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ECON20230

Academic Year 2024/2025

Economics, Organisation and Management (ECON20230)

Subject:
Economics
College:
Social Sciences & Law
School:
Economics
Level:
2 (Intermediate)
Credits:
5
Module Coordinator:
Dr Sarah Parlane
Trimester:
Spring
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

This module deals with firms and organization and intends to analyze them in their complexity. It relies on rigorous economic theory to derive the principles that are at work. Students will get a better understanding of key economics concepts and variables that play an essential role in securing an efficient production and exchange.

About this Module

Learning Outcomes:

The modules should lead students to get a better understanding of
-The importance of organization
-The concept of efficiency
-The role of prices
-The factors that affect motivation
-The importance of property rights

Indicative Module Content:

1-Does organization matter?
2-Economic organizations and efficiency
3-Using prices for coordination and motivation
4-Bounded rationality and private information
5-Moral hazard and performance incentives
6-Risk sharing and incentives
7-Rents and efficiency
8-Property rights
9-Compensation and motivation

Student Effort Hours:
Student Effort Type Hours
Autonomous Student Learning

80
Lectures

24
Practical

12
Online Learning

10
Total

126

Approaches to Teaching and Learning:
The module is mostly taught using a problem based learning approach.
All of the concepts that are introduced in class are illustrated using exercises.

The module is mostly taught using a problem based learning approach.
All of the concepts that are introduced in class are illustrated using exercises.

Students can use AI when studying and revising should they feel it enhances their understanding of the concepts explained in class.

Use of AI is not permitted in the MCQ assessment. Should you use AI to generate answers in online MCQs, it will be considered academic misconduct.

Note: a reliance on AI to solve exercises and answer quiz questions will not be useful as all of the questions are not copied from existing sources so that an AI is unlikely to come up with the correct answer.

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 

Assessment Strategy
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Exam (In-person): End of term examination End of trimester
Duration:
2 hr(s)
 Alternative linear conversion grade scale 40% No
60
 No
Quizzes/Short Exercises: Four one hour quizzes throughout the term Week 4, Week 7, Week 11, Week 15 Alternative linear conversion grade scale 40% No
40
 No

Carry forward of passed components
No
 

Resit In Terminal Exam
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

Students will be given detailed correction of all examinations and an opportunity to discuss their submissions.

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
Spring Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 30, 31, 32, 33 Fri 11:00 - 11:50
Spring Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Tues 12:00 - 12:50
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