Business Management with a Year in Industry BA (Hons)

The first year aims to introduce students both to the problems of business in the modern world and to the subjects that will help in understanding and solving these problems. The core modules introduce students to the economic context of business, to key quantitative techniques and to Accounting and Finance. In addition, students study the organisational and behavioural context of business and develop their IT skills.

• Introduction To Accounting and Finance (non-specialist) (ACFI107) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 100:0 Aims
• A framework to allow understanding of the structure and contents of the key financial statements of business organisations;

  1. ​ An understanding of the basic principles of financial accounting;

  2. ​ An understanding of the basic techniques of preparation of such statements;

  3. ​ The ability to analyse firm performance and position using financial ratios;

  4. ​ An understanding of basic costing techniques in order to facilitate managerial decision-making;

  5. ​ Comprehension of the role and structure of budgets in an organisation;

  6. ​ The ability to apply various investment appraisal techniques in order to make capital investment decisions.

  Learning Outcomes

  explain the nature and roles of accounting and finance;

  ​ identify the main users of accounting and discuss their needs;

  ​ distinguish between financial and management accounting;

  ​ explain the nature and purpose of the three major financial statements;

  ​ prepare simple balance sheets, cashflow statements and profit and loss accounts from relevant financial information;

  ​ use ratios to analyse the financial performance and position of a business;

  ​ explain the relationship between costs, volume and profit and conduct break-even analysis;

  ​ deduce the full cost of a unit of output in a single-product environment;

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  7. define a budget and show how budgets, corporate objectives and long-term plans are related;
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  ​ construct simple budget from relevant information

  
  

  ​ identify and apply the four main investment appraisal methods used in practice.

  9. Principles In Operations Management (EBUS102) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 0:100 Aims

     The aim of the module is to provide a study of the key principles, systems and techniques used to assure effective operations management. The module covers an extensive range of subjects including demand management, quality management, people management and production management. The aims are to enable the student to:

     Understand the role of operations management in manufacturing and service organisations

     Understand and apply a range of tools and techniques relevant to the effective management of operations

     Have an introductory understanding of the principles of operations management.

     Learning Outcomes

     Understand and applya range of tools and techniques relevant to the effective management ofoperations

     Have an introductoryunderstanding of the principles of operations management ​

     ​ Theprocess of tackling written assignments

  10. Economic Principles for Business and Markets (ECON127) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 80:20 Aims

      1. To en able students to demonstrate an understanding of the core principles of microeconomics including:

         • The dynamic nature of supply and demand
         • The efficient opperation of markets and when they fail
         • How firms reach output decisions, interact and attain levels of profit under different market conditions

      2. ​To enable students to demonstrate an understanding of the core principles of macroeconomics including:

         • The aggregation of demand and supply in the economy to measure an economy''s output;
         • The business cycle and behaviour and interaction of the big macroeconomic indicators: Growth; Unemployment; Inflation; Balance of payments & Exchange rates;
      3. To enable students to demonstrate an understanding of the global economic environment

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      4. ​To enable students to understand the impact of modern economics on day-to-day business operations

      Learning Outcomes An understanding of the central economic problem (scarcity) and the nature of economics;

      ​An understanding of how the market price of goods and services is determined by supply and demand and how markets respond to changes in circumstances, measures of responsiveness and price control;

      ​An understanding of how firms’ costs of production and revenue are considered to find points of profit maximisation;

       

      ​An understanding of different Market environments – Specified by degree of competition in industries (perfect competition, monopoly, monopolistic competition, oligopoly); as well as strategic interactions arising such as game theory and price discrimination;

      ​An understanding of why markets fail to achieve social efficiency;

      ​ An understanding of the theory of the whole economy 1 (macroeconomic objectives; the national income);

      An understanding of the theory of the whole economy 2 (aggregate supply and demand, short-term fluctuations, economic growth); ​ An understanding of the global economy, the gains from international trade as well as the arguments for restricting trade.
  11. Business Statistics (ECON154) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 75:25 Aims The purpose of themodule is to provide an introduction to business statistics for thenon-specialist.  The course aims toprovide a broad understanding of the nature of variability and why it is anissue for managers.  It will also providestudents with the ability to derive and understand a variety of graphs andstatistics which can be produced in Excel and which provide a means formanagers to make intelligent use of statistics in the process of management anddecision-making.
      Learning Outcomes Explainthe nature of variability and why it is important for managers
      

      ​ Describeand analyze data using graphs and summary statistics

      Explain basic principles of sampling and apply them to management contexts

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      ​ Model data using standard probability distributions

      Describe and analyze attribute data

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      Explain the nature of random sampling error and the need to place a margin of error around estimates

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      Calculate a margin of error to place confidence limits on estimates

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      ​ Explain and interpret control charts and propose appropriate improvement strategies

      Analyze the relationship between quantitative variables using simple regression and correlation techniques

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  12. Fundamentals of Marketing (MKIB153) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 50:50 Aims

      The aim of this module is to provide a grounded appreciation of the utility and universality of a marketing orientation as the process by which organisations align themselves to their operating environment, customers/stakeholders and markets

      Learning Outcomes

      understand the nature of the marketing environment and its relevance for the organisation and marketing practice
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  ​ specifically, to be able to undertake an analysis of customer and competitive environments

  ​ understand the fundamental philosophy of marketing and its application in both business and not-for-profit organisations

  ​ identify and be able to apply key marketing concepts to aid marketing and business decisions

  ​ be able to demonstrate an understanding of the pratical aspects and processes of marketing

  14. Organisations and Management (ULMS151) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 60:40 Aims

      The module aims to provide a comprehensive foundation to the study of management theory and its application in practice. It seeks to consider the conceptual frameworks relevant to the behaviour of individuals and groups in organisations, and the issues which are raised in their management.

      Learning Outcomes Toidentify relevant characteristics of organisations in termsof structure, 

      functions, technology and work patterns

      ​Considerthe nature of differences between individuals andthe implications this has in organisation
      Tooutline and evaluate theoretical approaches to motivation,job satisfaction

      and work design

      Todistinguish between management and leadership functionsin organisations

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      ​Toexamine the role and functions of groups and teams inorganisations

  15. Placement Preparation Module (ULMS170) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 0:100 Aims

      This module aims to prepare students for a year in industry by providing them with the skills required to secure a work placement and to gain the most from their placement experience.

      Learning Outcomes Critically reflect on and evaluate their skills in relation to prospective employers’ requirements and identify their development needs;

      ​ Research career opportunities relevant to their degree specialism in relation to their own career aspirations using a range of media and approaches;