Learning Outcome

Upon completion of this unit, learners will be able to:

1. Acquire relevant knowledge on how economics decision can be made in managing and making management decision pertaining to price-output-cost behaviour of firms aimed at profit maximisation with or without government trade policies or other measures such as monetary and fiscal policies.
2. Analyse how the market determines both prices of final goods and services as well as prices/cost of factors of production.
3. Evaluate the limitations of the free market which lead to market failures and its impact on prices, efficiency of market operations and economic welfare and how the government can response to market failures.
4. Analyse how macroeconomic forces at work in an open economy determines the level of business economic activities including its impact on the equilibrium national income, economic growth, employment level, balance of payments as well as on the general price level.

Indicative Contents

• How markets work for determining prices of final goods and services as well as factors of production
• Market failures and the economics of the public sector
• Firm behavior and the organization of industry
• The determination of macro-economic variables
• National Income Determination
• International trade and balance of payments
• The trade cycles and economic activities fluctuations

Assessment

Assessment Weighting: 100% Coursework

Learning Outcome

Upon completion of this unit, learners will be able to:

1. Identify the differing nature of customer needs and wants within a chosen marketing environment;
2. Recognise the important role of market segmentation, pricing, targeting and positioning process in a firm’s sustained success;
3. Analyse the marketing environment; and
4. Understand the marketing planning process and marketing.

Indicative Contents

• Marketing Definition and Marketing Orientation.
• The Marketing Environment.
• Overview of Marketing Planning.
• Consumer Behaviour.
• Marketing Research and Information Systems.
• Market Segmentation, Targeting and Positioning.
• Introduction to Marketing Mix.
• Creating Customer Value.

Assessment

Assessment Weighting: 100% Coursework

Learning Outcome

Upon completion of this unit, learners will be able to:

1. Identify and differentiate the managerial functions;
2. Apply and use the concept of management functions; and
3. Analyse the environment and use it in management activities.

Indicative Contents

• Introduction to Management.
• Organisation and Environment.
• Foundation of Planning.
• Planning Tools.
• Organizational Structure and Design.
• Communication in Organisation.
• Leadership.
• Managerial Control.

Assessment

Assessment Weighting: 100% Coursework

Learning Outcome

Upon completion of this unit, learners will be able to:

1. Apply financial mathematics in calculating and preparing forecast relating to cash flow, working capital requirements to facilitate better decision making.
2. Evaluate financial investment and financing of assets alternatives and thereby help in minimizing the risk and maximizing the return.

Indicative Contents

• Mathematical Formula
• Basic Algebra
• Data Analysis and Presentation
• Correlation and Time Series
• Pearson’s correlation coefficient
• Business Computation
• Cash Flow, Working capital management and short term financing
• Sources of short term financing
• Cash and marketable securities management
• Accounts receivable management.

Assessment

Assessment Weighting: 100% Coursework

Learning Outcome

Upon completion of this unit, learners will be able to:

1. Communicate effectively and appropriately in formal letters, reports and other written texts;
2. Demonstrate strong oral language skills; and
3. Write concise, coherent and accurate business reports in business- appropriate Language.

Indicative Contents

• Students will be encouraged to apply their knowledge of language in a variety of formal and informal contexts. Importance will be attached to the development of an awareness of language (e.g.: accuracy, register and appropriateness) as well as functional language such as giving information, persuading and negotiating.
• Emphasis will be placed on developing students’ language skills within a business or professional framework. Activities will include structured role-plays, negotiations and discussions, listening to audio, video recordings and online communications.
• Students will also have the opportunity to examine and discuss a number of stimulating and relevant aspects of business and work, e.g.: equal opportunities, technology and the changing workplace, globalisation.

Assessment

Assessment Weighting: 100% Coursework

Learning Outcome

Upon completion of this unit, learners will be able to:

1. Apply the use of IT/IS applications to facilitate business process;

2. Identify the current technology trends and IT;

3. Help the organization to evaluate and purchase a new system that is high quality and consistent with business goals; and

4. Identify the needs of organizations in order to develop the information vision, IT architecture and strategic operational plans.

Indicative Contents

• Introduction: Business and Information Technology.
• Organizations and Information Technology Support.
• Managing Organizational Data and Information.
• Functional and Enterprise System.
• Strategic Information Systems and Reorganization.
• Implementing IT: Ethics, Impacts and Security

Assessment

Assessment Weighting: 100% Coursework

Learning Outcome

Upon completion of this unit, learners will be able to:

1. Identify the main sources of commercial/ business law in which behavior within society is regulated;

2. Understand the meaning and applications of the different provisions of the law of contract in business transactions including standard and exemption clauses, conditions and warranties, remedies and breaches of contract;
   Identify relevant employment law provision which governs the employer and employee relationships;

3. Application of the appropriate laws relating to the financing and management of companies limited by shares

Indicative Contents

• Introduction to the Concept and Sources of Law

• Offer and Acceptance

• Consideration

• Other Essentials of a Contract

• Contents of a Contract

• Void, Voidable and Unlawful Contracts

• Discharge or Contracts

• Employment Law

• Company Administration

• Finance and Management of companies

Assessment

Assessment Weighting: 100% Coursework