Module Catalogues, Xi'an Jiaotong-Liverpool University   
Module Code: ECO405
Module Title: Managing the Economic Context
Module Level: Level 4
Module Credits: 5.00
Academic Year: 2020/21
Semester: SEM2
Originating Department: International Business School Suzhou
Pre-requisites: N/A
Drawing from the disciplines of macro and micro economic, this module examines key issues concerning the nature and influences of the macro (local and international) and micro environments on managerial decision-making, the diversity of stakeholders, key supply chain relationships and the nature of customer behaviour in both consumer and industrial markets.
Learning outcomes 
Student completing the module successfully should be able to:

A Distinguish and measure categories of benefits and costs, the effect of government intervention and compare different market structures.

B Perform supply and demand analysis to analyze the impact of economic events on markets and firms.

C Analyze critically economic arguments using microeconomic modeling.

D Identify consumer behaviour and predict its interrelation with the firm.

E Determine GDP measures and appraise its components.

F Calculate, analyze and interpret different types of macroeconomic data to extract useful information for optimal decision-making.

G Understand the roles of national government as well as different regulatory bodies and international organizations on decision-taking in a global context.
Method of teaching and learning 
The module involves a blended teaching approach which combines in class lectures and seminars together with distance learning.
1.Supply and demand

2.Consumer choice and opportunity cost

3.Demand and elasticity

4.Production, inputs and costs

5.Output, price and profit: price discrimination

6.The firm and the industry under perfect completion

7.Monopoly and Monopolistic competition and other non-perfect competition

8.Introduction to Macroeconomics

9.Closed macroeconomics

10.Balance of payment

11.Open macroeconomics

12.Economic growth

13.Aggregated demand
14.Unemployment and inflation

15.Fiscal and monetary policy

16.Money and banking system

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total


Sequence Method % of Final Mark

Module Catalogue generated from SITS CUT-OFF: 8/16/2020 3:53:13 AM