,
BSc Business Studies with Japanese, BSc Business Management &
Finance.
AIMS OF THE MODULE:
The module explores with students how the management of people has an international dimension
and seeks to develop knowledge and understanding of HR practices within international employing
organisations. The module also makes evident to students that HRM practices must be regarded
within an international political economy, focusing on how nation states, civic organisations, global
business activities and transnational bodies shape contemporary HRM practices.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A. Knowledge and Understanding
 Demonstrate knowledge and understanding of the process of managing human resources
in international organisations
 Demonstrate knowledge and understanding of the context that shapes international HRM,
including the strategies and structures of firms, the institutions and cultures of host
countries, the international regulatory environment, and international trade unionism and
the new social movements
B. Intellectual Skills:
 This module will encourage students to develop a critical approach to ideas and evidence
encountered in the module of study.
 The assessed essay and examination require students to demonstrate a knowledge of, and
an ability to synthesise and evaluate the relative merits of different arguments in each of
the main areas of the syllabus.
C. Discipline Specific Skills:
 Students taking the module will be required to communicate effectively and read and
interpret theoretical and research-based literature on aspects of international HRM and
international employment relations.
 Students will also acquire an ability to evaluate and formulate policies relating to the
management of workforces in international organisations, including conformance to
international labour standards.
 Communicate HR Issues and policies effectively through posters/and leaflets/pamphlets
 Read and interpret theoretical and research-based literature on international HRM and
international employment relations and demonstrate an ability to communicate such
information effectively
 Demonstrate an ability to evaluate and formulate policies relating to the management of
workforces in international organisations, including conformance to international labour
standards
31
D. Transferable Skills:
 Students taking the module will develop a series of advanced learning skills.
 There is an emphasis on good oral communication within tutorials and a particular stress is
placed on the development of effective writing skills.
 Students will work in groups to complete tutorial exercises, allowing team-working skills to
be nurtured and there is an emphasis on developing research skills through the use of
internet and other electronic sources in tutorial exercises.
 General study skills will be developed through the use of lectures, tutorials and reading lists
and through the preparation of an assignment and completion of the examination.
 Students will refine word-processing skills by submitting an assignment with an accent on
imaginative presentation.
 formulate and apply a range of academic skills including: the evaluation of theoretical
models; the operationalisation of concepts; and the interpretation of empirical evidence
 develop analytical, communication, presentation, team-working and learning skills through
tutorials and group presentations
 Production of posters and leaflets
 IT Skills (Photoshop)
METHODS OF TEACHING AND LEARNING:
This module will rely upon a student-centred and active learning approach to teaching. Students
develop the necessary insights and skills to allow them to become independent learners. Tutorial
and lecture activities are planned carefully so that they not only impart necessary information and
knowledge but allow students to participate in the learning process and develop their
competencies. High expectations will be communicated to students in order to build esteem and
promote effective performance. The module will employ a diverse range of teaching methodologies
and techniques and there will be a deliberate effort to avoid lectures and tutorials becoming
formulaic and predictable. The module will consist of 40 hours of lectures and 10 hours of tutorials.
Indicative study hours: 160
ASSESSMENT:
Examination Component
One 3 hour examination at the end of the Spring Semester
Continuous Assessment
N/a
The extent of student reading and knowledge of the subject is formally assessed in the examination
and assessed essay/report components of the module. Oral communication is informally assessed
via comments given to students on presentations and discussions in tutorials. Comments are made
on the presentation and content of word-processed assessed work, using agreed criteria and there
is overall feedback on the assignment given to the group. Both mechanisms allow for formative
assessment. Informal assessment is made of the depth and quality of the material gathered for
tutorial work and individual and group activities are informally assessed with comments relating to
the strengths and weaknesses of student performance.
The examination will be of three hours in length and will require students to answer three questions,
at least one of which will relate to the first semester’s work. The assignment will consist of a
substantial individual piece of work (essay or report) of 3000 words in length
SYLLABUS CONTENT:
Globalisation, international competition and employment; International HRM and the HR manager
in a global economy; International labour standards; European social models and HRM; Varieties of
capitalism; National systems of employment and HRM (Japan, USA, Spain and Asian models);
32
Beyond national models – pressures for change of IHRM; Industrial patterns of HRM (civil aviation
and auto manufacturing); The convergence of IHRM; Training and education of employees;
Corporate social responsibility; Work organization; Expatriation: Staffing the multinational
companies; International management development
INDICATIVE READING LIST:
Edwards, T. and C. Rees (2006) International Human Resource Management: Globalisation, National
Systems and Multinational Companies, Prentice Hall.
Harzing, A-W. and H. Van Ruysseveldt (eds.) (2004) International Human Resource Management,
Sage.
General Reading
Bamber, G. et al (2004) International and Comparative Industrial Relations , Sage.
Boyer, R. et al (eds.) (1998) Between Imitation and Innovation: The Transfer and Hybridization of
Productive Models in the International Automobile Industry,
Oxford University Press.
Brewster, C. et al (2007) International Human Resource Management, CIPD.
Briscoe, D. et al (2009) International Human Resource Management: Policies and Practices for the
Global Enterprise, Routledge.
Brown, P. et al (2001) High Skills: Globalisation, Competitiveness and Skill Formation, Oxford
University Press.
Budhwar, P. (ed.) (2004) Managing Human Resources in Asia-Pacific, Routledge.
Dowling, P. and D. E. Welch (2004) International Human Resource Management: Managing People
in a Multinational Context, Thomson Learning.
Dowling, P. et al (2008) International Human Resource Management, Thomson.
Eaton, J. (2000) Comparative Employment Relations: An Introduction, Polity Press.
Ferner, A. and R. Hyman (eds.) (1998) Changing Industrial Relations in the New Europe , Blackwell.
Hall, P. and D. Soskice (eds.) (2001) Varieties of Capitalism, Oxford University Press.
Hyman, R. (2001) Understanding European Trade Unionism, Sage.
Lucas, R. et al (2006) Human Resource Management in an International Context, CIPD.
Morley, M.J. et al (eds.) (2006) Global Industrial Relations, Routledge.
Ozbilgin, M. (2005) International Human Resource Management, Palgrave.
Parker, B. (1998) Globalization and Business Practice: Managing Across Boundaries, Sage.
Roozendahl, G. (2002) Trade Unions and Global Governance, Continuum.
Scullion, H. et al (2005) International Human Resource Management, Palgrave.
Scullion, H. (2006) Global Staffing, Routledge.
Tayeb, M. (2005) International Human Resource Management: A Multinational Company Perspective,
Oxford University Press.
Students will be expected to make use of relevant journals including:
British Journal of Industrial Relations
Bulletin of Comparative Labour Relations
European Journal of Industrial Relations
International Journal of Human Resource Management
Politics and Society
33
SERVICES & RELATIONSHIP MARKETING
The module code for students studying this module for the spring semester only will be BS9642.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER
PROGRAMMES
BS3742
20
Autumn & Spring
BSc Business Management, BSc Business Management (Human
Resources), BSc Business Management (International Management),
BSc Business Management (Logistics and Operations Management),
BSc Business Management (Marketing), BSc Business Management
with a European Language, BSc Business Management & Finance.
AIMS OF THE MODULE:
This module aims to broaden students’ understanding of marketing beyond that of the traditional
marketing mix approach. It is intended that this course will offer a specialised advanced level module in
the areas of services and relationship marketing.
The module aims to show how service and relational approaches are increasingly becoming the preferred
marketing model. This is facilitated by demonstrating progression from the traditional marketing mix and
services marketing towards an alternative marketing paradigm. Subsequently, a practical approach is
used to show how services marketing and relationship marketing are used in the business environment.
Further strategic developments in marketing are also reviewed, for example customer relationship
management, loyalty and experience marketing.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to:
A. Knowledge and Understanding
 Understand the theoretical underpinnings of services marketing and relationship marketing.
 Understand service markets, products and customers
 Understand the application of these approaches to a variety of environmental contexts
 Understand the tools and skills necessary for the successful implementation of both services
marketing and relationship marketing strategies.
B. Intellectual Skills:
 Analyse and evaluate marketing and management issues arising from the services marketing
and relationship marketing approaches
 Critically analyse various contrasting theoretical and practical approaches to services marketing
and relationship marketing.
C. Discipline Specific Skills:
 Be able to apply principles of services marketing and relationship marketing to appropriate
services and environments.
 Develop relational marketing programmes using a range of facilitating interactive media.
D
Transferable Skills:
 Be able to construct a balanced and valid argument within a given context.
 Develop a range of presentation and report writing skills appropriate to the business
environment.
34

Be aware of wider social issues involved with new business practices.
METHODS OF TEACHING AND LEARNING:
44 hours of classes per student will be provided. These include a number of lectures and small group
sessions.
ASSESSMENT:
Assessment will be via an individual assignment and an examination.
The assignment will be designed to explore students’ understanding of and ability to apply and evaluate
concepts and approaches presented to them in the module.
The examination assesses student understanding of, and ability to use and apply, a both services and
relational approaches to marketing. They will also be examined on their understanding of marketing
theory in these areas.
Examination Component
One 3 hour examination at the end of the Spring Semester
Continuous Assessment
N/a
SYLLABUS CONTENT
The development of marketing from the traditional marketing mix with an emphasis on services
marketing and relational marketing.
Understanding service markets, products and customers.
The service-dominant logic perspective.
The Servicescape
Managing people in a services and relationship marketing environment.
Service failure and service recovery.
Origins and theoretical underpinnings of Relationship Marketing.
The facets of successful marketing relationships.
The Relationship Marketing model.
Relationship and Loyalty Marketing in practice.
Relationship maintenance and dissolution.
INDICATIVE READING LIST
Lovelock, C, J Wirtz and P Chew (2009) Essentials of Services Marketing, Pearson: Singapore
Zeithaml, V, Bitner, MJ and Gremler, G (2005) Services Marketing 4e, McGrawHill
Egan, J (2008) Relationship Marketing: Exploring Relational Strategies in Marketing , Pearson: Harlow
Evans, M, O’Malley L and Patterson M (2004) Exploring Direct and Customer Relationship Marketing ,
Thomson Learning
Sheth, J and Parvatiyar, A (2000), Handbook of Relationship Marketing, SAGE: Thousand Oaks
Journal
Journal
Journal
Journal
Journal
of
of
of
of
of
Services Marketing
Services Research
Database Marketing
Interactive Marketing
Relationship Marketing
35
YEAR 2
MODULE
DESCRIPTIONS
36
PERFORMANCE AND FINANCIAL MANAGEMENT
The module code for students studying this module for the spring semester only will be BS8617.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS25817
20
Autumn & Spring
N/a
AIMS OF THE MODULE:
The aims of the module are to build on students’ understanding, gained from studying the Level One
module, Introduction to Accounting, by exploring further the uses and limitations of management
accounting information, techniques and procedures.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to:
A. Knowledge and Understanding:
 Distinguish between financial and management accounting in terms of their
functions and intended audiences and show understanding of the importance
of non-financial information to businesses in the 21st century;
 Display, both through written discussion of principles and through solving
numerical problems, a clear understanding of traditional and innovative
techniques and concepts in planning, cost determination, pricing decisions, ,
and management control;
 Recognise the importance to organisations of the control of working capital, and show the
ability to evaluate the impacts of changed assumptions or
procedures in managing inventories, receivables, payables and cash;
 Demonstrate awareness, both by problem-solving based on numerical case studies and by
written discussion, of the uses and limitations of techniques for capital and project investment
appraisal and of the range of competing sources from which businesses may obtain long-term
finance;
 Show understanding of the tensions inherent in managing and measuring the performance of
organisations;
 Demonstrate awareness of the importance of qualitative, judgmental and commercial factors
in decision-making, and the use of accounting techniques and information as tools to support
and influence such decisions, rather than as decision making techniques in their own right
B. Intellectual Skills:
 Demonstrate the ability to apply and comprehend accounting and financial management
techniques.
37
C. Discipline Specific Skills:
 Evaluate the financial and behavioural aspects of management techniques for planning,
budgeting and organisational control.
D. Transferable Skills:
 Develop the ability to use and interpret quantitative financial data
 Develop analytical and study skills through tutorial exercises and the preparation of
assignments
METHODS OF TEACHING AND LEARNING:
Teaching takes place in the Autumn and Spring semesters.
There are a minimum of 36 hours of lectures and up to 8 hours of tutorials, but substantial personal
input is required from students.
Pre-reading:
A programme of recommended pre-reading is issued to students at the beginning of each semester,
identifying core materials and offering suggestions for further reading on each main topic covered.
Students who complete the core pre-reading will be able to reinforce their understanding of topics
introduced in lectures.
Lectures:
are intended as introductions to the individual topics covered in the module, building on the core prereading and suggesting further references for follow-up reading.
Feedback sessions:
a total of eight feedback sessions will be held based on tutorial type questions issued before the
sessions commence... Tutorial material, by the nature of the module, is weighted in favour of numerical
examples designed to test understanding of key principles. Students are required to prepare for t
he feedback sessions in advance of the session, to contribute actively to discussions and to be
prepared to present their answers to, and discuss them with, other members of the class
Surgery:
a revision surgery is held at the end of the Spring Semester to enable students encountering difficulty
with individual topics to attend, on a voluntary basis, for further assistance.
Self-study and revision packs:
topic specific revision packs containing a selection of past examination questions, with detailed
suggested answers, are issued and students are encouraged to use these packs to prepare for the
exam.
ASSESSMENT:
Examination Component
One three hour examination at the end of the Spring semester
Continuous Assessment
N/a
SYLLABUS CONTENT:
Background to Management Accounting
The nature and role of management accounting and its relationship to the collection and distribution of
both financial and qualitative data in organisations; the uses of cost information and its multifaceted
nature dependent on the purposes of the end-user.
38
Cost/Volume Profit (CVP)
Analysis The relationship between business activity and the behaviour of different categories of cost, as
evidenced in cost-volume-profit applications; the limitations and assumptions behind this widespread
technique.
Product Costing
The identification of cost for product valuation and pricing purposes; the need to reconsider traditional,
simplistic techniques of cost and overhead allocation in the light of the changing pace and technologies
of modern manufacturing and service organisations.
Short-term Decisions
Short-term operating decisions involving scarce resources, including relevant and opportunity cost for
decision-making and the need to base short-term decisions on only those aspects of cost and income
which are relevant to the options available.
Pricing:
Theoretical and practical aspects of pricing decisions Budgeting and Budgetary Control The planning and
control process, including financial and behavioural aspects of budgeting; the identification and analysis
of variances between expected and actual outcomes
Developments in Management
Accounting Recent developments in theory and practice affecting the uses of management accounting.
Financial performance indicators
(FPIs) for profitability, liquidity efficiency, financing, investment and non-financial performance
indicators (NFPIs) in both manufacturing and service businesses
Working Capital Management The management and planning of short-term working capital and its
importance to business survival; forecasting working capital requirements and evaluating the impact of
changes in working capital management policy; inventory, receivables, payables and cash management.
Investment Appraisal Techniques, both traditional (Accounting Rate of Return and Payback Period) and
more recent (Discounted Cash Flow, Internal Rate of Return and Net Present Value), of project and
capital investment appraisal.
Corporate Funding The cost of long-term capital; sources of long-term business funding and their
respective benefits and drawbacks.
INDICATIVE READING LIST:
Atrill, P. & McLaney, E. 2012, Management Accounting for Decision Makers, 7thEdition.
Harlow: Pearson
Drury, C. 2013, Management Accounting for Business, 5thEdition.
Andover: Cengage Learning McLaney, E. 2011,Business Finance Theory and Practice, 9th Edition.
Harlow: FT Prentice Hall.
39
MONEY, BANKING AND FINANCE
The module code for students studying this module for the spring semester only will be BS8651.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS2551
20
Autumn & Spring
BSc Econ Banking & Finance, BSc Econ Economics, BSc Econ
Business Economics, BSc Econ Economics & Finance, BSc Econ
Accounting and Economics, BSc Econ Economics & Management
Studies, BSc. Econ Economics with Politics, BA Economics with
Humanities
AIMS OF THE MODULE:
The role of this module is to provide students with a comprehensive introduction to the economics
of money, banking and finance. It builds upon the theoretical analyses introduced in the year 1
macroeconomic and microeconomic modules and applies them within a monetary and financial
context. The module provides an essential grounding for the final year modules on the Banking &
Finance degree programme, Domestic and International Banking, International Finance and Financial
Economics.
This module aims to provide an understanding of the workings of monetary and financial systems
and uses this understanding to assess and evaluate policy options and problems in economics,
banking and finance. The module surveys basic monetary theory and provides insight into current
debates in banking and finance.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 identify the role of financial institutions and financial markets and be able to demonstrate
the ways in which they allocate savings and investment within the economy.
 be conversant with basic concepts of finance theory.
 Understand the mechanism of trading financial securities in capital markets
 identify competing theories of demand for money and money supply determination.
 outline the various theories of interest rate and exchange rate determination.
 be aware of developments in UK banking and financial markets.
B
Intellectual Skills:
 evaluate the functions and performance of banks and other financial intermediaries by
examination of their involvement in such things as deposit creation, risk reduction and
portfolio management.
 undertake financial analysis of, for example, various asset prices, and portfolio risk and
return.
 Evaluate the use of information in trading securities in capital markets
 differentiate between competing theories of demand for money and to interpret the empirical
evidence relating to these theories.
 synthesis of competing theories of money supply determination and to outline and assess
the problems involved in monetary control.
 compare and contrast divergent theories of how interest rates are determined.
C
Discipline Specific Skills:
40






Understand the implications of limit order and market order driven trades in securities
trading.
Use understanding of the workings and theories of monetary and financial systems to assess
and evaluate various policy options.
Apply competing theories of money demand and money supply determination to economic
and financial data and information.
Identify the role of interest rate theory in the formulation of current economic policy.
Evaluate the theories of market efficiency in light of current empirical evidence.
Summarise information on banks and other financial intermediaries in light of theories on
capital and money markets.
D
Transferable Skills:
 communicate ideas and principles by written and oral means.
 develop numerical and problem solving skills
 exercise information gathering and handling skills
 show reasoning with empirical evaluation and logical reasoning.
 Ability to conduct securities trading as a day trader.
METHODS OF TEACHING AND LEARNING:
Teaching will take place in the Autumn and Spring semesters. There will be approximately 34 hours
of lectures and 10 hours of classes including 4 hours trading practice in the trading room. The
module covers 10 topics, with each topic consisting of approximately 3 hours of lectures plus a one
hour class.
For each topic, students are provided with detailed lecture plans which include the aim of the relevant
lectures, a structured outline of what will be covered along with a detailed reading list for each topic.
The purpose of lectures is to cover the main points and structure of the topic, cover new material,
aid in improving student learning and provide guidance to further research on the topic. For each
class, students will be given specific questions, which must be prepared and brought along for
discussion.
Indicative study hours: 160
ASSESSMENT:
Examination Component One 3 hour examination at the end of the Spring
Continuous Assessment
N/a
Formal Assessment:

Autumn Semester Examination (20%)
This consists of a short question exam relating to financial markets, portfolio theory and
investment. This assessment focuses on subject specific skills and problem solving skills.

Assignment (20%)
The assignment will be a written report based on a securities trading exercise conducted in the
autumn semester.

Summer examination (60%)
The summer examination will be will be based on the lectures in the second half of the first
semester and the all of the second semester. The topics will be about the structure of financial
markets, banking and credit markets, interest rates, the demand for money and monetary policy.
Informal assessment:
 Informal assessment is provided through class exercises. Classes consist of a wide variety of
questions/problems, based on lecture material, but requiring further research and reading. They
41
may consist of numerical questions, written definitions, short essays, data response, and data
collection in order to mirror the diversity of the final examination.
 In order to provide an indicator of knowledge and comprehension, students are informally
assessed by use of short ‘quizzes’ at the start of a number of lectures.
SYLLABUS CONTENT:
Introduction to Finance and Portfolio Theory; CAPM; Market Efficiency; Rational expectations and
the role of information in securities markets. Securities markets trading. The characteristics and
functions of Money; The role and functions of Financial Intermediaries; Capital Markets & Valuation
of Assets; Money Markets & the role of banks; Banks’ balance sheets and the risks and risk
management of banks; The Demand for Money and Implications for Macro Models; Theory of
Monetary Exchange and the Supply of Money; Theory of Monetary Policy; Determination of Interest
Rates;
INDICATIVE READING LIST:
The core text for this module is: Frederic S. Mishkin (2004) “The Economics of Money, Banking and
Financial Markets”, 7th Edition Addison Wesley.
Detailed reading lists are given out with each topic.
42
LOGISTICS AND DISTRIBUTION MANAGEMENT
The module code for students studying this module for the spring semester only will be BS8681.
Student studying this module in the spring semester only must be aware that elements of the
descriptor will not apply.
The assessment for “spring semester only” students will be confirmed by the module leader.
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS2581
20
Autumn & Spring
BSc Business Management, BSc Business Management (International
Management), BSc Business Management (Logistics & Operations),
BSc Business Management (Marketing)
AIMS OF THE MODULE:
The module aims to provide students with a tactical and operational level understanding of the functions
and operational characteristics of logistics systems. There is a focus on both internal and external factors,
reflecting contemporary issues faced by logistics managers.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to:
A. Knowledge and Understanding:
 Explain how logistics has emerged a business process and distinguish it from similar concepts
such as physical distribution and supply chain management.
 Demonstrate understanding of the components of the supply chain by describing and assessing
the trade offs between transport, warehousing and inventory that are inherent in logistics.
 Comprehend how operations can be affected by the internal characteristics of the logistics
system, such as the type of product and scale of operations.
 Explain the impact of external factors, such as policy frameworks, the environment and
information technology, on logistics management practices, particularly at a tactical and
operational level.
 Identify and understand the role of third party providers in logistics operations.
 Demonstrate awareness of the importance of performance measurement in satisfying the
customer requirements from a logistics system.
B. Intellectual Skills:
 Apply generic logistics management principles into practical solutions through empirical
examples.
 Analyse and synthesise information from a wide range of information sources.
 Develop a holistic perspective on logistics, recognising the trade offs between different
functional areas.
C. Discipline Specific Skills:
 Comprehend the logistics business from an economic, operational and regulatory perspective.
 Explain the interplay of internal and external factors that influence logistics operations.
 Develop and evaluate solutions for typical, contemporary problems faced by logistics managers.
D. Transferable Skills:
 Write essays and reports to a deadline
 Undertake project management as part of a small team
 Collect information from the library and synthesise it to meet learning objectives
 Integrate the learning from both lectures and personal research
 Give presentations within set time limits
43
METHODS OF TEACHING AND LEARNING:
The formal timetabled components of the module comprise 44 hours of lectures, 22 in each of the Autumn
and Spring semesters. The lecture programme is introduced at the beginning of the academic year by
the module co-ordinator with an emphasis on how the different components link to each other. The
structured reading promotes the strength of the cohesive rationale of the syllabus and aims at providing
students with the foundations for addressing their coursework essay questions which are directly related
to lecture material. Students are given a sufficiently varied range of topics to cover in their coursework
in order to enhance their understanding of key areas of the syllabus. Lectures are enhanced through the
use of industry based case studies as appropriate. Video projections are used to link theory and taught
information with real industrial examples. Student learning is supported by the practice of private
lecturer/student consultations and direct e-mail contact.
ASSESSMENT:
Examination Component
N/a
Continuous Assessment
To be confirmed by Module Leader
Assessment consists of two elements: an examination component consisting of one 3 hour examination
taken at the end of Semester 2 and two written pieces of coursework, each of 2000 words. The first piece
of coursework is a small group project and presentation, the second is an individual essay.
The examination contains a range of questions designed to cover the learning outcomes of the module.
Questions are designed to test the student’s basic knowledge and comprehension of the material taught.
Answers require an application of theory/model, or number when appropriate. Questions are designed to
assess critical and analytical ability and provide a means to ‘stretch’ good students.
SYLLABUS CONTENT:
Introduction to the concepts, terminology and definitions of logistics; Distribution channels; Transport
management, including modal choice, intermodal technology; Warehouse location and operations;
Inventory management; Logistics and the environment; Information and Communication Technology in
logistics operations; Third party logistics operations and the outsourcing process; Logistics performance
measurement.
INDICATIVE READING LIST:
Rushton, Croucher, Baker (2010) The Handbook of Logistics & Distribution Management, 4th Edition,
Kogan Page, London
International Journal of Logistics: Research & Applications
International Journal of Physical Distribution and Logistics Management
Logistics and Transport Focus
Supply Chain Management: An International Journal
44
YEAR 1
MODULE
DESCRIPTIONS
45
INTRODUCTION TO LEGAL STUDIES
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS1607
10
Spring
BSc Accounting with a European Language, BSc Econ Accounting
and Management, BSc Econ Accounting and Economics
AIMS OF THE MODULE:
The Introduction to Legal Studies module is designed to provide students with a comprehensive
understanding of the court structure, procedures and personnel of the legal system of the United
Kingdom and the European Union. Issues in tortious and contractual liability are also considered in
detail.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 understand the fundamental principles of the unwritten constitution of the United Kingdom
 understand, compare and contrast the remedies available to a claimant in a civil action in
respect of tortious liability or breach of contract
 understand, compare and contrast the defences which may be available to a defendant in a
civil action
 understand the legal rights and responsibilities arising in the workplace as derived from both
common law and statutory sources
 understand the legal protection of ideas, concepts and data with particular application to
information technology
 understand and contrast the legal philosophies guiding legal reform in the UK
 have synthesised a practical repertoire of knowledge which will help them, and which they
will apply, in their future careers in business or in general management
B
Intellectual Skills:
 the ability to differentiate between different sources of law
 the ability to critically assess options available to participants in civil and criminal actions
C
Discipline Specific Skills:
 to gain an in-depth knowledge of issues relating to parliamentary sovereignty in the United
Kingdom
 to understand the nature of the participation of the United Kingdom within the European
Union
D
Transferable Skills:
 critical analysis
 writing coherently on legal issues impacting across all aspects of professional and personal
life
METHODS OF TEACHING AND LEARNING:
The formal time-tabled elements consist of 22 lectures and 4 hours of tutorials. The students are
encouraged to read widely, understand and critically appraise the material. The lectures provide the
students with a baseline, benchmark knowledge. These are supported by detailed handouts, and
structured reading. Extensive use is made of internet-based resources which students are required
to find for themselves, and utilise in their tutorials and written work.
Indicative study hours: 160
ASSESSMENT:
Examination Component
70%
46
One 2 hour examination at the end of the
Spring Semester
Continuous Assessment:
Number of pieces:
Semester
30%
One 1,500 word essay of submitted week 10 of the Spring
In the examination paper there will be 10 questions and students have to answer two of these
questions.
Formal assessment is by means of a two hour examination at the end of the Spring semester, and a
1500 word essay, submitted in week 10 of the Spring semester. The examination contains a range
of questions designed to test students’ knowledge, comprehension and analytical skills. Students
are particularly encouraged to demonstrate their reading and critical appraisal skills. The ten
questions set are designed to fully assess the students skills and knowledge, as well as their
appreciation of international issues and developments.
SYLLABUS CONTENT:
The Constitutional framework of the United Kingdom; the legislative process; Institutions of the
European Union; structure of the legal profession of the United Kingdom; criminal court structure;
differences between criminal and civil actions; Common Law and the doctrine of Precedent; origins
and functions of equitable remedies including truss; issues in tortuous liability; issues in contract law
including components of a valid contract terms limited into contracts at common law and statute,
common law and statutory remedies; introduction to agency; introduction to employment law,
information technology and its legal environment.
INDICATIVE READING LIST:
Bradley, A.W. and K.D. Ewing, 2003, Constitutional and Administrative Law, 13th Edition, Longman
Douglas-Scott, Sionaidh, 2002, Constitutional Law of the European Union, First Edition, Longman
Walker and Walker, English Legal System, Butterworths
Darbyshire, Penny, 1996, Eddey on the English Legal System, Sixth Edition, Sweet and Maxwell
Smith and Keenan’s English Law, 1995, Eleventh Edition, Pitman Publishing
47
INTRODUCTION TO FINANCE
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS1610
10
Spring
BSc Accounting, BSc Accounting and Finance, BSc Econ Accounting
and Economics, BSc Econ Accounting and Management, , BSc
Accounting with a European Language, BSc Econ Banking and
Finance, BSc Econ Business Economics, BSc Business Management
and Finance, BSc Econ Economics and Finance, BSc Econ Banking
and Finance
AIMS OF THE MODULE:
The aim of the module is to introduce students to the basic concepts of finance, including the
evaluation of investment projects, and the different sources of finance available to UK businesses.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 show a knowledge of the basic concepts in finance e.g. risk, return, value and market efficiency.
 show a knowledge of the traditional and discounted cash flow models of investment appraisal.
 understand the importance of relevant costs in investment appraisal decisions.
 understand the implications of inflation and taxation in investment appraisal decisions.
 show a knowledge of the main sources of finance available to UK businesses.
B
Intellectual Skills:
 synthesise and evaluate finance data.
 solve problems, including the ability to manipulate financial and other numerical data.
 exercise powers of inquiry and logic.
C
Discipline Specific Skills:
 use and critically evaluate the traditional and discounted cash flow models of investment
appraisal.
 identify and incorporate relevant costs in investment appraisal decisions.
 incorporate the effects of inflation and taxation in investment appraisal decisions.
 identify and evaluate the main sources of finance available to businesses in the UK.
 calculate and evaluate simple market measures for shares and bonds.
D
Transferable Skills:
 communicate ideas and principles effectively by written and oral means.
 exercise initiative, self reliance and time management skills and work independently.
 appreciate alternative viewpoints.
 exercise numeracy and problem solving skills.
 access and utilise information in traditional (e.g. library) and IT (e.g. the internet, databases)
form.
48
METHODS OF TEACHING AND LEARNING:
The formal timetabled components of the module comprise 17 hours of lectures and 4 hours of
tutorials. However, as students need to assimilate a basic of body of finance knowledge and
demonstrate a proficiency in the application of this knowledge to a range of contexts, an effective
teaching strategy and learning support structure is imperative. Detailed handouts and a structured
reading list are given to students in order to encourage the completion of tutorial questions, which
build upon material covered in lectures. Tutorials will run weekly.
Student support is given formally, through lectures and tutorials, and informally through private
consultation with any member of the module’s team of tutors, and e-mail student – lecturer/tutor
contact.
Indicative study hours: 80
ASSESSMENT:
Exam component
100%
One 2 hour examination at the end of the Spring semester
The examination contains a range of questions designed to cover the learning outcomes for the
module and to test skills development. It aims to test knowledge and comprehension of the syllabus
as well as testing students’ ability to apply such knowledge in particular contexts. Questions require
a combination of both written and numerical answers, which test students’ development of
intellectual, communication, numeric and reasoning skills, as well as subject-specific knowledge.
Informal assessment is provided through tutorial questions that are distributed in advance. The
classes are designed to answer any queries regarding the tutorial questions. A varied range of
tutorial, examination-standard questions are designed to stimulate independent learning, increase
students’ exposure to the topic under consideration, and to provide an ongoing mechanism for
assessing the extent to which students are meeting the module’s learning outcomes.
Student problems are dealt with by the lecturer or tutor and all students are encouraged to submit
queries either in the tutorial or afterwards with any member of the module team.
SYLLABUS CONTENT:
Basic concepts in finance: the objectives of the firm, risk, return, the time value of money, share
pricing issues and market efficiency. Project/investment appraisal: compound interest, annuities,
traditional models, DCF models, project cash flows, relevant costs for decision-making and the
impact of taxation and inflation. Internal sources of finance and shareholder issues. External short
and medium term sources of finance - bank sources, trade credit, factoring, hire purchase, leasing,
and sale and leaseback. Long term sources of finance - ordinary shares, preference shares and
debt. The choice between sources of finance. Market measures for the financial evaluation of
shares and debt. Issue methods for ordinary shares. Financial intermediation – deposit and non
deposit taking institutions. Financial markets and the London Stock Exchange.
INDICATIVE READING LIST:
Arnold, Glen (2008), “Corporate Financial Management, 4th ed.”, Prentice Hall
49
FUNDAMENTALS OF FINANCIAL REPORTING
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS1611
10
Spring
BSc Accounting, BSc Accounting and Finance, BSc Econ Accounting
and Economics, BSc Econ Accounting and Management, BSc
Accounting with a European Language, BSc Econ Banking and
Finance, BSc Econ Business Economics and BSc Finance and
Management
AIMS OF THE MODULE:
The aims of the module are to further develop fundamental accounting and information management
skills and to introduce the information system requirements for the financial accounting needs of an
organisation.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 understand the differences in the preparation of accounts for partnerships and companies
from those of sole traders.
 show an awareness of the limitations of historical cost accounting.
 understand the role of the cash flow statement.
 show an awareness of the advantages and limitations of ratio analysis.
 discuss the need for an audit report in business organisations.
 appreciate the importance of professional ethics in public practice and business.
B
Intellectual Skills:
 synthesise and evaluate accounting data.
 solve problems, including the ability to manipulate financial and other numerical data.
 exercise powers of inquiry and logic.
C
Discipline Specific Skills:
 demonstrate the application of the double entry book-keeping process through the
preparation of a set of accounts for partnerships and companies from accounting records.
 analyse a set of accounts, through the use of ratios and cash flow statements.
 utilise accounting software by inputting accounting data, producing a range of outputs in the
form of financial statements.
D
Transferable Skills:
 communicate ideas and principles effectively by written means.
 exercise initiative, self reliance and time management skills and work independently.
 appreciate alternative viewpoints.
 exercise numeracy, problem solving and IT skills.
 access and utilise information in traditional (e.g. library) and IT (e.g. the Internet, databases)
form.
METHODS OF TEACHING AND LEARNING:
The formal timetabled components of the module comprise 15 hours of lectures and 7 hours of
classes during the Spring Semester. The lectures are designed to identify the structure of each topic;
to cover the theoretical aspects and to explain the more difficult technical material, and to work
through practical examples where appropriate. Students are provided with details of relevant
additional reading material to consolidate and extend the knowledge gained from these sessions. A
number of classes are designated to provide students with the opportunity to gain hands on
experience of a computerized accounting package. The classes are held in the computer laboratories
50
and students are given individual access to the accounting package, and are expected to work their
way through a Case Study requiring them to input accounting transactions and preview the resultant
outputs. The remainder of the classes involve working through practical examples of the theoretical
subjects covered in the lectures, some of which the students are expected to prepare in advance.
An opportunity is provided here for the discussion of any difficult areas. Additional exercises relating
to the topics covered are provided at these sessions. Further support is provided by revision sessions
including the distribution of a revision pack containing exam style questions (and answers) and other
practice material. Informal private consultation and/or e-mail contact support is available from any
one of the staff members on the teaching team.
Indicative study hours: 80
ASSESSMENT:
Examination Component:
Continuous Assessment:
70%
One 2 hour examination at the end of the Spring semester
30%
One computer assignment to be submitted in Week 11 of the
Spring Semester
The assignment uses an accounting ledger system to produce the financial statements of a business.
The purpose of the assignment is for students to develop their skills in using a computerized
accounting system in implementing a business plan for a small new company. Students are required
to input business transactions, obtain the required computerized output and interpret the results.
The examination contains a range of questions designed to cover the learning outcomes of the
module and to test students’ basic knowledge and comprehension of the syllabus but also their ability
to apply such knowledge in particular contexts. Questions require a combination of numerical and
written answers. Students’ intellectual and written communication skills are then tested along with
their numerical application skills.
Informal assessment is provided through tutorial questions, marked by students themselves. A
varied range of tutorial, examination-standard questions are designed to stimulate independent
learning and to provide an ongoing mechanism for assessing the extent to which students are
meeting the module’s learning outcomes. Similarly, revision pack questions are self-assessed.
Tutorials are designed to answer any queries regarding previously distributed questions, but
additional exercises are given to students in each tutorial, in order to increase students’ exposure to
the topic under consideration. Student problems are dealt with by the tutor on a one to one basis
and all students are encouraged to submit queries either in the tutorial or afterwards to any member
of the module team.
SYLLABUS CONTENT:
Computers and accounting; use of an accounting package to input transactions and to produce
financial statements used in business organisations; financial accounting and book-keeping including
the accounts of partnerships and companies, cash flow statements; interpretation of financial
statements using ratio analysis; limitations of historical cost accounting; introduction to auditing and
professional ethics.
INDICATIVE READING LIST:
Marriott, Edwards and Mellett, Introduction to Accounting, 2002, Sage Publications.
Jones, Accounting For Non-Specialists, 2007, John Wiley & Sons Ltd.
Thomas, An Introduction to Financial Accounting, McGraw Hill, 2005.
Gillespie, Lewis and Hamilton, Principles of Financial Accounting, 2000, Prentice Hall.
51
BUSINESS ENVIRONMENT
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS1629
10
Spring
BSc Business Management (All programmes), BSc Business
Management with a Language, BSc Business Studies with Japanese,
BSc Econ Economics and Management Studies.
AIMS OF THE MODULE:
This course aims to set business within the broader context of politics and society and assesses the
relationship between business and a number of related environments.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 Distinguish between different levels of government and consider the relationship between
politics and business
 Identify the differences between the public and private sectors of the economy
 Evaluate the impact of the European Union on business and industry in the UK
 Assess the impact of business on the ecological environment
 Determine the key components of the social environment
B
Intellectual Skills:
 Demonstrate analytical and written communication skills in the form of logical, structured
argument for presentation in response to examination questions
C
Discipline Specific Skills:
 Demonstrate the ability to evaluate the interaction between business and various elements
of its environment, based on a critical interpretation of the literature
D
Transferable Skills:
 Formulate a range of academic skills including: the evaluation of theoretical models; the
operationalisation of concepts; and the interpretation of empirical evidence

Develop analytical, communication, presentation, team-working and learning skills within
tutorials
METHODS OF TEACHING AND LEARNING:
The module comprises 17 hours of lectures and four hours of tutorial/seminar discussion that make
use of key texts, examples and case studies and which require prior study and preparation from
students.
Indicative study hours: 80
ASSESSMENT:
Examination Component:
100%
One 2-hour examination in the Spring Semester
The paper contains a range of questions covering the main areas of
the syllabus. Each question is structured so as to elicit both
knowledge and comprehension of the subject.
52
SYLLABUS CONTENT:
Models and theories of the business environment; an assessment of the various component parts of
that environment, with particular emphasis upon the political and social influences upon business;
an examination of the institutions of government and how different levels of government impact
upon and regulate business activity; an indication of how business attempts to lobby and influence
the policy making process; an examination of pressure/interest group activity including the activities
of environmental groups and issues of corporate social responsibility; an assessment of the
significance to business of the social environment.
INDICATIVE READING LIST:
Wetherley, P. and Otter, D. (2011) The Business Environment: Themes and Issues, Oxford: Oxford
University Press. (core text)
Brooks, I. and Weatherston. J. (2000) The Business Environment: Challenges and Changes,
London: Prentice Hall.
Coxall, Robins and Leach (2003) Contemporary British Politics, London: Palgrave.
Worthington, I. and Britton, C. (2009) The Business Environment, Essex: Pearson.
53
PRINCIPLES OF MARKETING AND STRATEGY
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS1630
10
Spring
BSc Accounting, BSc Accounting and Finance, BSc Business
Management (All programmes), BSc Finance and Management, BSc
Econ Accounting & Economics, BSc Econ Accounting &
Management, BSc Econ Business Economics, BSc Econ Business
Economics with a European Language, BSc Econ Economics, BSc
Econ Economics and Management Studies, BSc Accounting with a
European Language, BSc Business Management with European
language, BSc Business Studies and Japanese, BSc Economics with
a European Language,.
AIMS OF THE MODULE:
The Principles of Marketing and Strategy module is designed to provide students with an
understanding of the fundamental concepts of marketing and strategic management, and to
introduce students to the philosophy of market-led strategic change. It provides an overview to the
key elements of marketing and strategy in order to furnish students with a clear understanding of
the topic before moving to more detailed analysis in the second year.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 comprehend the marketing concept and explain basic marketing theory and principles,
principles of corporate strategy and the relationship between the marketing and strategy
disciplines.
 describe the process of strategic planning and identify the stakeholders involved within it.
 understand the strategic audit process and relate it to simple business scenarios.
 understand and explain the outside-in process, and formulate and justify arguments and
conclusions about specific marketing issues facing companies today.
 generalise the merits of a marketing led approach and compare and contrast it to
alternative business philosophies and practice.
B
Intellectual Skills:
 encourage the development of the ability to critically evaluate key theories and the ability
to compare and contrast theoretical explanations.
 appreciate multiple theories of marketing and strategy.
C
Discipline Specific Skills:
 demonstrate the ability to develop and present coherent and discursive arguments on
marketing and strategy issues.
D
Transferable Skills:
 develop listening and reading skills in lectures and through private study.
 learn how to gather information and conduct desk research by the requirement for
additional reading for lectures.
METHODS OF TEACHING AND LEARNING:
The formal timetabled components of the module comprise 22 hours of lectures, split equally
between the disciplines of marketing and strategy. The lecture programme is supported by handouts,
however students are encouraged to add to these during the lectures and therefore develop skills in
note taking. To extend and consolidate their learning, students are directed to readings in the core
texts for the module.
54
Indicative study hours: 80
ASSESSMENT:
Examination Component:
100%
One 2 hour examination at the end of the Spring Semester
The examination contains a range of questions split equally between the two sections of the module.
Section A covers questions to test learning outcomes for the marketing element of the module and
Section B covers questions to test learning outcomes on the strategy element of the module.
Although the questions are designed to test students’ understanding of the basic concepts and theory
of marketing and strategy, students are also required to demonstrate application of these to a variety
of contexts. In addition to testing subject specific skills, the questions require answers that
demonstrate students’ development of intellectual, communication and reasoning skills.
SYLLABUS CONTENT:
The marketing concept; the marketing environment; marketing objectives and strategies; the
marketing planning process; managing the marketing mix; marketing information; implementation
and control of marketing strategies.
The concept of corporate strategy; the corporate and marketing strategy interface; the strategic
planning process; strategic audits; tools for strategic analysis; strategy implementation and control.
INDICATIVE READING LIST:
Key Text
The following books have been selected for the appropriate nature of their content in line with the
objective for the course. They will be useful for you for making additional notes and during revision
for the module exam. There will copies of the text put in the library and the bookshop has been
made aware of the key recommendation should you wish to purchase your own copy. It is strongly
advised that you purchase the key text as examples and questions will be used from it.
(1)
(2)
Foundations of Marketing 3rd Edition by: Jobber and Fahy
Marketing by Baines, Fill & Page 2nd Edition
Additional Reading:
(1)
(2)
(3)
(4)
(5)
Stuart,
(6)
Principles of Marketing 4th European Edition by Kotler, Wong, Saunders and Armstrong
Principles and Practice of Marketing 6th Edition by Jobber
Principles and Practice of Marketing 2nd Edition by Blythe
Principles of Marketing 4th Edition by Brassington and Pettitt
Marketing real people, real decisions 1st European Edition by Solomon, Marshal,
Barnes and Mitchell
Marketing and Introduction by Armstrong, Kotler, Harker and Brennan
55
MACROECONOMICS
MODULE CODE:
NUMBER OF CREDITS:
SEMESTER:
PROGRAMMES:
BS1652
20
Spring
BSc Econ Accounting and Economics, BSc Econ Banking and
Finance, BSc Eon Banking and Finance with a European Language,
BSc Econ Business Economics, BSc Econ Business Economics with a
European Language, BSc Econ Economics, BSc Econ Economics and
Finance, BSc Econ Economics and Management Studies, BSc Econ
Economics with a European Language, BSc Econ Economics and
Sociology, BSc Econ Economics and Politics, BA in Economics with
Humanities
AIMS OF THE MODULE:
The role of this module is to equip students with a good grounding in the principles of macroeconomic
analysis. This will enable students, if they wish, to continue their studies of macroeconomics in the
second and third years.
The Macroeconomics module aims to provide students with a thorough introduction to the method,
content and theory of macroeconomics and the effects of monetary and fiscal policy on the economy.
LEARNING OUTCOMES OF THE MODULE
On completion of the module a student should be able to
A
Knowledge and Understanding:
 understand the determination of inflation, output fluctuations over the business cycle, and
unemployment
 be able to identify and differentiate between the various theories and models of the economy,
for example Keynes versus the Classical, and to comment on the strengths and weaknesses
of each
 be familiar with the theories of interest rate and exchange rate determination and be able to
identify their role in the formulation of current economic policy
 be aware of some of the recent history of macroeconomic behaviour and policy in the UK and
the rest of the world
B
Intellectual Skills:
 be aware of the role of fiscal and monetary policy in stabilising the economy and determining
the rate of inflation
C
Discipline Specific Skills:
 be able to respond to questions about the effects of changing key policy variables on the
economy. These questions may take the form of essays or of short true/false ‘puzzles’. They
should know the different approaches taken by Keynesian and Classical economists so as to
understand the evolution of modern macroeconomic analysis. They will comprehend this
analysis as well as its predecessor models through the medium of diagrammatic analysis and
simple algebraic representations. They should apply these in class (for example when asked
questions by tutors, usually involving demonstration at the white board), in home revision,
and in assessment
D
Transferable Skills:
 be conversant with the basic concepts of macroeconomics and be able to undertake basic
macroeconomic analysis of, for example, the effects of a monetary expansion
56
METHODS OF TEACHING AND LEARNING:
3 lectures per week, 1 tutorial per week. Total contact hours 40 approx study requirement per week
in addition estimated at 10 hours per week for an average student.
This course requires mastery of diagrammatic and simple algebraic techniques. For this reason the
students must spend a great deal of time practising these techniques both before and in class. During
lectures they have to assimilate the methods as well as absorbing general information about the
subject.
Indicative study hours: 160
ASSESSMENT:
Examination Component:
80%
A 3 hour examination at the end of the Spring semester
Continuous Assessment: 20%
Number of pieces:
Two 50-minute class tests
There are two assessments, each a 50-minute session. One half is devoted to testing mathematical
skills - the solution of simple algebraic problems involving macroeconomic models. The other half
consists of ‘puzzle’ questions requiring true/false answers with brief notes of explanation. This tests
the student’s ability to analyse shocks to the economy using the methods described above.
There is also a final exam, of three hours. For this there are four essay questions, designed to set
out the appropriate analysis for particular macroeconomic policy issues - such as unemployment and
inflation.
SYLLABUS CONTENT:
Aggregate supply and demand
Introduce the ideas of aggregate supply and demand as the organising principle of macroeconomics.
The Classical Model
The model of the economy in which markets clear and prices are flexible, except in the very short
run.
The Keynesian Model
The alterations made by Keynes to the Classical Model in order to generate involuntary
unemployment and the multiplier. The IS and LM curves.
The Neo-Classical Synthesis
Adding the Phillips Curve, augmented by adaptive expectations, to the Keynesian Model, thus
creating a synthesis of the Classical Model in the long-term and the Keynesian in the short term.
Rational Expectations and the New Classical and New Keynesian Models
The RE Hypothesis, explained diagrammatically, and the basis of modern models with flexible prices
and contracts.
The Open economy
Extending the model to trade and capital flows- the Mundell-Fleming model.
Supply-side issues
Productivity, growth and unemployment. Optimal government intervention in tax, spending and
benefits.
Money and banking
Money supply, the money multiplier and the effect on the demand for money of competitive banking.
National accounts and balance sheets
The basics of national accounting conventions.
INDICATIVE READING LIST:
Modern Macroeconomics, Parkin and Bade
57
58