| CODE | MGT2340 | ||||||
| TITLE | Organisations in the Economy | ||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||
| MQF LEVEL | 5 | ||||||
| ECTS CREDITS | 4 | ||||||
| DEPARTMENT | Business and Enterprise Management | ||||||
| DESCRIPTION | This study-unit introduces students to the economic context in which managers and their organisations operate. Managers have a special role within organisations by virtue of their ability to structure the way the organisation is designed and work is organised, to position their organisations in a changing economic and social landscape, and to develop organisational capabilities to profit from new opportunities. The study-unit enables students to acquire an understanding on this economic context and to form a critical understanding of how economics impacts business success. Areas covered include macro-economic and micro-economic issues in relation to organisational success, role of government, the banking system, and international trade. Study-unit Aims: The aim of this study-unit is to introduce students to the relevance of analyzing the economic external environment of an organisation when conducting managerial decision making. Students will learn how different market economies operate, and what roles are played by consumers, governments and other firms. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Understand how economic factors impinge on organisational success; - Recognize the economic constraints which affect management decisions; - Recognize the different economic types of market structure within which businesses operates. 2. Skills: By the end of the study-unit the student will be able to: - Constructively assess the role that an organization plays in a specific economic environment; - Demonstrate the ability to identify key economic variables, understand how they are measured and analyze their possible impacts on business activity; - Apply economic principles to actual business situations in various contexts. Main Text/s and any supplementary readings: - Douma, S.; Schreuder, H. (2008) Economic Approaches to Organizations. FT Prentice Hall. - Bowles, S. (2004) Microeconomics: Behavior, Institutions and Evolution. Princeton University Press. - Farnham, P.G. (2005) Economics for Managers, Prentice Hall. |
||||||
| STUDY-UNIT TYPE | Lecture | ||||||
| METHOD OF ASSESSMENT |
|
||||||
| LECTURER/S | Ernest Azzopardi |
||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
|||||||