Postgraduate Course: Business Economics and Management Science (CMSE11092)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | The objectives of the course are to give students both knowledge and understanding of selected key concepts in business economics and management science and the knowledge to understand when these concepts may be useful to make decisions. The basic skills to implement these techniques will also be developed.
The knowledge and skills developed in this course are essential for an understanding of very important factors which impinge substantially on business decisions and for making decisions to optimise profit when faced with particular constraints: the manager's basic problem. This knowledge and these skills are not taught elsewhere in the course and complement other courses. They will provide deeper understanding of some of the concepts discussed elsewhere and will develop particular ways of thinking and of analysing decisions which will complement those covered in other courses. |
| Course description |
Not entered
|
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary. |
Information for Visiting Students
| Pre-requisites | None |
Course Delivery Information
|
| Academic year 2014/15, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 20,
Seminar/Tutorial Hours 10,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
115 )
|
| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Assignment 30%
Exam 70% |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S1 (December) | Business Economics and Management Science | 2:00 | |
Learning Outcomes
KNOWLEDGE AND UNDERSTANDING
Building block Skills
On completion of the course students will have an understanding of
* the determinants of the demand for a product or service and of the costs of an enterprise
* the roles of competition and entry in determining prices
* the factors to be considered when managers decide on he vertical boundaries of an enterprise
* the role of model building methods in management decision making
* different types of management decision models and techniques available for their solution
* issues associated with the practical implementation of applying these problems to representative problems.
INTELLECTUAL SKILLS AND PERSONAL DEVELOPMENT
Cognitive skills
On completion of the course a student should be able to demonstrate that (s)he:
* can use certain economic principles to recommend decisions to managers;
* can apply relevant economic principles to certain decisions faced by mangers;
* has the ability to evaluate certain opposing economics ideas, approaches, methods and theories;
* can evaluate certain decisions that managers make in the light of economic principles and models;
* can appreciate the role of model building methods as an aid to management decision making;
* can identify situations in which model building methods can be applied in the management decision process.
Key skills
On completion of the assessed course work a student should be able to
* be able to demonstrate an ability to use certain numerical problem solving techniques to solve certain specific problems which managers face as taught in lectures;
* be able to demonstrate an ability to assemble literature to synthesise and evaluate economic thinking or to discover some primary information about organisations so as to apply economic ideas to decisions they make;
* be able to apply model building methods to relevant problems.
Subject specific /career skills
On completion of the course a student should be able to demonstrate the ability to:
* analyse the demand conditions, cost conditions, competitive conditions facing an organisation and the desirability of vertically intergating the organisation and the entry conditions into the industry;
* build and solve certain types of model;
* interpret the solution to a model.
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Additional Class Delivery Information |
The course is assessed in two forms. The first is a course assignment. You will be required to complete an assignment on either a Business Economics topic or on a Management Science topic. The mark attained for the assignment will have a weighting of 30% in the calculation of your overall mark for the course. The second form of assessment is a degree examination which will have a weighting of 70%. This is a two hour exam which will be divided into two sections. Section A will be on Business Economics and Section B will be on Management Science. Each Section will contain 3 questions. You will be asked to attempt one question from Section A, one question from Section B and one additional question from either Section A or from Section B. |
| Keywords | MGMT-BEMS |
Contacts
| Course organiser | Dr Daniel Black
Tel: (0131 6)51 1491
Email: Dan.Black@ed.ac.uk |
Course secretary | Mr Peter Newcombe
Tel: (0131 6)51 3013
Email: Peter.Newcombe@ed.ac.uk |
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