ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | THEORY OF THE FIRM | ||
Code | ECON254 | ||
Coordinator |
Dr S Phythian-Adams Economics S.L.Phythian-Adams@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2019-20 | Level 5 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
26 |
5 |
31 | ||||
Timetable (if known) | |||||||
Private Study | 119 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Multiple choice question mid-term Assessment Type: Written Exam Duration: 45 minutes Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL P | 45 minutes | 30 | ||||
Assessment 2: Written Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Ap | 2 hours | 70 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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To 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. |
Learning Outcomes |
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(LO1) Apply the tools and concepts of microeconomics to analyse the behaviour of firms |
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(LO2) Explain how market structure influences the behaviour of firms and the levels of profit they can achieve |
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(LO3) Explain and evaluate the growth strategies used by firms |
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(LO4) Explain and evaluate alternative theories of firm behaviour |
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(LO5) Explain the influence of internal organisation on firm behaviour and performance. |
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(S1) Problem solving skills |
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(S2) Numeracy |
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(S3) Commercial awareness |
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(S4) communication skills |
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(S5) IT skills |
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(S6) international awareness |
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(S7) Ethical awareness |
Teaching and Learning Strategies |
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Teaching Method 1 - Lecture Teaching Method 2 - Workshop Self-Directed Learning Hours - 119 Costs Information: There are the following non-modular requirements: This module is a pre-requisite for the following modules: Skills/Other Attributes Mapping Skills / attributes: Ethical awareness Skills / attributes: international awareness Skills / attributes: IT skills Skills / attributes: communication skills Skills / attributes: Commercial awareness Skills / attributes: Numeracy Skills / attributes: Problem solving skills |
Syllabus |
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Introduction |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |