Module Catalogues, Xi'an Jiaotong-Liverpool University   
Module Code: ECO104
Module Title: Economic Principles for Business and Markets
Module Level: Level 1
Module Credits: 5.00
Academic Year: 2020/21
Semester: SEM2
Originating Department: Department of Economics
Pre-requisites: N/A
The aim of this module is to demonstrate to students, via topical arguments of relevance to business students, how modern economics can illuminate the problems that businesses (both national and international) face on a day-to-day basis.
Learning outcomes 
A. Demonstrate understanding of the processes and methods by which individuals, companies and transnational corporations manage the allocation of resources in both domestic and international contexts.

B. Demonstrate understanding of how companies respond to macroeconomic forces in the global economy.

Method of teaching and learning 
This module will be delivered via a combination of lectures and seminars. Lectures will be designed to provide essential information and introduce students to the basic tools of analysis. A programme of tutorials will provide students with a learning opportunity designed to extend the material introduced in the lectures, through the in-depth analysis of a selection of specific real-life problems faced by individuals and businesses, in the context of both the national and international economies.
1 Consumers in the market place

2 Producers in the market place

3 Markets in action and market failure

4 Market structure and the performance of firms

5 Games, strategy and rivalry

6 The state and business

7 The macroeconomic environment

8 The roles of industrial and other policies, business and the environment

9 Banks and other financial institutions

10 Investment decisions

11 Foreign trade and globalisation

12 Capital flows and foreign investment

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26    12      112  150 


Sequence Method % of Final Mark
1 Final Exam 85.00
2 Midterm Exam 15.00

Module Catalogue generated from SITS CUT-OFF: 12/2/2020 4:37:15 AM