This booklet contains a list of all the modules that are likely to ..., Exams of Business Economics

Download This booklet contains a list of all the modules that are likely to ... and more Exams Business Economics in PDF only on Docsity! This booklet contains a list of all the modules that are likely to be available to visiting exchange students studying at the University of Liverpool Management School for 2018-2019. It contains information about the broad aims of each module, the level at which the module is set and details of any pre-requisite study that a student should have completed before applying to undertake a particular module. Visiting exchange students cannot take Level One modules and must select modules from Level Two and Level Three; however, students from Copenhagen Business School are eligible to take MKIB153 Fundamentals of Marketing. Students should take a maximum credit load of 60 University of Liverpool credits per semester (30 ECTS credits). Each module is equivalent to 15 University of Liverpool credits (7.5 ECTS credits) so students usually take 4 modules. The minimum credit load per semester is 45 University of Liverpool credits (usually 3 modules). Students are encouraged to select and be pre-approved for more than the 60 credit maximum so that any timetable clashes can be dealt with quickly. If students wish to change modules, they can do so in the first two weeks of each semester but must seek additional approval from their home institution. All modules are at undergraduate level. Postgraduate modules are not available to visiting students. It is vital that students have completed the necessary pre-requisite study for each module that they apply for, otherwise they may find the modules difficult when they arrive. If the student’s transcript does not suggest they have completed the appropriate pre-requisites, they will not be allowed to take that module or will be contacted for further information or an alternative will be suggested. Only students who are majoring in business related subjects at their home University are able to take four modules per semester with the Management School. Students who are not majoring in a business related subject will only be able to select up to two modules per semester from the Management School. Students should also have an English language ability equivalent to IELTS 6.5 / TOEFL 570 in order to undertake modules in the Management School. Although the Management School will endeavour to ensure that all the modules listed will be offered during the academic year, it cannot guarantee that they will all be available. Students should be aware that the scheduling of the lecture timetables, which is confirmed at the beginning of September, may also prevent them from taking certain modules. Should any modules be unavailable, students will have the opportunity to register for alternative modules in the first two weeks of the semester. If you have any queries about the modules listed in this booklet, please contact the Management School’s Study Abroad Officer, John Green at John.Green2@liverpool.ac.uk and he will be happy to help you. SPECIALIST ACCOUNTING MODULES – SEMESTER ONE Please note that these modules are most appropriate for students majoring in accounting and finance at their home university, subject to having completed the pre- requisite study. Code Title Level Descriptor Pre-Requisite Study ACFI201 Financial Reporting 1 2 The module introduces students to regulatory reporting requirements for companies in the UK by covering key elements of international accounting standards. An understanding of the underlying principles and concepts of financial accounting, and technical proficiency in the use of accounting techniques (e.g., double entry accounting, preparation of financial statements) ACFI204 Financial Management 2 An introduction to the modern theory of finance, including such topics as portfolio theory, efficient markets, company dividend decisions and capital structures. Level one study of management accounting and/or finance concepts and principles. Students should have studied quantitative methods to level one. ACFI210 Audit and Assurance 2 An examination of the regulatory framework within which statutory audit in the UK operates, including consideration of key elements of international auditing. An understanding of the underlying principles and concepts of financial accounting, and technical proficiency in the use of accounting techniques (e.g., double entry accounting, preparation of financial statements). ACFI213 Corporate financial Management for non- specialist students 2 The module aims to introduce students to the modern theory of finance and financial management. Theoretical concepts like the net present value, decision making under uncertainty, dividend valuation, bond pricing, portfolio theory, asset pricing, futures and options are introduced. In all cases numerical examples, using real market data. An understanding of the basic finance concepts and principles of financial accounting. Students should also have studied quantitative methods to level one. ACFI304 Business Finance 3 The module aims to provide students with a fundamental understanding of the core theoretical and empirical aspects involved in corporate finance. An understanding of the modern theory of finance and financial management, including concepts such as capital asset pricing and portfolio management. ACFI307 Management Accounting for Business 3 The module aims to provide students with an overall understanding of the various techniques and practices utilised by management accountants within the function of business management. An understanding of the structure and contents of the key financial statements of business organisations. ECON227 Microeconomics for Business Economics 2 Students will be able to understand how to analyse individual consumption behaviour and understand the implications of profit maximisation for firms. Students will be able to combine the knowledge of consumption and production behaviour to provide a general equilibrium analysis of economic activities. An understanding of the application of mathematics to economics, management and accounting. Previous study of microeconomics is necessary. This module cannot be taken with ECON221. ECON250 Alternative Perspectives in Economics 2 This module aims to provide a historical and methodological basis for understanding modern economic theory. Students will learn to differentiate between and analyse the approach to subject matter adopted by different schools of thought. Students must have completed introductory modules in microeconomics and macroeconomics. ECON251 Behavioural Economics 2 This module introduces students to behavioural economics, its methods and its perspectives, and provides an understanding of how it has contributed to economics as a social science. Students must have completed an introductory module in Microeconomics and have an understanding of mathematics and statistics and their application to the study of economics. ECON308 Quantitative Financial Economics 3 This module provides a broad introduction to essential topics in modern financial economics, which crucially includes decision-making under uncertainty, portfolio selection, pricing financial assets and state contingent claims, and forecasting asset returns and volatility from historical data. Students must have studied basic econometrics and mathematics for economics. ECON309 Financial crises and Defaults 3 Students will be introduced to the theoretical arguments and empirical evidence related to financial crises and defaults. The module will look at issues such as Brexit, Grexit and the European debt crisis. Students should have completed modules in intermediate macroeconomics and management economics. ECON312 Methods of Economics Investigation 2: Microeconometrics 3 This module covers typical topics such as binary choice models including logit and probit models, count data models which is widely used to deal with integer variables as well as panel data models. The module will develop applied research skills, including the ability to analyse data using appropriate econometric techniques and bespoke software. Students must have studied basic econometrics. ECON322 Game Theoretical Approaches to Microeconomics 3 This module provides an introduction to game theory. Students must have an understanding of mathematics and statistics and their application to the study of economics. ECON325 International Political Economy 3 This module covers rational and public choice theories and arguments, their applications in open economies and international political economy; theoretical concepts such as the Coase theorem, the Arrow impossibility theorem, economic populism; key concepts of the New Institutional Economics and related applications to the theory of the firm; a modern economics’ view of globalisation; and the application of international political economy concepts to Latin America. Students are expected to have previously study intermediate level microeconomics, macroeconomics, and statistics / econometrics. ECON342 Advanced Microeconomics 3 This module aims to provide an understanding of the market failure resulting from asymmetric information. The course covers some of the canonical models of adverse selection and moral hazard focussing on the design of optimal contracts under informational asymmetries. Students must have studied introductory and intermediate microeconomics. ECON360 Law and Economics 3 This module shows students how they can apply the tools of economic analysis to understand the basic structure and function of the law. It looks at common law areas such as torts, contracts and property along with a discussion of the litigation process, the economics of crime and antitrust law. Students must have studied intermediate microeconomics and macroeconomics. ECON362 Economics of Arts 7 Cultural Industries 3 This module aims to provide an historical and methodological basis for understanding the economics of Arts & Cultural industries and will look in depth at a variety of industries, such as arts, music, broadcasting and others to explore the application of economic theory in ‘non-standard’ markets (i.e. markets where neoclassical microeconomic assumptions may not hold). Students must have an understanding of major principles of microeconomics including consumer theory, producer theory, and general equilibrium. NON-SPECIALIST ECONOMICS MODULES – SEMESTER ONE Please note that these modules are appropriate for students taking business-related programmes at their home university, as well as those studying economics programmes, subject to having completed the pre-requisite study. Code Title Level Descriptor Pre-Requisite Study ECON233 Management Economics 1 2 The module provides an introduction to the rational decision-making process used to make business decisions. It introduces the students to the quantitative and analytical tools that managers use to make complex decisions. Must have completed an introductory microeconomics module and have experience of Mathematics / statistics ECON254 Theory of the Firm 2 This module will equip students with the knowledge and skills necessary to understand and evaluate the internal and external factors that influence the strategic decisions made by business organisations. The module will support the analysis of the operation of business organisations within national and international markets. None. This module cannot be taken with ECON221, ECON223 or ECON233. ECON307 Issues in Development Finance 3 This module will enable students to develop a critical understanding of issues and recent developments in the area of finance for development. This may include, for example, the impact of overseas development assistance, the role of the IMF and World Bank, Microfinance and Islamic Finance. Students must have completed studies equivalent to ECON254 or ECON221. ECON333 Industrial Organisation 3 Students will apply the tools of microeconomics to the analysis of firms, markets and industries in order to understand the nature and consequences of the process of competition. These tools will also be applied to the evaluation of relevant government policy. Students must have completed studies equivalent to the Management School’s module ECON227. A knowledge of management economics is also helpful. ECON335 International Trade 3 This module aims to develop a good understanding of the main trade theories, their assumptions, implications, applications and limitations, and provide essential skills to students to engage in an analytical discussion of the impact of trade patterns, trade policies of government, foreign direct investment and World Trade Organisation on the economies of both developing and developed countries. Students must have studied management economics and basic microeconomics before taking this module. ECON354 International Economic Relations 3 This module considers the nature and determinants of the pattern of world trade and financial, capital and labour flows, and analyses these in the context of key issues in international economic relations. Students must have completed studies equivalent to the Management School’s module ECON254. This module is usually taken by students majoring in Business. GENERAL MANAGEMENT – SEMESTER ONE Code Title Level Descriptor Pre-Requisite Study MKIB337 Tourism 3 The aim of this module is to provide a coherent framework through which the structure, management and organisation of the Tourism Industry can be understood and the nature of tourism demand explained. None MKIB367 Events Management 3 The module provides students with a critical understanding of events management. Students must have studied an introductory marketing module. MKIB202 Branding 2 The module aims to provide students with the knowledge and skills required to design, launch and manage a brand. Students must have an understanding of the theory of consumer behaviour and marketing practice. PHIL271 Business Ethics 2 This module deals with business ethics and the social responsibility of business organizations. It is designed to inform decision-making about ethical challenges arising in business. None ACFI320 Corporate Governance 3 The module aims to provide students with an understanding of the history and development of corporate governance and the key principles and systems that underpin corporate governance today. It also provides the opportunity to assess the practical application of corporate governance systems across major international organisations. Students should have studied modules in accounting or management economics prior to taking this module. ACFI321 Capital Markets 3 Capital Markets provides a comprehensive introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our financial system. Students should have studied financial management prior to taking this module. ACFI322 Football Financial reporting, Analysis and Valuation 3 This module aims to give students an understanding of how financial transactions have an impact on football clubs, and the integration of finance into the success or otherwise of clubs. The module will attract students with an interest in the sport and provide them with an insight into how financial metrics in relation to clubs can be produced, and the valuation techniques used by investors when buying and selling clubs Students should have studied an introductory module in finance and accounting. ACFI342 Financial Risk Management 3 This module covers both the internal aspects of financial institutions and the external factors that affect the investment arena and modern financial markets in general. Students should have studied a module equivalent to the Management School's ACFI304 Business Finance. SPECIALIST ECONOMICS MODULES – SEMESTER TWO Please note that these modules are most appropriate for students majoring in Economics at their home university, subject to having completed the pre-requisite study. Code Title Level Descriptor Pre-Requisite Study ECON211 Mathematical Economics 2 2 An introduction to the use of mathematical models in the study of economics. An understanding of mathematics and statistics and their application to the study of economics. ECON213 Basic Econometrics 2 2 This module builds on students' existing study of econometrics by extending the treatment of regression to the multiple regression model. Students must have studied an Econometrics syllabus similar to ECON212. ECON222 Microeconomics 2 2 This module builds on the theoretical foundations developed in students' previous studies of microeconomics and extends the application of the skills acquired to more advanced topics like welfare economics. It introduces topics such as asymmetric information and game theory. Students must have studied the areas covered in ECON221 Microeconomics 1 or ECON227 Microeconomics for Business Economics before taking this module. ECON224 Macroeconomics 2 2 This module extends students' previous study of macroeconomic theory at the intermediate level by providing a comprehensive introduction to the central tenets underlying, and the policy implications of, the monetarist, new classical and new Keynesian schools of macroeconomic thought. Students must have studied the areas covered in ECON223 Macroeconomics 1 before taking this module. ECON234 Management Economics 2 2 The module introduces students to the different economic approaches to the study of organisations. It also shows how economics can be applied to strategic management, mergers and acquisitions and corporate governance. Students must have studied the areas covered in ECON233 Management Economics 1 before taking this module. ECON241 Securities Markets 2 This module will develop students' understanding of the role of securities markets in the economy. Students will also be able to understand and apply appropriate economic theory to market organisation and develop an understanding of the usefulness of portfolio theory and the approaches to the valuation of financial assets. Students must previously have taken an introductory module in microeconomics, macroeconomics or finance. ECON306 Economics of Developing Countries 3 This is an introductory module to the economics of international development. It introduces students to conceptual and methodological issues within international development and provides a solid grounding in various models of economic growth and development. Students must have studied basic and intermediate micro and macroeconomics. ECON311 Methods of Economic Investigation 1: Time Series Econometrics 3 The aim of this module is to give students an understanding of econometric time-series methodology. Areas covered include volatility models of financial time-series, and multivariate (multiple equation) models such as vector error correction and related cointegrating error correction models. Students must previously have studied an econometrics module equivalent to ECON212 Basic Econometrics 1. ECON326 Health Economics 3 This module provides an introduction to the basic principles and tools of health economics. It offers an overview of issues such as demand and supply for healthcare, equality and inequality, health care financing and health insurance. Students must have an understanding of mathematics and statistics and their application to the study of economics and must previously have studied intermediate microeconomics. ECON343 Advanced Macroeconomics 3 Students will build on their existing macroeconomic knowledge by considering the political economy perspective of macroeconomic processes and taking an in-depth look at the Solow growth model. The module will also consider alternative views of the business cycle and look at the role of exchange rates and commodity prices. Students must have studied intermediate macroeconomics before taking this module. It is normally taken by students majoring in Economics. GENERAL MANAGEMENT – SEMESTER TWO Code Title Level Descriptor Pre-Requisite Study ULMS202 Business and Employment Law 2 A module to introduce students to the impact the law of England and Wales on business. Contract law, tort, employment law, discrimination and intellectual property are the main areas of focus. Students must have studied an introductory module in management and also an introductory module in human resource management. ULMS205 Government and Business 2 An introduction to the issues concerning the interaction of business with government, including regulation of business, support for business and the role of business in the governing process. None ULMS230 Fundraising Management 2 A critical analysis of the fundraising methods available to not-for-profit organisations. Students will have the opportunity to develop work-related skills including bid writing, event organisation, volunteer management and fundraising strategies. None ULMS353 Strategic Management and Business Policy 3 The first part of the module provides an overview of perspectives and explains the centrality of strategic purpose. The second part is about strategic analysis and covers strategic objectives, and the analysis of the external and internal environments. The third part covers business, corporate, and global levels of strategy. Students must have studied an introductory module to management. ULMS370 The Football Business 2 Students will develop their knowledge and understanding of the key issues surrounding the contemporary football business and associated industries; students will apply their knowledge of economics, business and management to the football industry. None PHIL270 Business Ethics (semester two) 2 This module deals with business ethics and the social responsibility of business organizations. It is designed to inform decision-making about ethical challenges arising in business. None HUMAN RESOURCE MANAGEMENT MODULES – SEMESTER TWO Code Title Level Descriptor Pre-Requisite Study ULMS266 Leadership and Performance Management 2 The module aims to introduce students to the theoretical perspectives, roles, and practical activities associated with Leadership both in contemporary organisations and in the historical context. Students must have studied an introductory module in human resource management equivalent to ULMS157. ULMS268 Identity, Culture and Organisation 2 The module aims to provide students with the opportunity to study in-depth the relationship between employees’ and managers’ sense of self and their understandings of, and behaviours in, organisational environments. The module also examines recent developments such as virtual identities and the blurring of boundaries between the public and private realms. None