Industrial Economics I: Economics of Organisation and Innovation

Code

BUSI2180

School

Nottingham University Business School China

Level

2

Credits

20

Semesters

Autumn China

Summary

PRE-REQUISITE   

Please note that for this module, the following pre-requisites apply:

       BUSI1114 Business Economics

OR BUSI1115 Economic Principles

OR BUSI1117 Introduction to Economics

(Please ignore    Requisites: N/A     below)

Re-assessment format is decided by the school.

The aim of the module is to introduce students to the theoretical building blocks for the economic analysis of organisations and innovation from a variety of perspectives, as well as the application of theories toward understanding issues in the subject areas, covering topics such as organisational architecture, reward systems, performance measurement, various types of innovation, intellectual property and standards, economics of networks, innovation clusters and policy-related issues etc.

Target Students

Available to all students with the appropriate pre-requisites

Classes

• One 1-hour tutorial each week for 4 weeks
• Two 1-hour-30-minute lectures each week for 11 weeks

Assessment

• 50% Coursework 1: 2500 words individual essay
• 50% Exam 1 (1-hour-30-minute): one 1.5-hour exam

Assessed by end of autumn semester

Educational Aims

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 management of resources.
• Taking innovative business ideas to create new products, services or organisations including the identification of Intellectual Property and appreciation of its value.
• The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
• Economic principles and tools addressing the microeconomic issues of decision and choice

Other: (amended from 2017/18 module specs for Bus Econ and CEP)

• Economic policy with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
• Ability to apply core economic theory and economic reasoning to applied topics.

Intellectual skills:

This module develops:

• The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
• Conceptual and critical thinking, analysis, synthesis and evaluation.

Transferable (key) skills:

This module develops:

• Subject-specific transferable skills including analysis and problem-framing

Conveners

• Dr Qing-Ping Ma