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BU5021: BUSINESS ECONOMICS (2021-2022)

Last modified: 31 May 2022 13:05


Course Overview

This course focuses on the economics of business allowing students to understand the economics that underlie a whole host of business issues. The course will cover the functioning of markets, consumer behaviour, pricing, production and costing problems, monopoly and the business implications of inflation, economic growth and economic policy.

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Nikolaos Vlassis

What courses & programmes must have been taken before this course?

  • One of Master of Business Administration (P/T) (Studied) or Master of Business Administration (Studied) or Master of Business Administration (Human Resource Man't) (Studied) or MSc In International Business And Finance (Studied) or Master of Business Administration in Finance (Studied) or Master Of Business Administration In Business Analytics (Studied) or Master of Letters in Art and Business (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

The aim of this course is to introduce students to the key concepts of macroeconomics relevant to international business. These include analysis of product, money and foreign exchange markets, labour market issues, unemployment, inflation and economic growth. Students will develop the basic quantitative and modelling techniques required by managers, and an appreciation of national and international policy contexts within which to apply these. They will apply numeracy, problem-solving and modelling skills and computing techniques to a variety of common situations in macroeconomics.


Details, including assessment, may be subject to change until 31 July 2022 for 1st half-session courses and 23 December 2022 for 2nd half-session courses.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Seminar during University weeks 18, 20
  • 5 Seminars during University weeks 19, 19

More Information about Week Numbers


Details, including assessment, may be subject to change until 31 July 2022 for 1st half-session courses and 23 December 2022 for 2nd half-session courses.

Summative Assessments

Alternative Assessment

1 x MCQ Test 1 (10%)

1 x MCQ Test 2 (20%)

1 x 1500-word Essay (70%)

Alternative Resit Assessment

1,500-word Essay (100%)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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