Firm Strategy and Internationalisation
| Code | School | Level | Credits | Semesters |
| BUSI2174 | Business | 2 | 20 | Spring UK |
- Code
- BUSI2174
- School
- Business
- Level
- 2
- Credits
- 20
- Semesters
- Spring UK
Summary
The aim of the module is to introduce students to the economic view of firms, highlighting the implications for firms' decisions in closed and open economies.
The module intends to cover topics such as agency theory, transaction cost economics, integration, international trade and foreign direct investment.
Target Students
Available to Part I and Part II undergraduate Business School students, who are studying/have studied BUSI1095/BUSI1117/BUSI1107 (Introduction to Economics), BUSI1097/BUSI1115/BUSI1106 (Economic Principles) OR BUSI1100/BUSI1114 (Business Economics). Also available to Exchangestudents.
Co-requisites
Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:
- Business Economics (BUSI1114)
- Economic Principles (BUSI1115)
- Introduction to Economics (BUSI1117)
- Introduction to Economics (BUSI1095)
- Economic Principles (BUSI1097)
Classes
- One 1-hour tutorial each week for 3 weeks
- One 1-hour-30-minute lecture each week for 23 weeks
23 x 1.5 hour lectures 3 x 1-hour tutorials
Assessment
- 25% Presentation: Group presentation. Reassessment is a centrally timetabled exam (100%).
- 75% Exam (2-hour): Exam. Reassessment is a centrally timetabled exam (100%).
Assessed by end of spring semester
Educational Aims
To introduce students to the economic view of firms, highlighting the implications for firms' decisions in closed and open economies.Learning Outcomes
Knowledge and Understanding: This module develops a knowledge and understanding of:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.
- Economic principles and tools addressing the microeconomic issue of interdependency of markets.
- Economic principles and tools addressing the microeconomic issue of the relationships between principles and agents.
- Have the ability to discuss and analyse government policy and to evaluate the performance of the UK and other economies, past and present.
- Ability to apply core economic theory and economic reasoning to applied topics.
Intellectual Skills: This module develops:
- The ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy and to use that research for evidence based decision making.
- Conceptual and critical thinking, analysis, synthesis and evaluation.
Professional practical skills: This module develops:
- Self-analysis and awareness/sensitivity to diversity in terms of people and cultures. This includes a continuing appetite for development.
Transferable (key) skills: This module develops:
- An awareness of the interpersonal skills of effective listening, negotiating, persuasion and presentation and their use in generating business contacts.
- Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.
- Articulating and effectively explaining information.