Economics for Business 2 - BUSN7950

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2024 to 2025
Autumn Term 5 15 (7.5) Zarak Mirza checkmark-circle


Business is more international than ever, crossing cultures and borders across the globe. Through the study of macroeconomics you'll learn how to interpret macroeconomic trends, forecast the movement of the economy and understand the importance of international trade. Equipped with advanced tools of analysis, you will skilfully interpret the ever-changing world economy and become an effective decision maker across pricing, production and investment.


Contact hours

Private study hours: 117
Total contact hours: 33
Total study hours: 150

Method of assessment

Main assessment methods
VLE Test 1 (20%)
VLE Test 2 (20%)
Individual Essay, 2000 words (60%)

Reassessment methods
100% Coursework - Essay, 2000 words

Indicative reading

See the library reading list for this module (Medway)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
1. Demonstrate knowledge of the core principles of macroeconomics and a critical understanding of their development, including an appreciation of competing theoretical perspectives.
2. Evaluate the effect of the prevailing macroeconomic environment on business decisions, behaviour and performance and offer critical interpretation on how competing theories may interpret the outcomes differently.
3. Interpret macroeconomic data by applying statistical techniques to develop well-structured lines of economic argument, offering critical comment on the arguments of others.
4. Demonstrate knowledge and critical understanding of the economic global context facing businesses.

The intended generic learning outcomes.
On successfully completing the module students will be able to:
1. Retrieve information from a variety of sources and undertake basic statistical analysis.
2. Undertake independent and self-managed learning.
3. Draw on social science concepts and theories in decision-making situations.
4. Demonstrate ability to communicate information, ideas and solutions effectively.


  1. Credit level 5. Intermediate level module usually taken in Stage 2 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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