· Web viewBegg, Fischer and Dornbusch, Economics, 9th Edition Hill, CWL, (2010), International Business, 8th Edition, McGraw-Hill/Irwin McDonald & Dearden, European Economic Integration,

BSc Business Economics

Business School

Student Name:

Programme Leader: Dr Paul Walker

BSc Business Economics Programme Handbook 2012/13

Information in alternative formats

This handbook can be found online at: http://myunihub.m-dx.ac.uk/web/home-community/mystudy

If you have a disability which makes navigating the website difficult and you would like to receive information in an alternative format, please contact Sobia Hussain, [email protected]

We can supply sections from thispublication as: a Word document

with enlarged type — sent by email or supplied on a CD or memory stick

printed copy with enlarged type

printed copy on non-white paper

as BrailleOther formats may be possible. We will do our best to respond promptly. To help us, please be as specific as you can about the information you require and include details of your disability.


mailto:[email protected]

http://myunihub.mdx.ac.uk/web/home-community/mystudy



Purpose and status of your student programme handbook

The purpose of this handbook is to provide you with information about your programme of study and to direct you to other general information about studying at Middlesex University, the majority of which is available on UniHub.

The material in this handbook is as accurate as possible at the

date of production however you will be informed of any major changes in a timely manner.

Your comments on any improvements to this handbook are welcome. Please put them in writing (an email will suffice) with the name of the handbook to Dr Paul Walker.

The University Regulations and Student Charter

As a student of Middlesex University you agree to abide by the University Regulations when you enrol and therefore you should read this handbook in conjunction with the Regulations which are available online at; www.mdx.ac.uk/regulations.

Some of the key regulations have been repeated on the Your Study pages on UniHub http://unihub.mdx.ac.uk/study.

You should also read the Student Charter which was co-developed by Middlesex students, staff and the Students’ Union. This sets out your responsibilities as a student and those of the University to ensure that all students have an enjoyable, rewarding and effective experience during their time at Middlesex. You can find more information on the Student Charter on UniHub.


http://unihub.mdx.ac.uk/study

http://www.mdx.ac.uk/regulations/

CONTENTS

University and Programme Academic Calendar...............................................4

Student attendance dates..............................................................................5Learning Framework Term dates..................................................................6WELCOME TO THE BUSINESS SCHOOL.....................................................7Welcome from the Dean.................................................................................7Programme Leader’s Welcome.....................................................................8CONTACTS AND COMMUNICATION.............................................................9Programme staff and contact details............................................................9Student website – UniHub...........................................................................10

Login details for myUniHub...........................................................10UniHelp - General advice and support..........................................11

Email..............................................................................................................11Text messages..............................................................................................11Your contact and personal details..............................................................12Giving your feedback – suggestions and complaints...............................12Data Protection and Privacy........................................................................13YOUR PROGRAMME....................................................................................14Accessing your timetable............................................................................14Bridging materials – ‘Getting started’ and ‘My Programme’.....................14Programme structure diagram....................................................................15Your first year...............................................................................................16

The modules you will study...........................................................16How you will be taught..................................................................16How and when you will be assessed............................................18

Attendance requirements............................................................................19Health and Safety requirements..................................................................20Reviewing your progress.............................................................................21

Feeding back on your programme..............................................................22

Boards of Study and student representatives...............................22Middlesex Programme Feedback Survey.....................................23

Employability................................................................................................24

Employability and your programme..............................................24Internships and placements..........................................................27Employability and Careers Centre................................................27

Assuring the quality of your programme...................................................27

External Examiners.......................................................................27

LEARNING & TEACHING AND ASSESSMENT...........................................29Learning and teaching methods.................................................................29Assessment methods..................................................................................30Submission, receipt, marking and return of assessment.........................31

Submission and receipt of assessment........................................31Exams...........................................................................................31Marking, second marking and moderation....................................31Return of coursework....................................................................32

Assessment Feedback.................................................................................32Progressing on your programme................................................................33

Academic Levels...........................................................................33Your grades..................................................................................33Re-assessment.............................................................................34Deferral of assessment.................................................................35Extenuating Circumstances..........................................................35Results..........................................................................................36

Academic misconduct..................................................................................38Appeals..........................................................................................................38SUPPORT......................................................................................................40Academic Support........................................................................................40

Academic staff..............................................................................40Student Achievement Officer Support..........................................40

BSc Business Economics Programme Handbook 2012/13 Page

Assessment Officer Support.........................................................40

Support services around the University.....................................................41

Information on UniHub..................................................................41UniHelp.........................................................................................42Middlesex University Students’ Union (MUSU)............................43

Programme Specification and Curriculum Map for BSc Banking & Finance..........................................................................................................44Module Narratives........................................................................................57


University and Programme Academic Calendar

This is your calendar for the 2012/13 academic year. For academic calendars for subsequent years please follow this link:http://www.intra.mdx.ac.uk/ouruniversity/academic-calendars/

2012/2013 London Academic Calendar - Undergraduate September starters

October1 New student induction week commences8 Teaching starts for autumn term

October/NovemberTBC Board of Study29-2 Reality Check Week

December3-7 Programme Progress Review Week21 Last day of teaching in the autumn term

December/January22-1 University closed for Christmas vacation24-11 Christmas vacation

January 20132 University re-opens after Christmas 14 Teaching starts for winter term

February-March25-1 Programme Progress Review Week

March TBC Board of Study28 Last day of teaching before Easter

March-April


http://www.intra.mdx.ac.uk/ouruniversity/academic-calendars/

29-2 University premises closed during Easter vacation3 University re-opens after Easter15 Teaching resumes26 End of teaching

April- May29-21 End of year examinationsMay6 and 27 Bank holiday – University closed

June24 (9am) Publication of module results

July1 Main Summer School begins (TBC)4 (5pm) Publication of progression decisions 5 (5pm) Final qualification results published15-19 Graduation Ceremonies for 2012/13 graduates 22-26 Deferred /reassessment examinations (HSSC students)

August9 Summer School ends (TBC)26 Bank holiday – University closed

August-September27-4 Deferred /reassessment examinations (all students except HSSC)

September17 (5pm) Publication of module results23 (5pm) Publication of progression decisions27 (5pm) Final qualification results published

Student attendance dates

1 October – 21 December (New students)8 October – 21 December (Returning students) 14 January 2013 – 29 March 2013


15 April 2013 – 28 June 2013

Learning Framework Term dates

8 Oct – 21 Dec 2012 Autumn term – new students (11 weeks)14 Jan – 29 Mar 2013 Winter term (11 weeks)15 Apr – 19 Jul 2013 Spring term (14 weeks)22 Jul – 4 Oct 2013 Summer term (11 weeks)

You can view your academic calendar on the ‘My Middlesex’ pages of UniHub: http://unihub.mdx.ac.uk/mdx/calendar/index.aspx


http://unihub.mdx.ac.uk/mdx/calendar/index.aspx

WELCOME TO THE BUSINESS SCHOOL Welcome from the Dean

Welcome to the University and to the Business School. This programme handbook should be treated as our contract with you – keep it safe so that you may refer to it throughout your time here. It contains an overview of your programme and the content of its modules and signposts key contacts, services and information you need to progress through your studies and get the most out of student life at Middlesex.

From our side we will deliver the best student experience we can so that you can build on your skills and knowledge and achieve your full potential. In return we expect you to engage actively in the learning process, to be fully committed to your studies and determined to succeed.

In your early weeks you are not expected to absorb everything in detail but to be aware of main documents and their content (including reading through this handbook and consulting the other information sources flagged here). In particular as an enrolled Middlesex student you have certain rights but also specific responsibilities. For details see the full University Regulations in particular ‘University Membership’ (www.mdx.ac.uk/regulations) and if you have not already done so, explore UniHub (http://unihub.mdx.ac.uk) the student website which contains detailed advice and support to assist you further.

We know it takes time to settle in to University life. If you still have questions to ask, your first port of call should be UniHelp (http://unihub.mdx.ac.uk/unihelp) which offers face-to-face, email and telephone information and advice, seven days a week. The UniHelp desk is located on the Ground Floor of the Sheppard Library and the advisors there will be pleased to help and direct you.

Here at Middlesex we are very proud of our academic programmes and students and we look forward to meeting you.

Anna Kyprianou Dean of the Business School.


http://unihub.mdx.ac.uk/unihelp

http://unihub.mdx.ac.uk/

http://www.mdx.ac.uk/regulations/

Programme Leader’s Welcome

Welcome to the BSc Business Economics programme at Middlesex University Business School. We are pleased that you have decided to study at Middlesex and we hope that your time with us will be enjoyable and rewarding. Furthermore, we are confident that you will find this to be a relevant, exciting and stimulating programme, providing you with an opportunity to enhance your knowledge and skills in order to achieve your ambitions.

You will find information in this handbook relating to the structure of the programme, the key people responsible for managing the programme, your responsibilities relating to the planning and progression of your study, the various University services available to support you, and other general University information. We hope this handbook will be useful and will answer the majority of your questions. If there is anything in it you do not understand, or if you have any other questions about your programme, please do not hesitate to contact me, or a student advisor.

Communication between staff and students is very important, so please check your University e-mail regularly. As your programme leader I will be sending e-mails to you during the year. These may ask you to become a student representative, provide details of the study abroad scheme and placement, or perhaps provide details of your options for next year.

My colleagues and I look forward to getting to know you, and remember if you need help, just ask: plenty is available to support you during your studies.

Dr Paul WalkerProgramme Leader


CONTACTS AND COMMUNICATION

Programme staff and contact details

The following members of staff are those who have a major input into your programme and you will be able to find most of these, as well as other important contacts listed in your Key Contacts on myUniHub; ht-tps://myunihub.mdx.ac.uk/web/home-community/mymiddlesex

Teaching staffStaff Name Title Room Ext* Email

Paul Walker

Programme Leader, Module Leader ECS1310

W225 5332 [email protected]

Ricardo Gottschalk

Module Leader ECS1320 W225 6503 [email protected]

.uk

Sylvia Gottschalk

Module Leader ECS1370, ECS2230

W223 4348 [email protected]

Androulla Michaeloudis

Module Leader STX1120 W224 6432 A.Michaeloudis@mdx.

ac.ukIoannis Bournakis

Module Leader ECS2212 W215 5349 [email protected].

ukChunxia Jiang

Module Leader ECS2290 W225 5874 [email protected]

Ikram Djiar Module Leader ECS2310 TBC TBC [email protected]

Student Learning Assistants (SLAs)You also have access to the Economics & International Development SLAs who are experienced, highly motivated and capable second and third year students who have ‘been there’ and know the typical academic problems you may face as a new student. You will not be taught by an SLA but they will work with your lecturers to support you both in the classroom and outside and in small groups or one to one













https://myunihub.mdx.ac.uk/web/home-community/mymiddlesex


sessions. You can find out who your SLAs are on UniHub: http://unihub.mdx.ac.uk/study/ldu/SLA

Student website – UniHub

One of your primary sources of information is the student website UniHub; http://unihub.mdx.ac.uk which can be accessed on and off campus .The site has the latest news and events from around the University, plus a lot of useful information about your support services as well as all the important regulations and policies you should be aware of. This website is your first port of call for all general Middlesex information although some of the important items are included in this handbook.

The site also has a password protected section myUniHub (accessed from the UniHub home page). Here you can view personalised inform-ation on your studies such as your timetable, grades, programme in-formation and coursework as well as undertake most administrative tasks such as enrolling and updating your contact details.

Login details for myUniHubYour login details to access the personalised areas of UniHub are:

Username: Your IT User ID – this is the 5 digit code found on the reverse of your student card in the format aannn (where ‘aa’ are your initials and ‘nnn’ is a system generated number).

Initial password: Your 9 digit student number (including the ‘M’) and the first three characters of your birth month e.g. M12345678nov. When you first log in you will be prompted to change your password to something more memorable (you should have already done this).

You can find both your IT User ID and your student number on your student card.

If you have any problems accessing myUniHub please contact UniHelp: http://unihub.mdx.ac.uk/unihelp




http://unihub.mdx.ac.uk/study/ldu/SLA

UniHelp - General advice and supportComplementing UniHub is UniHelp which offers face-to-face, email and telephone information and advice seven days a week. The UniHelp desk is located on the Ground Floor of the Sheppard Library but you can also contact UniHelp by email, phone or online. Phone: +44 208 411 6060Email: [email protected]: http://unihub.mdx.ac.uk/unihelp

For more information see page 42.

Email

As an enrolled student you have your own university email address. Lecturers, the UniHelp advisors, the library and other areas of administration will use this e-mail address to contact you so it is critical that you check your account regularly (at least twice a week).

Your email address is your IT User ID and is in the form [email protected] where (‘aa’ are your initials and ‘nnn’ is a system generated number). Your IT user ID is found on the reverse of your student ID card.

You can access your email by logging into UniHub and going to the My Middlesex page; https://myunihub.mdx.ac.uk Quick guides on using your account are available on UniHub; http://unihub.mdx.ac.uk/support

In case of any problems with your email please contact UniHelp: http://unihub.mdx.ac.uk/unihelp by phone (+44 208 411 6060) or in person at the Sheppard Library.

Text messages

We may also send you text messages with important and urgent in-formation so please ensure that you provide us with an up-to-date mo-



http://unihub.mdx.ac.uk/support/index.aspx




bile phone number when you first enrol and inform us when it changes (see below for how).

Your contact and personal details

It is very important that you keep us informed of any changes to your personal contact details and of your emergency contact at all times. You can view and change what we currently have recorded for you on the Admin and Finances page of myUniHub; https://myunihub.mdx.ac.uk/web/home-community/myadminandfinances

Please note that you cannot change your name online. This has to be done in person at the UniHelp desk in the Sheppard Library with official supporting documentation (marriage certificate, passport etc).

Giving your feedback – suggestions and complaints

From time to time you will be asked for your feedback on your programme, modules and the University. This feedback is important to us and we aim to let you know what has happened as a result. One way we do this is through the university publication You Said We Did which can be read on the Student Feedback pages on UniHub: http://unihub.mdx.ac.uk/mdx/feedback.

We welcome your suggestions on how we might improve even when this takes the form of a complaint. If you have a suggestion or a complaint about any aspect of university life please raise it with the person concerned in the first instance. If you are not satisfied with the outcome you can progress the matter through the management structure of the University. Full details of how to do this are available on the student feedback pages of UniHub: http://unihub.mdx.ac.uk/mdx/feedback


http://unihub.mdx.ac.uk/mdx/feedback

http://unihub.mdx.ac.uk/mdx/feedback

https://myunihub.mdx.ac.uk/web/home-community/myadminandfinances


Data Protection and Privacy

The information that you provide at enrolment is held on a computerised database and maintained in accordance with the Data Protection Act. We ensure that the data is held securely and not disclosed to third parties without your consent, unless we are obliged to do so by law (for example the annual student record that we submit to the Higher Education Statistics Agency).

To ensure security, continuity and privacy, the University discourages the use of private accounts for University business. You should ensure that the personal information about you is accurate and up to date but you are not required to publicise this private information to other students or individual members of staff.


YOUR PROGRAMME

Accessing your timetable

The timetable is finalised over the summer but once this is done you can access your personal timetable from myUniHub; https://myuni-hub.mdx.ac.uk/web/home-community/mystudy (you can also search the whole university timetable here too). You are allocated to timetabled lectures, labs, seminars, workshops etc based on your mod-ule registrations.

If your timetable is incomplete or you are unable to view it then please contact UniHelp: http://unihub.mdx.ac.uk/unihelp by phone (+44 208 411 6060), in person at the Sheppard Library or by email ([email protected]).

Bridging materials – ‘Getting started’ and ‘My Programme’

Prior to starting at Middlesex you would have received access to the ‘Getting started’ and ‘My Programme’ bridging materials on your Getting Started page of UniHub. We hope you have found these useful but if you haven’t had a chance to read them then you should do this as soon as possible.

After the start of term your Getting Started page will no longer appear in UniHub however you can still access the bridging materials via the My Study page on myUniHub; https://myunihub.mdx.ac.uk/web/home-community/mystudy


https://myunihub.mdx.ac.uk/web/home-community/mystudy






Programme structure diagram

Year 1

Year 2

Year 3

Options:ECS3350 International FinanceECS3355 Financial EconomicsHRM3117 Developing Effective Management and LeadershipMGT3193 Business Start Up

NotesStudents can opt for an exchange abroad during Year 2Students can opt for a placement during Year 3


ECS1310Economics

Practice and Policy 1

ECS1320Macroecono

mics and Political

Economy

STX1120Quantitative Methods for

Financial Business

ECS1370Economic

Foundations and

Behaviour

ECS2212Macroecono

mics Environment and Policy

ECS2310Economic

Practice and Policy 2

ECS2230Intermediate Microeconom

ics

ECS2290Trade and

International Business

ECS3310Public and Regulatory Economics

OptionECS3855Applied

Econometrics

ECS3450Business

Economics

Your first year

The modules you will study

You can find a list of the modules you are currently registered for within the My Learning area on the My Study page of myUniHub; https://my-unihub.mdx.ac.uk/web/home-community/mystudy.

When you click on any of the modules you will be able to access associated learning materials (e.g. lecture notes), information on the learning aims and outcomes and assessment methods as well the schedule for assessment which will include deadlines for the submission of your assessment.

Announcements for any of your modules will also appear in My Learning on myUniHub so you should log in and check each module regularly.

How you will be taughtThe learning, teaching and assessment approaches used throughout your programme will encourage you to be actively involved in your learning and to co-operate with other students. We aim to give you prompt feedback on your learning as well as opportunities to reflect upon and learn from that feedback.

You will be actively involved in a range of learning, teaching and assessment approaches as part of your programme. Such active approaches aim to put you at the centre of your learning so you are involved and engaged in all aspects of your assessment and learning. Your programme will require your active participation in learning activities and engagement with your fellow students both individually and collaboratively, working and learning with other students as part of a small group. Learning activities may also occur both within and outside the classroom.




Your learning will also be supported by technology. Increasingly your tutors will be using existing and emerging learning technologies to engage you in e-learning activities. Your programme will be facilitated using a variety of media and online tools (My Learning on UniHub, podcasts, wikis, etc) which will allow you flexible access to a diverse range of online resources, quizzes and learning materials as well as collaborative tools with which you can engage and learn with your peers. Not confined by the time and space associated with traditional teaching methods you may take part in online discussions and learning activities from wherever you are studying.

Your tutors and the Web Helpdesk will provide any support you may need whilst learning online.

By engaging with e- learning you will also be developing skills which are essential for your learning and are also highly valued by employers. These include but are not limited to: working flexibly, communication, understanding of IT, team working and creating shared understandings based on quality resources and access to global expertise.

Library A series of Library Subject Guides (http://libguides.mdx.ac.uk) have been designed to assist students. Each one supports an individual subject area and includes links to useful resources such as key websites and blogs as well as general help with studying and researching topics for assessment.

You can get also specialist support from your Liaison Librarian (see Key Contacts at the start of this handbook) who provides information and research skills workshops relevant to Business Economics. The subject librarian works closely with your lecturers to ensure the resources and support that you need is available. You can contact your librarian if you require individual support or if you would like to suggest a book/DVD etc for the library.

Please refer to UniHub for full information about the library and learning resources available to you: http://unihub.mdx.ac.uk/study/library


http://unihub.mdx.ac.uk/study/library/index.aspx

http://libguides.mdx.ac.uk/

Learner Development UnitThe Learner Development Unit (LDU) is a team of specialists in academic writing and English language development, numeracy and dyslexia support. You will see us at different times throughout your academic career.

If necessary, we can provide you with an individual programme of support, which could involve intensive courses, self-study materials and close monitoring of your progress.Help with maths is available from our ‘Maths, Stats & Numeracy Support’ team, in the form of embedded, small group, online and individual provision.

Often we will be in your School working alongside your subject lecturers to help you understand what’s expected of you on your programme. We are likely to work with you in this way on the writing process, preparing for presentations, making the most of feedback, etc.

How and when you will be assessed Assessment is an integral part of learning and you may hear it referred to as formative or summative. Formative assessment is primarily developmental in nature and is designed to give you feedback on your performance and how it can be improved. As a result you will get detailed feedback but will not receive a grade for formative assessment. Formative assessment is an important part of the learning process, and has been shown to contribute to enhancement of learning and raising of standards.

Summative assessment is designed to measure the extent to which you have achieved the intended learning outcomes of a module and therefore the appropriate grade to be awarded. Summative assessment should assess achievement of all learning outcomes in a secure, fair and accurate manner and on this programme will mainly comprise any of the following: unseen end of year examinations, in-class tests, essays, presentations and on-line tests.


Please see the module narratives (appendix b) or your module handbooks for more information on the assessment for each module.

Assessment may also involve self, peer or group approaches. For example, you may be asked to self-assess your own work, indicating where you feel you have clearly demonstrated your understanding and also identifying areas where can see you have room to improve. Assessment may also be a peer process where students, individually or as groups, offer feedback on one another’s work. Group assessment may also be part of your programme where part of the assessment requires you to demonstrate your ability to work as part of a group and possibly receive a group mark.

IMPORTANT: Please note that assessment deadlines do occasionally change and while every effort has been made to ensure this is correct at the time of publishing you should check your email and ‘My Learning’ on UniHub so you are aware of any changes.

For more information about assessment, including how to submit please refer to page 30.

Programme planning

During your second year you undergo programme planning and select and register for the optional module you wish to take in your third year.

Attendance requirements

You should attend all scheduled classes and prescribed activities to be eligible for formal assessment. Where your attendance fails to meet the minimum required to meet the learning outcomes of the module (as published) you may be excluded from the assessment and be graded X in the module. The definition of the X grade is “Fail – incomplete without good reason: may not be reassessed”. It is your responsibility to ensure that your attendance fulfils the published attendance requirements.


The X grade is applied if you fail to participate in the learning processes of a module for which you are registered. It is not a “punishment” for poor attendance but recognition that you have not been able to prepare yourself for assessment in the content of the module. It is also given when you drop a module without formally removing it from your registered programme of study.

If you receive an X grade you may have the opportunity of taking the whole module again with permission from the Programme Leader, without grade penalty, though you will have to pay the module registration fee. You may only do this at Summer School (if available) or at the end of your programme.

For further guidance on attendance requirements, refer to the section on attendance which is available on UniHub; http://unihub.mdx.ac.uk/study/attend.

The full regulations regarding attendance are in Section C of the University Regulations: http://www.mdx.ac.uk/regulations

Health and Safety requirements

Information and advice regarding health, safety and welfare is available on Your Support Services page on UniHub http://unihub.mdx.ac.uk. Here you will find useful information on:

Health related issues such as registering with a doctor, dentist or optician. A summary of key infectious disease and a range of health matters such as minor illnesses, alcohol, drugs and travel.

Health and safety issues such as the University’s Health and Safety policy, first aid arrangements, fire procedures, accident reporting procedures and how to raise concerns. Also, several other key health and safety related policies such Alcohol and Substance Misuse and No Smoking.

Personal safety related issues such as reporting and dealing with crime. These are supported by useful numbers to contact



http://www.mdx.ac.uk/regulations

http://unihub.mdx.ac.uk/study/attend

while on campus or in halls.

You are strongly advised to register with a local doctor on enrolment if you have moved away from home. More detailed guidance on the above will be brought to your attention at the start of your studies.

Personal Evacuation PlansIf you have specific long or short-term disabilities, it may be that you will require a specific plan to be agreed and in place so that you can evacuate, or be evacuated from University buildings safely during an emergency. If you think you need to discuss an evacuation plan, please contact the UniHelp desk in the Sheppard Library in the first instance. Otherwise, if you are registered as disabled, you should independently be contacted by the School safety representative early in the new term to agree an emergency plan.

Reviewing your progress

There are a number of activities built into the first year of your Univer-sity experience to enable you to focus upon and understand your own learning and development and help you to progress to the second year and achieve good results.

Before starting at Middlesex you will have discovered more about your programme through accessing the bridging materials ‘My Middlesex’ and ‘My Programme’ and you may still be using these as they are de-signed to assist your transition to University beyond the first few days. Induction activities would have also provided an initial introduction to study skills, personal development planning, academic standards and student expectations, along with the opportunity to get to know your fel-low students and the programme team.

During week 4 you will participate in an activity we call ‘Progress Re-view’ This focuses on your initial few weeks at Middlesex and is an opportunity for all BSc Business Economics students to share these


experiences and raise any questions or issues with the programme team. By week 9 you will have settled into your programme of study and re-ceived some assessment feedback. At this point you will have a ‘Pro-gramme Progress Review’ which will be a one-to-one discussion with a member of the programme team, to talk about your progress and achievement to date, academic progress and future aims.

A further opportunity for such a one-to-one discussion will be provided around week 18 when you will review your progression and achieve-ment to date and identify and plan to meet any specific needs and en-able fulfilment of your future aims.

Feeding back on your programme

Boards of Study and student representativesEach programme (or group of programmes) has a Board of Study the purpose of which is to provide a forum for discussion between your student representatives and the staff involved in all aspects of the BSc Business Economics programme. The membership for all Boards of Study includes:

Student representatives (see below for more information about being a student rep)

Director of Programme/ Head of Department (Chair) Programme leader and other academic staff involved in the

delivery of the programme/modules Support services representatives

Your student representative is responsible for notifying the Board of issues which have been brought to them by you. Minutes are made of the discussions and decisions of each meeting and these are circulated to members. The minutes are also considered by the School during an annual review period. You can read the minutes of your Board of Study meeting online.

Boards of Study meeting dates 2012/13


Boards of study will be held in November and in March – dates to be confirmed.

Student representatives are elected (normally by the end of week 2) to ensure that the interests of students on the programme are adequately represented (they normally represent a year group of a particular programme) and to feedback to those students the outcomes of any meeting they attend.

You can find out who your representative is on the Middlesex University Students’ Union (MUSU) website: http://www.musu.mdx.ac.uk/student_representation

Student representatives attend Board of Study meetings but also student rep focus groups run by MUSU. The focus groups are run by the MUSU Vice President, Academic and give an opportunity for student reps to bring any issues to MUSU. In addition reps are encouraged to attend the MUSU Student Representative Council and AGM whereby you get to participate in the decision and policy making of the Union.

Being a student rep can be immensely rewarding as much of the experience you gain can be linked to your personal development and employability. The graduate market is very competitive and prospective employers are looking for people who stand out and can demonstrate, with real examples, skills listed in CVs. As a student rep you would get to put such skills into action, such as communication, leadership, teamwork, problem solving, time management etc.

More information, including student rep training dates, is available on the MUSU website: http://www.musu.mdx.ac.uk/student_representation

Middlesex Programme Feedback SurveyThe Programme Feedback Survey takes place towards the end of the academic year and is an online anonymous survey. The aim of the survey is to give you the opportunity to give your views on the quality of your programme and your satisfaction overall. You are asked to say


http://www.musu.mdx.ac.uk/student_representation

http://www.musu.mdx.ac.uk/student_representation

how much you agree (strongly agree to strongly disagree) with 23 different statements in each of the following areas:

• Teaching on my course – questions about your lecturers• Assessment and feedback – how prompt, useful and

clear?• Academic support – advice, support and contact with

academic and non academic staff• Organisation and management – communication and

organisation of your course• Learning resources – Library, IT and specialised

facilities• Personal development – confidence and

communication skills• Overall satisfaction• Students’ Union

It is important that you complete this survey as it helps us to identify what you think is going well and what we need to address to continue to improve the student experience for you and future students at Middlesex.

Results of the survey are available by the start of the new academic year and each programme or department is expected to produce an action plan to say how they intend to resolve any problems and share any good practice. This action plan will be discussed during Board of Study meetings with student representatives.

Employability

Middlesex is committed to supporting you in enhancing your employability and helping you to develop professionalism in your field of choice as employers constantly tell us that they are looking for polished graduates who not only have a good degree but who also have the right skills, attributes and values to support their knowledge.

The Confederation of British Industry (CBI) defines employability as 'a set of attributes, skills and knowledge that all labour market


participants should possess to ensure they have the capability of being effective in the workplace, to the benefit of themselves, their employer and the wider economy’.

Employability and your programmeThe development of employability skills – for example, team work, self-management, business and customer awareness, communication, literacy and numeracy – are all integral parts of BSc Business Economics although this may not always be evident to you as they will not always be presented as such.

Your employability cannot be ensured without your engaging with and understanding the importance of it. Once you take ownership of this, the University can support your development in a variety of proven and relevant ways both within your curriculum, outside of your curriculum and outside of the University, by helping you to make sense of your experiences and understand how to articulate your learning and development.

Personal Development Planning (PDP)PDP will provide you with an opportunity to assess the value of the skills and knowledge you are developing and identify your future learning and development needs. It offers a structured way to reflect on what you are good at and what you need to develop further. You will learn to review your own skill levels and what you have learned from different situations and environments, including your studies, part time work, voluntary work and other activities. You will record your reflections and use them to help you think about and plan your future development.

This is an important part of your personal development and reflects the working environment where employers encourage new graduates to assess their own continuous professional development (CPD) using a portfolio. You can also use your record of PDP as a valuable aid for marketing your skills to employers in recruitment and selection processes.

Employability support around the University


In addition to the employability skills embedded in your programme there are various areas across the University which can aid with the development of your skills. These include the Employability and Careers Centre, where you can get one-to-one support and advice; MUSU, where you can join and run societies; the LDU, who can assist with literacy and numeracy; or you can gain work experience as a Student Ambassador, Student Learning Advisor (SLA), Student Representative or through an internship. In addition to these, the University provides a range of extra-curricular activities which can help develop your employability. These include:

Student exchange Mentoring Workshops Employer presentations Careers fairs

Exchanges

From taking an exchange year your studies will benefit from the added perspective that you will gain through studying abroad and you will acquire skills and qualities instantly recognisable to an employer.

At Middlesex you have the opportunity to study abroad with one of our partner universities as part of your degree. We have over 100 partner universities in Europe, 15 in the US and another 15 across the rest of the world. As we receive students from our partners in place of Middlesex students there are no extra fees to pay.

Exchanges take place during the second year of your degree programme and replace what you would normally study, in other words you do not do an additional year. As such the credit you gain while abroad will be incorporated into your Middlesex degree and in the case of European, American and Australian exchanges your actual grades will be converted to Middlesex grades and appear on your Diploma Supplement.

If you are interested in participating in an exchange year you can find further information on UniHub: http://unihub.mdx.ac.uk/exchange or


http://unihub.mdx.ac.uk/exchange

join the Facebook group: http://www.facebook.com/pages/Middlesex-University-Exchange-Students/7708124197

Before applying you should talk to Paul Walker, your programme leader, to discuss your exchange in more detail.

Internships and placementsWork experience is one of the most valuable assets you can have in planning a successful career and you are encouraged to gain a placement or internship if you can. Work placements are supported across the University by the Employability and Careers Centre.

Most students will undertake a placement at the end of their second year and therefore more detailed information will be made available to you later on. However if you want to know more now please see the information on UniHub: http://unihub.mdx.ac.uk/work

Employability and Careers Centre The Employability & Careers Centre is your space; it’s a place to come and find out more about your future career options. The Centre is here to help you plan a route into employment and to help you to gain work experience while you’re studying. It provides support and guidance to help you recognise and value the skills you have and are continually developing from current and past experiences.

You will hear about employability through your programme but be pro-active in preparing for your future: We have Careers Advisers and placement staff who are specialists in their fields. You can contact the team, book appointments and access our extensive online resources by visiting us in CG08, just off the Quad, on 020 8411 4923, and at http://unihub.mdx.ac.uk/work

Assuring the quality of your programme

To ensure the high standards and quality of Middlesex University provi-sion all programmes are subject to the University’s academic quality assurance procedures (which include those procedures related to pro-gramme approval, monitoring and review).


http://unihub.mdx.ac.uk/work

http://unihub.mdx.ac.uk/work/placements/index.aspx

http://www.facebook.com/pages/Middlesex-University-Exchange-Students/7708124197

http://www.facebook.com/pages/Middlesex-University-Exchange-Students/7708124197

External ExaminersA key feature of these quality processes is the input from external sub-ject experts (external examiners) who ensure that Middlesex awards are comparable to those of other UK higher education institutions, and that the programme curriculum, teaching, assessment and resources are appropriate.

You can read more about the role of External Examiners on UniHub: http://unihub.mdx.ac.uk/study/academicquality/externalexaminers/


http://unihub.mdx.ac.uk/study/academicquality/externalexaminers/

LEARNING & TEACHING AND ASSESSMENTThe learning, teaching and assessment approaches used throughout your programme will encourage you to be actively involved in your learning and to co-operate with other students. We aim to give you prompt feedback on your learning as well as opportunities to reflect upon and learn from that feedback.

Learning and teaching methods

You will be actively involved in a range of learning, teaching and assessment approaches as part of BSc Business Economics. Such active approaches aim to put you at the centre of your learning so you are involved and engaged in all aspects of your assessment and learning. Your programme will require your active participation in learning activities and engagement with your fellow students both individually and collaboratively, working and learning with other students as part of a small group. Learning activities may also occur both within and outside the classroom.

Your learning will also be supported by technology. Increasingly your tutors will be using existing and emerging learning technologies to engage you in e-learning activities. Your programme will be facilitated using a variety of media and online tools (My Learning on UniHub, podcasts, wikis, etc) which will allow you flexible access to a diverse range of online resources, quizzes and learning materials as well as collaborative tools with which you can engage and learn with your peers. Not confined by the time and space associated with traditional teaching methods you may take part in online discussions and learning activities from wherever you are studying.

Your tutors and UniHelp advisors will provide any support you may need whilst learning online.

By engaging with e- learning you will also be developing skills which are essential for your learning and are also highly valued by employers. These include but are not limited to: working flexibly,


communication, understanding of IT, team working and creating shared understandings based on quality resources and access to global expertise.

Assessment methods

Assessment is an integral part of learning and you may hear it referred to as formative or summative.

Formative assessment is developmental in nature and designed to give you feedback on your performance and how it can be improved. As a result you will get detailed feedback on formative assessment but not a grade. Formative assessment is an important part of the learning process and has been shown to contribute to enhancement of learning and the raising of standards.

Summative assessment is designed to measure the extent to which you have achieved the intended learning outcomes of a module and therefore the appropriate grade to be awarded. Summative assessment should assess achievement of all learning outcomes in a secure, fair and accurate manner and on BSc Business Economics this will mainly comprise of coursework, in-class tests and examinations.

Assessment may also involve self, peer or group approaches. For example, you may be asked to self-assess your own work, indicating where you feel you have clearly demonstrated your understanding and also identifying areas where can see you have room to improve. Assessment may also be a peer process where students, individually or as groups, offer feedback on one another’s work. Group assessment may also be part of your programme where part of the assessment requires you to demonstrate your ability to work as part of a group and possibly receive a group mark.

Please see the module narratives at the end of this book or your module handbooks for more information on the assessment for

each module.


Submission, receipt, marking and return of assessment

Submission and receipt of assessmentYou will find all the deadlines for your first year assessment (both formative and summative) in your assessment schedule.Instructions on how to submit your assessment is given in the each module handbook but this will either be electronically via myUniHub or in person at the UniHelp desk in the Sheppard Library.

Your module handbooks have the precise details of when and how to submit your coursework and how you get a receipt confirming you have submitted it. Please refer to these and contact the module leader if you have any queries.

Exams Information about exams, including the timetable and advice on preparing and revising is available on UniHub; http://unihub.mdx.ac.uk/study/exams

Past exam papers, if available, can be accessed via the My Study area of UniHub: https://myunihub.mdx.ac.uk/web/home-community/mystudy

If you are concerned about your exams then please contact the module leader.

Marking, second marking and moderationAll Year 1 assessments will be internally moderated to ensure consistency and fairness of marking. For Year 2 and Final Year assessments all the work will be internally moderated. In addition, at least, a sample will be internally second marked and then sent to an External Examiner. The sample will include all fails and first class results plus a sample of results in between. The sample will comprise all the components of assessment for each student included in the sample.



http://unihub.mdx.ac.uk/study/exams

Return of courseworkYou are expected to keep a copy of all your coursework which should be kept somewhere safe (for example on a memory stick). As the marked copy of your work is not normally returned to you it is important you keep a copy so you can understand the feedback you get properly.

Exam scripts are not returned to any student however you can obtain feedback on exam performance by contacting the module leader.

Assessment Feedback

Feedback on your assessment (both formative and summative) provides the opportunity for you to reflect and to use the feedback as the basis for learning and to improve your work.

Feedback can take many forms and may be informal. For example it may be given and discussed orally in the classroom, or it may be more formal and delivered in written or audio form from academic staff or fellow students. Understanding your feedback is very important and to achieve this you are encouraged to discuss feedback with your peers and academic staff.

Receiving feedback on your work is an essential and important part of learning and therefore all programmes provide regular opportunities for formative assessment the purpose of which is to get detailed feedback on your performance so you get a regular update on how you are developing and to prepare you for any summative assessment.

Feedback on summative assessment will be offered in a variety of forms and all your work will be marked and moderated in line with the Code of Assessment Practice which can be found in section M of the University Regulations: http://www.mdx.ac.uk/regulations

You will normally be provided with feedback within 15 working days of the published submission date.



Progressing on your programme

Academic Levels Each module that you take will have one of the academic levels below assigned to it:

Academic level Description3 Foundation level4 Certificate level (e.g. Cert HE)5 Intermediate level (e.g. FdA or Dip HE)6 Honours level (e.g. BA, BSc)7 Masters level (e.g. MA, MSc)

Academic levels reflect how complex and demanding the learning will be as well as the depth of study and how independent you are expected to be as a learner. The University module level descriptors describe the characteristics of each academic level at Middlesex and can be found in section M of the University Regulations; http://www.mdx.ac.uk/regulations.

It is suggested that you read these to get an idea of how each academic level is different and to some extent what will be expected of you.

Your gradesYour module handbooks will give information on how the marks for different items of summative assessment are combined to give your final grade.

The University has a 1-20 grading scale, with grade 1 being the highest grade and 20 the lowest, 16 is the minimum required to achieve a pass. The chart below illustrates how the grading scale equates to the level of classification:

Grade Class of Honours Degree



1 - 4 First5 - 8 Upper second (2:1)9-12 Lower second (2:2)

13-16 Third

17 Fail – marginalCompensation allowed

18 FailCompensation allowed

19 FailCompensation not allowed

20Fail - Incorporating failure to participate in assessment necessary to achieve all learning outcomes. Compensation not allowed

Further administrative grades are also used to indicate re-assessment, deferral, academic misconduct etc. The full scale can be found in the Assessment Regulations section in the Your Study area of UniHub; http://unihub.mdx.ac.uk/study/assess/results

Grade criteriaWhen assigning grades the 20 point grading scale is used in conjunction with the University grade criteria guide as well as the module descriptors mentioned earlier. Grade criteria describes what standards and competencies you must achieve for each grade and can be found in section M of the Regulations: http://www.mdx.ac.uk/regulations

If you have any questions about what your grades or status mean then you should look at the Assessment and Regulations pages on UniHub http://unihub.mdx.ac.uk/study/assess first and then talk to your Student Achievement Officer.

Re-assessment Although no one anticipates failing a module, it is important that you are aware of what happens if you do. Normally you would be entitled to one re-assessment opportunity if you don’t pass and there is no financial cost associated with this second attempt. You should however consult the Your Study area on UniHub for more information


http://unihub.mdx.ac.uk/study/assess/


http://unihub.mdx.ac.uk/study/assess/results

http://unihub.mdx.ac.uk/study/assess/progression or contact Paul Walker, [email protected] if you have any questions.

Deferral of assessmentIf there are exceptional circumstances which through no fault of your own are preventing you from completing all or some of your assessment (e.g. submitting coursework or taking an exam) you may seek permission to defer the relevant assessment to the next available opportunity. If you think this applies to you then you should first read the full Deferral Policy which is available in the Assessment and Regulations section of the Your Study area on UniHub: http://unihub.mdx.ac.uk/study/assess/Deferral.

Deferral requests should be submitted to your assessment officers, Sue Martin ([email protected]) or Catherine Riley ([email protected]) by completing the relevant form and attaching supporting documentation, e.g. medical certificates. The final deadline for deferral applications is 2 weeks after the end of the exam period (the dates of which are in the academic calendar at the start of this handbook). The deferral form is available from the Admin and Finances section of myUniHub: https://myunihub.mdx.ac.uk/web/home-community/myadminandfinances.

If you have any questions about deferrals please Sue Martin or Catherine Riley – contact details as above.

If you have difficulties accessing resources after deferral (e.g. accessing the University network and UniHub) then contact UniHelp: http://unihub.mdx.ac.uk/unihelp by phone (+44 208 411 6060), in person at the Sheppard Library or by email ([email protected]).

Extenuating CircumstancesIf you do not wish to defer your assessment, but are concerned that exceptional personal circumstances (e.g. ill health) might affect your performance in assessment, you can submit a claim for extenuating circumstances. Your circumstances will be kept confidential but will be summarised by the School’s Assessment Officer and brought to the







http://unihub.mdx.ac.uk/study/assess/Deferral


http://unihub.mdx.ac.uk/study/assess/progression

attention of the appropriate Assessment Board. If you think this applies to you then you should read first read the information in the Assessment and Regulations section of the Your Study area on UniHub: http://unihub.mdx.ac.uk/study/assess/extenuating

It is important to note that extenuating circumstances are only considered when determining the progression or final classification of borderline students. They cannot be used to change the grade of a module.

Claims for extenuating circumstances should be submitted to your Assessment Officers, Sue Martin ([email protected] ) or Catherine Riley ([email protected]) by completing the relevant form and attaching supporting documentation, e.g. medical certificates. The final deadline for submission of extenuating circumstances forms with supporting documentation is the last date of the examination period. The extenuating circumstances form is available from the Admin and Finances section of myUniHub: https://myunihub.mdx.ac.uk/web/home-community/myadminandfinances

If you have any questions about extenuating circumstances please contact Sue Martin or Catherine Riley – contact details as above.

Results At the end of each academic year your module grades will be considered and confirmed by an Assessment Board and if you have successfully completed all your assessment you will be able to progress to the next year or graduate. Once the Assessment Board has met you will be able to view your results and progression status in the My Study area on myUniHub; https://myunihub.mdx.ac.uk/web/home-community/mystudy. If any results are still provisional then they will be clearly labelled as such.

The date for the release of results and progression decisions is on the Academic Calendar which can be found at the start of this handbook or at http://unihub.mdx.ac.uk/mdx/calendar/index.aspx.


http://unihub.mdx.ac.uk/mdx/calendar/index.aspx






http://unihub.mdx.ac.uk/study/assess/extenuating

CertificatesWhen you graduate your final qualification certificate will be issued by the University and contain details of your qualification. Your certificate will be sent to you within 4 months of the date the qualification is awarded (usually the relevant Assessment Board date) and therefore it is very important that you keep your address details up to date if they change at any point. You can do this via the Admin and Finance section on myUniHub: https://myunihub.mdx.ac.uk/web/home-community/myadminandfinances

Full details of the information which will appear on your certificate are set out in the Middlesex Regulations, section E13.5: http://www.mdx.ac.uk/regulations

Diploma supplementAll students are issued with a diploma supplement which is a supplement to your qualification certificate. This will include the modules you have taken, grades achieved and state your qualification with the classification and title but additionally it will also contain information on the nature, level, context, content and status of your studies undertaken and successfully completed. Diploma supplements are intended to help external parties such as employers or other higher education providers understand more about your programme in addition to your grades.

If at any time you need to request a copy of your diploma supplement then you can do so via ‘Letters and Forms’ on the Admin and Finances section of myUniHub: https://myunihub.mdx.ac.uk/web/home-com-munity/myadminandfinances







Academic misconduct

Plagiarism is the presentation by a student of a body of material (written, visual or oral) as his or her own work which is wholly or partly the work of another. Plagiarism also extends to cover your own work previously assessed or published which is also required to be properly referenced. Taking unfair advantage over other authors, students or oneself in this way is considered by the University to be a serious offence.

The University takes serious action against any student who plagiarises whether through negligence, foolishness or deliberate intent. Therefore make sure written material, ideas, theories, formulae etc are acknowledged through the use of quotation marks, references and bibliographies. Information on the correct way of referencing and acknowledging work from other sources is available on the Your Study pages on UniHub; http://unihub.mdx.ac.uk/study/academicpractice

Academic misconduct also covers examinations. You should ensure that you read the exam regulations before attending your exams to ensure you know what is expected of you and what is permitted. These can be found in the Your Study section of UniHub: http://unihub.mdx.ac.uk/study/exams/regs

It is important that you are aware of what constitutes academic misconduct and section F of the University Regulations gives this in full: http://www.mdx.ac.uk/regulations

If you have any questions regarding plagiarism or academic misconduct then please contact your module leader.

Appeals

All students are able to appeal against Assessment Board decisions and the outcome of academic misconduct cases. The regulations for appeals are set out in Section G of the University Regulations: http://www.mdx.ac.uk/regulations.




http://unihub.mdx.ac.uk/study/exams/regs

http://unihub.mdx.ac.uk/study/academicpractice

If you are considering submitting an appeal against an Assessment Board decision then please consult the guidance on UniHub http://unihub.mdx.ac.uk/study/assess/appeals.

You can also contact the student welfare team in MUSU for advice or support: http://www.musu.mdx.ac.uk/swirl_academic


http://www.musu.mdx.ac.uk/swirl_academic

http://unihub.mdx.ac.uk/study/assess/appeals

SUPPORTAlthough you are expected to be independent and to take responsibility for your own academic and personal life, there is still a lot of help available to support you throughout your programme.

Academic Support

Academic staffYour tutors will direct your studies and ensure that you know what work you need to cover in any given module. Seek advice from academic staff either during their office hours or by email or telephone.

Student Achievement Officer SupportIn addition to the support available to you via academic staff and the UniHelp advisors, your Student Achievement Officers, Jas Verdi and Christine Llewellyn are your first point of contact for queries regarding your programme and will either help you to deal with those issues directly or will refer you to who you need to see.

You can get also get valuable guidance on time management, planning your studies, preparing for assessment and tips on revision and exam technique. Additionally Jas Verdi and Christine Llewellyn can help you with the extenuating circumstances and deferral processes (including advising on evidence) although these are ultimately dealt with by the School Assessment Officer (see below).

Contact details: Jas Verdi [email protected] 020 8411 4742Christine Llewellyn [email protected] 020 8411 4658

Assessment Officer Support Assessment is an important aspect to your programme but you may find that at times personal circumstances can impact on your studies. Should you have circumstances which mean you need to defer your assessment you will find valuable guidance on the Your Study pages of




UniHub, but you can also contact your Assessment Officers, Sue Martin or Catherine Riley who will guide you through the process.

Contact details: Sue Martin [email protected] 0208 411 6097Catherine Riley [email protected] 0208 411 2623

Support services around the University

Information on UniHubThere are a number of dedicated support services which are available to you as a student which range from support with your studies to support with various aspects of your personal life. Using UniHub you can find out what is on offer, access any online resources and even book appointments.

Support services http://unihub.mdx.ac.uk/support including:o Counselling, o Financial support, o International student supporto Health and wellbeing o Disability supporto Childcareo Religious needs

Academic support: http://unihub.mdx.ac.uk/study including:o Learner Development Unit,o Library and IT resources,o Work – Employability and Careerso Examso Assessment and regulations o Academic practice o Summer school o Study methods o Module registration


http://unihub.mdx.ac.uk/study

http://unihub.mdx.ac.uk/support



o Attendance and withdrawal

UniHelp UniHelp is your University advice and information service which offers face-to-face, email and telephone support seven days a week.

Email: [email protected]

Phone: +44 208 411 6060

Online: http://unihub.mdx.ac.uk/unihelp You can search the self service knowledge base to find the answers to frequently asked questions. UniHelp online can also often help to resolve your software or system access issues by remotely accessing your computer and guiding you through the process.

In personIf you have any enquiries about any aspect of your life as a student at Middlesex, you can ask at the UniHelp desk situated on the ground floor of the Sheppard Library. UniHelp advisors offer information and support on all aspects of the University including

programme administration student records money and welfare services library IT and information enquiries access to other university services

In fact, you can ask us about anything. If we can’t help you straightaway or you need more detailed advice we’ll arrange for you to see a specialist or direct you to appropriate workshops, drop-in sessions etc. Depending on the time of year there may also be specific staff available at the UniHelp desk for immediate specialist advice.




The UniHelp desk is also the central place for the submission and receipt of printed coursework which is not otherwise submitted electronically.

The UniHelp desk is open all through the year and for seven days a week during term-time.

Middlesex University Students’ Union (MUSU)MUSU provides a number services, activities and projects. These include

financial and resource support for student clubs and societies, welfare and academic advice, referral, representation and

campaigning via SWIRL (Student Welfare & International Resource Lounge),

the student rep scheme, which provides a formal and organised system of feedback on course provision,

an online radio station with shows entirely hosted by student presenters (MUD Radio)

a monthly magazine written and edited by current (sometimes former) Middlesex students (MUD Magazine)

The Union also runs a number of events and activities throughout the year including society, cultural and social event nights, the Freshers’ Fairs during Induction Week, the MUSU Star Awards Ceremony an annual celebration of student volunteering plus many more.

More information about MUSU is available on line at: http://www.musu.mdx.ac.uk


http://www.musu.mdx.ac.uk/

Programme Specification and Curriculum Map for BSc Banking & Finance

1. Programme title BSc Business Economics

2. Awarding institution Middlesex University

3. Teaching institution Middlesex University

4. Programme accredited by

5. Final qualification BSc Hons

6. Academic year 2012/13

7. Language of study English

8. Mode of study Full time

9. Criteria for admission to the programmeFor year one admission, Middlesex University general entry requirements apply, including GCSEs (grade A to C) in maths and English. Applicants whose first language is not English are required to achieve 6.0 in IELTS or an equivalent recognised by Middlesex University.The equivalence of qualifications from outside UK will be determined according to NARIC guidelines.Direct entrants to year 2 and/or year 3 must be approved by the Programme Leader.


10. Aims of the programmeThe programme aims to: provide students with the opportunity to acquire and develop key skills

in business economics; develop an understanding of the theory and application of economics to

business; provide students with appreciation of the range and complexity of the

world of business; facilitate the acquisition and quantitative techniques utilised in econom-

ics and finance; develop a range of core and transferable skills in computer literacy, nu-

meracy, written and oral communication, working in groups and autonomous learning skills;

develop an appreciation of the relationship of business economics and finance with other disciplines;

provide a foundation for further study or professional employment.

11. Programme outcomesA. Knowledge and understandingA. Knowledge and understandingOn completion of this programme the successful student will have knowledge and understanding of :1. the role and significance of eco-

nomics within organisations and in society;

2. microeconomic theory and policy;

3. macroeconomic theory and policy;

Teaching/learning methodsAll modules are taught by way of lectures and seminars/workshops and are supported by module handbooks. Students are required to read the required texts and articles, in their own study time and to prepare for seminars by working on pre-assigned tasks. The seminars provide opportunities for structured and unstructured work in groups, giving guidance about assessment, reinforcing concepts and techniques, and giving feedback.

Assessment Method


4. quantitative and computing methods applicable for eco-nomics and finance;

5. the application of economic the-ory to international trade and business;

6. the application of economic the-ory to business and in a num-ber of chosen economic areas.

Students’ knowledge and understanding is assessed as follows:

Formative assessment is by informal tutor feedback in seminars and workshops and by in-class tests in some modules.

Summative assessment is by unseen examination and written coursework and/or in-class tests.

B. Cognitive (thinking) skillsOn completion of this programme the successful student will be able to:1. analyse and interpret economic

and financial information;2. demonstrate a critical evalu-

ation of economic issues, espe-cially those of relevance for banking and finance;

3. use and research economic/fin-ancial data to support economic arguments and to draw conclu-sions;

4. learn independently and in teams and reflect critically on the extent of their learning.

Teaching/learning methodsStudents learn cognitive skills through preparation of seminar exercises, formative and summative assessment and feedback on assessment; as well as seminar discussions among students and with economics staff.

Assessment MethodStudents’ cognitive skills are assessed by all forma of assessment used in compulsory and optional modules, especially in unseen examinations and in various types of coursework, exercises and in-class tests.

C. Practical skillsOn completion of the programme the successful student will be able to:1. use relevant economic theory

and techniques in relation to business and international trade;

2. apply relevant quantitative tech-

Teaching/learning methodsStudents learn practical skills through attending lectures, reading the required texts and articles, attempting seminar and workshop exercises and preparing for seminars and workshops. The latter involves a variety of activities including tutor led discussions, student led discussions,


niques in relation to business;3. apply core economic theory

and reasoning to business is-sues;

4. calculate and interpret macroe-conomic indicators;

5. use a computer package to analyse and model data;

6. present and discuss economic argument using verbal, graph-ical, mathematical and statist-ical means;

7. abstract and model the essen-tial features of a complex eco-nomic system.

structured and student presentations.

Assessment MethodStudents’ practical skills are assessed as follows:Formative assessment via informal tutor feedback in seminars and class tests. Summative assessment is either by unseen examination, seen examination or by written coursework and/or in-class tests as appropriate to the module.

D. Graduate skillsOn completion of the programme the successful student will be able to:1. manipulate numerical data;2. use communication and inform-

ation technology to acquire, analyse and communicate in-formation;

3. communicate including the abil-ity to present quantitative and qualitative information, together with analysis, arguments and commentary, in a form appro-priate to the intended audience;

4. locate, extract and analyse data from multiple sources, including acknowledgement, and referen-cing of sources;

5. work in groups, and other inter-personal skills, including oral as well as written presentation

Teaching/learning methodsStudents acquire graduate skills through discussion and interaction with lecturers and themselves in seminars/workshops, and by completing written exercises, examinations and coursework.

Assessment MethodStudents’ graduate skills are assessed by coursework and examination, and formatively by seminar/workshop performance


skills;6. have the capacity for independ-

ent and self- managed learning.

12. Programme structure (levels, modules, credits and progression requirements)12. 1 Overall structure of the programme

See page 15

12.2 Levels and modules

Starting in academic year 2010/11 the University is changing the way it references modules to state the level of study in which these are delivered. This is to comply with the national Framework for Higher Education Qualifications. This implementation will be a gradual process whilst records are updated. Therefore the old coding is bracketed below.

Level 4 (1)

COMPULSORY PROGRESSION REQUIREMENTS

Students must take all of the following:ECS1310ECS1320ECS1370STX1120

Students must normally pass all level 1 modules to progress.


Level 5 (2)

COMPULSORY PROGRESSION REQUIREMENTS

Students must take all of the following:ECS2212ECS2230ECS2310ECS2290

Students must normally pass all level 2 modules to progress.

Level 6 (3)COMPULSORY OPTIONAL PROGRESSION

REQUIREMENTSStudents must take all of the following:

ECS3310ECS3450ECS3855

Students must also choose one from the following:ECS3350ECS3355HRM3117MGT3193

Students must pass all level 3 modules to gain an Honours degree.

12.3 Non-compensatable modules (note statement in 12.2 regarding FHEQ levels)N/A

13. A curriculum map relating learning outcomes to modulesSee Curriculum Map attached


14. Information about assessment regulationsMiddlesex University and Business School Assessment Regulations apply to this programme, without exception.

15. Placement opportunities, requirements and support (if applicable)A 12 month placement is offered at the end of year 2. A dedicated Placement Office helps in the search for an appropriate placement and provides students with appropriate guidance and support in preparation for during and after placement. The placement forms the basis for an assessed report based on the organisation. At the start of the placement students are allocated an individual supervisor who provides individual support and advice for the duration of the project. All projects are double marked.

16. Future careers This programme provides an appropriate academic basis for students wishing to pursue a career in Business, Commerce, Finance, Economic Management and Public Administration and has proved a reliable pre requisite for Masters level courses in Economics, Finance, Risk Management and MBAs.

17. Particular support for learning English Language Support Learning Resources including specialised software Programme Handbook and Module Handbooks Induction and orientation programme Access to student counsellors Student e-mail and internet access

18. JACS code (or other relevant coding system)

L100

19. Relevant QAA subject benchmark group(s)

Economics


20. Reference points QAA Guidelines for programme specifications QAA Qualifications Framework Middlesex University Regulations Middlesex University Learning Framework – Programme Design Guid-

ance, 2007 Middlesex University Business School Teaching, Learning and Assess-

ment Strategy Benchmark Statement for Economics

Please note programme specifications provide a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve if s/he takes full advantage of the learning opportunities that are provided. More detailed information about the programme can be found in the student programme handbook and the University Regulations.


Curriculum map for BSc Business Economics

This section shows the highest level at which programme outcomes are to be achieved by all graduates, and maps programme learning outcomes against the modules in which they are assessed.

Programme learning outcomesKnowledge and understanding Practical skills

A1The role and significance of economics within organisations and in society

C1 Use relevant economic theory and techniques in relation to business and international trade

A2 Microeconomic theory and policy C2 Apply relevant quantitative techniques in relation to business

A3 Macroeconomic theory and policy C3 Apply core economic theory and reasoning to business issues

A4quantitative and computing methods applicable for economics and finance

C4 Calculate and interpret macroeconomic indicators

A5 The application of economic theory to international trade and business

C5 Use a computer package to analyse and model data

A6The application of economic theory to business and in a number of chosen economic areas

C6Present and discuss economic argument using verbal, graphical, mathematical and statistical means

BSc Business Economics Programme Handbook 2012/13 Page 51

C7 Abstract and model the essential features of a complex economic system

Cognitive skills Graduate Skills

B1 Analyse and interpret economic information

D1 Manipulate economic and other numerical data

B2Demonstrate a critical evaluation of economic issues, especially those of relevance to business

D2Use communication and information technology in acquiring, analysing and communicating information

B3Learn independently and in teams and reflect critically on the extent of their learning

D3

Communicate including the ability to present quantitative and qualitative information, together with analysis, arguments and commentary, in a form appropriate for the intended audience

B4Locate and use economic data to support economic arguments and to draw conclusions

D4Locate, extract and analyse data from multiple sources, including acknowledgment, and referencing of sources

D5Work in groups, and other interpersonal skills, including oral as well as written presentation skills

D6 Have capacities for independent and self managed learning


Curriculum map

This section shows the highest level at which programme outcomes are to be achieved by all graduates, and maps programme learning outcomes against the modules in which they are assessed.

Programme outcomes

A4 A5 A6 B1 B2 B3 B4 C1 C2 C3 C4 C5 C6 C7 D1 D2 D3 D4 D5 D6

Highest level achieved by all graduates3 3 3 3 3 3 3 3 3 3 2 2 3 3 3 3 3 3 2 3


Module Title Module Code

Programme outcomesA1

A2

A3

A4

A5

A6

B1

B2

B3

B4

C1

C2

C3

C4

C5

C6

C7

D1

D2

D3

D4

D5

D6

Level One core

Economic Practice and Policy 1 ECS1310

Macroeconomics and Political Economy ECS1320

Economic Foundations and Behaviour ECS1370

Quantitative Methods for Financial Business STX1120

Level Two core

Macroeconomic Environment and Policy ECS2212

Economics of the Firm ECS2220

Economic Practice and Policy 2 ECS2310

Trade and International Business ECS2290


Module Title Module Code

Programme outcomesA1

A2

A3

A4

A5

A6

B1

B2

B3

B4

C1

C2

C3

C4

C5

C6

C7

D1

D2

D3

D4

D5

D6

Level Three core

Public and Regulatory Economics ECS3310

Business Economics ECS3450

Applied Econometrics ECS3855

Level Three options

International Finance ECS3350

Financial Economics ECS3355

Economics of Industry ECS3750

Labour Economics ECS3950

Developing Effective Management and Leadership

HRM3117

Business Start Up MGT3193


Module Narratives

In this section you will find details of all the modules associated with your programme so that you can see what is involved in your pro-gramme and make any choices over option modules (if applicable).

The narratives are correct at the time of this handbook went to print, but details change over time (especially reading lists) and therefore you should always refer to the latest version available on the My Study area of myUniHub: https://myunihub.mdx.ac.uk/web/home-community/mystudy

Level OneECS1310 Economic Practice and Policy 1ECS1320 Macroeconomics and Political EconomyECS1370 Economic Foundations and BehaviourSTX1120 Quantitative Methods and Applications for Business

Level TwoECS2212 Macroeconomic Environment and PolicyECS2230 Intermediate MicroeconomicsECS2290 Trade and International BusinessECS2310 Economic Practice and Policy 2

Level ThreeECS3310 Public and RegulatoryECS3450 Business EconomicsECS3855 Applied EconometricsECS3350 International FinanceECS3355 Financial EconomicsHRM3117 Developing Effective Management and LeadershipMGT3193 Business Start Up



Module Code ECS1310Module Title Economic Practice and Policy 1 Level 4 Credit 30 Owning Subject Economics Level Restrictions

Aims This module aims to provide students with: an orientation to their Higher Education career and beyond by giving them the opportunity to develop their learning capability and potential in the context of lifelong and self-managed learning; an understanding of the UK economy and the EU; an understanding of the evolution of the financial system, its current nature and structure; basic finance skills including pricing; knowledge of emerging and current issues of the financial system; preparation of students for further study in the areas of economics, banking and finance.

Learning Outcomes KnowledgeOn completion of this module the successful student will be able to:

1. demonstrate knowledge and understanding on the responsibilities of being a student including unacceptable behaviour such as plagiarism;

2. demonstrate awareness of career prospects and planning (PDP);

3. demonstrate knowledge on the UK economy and the EU; 4. demonstrate a critical understanding of the UK financial system

and basic finance tools; 5. analyse/evaluate emerging issues in the financial system.

SkillsThis module will call for the successful student to:6. demonstrate analytical, numerical and IT skills;7. demonstrate written communication skills;8. demonstrate time management skills.


Syllabus Study skills and plagiarism Effective learning and careers Time management IT and presentation skills European Union and the international economic environment of

the UK Labour market, income distribution and poverty in the UK The nature, structure and functions of the (UK) financial system Current and emerging issues of the UK financial system Deposit-taking institutions Insurance, Pension Funds and introduction to fund

management Bonds and coupons Equity, dividends and interest rates

Learning, Teaching and Assessment Strategy The first term will involve a one hour lecture and a two hour workshop per week with emphasis on using online facilities. The second term will involve a two hour lecture and a one hour seminar per week. In addition, at the start of term 1 a series of optional special workshops will be offered for students requiring additional IT support.

Assessment Scheme Formative assessment Attendance and participation in the seminar and workshop programme will carry a zero weighting in the assessment scheme, but acceptable preparation and participation in seminars/workshops is a requirement to pass this module. A complete lack of attendance may result in an X grade. Seminar/workshop exercises will allow for reflection, self-evaluation and feedback. In addition, the project in term 1 and the in-class test in term 2 provide opportunities for formative assessment and feedback with specified workshops/seminars for this purpose. (Learning outcomes 1 and 2) Summative assessment

1. The first assignment (in term 1) will be a project involving the use of Excel or similar, worth 50% of marks. This will be linked to skills learnt in the workshops and the material covered in the lectures during term 1. (Learning Outcomes 3, 6, 7 and 8)


2. An in-class test at the end of the module is required for semester 2, worth 50% of total marks. This test will cover all the material covered in the lectures and seminars in term 2. (Learning Outcomes 4 and 5).

An overall grade of 16 or better is required to pass the module.

Assessment Weighting Coursework: 100%

Learning Materials Core texts:Eichengreen, B, (2007), The European Economy Since 1945: Coordinated Capitalism and Beyond, Princeton University PressHowells, P, and Bain, K, (2007), Financial Markets and Institutions, 5th Edition, PearsonBuckle, M, and Thompson, J, (2004), The UK Financial System, 4th Edition, Manchester University PressRecommended texts:Sawyer, M, (ed), (2004), The UK Economy, 16th Edition, Oxford University Press, Chapters 1 and 2Hutchinson, TW, (2004), Economics and Economic Policy in Britain, RoutledgeBegg, D, ( 2006), Economics, 9th Edition, chapters 10, 11 and 16Buxton, T, Chapman, P, and Temple, P, (1998), Britain's Economic Performance, 2nd Edition RoutledgeAn alternative US Text: Mishkin, F, (2007), The Economics of Money, Banking and Financial Markets, 8th Edition, Pearson International Edition


Module Code ECS1320

Module Title Macroeconomics and Political Economy

Level 4 Credit 30 Owning Subject Economics Level Restric-tions

Aims This module aims to provide an appreciation of basic macroeconomic analysis as a basis for understanding the operation of a country's eco-nomy, an awareness of the policy options facing the government as well as the macroeconomic effects of economic policy, and a good background to prepare the student for further macroeconomic study at an intermediate level. The module embeds a political economy dimen-sion by bringing to the lectures and seminars real and practical issues facing people and governments around the world. This approach is in-tended to motivate the discussions and help the students develop a critical understanding and capacity to challenge conventional views on how an economy works, as well as standard prescriptions for tackling economic problems.

Learning Outcomes

Knowledge

On completion of this module the successful student will be able to:

1. use macroeconomic reasoning to evaluate government policy in national economies;

2. be conversant with the standard macroeconomic tools of ana-lysis at the introductory level, namely the Keynesian model, IS/LM analysis and supply side policies;

3. demonstrate an understanding of the operation of the real, fin-ancial and labour markets;


4. evaluate critically the pros and cons of alternative macroeco-nomic policy options.

Skills

This module will call for the successful student to:

5. apply the relevant tools of analysis competently when address-ing specific economic issues;

6. analyse and interpret data in order to take an informed eco-nomic decision, both in a professional environment and for per-sonal purposes.

Syllabus

Introduction to macroeconomics National income accounting Macroeconomic models The Keynesian consumption function The demand for and supply of money Monetary and fiscal policy in a closed company Aggregate supply, prices and adjustment to shocks Unemployment, inflation, expectations and credibility Exchange rates and the balance of payments Business cycles

Learning, Teaching and Assessment Strategy

The module will be delivered by means of a series of two-hour lectures linked to one hour weekly seminar sessions. Lectures will be interact-ive, with the lecturer asking questions and drawing on students' own knowledge and background to introduce a new concept or to discuss a specific policy issue. For the seminar sessions, students are required to do exercises prepared specifically for the module.


Assessment Scheme

Assessment consists of two parts:

The formative assessment: it will consist of a number of home-work exercises, which will be given to students just after the lec-ture, to be prepared for the seminar session that follows the lec-ture. Some of the exercises will involve research, and students will be asked to prepare material for oral presentations in class. Students will have access to a range of on-line re-sources to undertake such activities, which are expected to help them develop their drafting and presentation skills.

The summative assessment: it will consist of a first online test (learning outcomes 1 and 2 - around Weeks 5 - 6), a first in-class test (learning outcomes 1, 2 and 3 - around Weeks 10 - 12), a second online test (learning outcomes 1, 2 and 3 - around Weeks 16 - 18) and a final in-class assessment com-prising both multiple choice and essay questions (learning out-comes from 1 to 6 - around Weeks 23 - 24).

Assessment Weighting

Online tests: 10% each; first in-class assessment: 20%; and final as-sessment: 60%

Assessment Weighting Online tests: 10% each; first in-class assessment: 20%; and final as-sessment: 60%.

Learning Materials

Core Text:

Begg, D, Vernasca, G, Fischer, S, and Dornbusch, R, (2011), Econom-ics, 10th Edition, McGraw Hill

Complementary readings:


McDowell, M, Thom, R, Frank, R, and Bernanke, B, (2009), Principles of Economics, 2nd European Edition, McGraw-Hill Higher Education

Sloman, J, and Wride, A, (2009), Economics, 7th Edition, FT Prentice Hall

Case, K, Fair, R, and Oster, S, (2009), Principles of Macroeconomics, 9th Edition, Pearson International Edition

Module Code ECS1370


Module Title Economic Foundations and Behaviour

Level 4

Credit 30

Owning Subject Economics

Level Restrictions

Aims This module aims to provide students with an appreciation of basic microeconomic analysis as a basis for understanding the operation of a market economy, an awareness of the microeconomic effects of economic policy, and a good background in microeconomics to prepare the student for further microeconomic study at an intermediate level. Learning Outcomes Knowledge and SkillsOn completion of this module the successful student will be able to:

1. use microeconomic reasoning to evaluate government policy in market economies;

2. be conversant with the standard microeconomic tools of analysis at the introductory level, namely, supply and demand analysis, indifference curve analysis, optimisation, and game theory;

3. demonstrate an understanding of the operation of the commodity and factor markets, competitive and non-competitive firms, and competitive and non-competitive industries;

4. paraphrase and synthesise background materials from given brief in order to communicate key points in written or spoken form.

Syllabus Introduction to microeconomics The role of markets


Supply and demand analysis Consumer behaviour Firm behaviour Perfect competition and monopoly Monopolistic competition and oligopoly Firm`s demand for capital and labour in short and long runs Income distribution and poverty

Learning, Teaching and Assessment Strategy Lectures and seminars will be used to understand basic microeconomic analysis as a basis for understanding the operation of a market economy and the role of government in a market economy. There will be a weekly 2-hour lecture, and a weekly 1-hour seminar.

Assessment Scheme Assessment consists of two components:Formative assessment (zero weighting in assessment scheme, but acceptable preparation and participation in workshops is a requirement to pass this module). A complete lack of attendance may results in an X grade. Seminar exercises will allow for reflection, self-evaluation and feedback. (Learning Outcome 4)Summative assessment (100% weighting): coursework and in-class tests:

1. Two online tests are required for the coursework component of this module. Each online test will consist of 20-30 multiple choice questions. (Learning Outcomes 1, 2 and 3)

2. Two in-class tests complete the summative assessment of this module. Each in-class test will be of 60 minutes duration and involve answering 25 multiple choice questions and 1 case study. (Learning Outcomes 1, 2, 3, and 4)

Students must attend a minimum of 75% of seminars on this module, which consists of a theoretical and practical seminar. Beyond satisfactory participation in the seminars, students will be graded on performance in two online tests and two in-class tests.Assessment Weighting Coursework: 20% (online tests: 10% each) Tests: 80% (in-class tests: 40% each


Learning Materials Core Text: Case, K, and Fair, R, (2009), Principles of Microeconomics, 9th Edition, Pearson International Edition Alternative US Text:Mishkin, F, (2007), The Economics of Money, Banking and Financial Markets, 8th Edition, Pearson International Edition

Module Code STX1120

Module Title Quantitative Methods for Financial Business


Level 4 Credit 30 Owning Subject Statistics Level Restric-tions

Aims This module gives students a thorough grounding in quantitative meth-ods used for accounting and economics, and in the use of computer packages to analyse business data. It is designed for students with a good mathematical background, and covers both the completion of mathematical calculations by hand and using a computer, and the in-terpretation and communication of quantitative results.

Learning Outcomes

Knowledge


1. use appropriate statistical techniques to summarise and inter-pret numerical data;

2. calculate values of functions, index numbers, present and future values, annuities and evaluate projects (NPV) by hand and us-ing Excel;

3. use computer packages to analyse and graphically present nu-merical and categorical data;

4. calculate and interpret index numbers;5. formulate linear programming problems and solve them graph-

ically;6. identify the relationships that may exist between pairs of numer-

ical or categorical variables and techniques for exploring these by hand and using Minitab;

7. calculate discrete probabilities and probabilities for the normal distribution;


8. demonstrate the application of calculus in differentiating func-tions and solving problems in economics;

9. interpret and communicate statistical information in a clearly and well presented written report, using a word-processing package;

10. understand and appreciate the importance of attending sem-inars and computer lab sessions in successfully completing the module;

11. work individually;12. work as a member of a small team and appreciate the import-

ance of attendance, co-operation, contribution and responsibil-ity in completing a small project.

Syllabus

Basic numeracy (fractions, rounding, percentages, powers) Basic algebra (solution of linear and quadratic equations, simul-

taneous equations) Financial mathematics( simple and compound interest, annual

percentage rate, annuities, net present value, internal rate of re-turn)

Index numbers Linear programming Basic differential calculus with application to economics Probability and probability distributions Descriptive statistics: calculation and interpretation of summary

statistics, graphs Correlation, regression and time series. Use of Excel and Minitab


A one-and a half hour lecture each week will introduce the topics covered in the syllabus by explaining the techniques and their underly-ing theory. An exercise comprising several problems issued at each lecture is included in the Module Study Guide. This exercise will form the basis of the follow-up seminars. Detailed solutions to some of the problems of this exercise will be provided during the seminar session.


A one-and a half hour seminar in weeks (as specified by the Teaching Plan) will give students an opportunity to discuss the seminar problems and lecture material. Students are expected to attend their allocated seminar having solved to the best of their ability the problems of the Exercise included in the Module Study Guide.

A 1.5 hour computer lab session in weeks (as specified by the Teach-ing Plan) will involve the use of ICT to complement and expand hand calculation approaches as well as develop both students' understand-ing and skills in using software (Excel and Minitab) to solve problems. Individual help and advice is also available to students through timetabled tutors' office hours.

Assessment Scheme

A formative test after the first reading week enables students to mon-itor their progress.

The summative assessment consists of three elements:

Individual test, 15%: problem-solving using Excel (learning outcomes 1, 2, 4, 10 and 11) An individual test using Excel to apply theory and techniques taught during weeks 1 - 7. This test would be administered in each seminar group sometime after week 7 and before week 12 ( during the first half of the module). The module leader would let the class know the week when this test would take place by e-mail and by announcing this during the lecture. Failure to take the test will lead to failure in this assessed work and failure to achieve the above learning outcomes. If a student fails to take the test, then the student has to straight away make an appointment to see the module leader and provide a good reason with evidence for not undertaking this test.

Group coursework, 15%: dataset analysis using Minitab (Learning Outcomes 1, 3, 6, 9, 10 and 12) A group coursework using Minitab to analyse a dataset related to a real-world business problem involves statistical methods for both numerical and categorical data, and is as-sessed via a written report. Students will be assessed based upon structure, content and presentation of the report, appropriate and cor-


rect use of Minitab, and interpretation of results. This work will include a peer assessment and a logbook of meetings. The report will be sub-mitted not later than week 20. A student may be asked by the module leader to attend a viva test. Failure to do this will lead to failure to com-plete this assessed work.

Examination, 70%: (learning outcomes 1, 2, 4, 5, 6, 7, 8, 10 and 11) A three-hour unseen examination involves the theory and application of techniques taught, and the interpretation of results, and requires the student to answer all ten short questions in Section A (50%) and a choice of two out of four questions in Section B (50%).

In order to pass this module students must get a mark of at least 35% on the coursework element and on the exam, and a mark of at least 40% overall. Note that a student who has an average mark of 35% or more but obtained a marks of less than 25% on either the test or the group coursework would be required to retake that particular assign-ment.

Additional Requirements

Students are required to attend both lectures and seminars/computer lab sessions. Attendance will be strictly monitored, and at least 80% attendance at seminars is required. Failure of a student to attend without good reason leads to a failure in satisfying the 10th learning outcome and this may lead to them being awarded a grade X. Stu-dents are also required to attempt their seminar questions/lab ses-sion exercises in their own study time before attending the seminar/lab session.

Assessment Weighting Coursework: 30% Examination: 70%

Exam Duration Examination, 3 hours

Learning Materials


Core Materials:

STX1120 module study guide and OasisPlus resources.

Swift, L, and Piff, S, \(2010), Quantitative Methods For Business, Man-agement and Finance, 3rd Edition Thomson Learning, ISBN 978-0-230-21824-6

Morris, C, with Thanassoulis, E, (2008), Essential Maths for Business and Management, Palgrave Macmillan, ISBN-13:978-1-4039-1610-5

Waters, D, (2011), Quantitative Methods for Business, 5th Edition, Pearson, ISBN 978-0-273-73947-0

Curwin, J, and Slater, R, (2002), Quantitative Methods for Business Decisions, 5th Edition, Thompson Learning, ISBN 1-86152-531-1

Recommended Materials:

Chansarkar, B, and Michaeloudis, A, (2002), Introduction to Quantitat-ive Methods I Questions And Answers, 1st Edition, Himalaya Publish-ing House, ISBN 8-17866-339-2

Meyer, R, and Krueger, D. A, (2005), A Minitab Guide To Statistics, 3rd Edition, Prentice Hall, ISBN 0- 9780131492721

For a list of additional learning materials consult the module hand-book.

Module Code ECS2212

Module Title Macroeconomic Environment and Policy

Level 5

Credit 30



Level Restrictions

Aims This module aims to provide students with an understanding of the macroeconomic environment through a study of the models and techniques of macroeconomics at an intermediate level and an appreciation of current controversies with respect to the formulation, implementation and impact of macroeconomic policies.

Learning Outcomes Knowledge On completion of this module the successful student will be able to: 1. describe macroeconomic models at intermediate level; 2. explain controversies in macroeconomics at the level of both theory and policy; 3. specify the relationship between theory and policy. Skills This module will call for the successful student to: 4. evaluate macroeconomic theories; 5. formulate policy recommendations; 6. work in a group. Syllabus

Output, employment and the business cycle Theories of the business cycle The measurement of macroeconomic variables Economic growth Classical and Keynesian models Consumption function and Investment functions IS/LM and aggregate demand/supply analysis The open economy Monetary and fiscal policies in an open economy Stabilisation policies The natural rate of unemployment and the Phillips Curve


Inflation, Activity and Nominal Money Growth

Learning, Teaching and Assessment Strategy Main content of the module will be delivered via one weekly two-hour (interactive) lecture. Learning is reinforced by short cases, problems and topical issues analysed by students working individually or in small groups in private study time. The outcomes are presented and debated in weekly one-hour seminars where students can practice their communication and analytical skills.

Assessment Scheme: The formative assessment consists of seminar presentations for which feedback will be immediate and both short in-class exercises and online tests at regular intervals for which feedback will be almost immediate. The summative assessment consists of two elements:

In Class Test (accounting for 40% of the overall grade) of 1 hour duration approximately halfway through the session. The test comprises multiple choice questions and short concept/theory application questions to assess progression in learning with particular reference to outcomes 1 and 3.

Unseen examination (for 60% of the overall grade) at the end of the session. This will be of two hours duration and include a mixture of essay and problem based questions. It will assess the ability to identify, explain, and apply key concepts and theories (outcomes 3,4,5). Students have to formulate answers and solve problem under time constraint and are required to answer three questions from a total of six.

Assessment Weighting Test: 40% Exam:60%


Learning Materials Blanchard, O, (2008), Macroeconomics, 5th Edition, Prentice Hall


Findlay, D, (2006), Study and Tutorial Guide for Macroeconomics by Blanchard, 4th Edition, Prentice Hall Burda, M, and Wyplosz, C, (2005), Macroeconomics: A European Text, 4th Edition, Oxford University Press Froyen, RT, (2005), Macroeconomics, 8th Edition, Prentice Hall Gordon, JR, (2006), Macroeconomics, 10th Edition, Addison-Wesley Mankiw, G, (2007), Macroeconomics, 6th Edition, Worth

Module Code ECS2230

Module Title Intermediate Microeconomics

Level 5

Credit 30



Level Restrictions

Aims This module aims to extend students’ knowledge in Microeconomics acquired in the first year of study and builds on students’ quantitative skills in developing a formalised analytical approach to economic problems. Specifically, the module aims at equipping the students with understanding of microeconomic theories that can be used to explain and predict the behaviour of consumers and firms. The module also aims to explore the nature of the firms and their markets; explain and evaluate theories of consumer and investor behaviour; analyse and compare firm production and pricing policies given profit maximisation as a business objective. The module will also introduce students to special topics in intermediate microeconomics such as asymmetric information and externalities. Learning Outcomes

Knowledge On completion of this module the successful student will be able to: 1. explain and evaluate the relevant microeconomic concepts, theories and techniques and understand their applications to consumer's, investor's, and firm's behaviour in different market structures; 2. explain and predict the impact of alternative market structures on a firm's output, pricing and input use decisions; 3. explain the behaviour of economic agents in markets with perfect and asymmetric information. Skills The module will require the successful student to: 4. present information clearly and respond logically to questions and comments using economic reasoning; 5. clearly formulate and communicate an understanding of appropriate microeconomic theory and its applications to economic problems and issues; 6. demonstrate extended skills in quantitative and qualitative analysis and problem solving;


7. demonstrate study skills and efficient time management.

Syllabus Consumer behaviour and demand Consumer and investor behaviour under risk and uncertainty Individual and aggregate market demand The neo-classical view of the firm and the firm's environment Production, efficiency and relevant cost concepts Output, and input use decisions under perfect and imperfect

competition Price discrimination, oligopoly collusive and non-collusive

behaviour Price leadership and the dominant firm models Game theory in an oligopolistic context General equilibrium Special topic: asymmetric information

Learning, Teaching and Assessment Strategy Main content of the module will be delivered via one two-hour (interactive) weekly lecture. Learning is reinforced by short cases, problems and topical issues analysed by students working individually or in small groups in private study time. The assessment strategy comprises both formative and summative assessments. The formative assessment is an integral part of the teaching and learning process. It addresses all the learning outcomes, 1 to 7 and consists of presentations and debates of study outcomes and assignments in one-hour weekly seminars where students can practice their communication, presentation and analytical skills. The summative assessment consists of two main components:

Two sets of mid-term tests - the first set takes place during the first term and comprises 20% of the total module grade; the second set takes place during the second term and comprises also 20% of the total module grade. Each test included in the set contains multiple choice questions and short concept/theory application questions to assess progression in learning with special reference to the learning outcomes 1, 2, 3, 6 and 7 and provide timely feedback.


A two-hour unseen examination comprising 60% of the total module grade. The examination consists of a mixture of essay and problem based questions and assesses the ability to identify, explain, and apply key concepts and theories. Furthermore, students have to formulate answers and solve problem under a time constraint and are required to answer three questions from a total of six. Thus all the learning outcomes, 1 to 7, are formally assessed. The pass grade for the module is an overall 16.

Assessment Weighting Mid-term tests: 40% Unseen Examination: 60%


Learning Materials Core text: Varian, H, (2010), Intermediate Microeconomics: A Modern Approach, 8th ed., WW NortonAlternative readings: Nicholson, W, Snyder, C, Luke, P, and Wood, M, (2008), Intermediate Microeconomics, 1st European ed, Sengage South-WesternPerloff, J, (2007), Microeconomics with Calculus, 4th ed, Pearson Addison WesleyBesanko, D, and Braeutigham, R, (2005), Microeconomics, 2nd ed, WileyModule Handbook

Module Code ECS2290

Module Title Trade and International Business

Level 5

Credit 30


Level Restrictions


Aims The aim of this module is to provide an understanding of the issues relating to international trade and business in an increasingly interdependent world. The specific aims are to develop a theoretical understanding of the causes of world trade as well as some practical appreciation of the business of trade and the role of MNEs in it. We shall consider the gains and benefits of free trade and the trade liberalisation process as well as an understanding of the world trading system and multilateral trade negotiations. Learning Outcomes

KnowledgeOn completion of this module the successful students will be able to:

1. understand and explain the trade theories, trade policy instruments;

2. trade policies, political economy, international trade negotiations;

3. economic integration; 4. trade, Balance of Payments and Exchange rates; 5. international Factor Movements; 6. theories of FDI and its costs and benefits;

SkillsThis module will call for the successful student to:7. demonstrate study skills and time management;8. independent and self - managed learning;9. an ability to interpret economic diagrams.Syllabus

Theories of Absolute and comparative Advantage Factor Content of Trade and the Heckscher-Ohlin Theory Trade, Balance of Payments and Exchange rates Principal trade policy instruments: Tariffs and Quotas Free trade vs. Protectionist arguments International negotiations and trade and WTO Regional Trade Agreements Euro zone Trade, EMU, UK euro entry


Trade, Welfare and Income Transfer Trade Patterns with Economies of Scale and Imperfect

Competition International Factor Movements Theories of FDI Costs and Benefits of FDI

Learning, Teaching and Assessment Strategy One 1.5 hour lecture per week to introduce theoretical and empirical materials to the students. One 1 hour seminar per week is to monitor students' written answers and work through the pre-assigned questions that are designed to reinforce the lecture content and also to encourage an element of independent learning.

Attendance Requirement There is a 75% attendance requirement for this module.

Assessment Scheme Formative assessment addresses learning outcome 7, 8, 9 (carrying zero weight to the final grade, with feedback available).

1. Students should complete questions set for each seminar.Summative assessment: it consists of three components selected in order to ensure students demonstrate an overall understanding of relevant concepts and techniques as well as the ability to apply and critique them in appropriate contexts.

The three assessment components are:1. One in-class test for Part A in term 1 (Week 12), counting for

25% to the final grade. It exams learning outcomes 1, 2, 3 and 4.

2. One in-class test for Part B in term 2 (Week 22, TBC), counting for 25% to the final grade. It exams learning outcomes 5 and 6. These in-class tests will be of 60 minutes duration and involve answering all questions (multiple choice questions and a mini essay question (or short answer questions)). The timing will


allow reflection and self-evaluation for each part of the module and to learn from the assessment feedback.

3. A 2-hour unseen examination will account for 50%, containing questions from both Part A and Part B.

Assessment Weighting Tests/Coursework: 50% Unseen Examination: 50%


Learning Materials Essential: Part A: one of the following Salvatore, D, (2010), International Economics, 10th Edition, Wiley.Krugman, PR, and Obstfeld, M, (2009), International Economic - Theory and Policy, 9th Edition, PearsonPart B Dunning, JH, and Lundan, SM, (2008), Multinational Enterprises and the Global Economy, 2nd Edition, Edward Elgar Publishing Limited Recommended

1. Parkin, Powell and Matthewson, Economics, 7th Edition 2. Begg, Fischer and Dornbusch, Economics, 9th Edition 3. Hill, CWL, (2010), International Business, 8th Edition, McGraw-

Hill/Irwin 4. McDonald & Dearden, European Economic Integration, 4th

Edition 5. De Grauwe, Economics of Monetary Union, 8th Edition 6. Ravenhill, J, (2005), Global Political Economy 7. Krugman, P, (1999), Popular Internationalism, MIT Press 8. Bournakis, I, Competitiveness, Trade and Productivity: With

Special Reference to Greece, Germany, VDM Verlag Dr Muller Aktiengesellschaft & Co KG

9. Morrison, J, International Business, Challenges in a Changing World, Palgrave Macmillan


10. Cavusgil, T, Knight, G, and Riesenberger, J, International Business: Strategies, Management and the New Realities, 9th Edition, Pearson

11. Rugman, A, and Hodgets, R, International Business, 3rd Edition, Prentice Hall/FT

12. Porter, M, The Competitive Advantage of Nations, The Free Press

Module Code ECS2310

Module Title Economic Practice and Policy 2

Level 5

Credit 30



Level Restrictions

Aims This module aims to develop students' knowledge of current economic policy issues at a national, regional, and global level with an insight into the practice of formulating and implementing economic policy, building on Economic Practice and Policy I; and build on introductory statistical analysis, allow students to use data analysis to test economic principles and theories relevant to the economic problems of the day.

Learning Outcomes Knowledge and SkillsOn completion of this module the successful student will be able to:

1. demonstrate a clear understanding of economic policy as a complement to the analysis of the behaviour of economic agents and the functioning of economic systems conducted in economic analysis;

2. critically analyse the process by which government makes its choices, taking as given its objectives and the roles and scope of different institutions;

3. demonstrate an ability to identify, synthesise and present subject-relevant literature in a coherent manner;

4. learn independently by self study and use of suggested learning materials and preparation for workshop exercises;

5. evaluate and apply an array of economic concepts, working with actual data;

6. use descriptive statistical analysis to analyse various policy issues (both micro and macroeconomic) at national, regional, and global levels;

7. combine the above to improve knowledge of how institutions respond to quantitative economic relationships (such as growth, population, revenues, etc).

Syllabus


Market failures: microeconomic and macroeconomic aspects · Public expenditure and taxation

Social policy, distribution of income and wealth Trade unions, wages and collective bargaining Unemployment Income and price policies Industrial and regional policies Regional public institutions: The European Union The challenges of globalisation for public policies The economics of environment Crisis and policy response and alternatives Quantitative data analysis

Learning, Teaching and Assessment Strategy Lectures, case studies, selected readings, seminars and computer laboratory sessions will be used to explore the relevant current issues of economic practice and policy. Students are encouraged to work on the relevant readings prior to the lecture. The student?s learning will be reinforced by computer lab and seminar sessions based on applied descriptive statistical analysis of actual data and review questions. Students will work either in teams or individually as appropriate to develop answer to the review questions, case studies and policy based empirical analysis in the seminar and computer lab sessions for the further development of communication, quantitative and IT skills.There is a two-hour lecture plus a one-hour computer laboratory session each week.

Assessment Scheme Formative assessment Students will work either in teams or individually as appropriate to develop answer to the review questions, case studies and policy based empirical analysis in the seminar and computer lab sessions for the further development of communication, quantitative and IT skills. Students can submit their works to the module tutor for formative feedback.Summative assessment


The summative assessment consists of three components: 1. An in-class test (in week 12) of 60 minutes duration, involving

answering multiple choice and short essay questions. (Learning Outcomes 1, 2 and 3)

2. 3 coursework assignments (Learning Outcomes 3, 4, 5, 6 and 7): (i) Applied descriptive statistical analysis (due in week 7) - Students are required to download a cross-country macro dataset, analyse by using descriptive statistics and interpret their findings. (Maximum length of comments and discussions 600 words) (ii) Economic modelling using Excel® (due in week 17) - Students are required to analyse a given economic concept using Microsoft Excel®. (Maximum length of explanation and discussion 600 words) (iii) Applied econometric coursework (due in week 22) - Students are required to construct an economic model and run a regression analysis. (Maximum length of explanation and interpretation 600 words)

3. An unseen examination of two hours duration to allow students to demonstrate the necessary skills to produce written work and evaluate view points within a time constraint. (Learning Outcomes 1, 2, 3, 4 and 7)

Assessment Weighting In-class test: 10% Coursework assignments: 30% Unseen Examination: 60%

Exam Duration Examination, 2 hours Learning Materials Core texts: Acocella, N, (2005), Economic Policy in the Age of Globalisation, Cambridge University PressGriffiths, A, and Wall, S, (2007), Applied Economics, 11th Edition, FT-Prentice HallStiglitz, J, (2010), Freefall: Free Markets and the Sinking of the Global Economy, Allen Lane Additional texts:


Arestis, P, and Sawyer, M, (2006), Alternative Perspectives on Economic Policies in the European Union, Palgrave Macmillan Recommended Texts for data analysis:Barrow, M, (2009), Statistics for Economics, Accounting and Business Studies, 5th Edition, FT Prentice HallJechiltschka, K, Kirschke, D, and Schwarz, G, (2007), Microeconomics using Excel®, Routledge Selected Journal Articles, material from the Financial/Business Press and Internet sources

Module Code ECS3310

Module Title Public and Regulatory Economics

Level 6 Credit 30 Owning Subject Economics Level Restrictions

Aims


This module aims to build students’ knowledge of policy decisions. Most critically that they are able to understand the process by which government makes its choices, as well as the factors influencing the scope and effectiveness of those choices

Learning Outcomes

Knowledge


1. demonstrate a critical understanding of key public policy con-cepts, theories and issues in practice;

2. analyse/evaluate emerging issues in public policy and regulat-ory theory;

Skills


3. make coherent written presentations under exam conditions on the basis of analysis, evaluation and synthesis of information covered in this module;

4. learn independently by self study and use of suggested learning materials and preparation for seminar exercises.

Syllabus

The Economic Analysis of Public Goods Public Expenditure and Taxation in the UK The theory of Taxation Optimal Income Taxation Income Taxa-

tion Income Taxation and the Work/Leisure Choice Defining social preferences Social Choices Normative and Positive Theory of Economic Policy Microeconomic interventions


Macroeconomic interventions Regulation as a policy option Nationalisation versus Privatisation


Lectures, case studies, selected readings and seminar discussions will be used to explore contemporary banking theory, issues and practice. This will take place during 3 hours of formal classes in each learning week, which will be broken up approximately into 2 hours of lectures and 1 hour of the more practical activities in each week.

Assessment Scheme

Assessment consists of three elements:

Formative assessment (zero weighting in assessment scheme, but acceptable preparation and participation in seminars is a re-quirement to pass this module). A complete lack of attendance may result in an X grade. Seminar exercises will allow for re-flection, self-evaluation and feedback. (Learning Outcome 4)

An unseen examination of two hours duration, with students re-quired to answer any three questions from a choice of eight. Questions will normally require essay style answers and will be based on the material covered in the lecture and seminar pro-gramme. This will make up 60% of the overall assessment and will take place during the exam period at the end of the aca-demic year. (Learning Outcomes 1, 2 and 3)

Two in-class tests are required for the coursework component of this module. They will be of 50 minutes duration and involve answering 30 questions (multiple choice and short answer). Both of these will make up 20% each of the overall assessment and will take place during Learning Weeks 8 and 16 respect-ively. (Learning Outcomes 1 and 2)

An overall grade of 16, or better, is required to pass this module.


Assessment Weighting Coursework: 40% Unseen Examination: 60%


Learning Materials

Core texts:

Acocella, N, (1998), The Foundations of Economic Policy: Values and Techniques, Cambridge University Press

Recommended reading:

Stiglitz, J, (1999), Economics of the Public Sector, 3rd Edition, WW Norton & Company Ltd

Brown, C, (1990), Public Sector Economics, Blackwell Publishing

Bailey, S, (2001), Public Sector Economics, 2nd Edition, Palgrave MacMillan

Cullis, J, and Jones, P, (1998), Public Finance and Public Choice, Oxford University Press

Module Code ECS3450

Module Title Business Economics

Level 6

Credit 30


Level Restrictions

Aims


This module aims to develop students' knowledge of business economics, building on Level 2 Economics of the Firm. The module aims to explore the relevant microeconomic and macroeconomic reasoning to evaluate the structure, conduct and performance of business organisations for profit; assess major influences shaping the behaviour of business organizations and possible constraints on business decision making; and apply neo-classical, managerial and behavioural economic theories to the decision making process of firms in a domestic and international context. Learning Outcomes

Knowledge On completion of this module the successful student will be able to: 1. demonstrate the ability to explain and critically evaluate the relevant theories of the business firm for profit and apply these to actual business examples; 2. analyse and critically evaluate the behaviour of the firm and the broader environment in which that behaviour occurs; 3. explain, apply and critically evaluate an array of economic concepts, models and analytical techniques to understand the day-to-day processes of production and consumption; Skills This module will call for the successful student to: 4. work both individually and in a small team; 5. communicate clearly and concisely in writing; 6. use a range of learning resources in a timely manner; 7. critically evaluate information from different sources. Syllabus

Different theoretical perspectives on why firms exist and their nature

Theory of consumer behaviour and its application in pricing and marketing strategies

Supply, costs and efficiency of production process Firm?s objectives and behaviour Principal-agent theory Standard neo-classical versus Managerial and Behavioural

theories of firms


Game theory and oligopoly Managerial decisions under different market structures Business decision making and Structure-Conduct-Performance

approach Pricing in theory and practice Macroeconomic environment of the firm Globalisation and International markets Business, government and natural environment

Learning, Teaching and Assessment Strategy Lectures, case studies and selected readings will be used to explore the relevant issues covered in the module handbook. The students will have a two hour lecture per week. The lectures are designed to introduce and develop concepts, theories and their applications to Business Economics. The students will be required to read relevant readings prior to the lecture. Learning will be reinforced by work on review and discussion questions provided in the module handbook. The students are advised to work on these questions in small groups in private study time. The outcomes can be submitted to the lecturer for formative feedback.

Assessment SchemeThe summative assessment consists of three elements: In-Class Test (15% of overall grade): Students will need to take an in-class test which will be of one hour duration and involve answering all given questions (multiple choice and short answer). Coursework Essay (25% of overall grade) End of Year Examination (60% of overall grade) The unseen examination will consist of essay style questions.

Assessment Weighting Coursework: 40% Unseen Examination: 60%



Learning Materials Core text: Worthington, I, Britton, C, and Rees, A, (2005), Economics for Business: Blending Theory and Practice, 2nd Edition; FT Prentice Hall Additional Readings: Sloman, J, and Hinde, K, (2010), Economics for Business, 5th Edition, FT Prentice Hall Thomas, C, and Maurice, S, (2008), Managerial Economics, 9th Edition, McGraw-Hill Sloman, J, (2008), Economics and Business Environment, 2nd Edition; FT Prentice Hall

Module Code ECS3855

Module Title Applied Econometrics

Level 6

Credit 30


Level Restrictions

Aims This module aims to provide students with an appreciation of the inputs to, uses of, and techniques involved in modern applied econometrics. Students will acquire an understanding of the empirical techniques commonly used in economic research; the problems of data collection


and analysis and the importance of empirical work in different fields of economic practice and policy. Expertise will be acquired in the use of appropriate computational software packages (e.g. Oxmetrics, Microfit, Eviews, Stata, or Limdep); the skills needed to communicate the results of empirical work in economics, and to critically evaluate results, projections and forecasts in academic work and public policy.

Learning Outcomes KnowledgeOn completion of this module the successful student will be able to:1. demonstrate an understanding of the sources and characteristics of economic data;2. use econometric techniques to analyse economic relationships;3. critically evaluate empirical work in economics;4. use specialised econometric software and data sets;5. demonstrate an understanding of, and evaluate the strengths and limitations of, econometric findings in a range of commercial, financial and public policy fields;SkillsThis module will call for the successful student to:6. find, prepare and manipulate statistical data from different sources;7. present data and information in a clear and meaningful fashion;8. employ accurate and efficient spreadsheet design;9. explain the outcomes resulting from economic models in a clear and concise fashion;10. paraphrase and synthesise background materials from a given brief in order to communicate key points in written or spoken form;11. prepare and organise material for formal speaking occasions, as well as for drafting and editing written documents;12. make a short presentation (in either written or spoken form) in a suitable professional style, keeping to a specified professional brief.

Syllabus Statistical foundations of econometric work Data sources and methods Econometric methods and traditions Simple two variable regression models and estimation


The multiple regression model Notation, estimation, hypothesis testing and forecasting The problems of heteroscedasticity, multicollinearity and

autocorrelation Time series analysis Cross section and panel analysis Uses of applied econometrics Report writing and critical evaluation of published work

Learning, Teaching and Assessment Strategy The module will be delivered by a series of lectures explaining the core ideas and techniques and relating these to particular areas of applied economic research or policy. These will be linked to a series of seminars/workshop sessions. Students will be required to take part in readings, exercises and simulations prepared specifically for the module.

Assessment SchemeBeyond attendance at lectures and satisfactory participation in seminars and workshops, students will be graded on their performance in an individual computer based project (40%). A two-hour unseen examination (60%) at the end of the year will test knowledge, understanding and analytical and problem solving skills.

Assessment Weighting Coursework: 40% Examination: 60%


Learning Materials Core Texts:Hill, RC, Griffins, WE, Lim, GC, (2008), Principles of Econometrics, 3rd Edition, WileyGujarati. DN, (2001), Basic Econometrics, McGraw HillMaddala, GS, (2001), Introduction to Econometrics, Prentice HallKoop, G, (2005), Analysis of Economic Data, Wiley


Dougherty, C, (2002), Introduction to Econometrics, 2nd Edition, Oxford University Press

Module Code ECS3350Module Title International Finance Level 6 Credit 30 Owning Subject Economics Level Restrictions

Aims This module aims to provide students with knowledge of the interna-tional monetary system and skills of managing financial assets in a global environment. The first half of the module introduces theories of exchange rate, balance of payments and macroeconomic policies in an open economy. The second half of the module talks about the applica-tion of financial instruments and techniques in managing the financial assets and risks. Students have the opportunity to study the operations


of the world capital markets and participate in the discussions of vari-ous contemporary international financial issues and policies.

Learning Outcomes

Knowledge


1. understand the international monetary system and the factors associated with the balance of payments;

2. explain the theories about the determination of exchange rate; 3. analyse the characteristics and operations of international finan-

cial markets and use international financial instruments, includ-ing derivatives, for asset and risk management;

4. critically evaluate the contemporary economic policies in an open economy.

Skills


5. apply international financial instruments to manage assets and control risks (mostly quantitative skills);

6. communicate clearly in writing an understanding of theories and models in relation to exchange rate, international monetary sys-tem, and balance of payments.

Syllabus

The post-war international monetary system The balance of payments and economic policies in an open

economy Theory, evidence and policy of exchange rate determination The world financial markets


Financial instruments for international asset management and risk control

Contemporary issues in international finance


Students will have one-hour lecture per week to introduce and develop subject matter plus one-hour weekly student-led seminar to focus on key concepts, theories, and applications to short problems or case studies.

Oasisplus will be used to share PPT lecture notes and seminar ques-tions, facilitate discussions on the module, and provide links to Turnitin for e-submission of the written coursework for assessment.

Assessment Scheme

Formative assessment and feedback comprises of one formative as-sessment with peer marking before the in-class test (a summative as-sessment component) to help student get feedback and get involved in the assessment process.

Summative assessment consists of three components selected in or-der to ensure students demonstrate an overall understanding of relev-ant concepts and techniques as well as the ability to critique them in appropriate contexts.

The three assessment components are:

One written coursework. Consisting of short-answer, numerical and short essay questions, due to submit after the reading week in Semester 1. It will cover the topics given during the semester. (Assesses Learning outcomes 1, 2, 4 and 6)

One in-class test. Consisting of short-answer questions and nu-merical problems, due to submit after the reading week in Semester 2. It will cover the topics given during the semester.


The test will be closed book. (Assesses Learning outcomes 3 and 5)

An unseen examination of two hours duration. The exam paper will have two parts. The first part will consist of a number of compulsory questions. They will be a mix of short answer ques-tions and numerical problems. The second part will have three to four questions of which students must select two. The exam-ination will be closed book. (Assesses Learning outcomes 1-6)

Assessment Weighting Written Coursework: 20%; In-class test: 20%; Unseen Examination: 60%


Learning Materials

Core:

Eun, C, and Rensick, B, (2006), International Financial Management, 4th ed, McGraw-Hill

Shapiro, A, (2006), Multinational Financial Management, 8th ed, John Wiley & Sons

Krugman P,. and Obstfeld, M, (2008), International Economics: Theory and Policy, 8th ed., Pearson Education International

Recommended:

Moffet, M, Stonehill, A, and Eiteman, D, (2006), Fundamentals of Mul-tinational Finance, 2th ed, Addison-Wesley


Clark, E, (2002), International Finance, 2nd ed, Thompson

Buckley, A, (2004), Multinational Finance, 5th ed, Prentice Hall

Madura, J, and Fox, R, (2007), International Financial Management, 7th ed, Thomson

Module Code ECS3355Module Title Financial Economics Level 6 Credit 30 Owning Subject Economics Level Restrictions

Aims This module aims to provide students with an understanding of key economic/financial concepts, theories and techniques; and the ability to apply these to financial issues, using both actual and simulated cases. The module provides a basis for further study in the field of finance, as well as basic skills useful in the financial and business world.

Learning Outcomes



1. explain and evaluate the relevant advanced economic/financial concepts, theories and techniques and apply these to both cur-rent and simulated investment/financial problems;

2. apply financial models such as the Capital Asset Pricing Model and the Arbitrage pricing Model to help make investment de-cisions;

3. calculate expected return and risk of an investment, and use data sources independently;

4. clearly communicate in writing an understanding of theory and its application to practical issues.

Syllabus

(I) Introduction

Finance and Financial System Time and Resource Allocation

(II) Principles of Market Valuation

Value maximisation and financial decisions Valuing stocks and bonds Efficient Market Hypothesis Behavioural Finance

(III) Portfolio Theory and Asset Pricing

Portfolio opportunities and choices Capital Asset Pricing Model and Arbitrage Pricing Model Risk Management and portfolio theory Forward and Futures Markets: Fundamentals, speculation,

hedging and application Options: Fundamentals, price determination and application



One two-hour lecture and/or workshop per week to explain and apply concepts, theories, techniques and practical applications to short prob-lems/case studies, including material derived from the financial press/media. Students will work in small groups on short problems and cases and in their own private study time. Groups will be expected to contribute to workshop discussions, problem solving and presenta-tions.

Assessment Scheme

Formative Assessment

Formative assessment (zero weighting in assessment scheme, but ac-ceptable preparation and participation in workshops is a requirement to pass this module). A complete lack of attendance may result in an X grade. Workshop exercises will allow for application of theories to real world situations, self-evaluation and feedback.

Summative Assessment

A coursework and an in-class test are required for the course-work component of ths module. The coursework will involve dis-cussion of a current issue in thefinancial world. It is worth 20% of the overall assessment scheme. (Learning Outcomes 1 and 2)

The in-class tests will be of 60 minutes duration each and in-volve answering fill in the blank questions, numerical questions and short essay type questions. In all, the two tests are worth 20% of the overall assessment scheme. (Learning outcomes 2, 3 and 4)

An unseen examination of two hours duration, with students re-quired to answer any two questions from a choice of six. Ques-tions will require essay style answers and will be based on the material covered in the lecture and workshop programme. It is worth 60% of the overall assessment scheme. (Learning Out-comes 1, 2, 3 and 4)


An overall grade of 16, or better, is required to pass the module.

Assessment Weighting Group presentation and In-class tests: 40% Unseen Examination: 60%


Learning Materials

Core text:

Bodie, Z, Merton, R, and Cleeton, D, (2008), Financial Economics, 2nd ed, Prentice Hall

Other references:

Brealey, R, Myers, S, and Marcus, A, (2008), Fundamentals of Corpor-ate Finance, 7th ed, McGraw Hill

Bodie, Z, Kane, A, and Marcus, A, (2007), Essentials of Investments, 6th ed, McGraw-Hill

Cuthbertson, K, and Nitzsche, D, (2004), Quantitative Financial Eco-nomics, 2nd ed, Wiley

Jones, C, (2007), Investments, 10th ed, Wiley

Pilbeam, K, (2005), Finance and Financial Markets, MacMillan Busi-ness


Module Code HRM3117

Module Title Developing Effective Management and Leadership

Level 6

Credit 30

Other Restrictions and Requirements

Owning Subject Human Resource Management

Level Restrictions

Aims The aim of the module is three fold: •Firstly, to provide grounding in developing effective management and leadership in organisations; •Secondly, to generate awareness in the core competencies concerned with developing effective management and leadership in organisation,


hence enabling you to apply theory to practice in management; •Thirdly, to provide you with a number of opportunities to develop personal skills (transferable skills), through workshops, individual and teamwork activities, and a real life consulting project.

Learning Outcomes Knowledge On completion of this module the successful student will be able to: 1. in the context of human resource management, critically explain the contribution that developing effective management and leadership makes to organisational success (this includes the process of decision making); 2. explain the importance of organisational structure and leadership and the contribution that the HR function makes to the way in which organisations grow and change; 3. explain the role of the customer, management/leadership and employees - in continuous improvement and quality systems; 4. expound the process of team formation and structure, and the role of the individual in the team; 5. make clear links between individual motivators, culture (organisational and individual) and communication, as well as the role of each in high performance organisations; 6. explain the external and internal business environment and their practical responses; 7. identify key principles of management consulting; 8. be aware of and explain the HRM functions that contribute to organisation success; 9. explain the role of the reflective practitioner; Skills


This module will call for the successful student to: 10. demonstrate logic and reasoning in making decisions, spotting opportunities and solving complex problems within an organisation and their teams, in a creative way; 11. demonstrate how to critically reflect on an issue, and their learning experience including peer and client feedback; 12. demonstrate how to approach challenges willfully; 13. demonstrate how to think creatively (using art making techniques); 14. demonstrate how to write a project proposal;15. demonstrate how to apply theory to practice in the context of Management and Leadership; 16. demonstrate how to develop assessment criteria; 17. demonstrate how to read the business environment; 18. demonstrate that they understand/are able to handle a real management/leadership consulting project for a real life organisation, through an electronic presentation e.g. PowerPoint, or Presi with complete notes; 19. select and apply a variety of academic models in analysing an organisations internal and external environment; 20. collect, analyse and interpret a variety of data from a range of sources to support decisions made, using various business management analytical tools to investigate the internal and external environment; 21. lead a team and work in a team; 22. evaluate individual and peer/team performance; 23. Manage a consulting project;24. Present information in a logical manner using presentation equipment and slides. Syllabus Theories:


Management and Leadership (including Management Roles, Leadership Styles, Management/Leadership Training and Development and Development Leadership Programmes)

Understanding the Business Environment Organisational Change, Managing Change/Change

Management Organisational Culture Diversity Management Strategic HRM Crisis Management

As well as theories and activities concerned with: Leadership Skills (including reflective practice) Organisational Learning (Including Individual and Management

Learning) Team Working Team Building Team Roles Business Research Management Consulting

Learning, Teaching and Assessment Strategy The object of the learning sessions (whether through lecture/workshops, coursework supervision sessions, myUniHub) is to communicate the module aims and syllabus to students who have little or no theoretical background in this subject - Developing Effective Leadership and Management. The lecture will also provide you with an introduction to a significant number of theories and concepts relating to the subject. Workshops will be based around activities often worked on in your teams, which are designed to consolidate, monitor and test your understanding and application of the module material.

Assessment Scheme 100% Coursework The coursework undertaken for this module has been designed to assess the students' knowledge on, and comprehension of developing effective management and leadership. In addition, to assess their ability to apply this in practical ways.


Students will be required to clearly indicate the essence of developing effective management/leadership, as well as the influences of the business/organisation environment (internal and external),on developing effective management/leadership. Overall, they will be able to demonstrate their ability to apply their knowledge in the context of human resource management (HRM), management consulting, management research, creativity/innovation, teamwork, and team/individual learning/development. A variety of relevant information and data (including financial) will be obtained, analysed and utilised appropriately for their successful completion of this module. Assignment 1: Team PowerPoint presentation (Developing and Effective Management and Leadership Programme) (30% plus 10% for contributions made by individual team members: Total 40%) Learning Outcomes 1-12, 14, 16-23 Assignment 2: Team peer assessment of team PowerPoint presentation (complete with marking rubric/assessment sheet) (10%) Learning Outcomes 10, 11, 14, 18, 22 and 23Assignment 3: Individual learning portfolio (To include critical elements of your learning, including learning about Developing effective Management and Leadership from an HRM perspective) (50%) Learning Outcomes 1-23, particularly 4, 10, 11, 20 and 23 Assessment Weighting Coursework: 100%

Learning Materials Core Text Customised Textbook, Compiled by Lola-Peach Martins, Simon Roberts, and Doirean Wilson, (2012), Developing Effective Management and Leadership Highly Recommended David Northouse, (2009) Leadership: Theory and Practice, 5th EditionAdditional Reading Will be provided when appropriate


Module Code MGT3193Module Title Business Start up Level 6 Credit 30 Owning Subject Management Level Restrictions

Aims This is a synoptic of module which aims to ensure that students can demonstrate how to develop a business plan and put it into operation. This will be achieved by students showing an understanding of the ap-propriate academic theories and an application of the necessary ana-lytical tools to achieve a successful business start up. In particular, the module aims to facilitate the development of a unique business plan in which students will learn, practice and apply the necessary academic and practical knowledge base and skills set, including team working, required for the establishment of a new business. This preparation fol-lows through to provide students with the opportunity to study the es-tablishment of small business in a practical context, giving students an insight into the 'nuts and bolts' of setting up and running their own small business. Especially important is the reconciliation of theory to practical realities including interaction with the appropriate government agen-cies, professional and commercial bodies. Finally, students are encour-aged to reflect on whether they are suited to setting up their own small business or continuing their college business on a commercial basis.


Learning Outcomes

Knowledge On completion of this module, the successful student will be able to:

1. produce a comprehensive and coherent Business Plan and crit-ically evaluate the risks to its implementation;

2. explain all the necessary business functional areas that need to be addressed in establishing and running a small business. In particular, to show relevant academic theory and its application to the running of a small business;

3. identify and apply major strategies required by a management planning process for a business start-up;

4. become proactively involved in entrepreneurial teams; 5. negotiate and communicate effectively in a planning and learn-

ing environment both within and without the team; 6. produce a document (business plan) that supports a commer-

cial proposition requiring external financial backing; 7. define the day-to-day issues which confront a small business

during its formative stages; 8. demonstrate and evaluate how external agencies can be both a

help and a hindrance to a small business; 9. work effectively with other businesses to achieve their business

objectives;

Skills This module will call for the successful student to:

10. select and apply a variety of different business analysis tools to plan and start a small business;

11. research and implement all aspects of setting up and running a small business including: establishing a company, raising fin-ance, marketing, staffing, premises, accounting records, pro-duction of final accounts, payment of tax;


12. be familiar with the role, objections and procedures of the main UK agencies and government bodies that interact with small business;

13. summarise progress of company to date and present argu-ments for continued investment and growth to share holders;

14. present the achievements and aspirations of a company to stakeholders both face to face in a meeting and as a written re-port;

15. work effectively in a team from developing ideas, through to planning and implementation.

Syllabus

Exploring business ideas and entrepreneurship including feas-ibility, profitability, market analysis and timing

Draft Business Plan choosing the best idea and shaping the business idea

Formal Business Plan formalising the idea to enable the re-sourcing of the project, especially focused practicability, finan-cing and market positioning

Checking out the competition, learning from how others have succeeded in similar business endeavours

Establishing all the necessary business functions and pro-cesses

Trading including with other groups on the module


The object of the lectures is to communicate the module aims and the academic syllabus, especially to those who may not have a full theoret-ical background in this subject. The lecture will also provide an intro-duction to a significant number of theories and concepts relating to the subject. Delivery will normally be a weekly one-hour lecture and a one and half-hour workshop. There will be no seminars. Students will be encouraged to use a wide range of on-line learning facilities via the web and OASIS, including shared document filing, e-messaging and e-discussion groups.


Assessment SchemeThe three assessment components are:

1. Business Plan: 60%2. Business Portfolio: 20%3. Reflective Essay: 20%

Assessment Weighting Coursework: 100%

Learning Materials

Core texts: Burns, P, (2010), Entrepreneurship and Small Business: Start-up, Growth and Maturity, 3rd Edition, Palgrave MacMillanRae, D, (2007), Entrepreneurship: From Opportunity to Action, Pal-grave MacMillan


Documents

· Web viewBegg, Fischer and Dornbusch, Economics, 9th Edition Hill, CWL, (2010), International Business, 8th Edition, McGraw-Hill/Irwin McDonald & Dearden, European Economic Integration,