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Module details

IA104-3-FY: INTRODUCTION TO BUSINESS MANAGEMENT

Year: 2014/15
Department: International Academy
Essex credit: 30
ECTS credit: 15
Available to Study Abroad / Exchange Students: No
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No

Staff
Supervisor: Imran Butt  
Teaching Staff: Imran Butt, Alison Cole  
Contact details: mgrib 

Module is taught during the following terms
AutumnyesSpringyesSummeryes

Module Description

The module aims to provide students with a basic understanding of some of the core elements within this field. The module will in particular concentrate on the specific areas of Banking, Finance, Management and Accounting and will give students an opportunity to apply theoretical concepts to key organisations, companies and institutions. The module will enable students to develop their analytical skills as well as aid them in developing their practical knowledge of this dynamic sector. The module draws extensively on the critical analysis of case-studies which students are introduced to during the seminar sessions. These are furthermore used to promote the development of group tasks and small scale research projects.

Module Aims

- To ensure that students obtain a broad understanding of basic business concepts and terminology

- To enable students to develop their analytical skills by applying theory to practice within the four areas

- To give students the opportunity to engage actively and critically with case-studies, balance sheets and other practical elements

- To take an active part in group discussions and contribute to small scale group tasks

- To provide opportunities for discussions of the taught material and enable students to engage with research tasks and projects

Learning Outcomes

On successful completion of the module a student will be expected to be able to demonstrate:

1. An ability to couple key theoretical concepts to practical application

2. An appreciation of how the areas of Banking, Finance, Management and Accounting are linked

3. An ability to undertake a basic analysis and justification of common conceptual and practical issues related to the areas of Banking, Finance, Management and Accounting.

4. An ability to communicate ideas efficiently in both written and oral form.

Syllabus

Autumn Term

Accounting

- Income statements

- Balance sheets

- Ratios

- Accounting Regulations

Management

- Motivation. Theory

- Leadership styles

- Work culture

- Recruitment and selection

Spring Term

Banking

- Introduction to banking and money markets

- The role of different types of banks

- Banking functions

- Banking case studies

Finance

- Sources of finance

- Short-term finance

- Long-term finance

- Investment companies

- Organisations and financing options

Summer Term

Revision classes

Assessment

50% coursework and 50% exam

Pass mark: 40%

Coursework will consist of:

One in-class test in week 7 (20%). Feedback provided in week 10.

One 1,500 word assignment (35%). Title will be available in week 4. Assignment handed in during week 11. Feedback provided in week 15.

One 2,000 word assignment (45%). Title will be available in week 4. Assignment handed in during week 25. Feedback provided in week 28.

A final exam of three hours will consist of essay type questions and financial calculations.

Non-assessed coursework

Students will be required to submit a formative mini-essay during the term. This will not be graded, but feedback and guidance will be given as to how this could be improved in the future. The purpose of the formative assessment is to ensure that students become familiar with academic writing.

Learning and Teaching Methods

This module is delivered by four hours of teaching per week for 23 weeks. Each week's instruction consists of a two-hour lecture and two one-hour classes.

Lecture: The two-hour lecture introduces several of the units from the course textbook in outline and identifies the key points of the subjects under discussion.

Classes: Students will be given the opportunity to discuss any issues relating to the module material and will work together in groups on a range of class exercises.

Learning support

Summarised lecture material is provided using PowerPoint presentations, which are available on Moodle. Students will be given exam type questions/case studies to work on in classes and all such work will be given feedback.

Discussion and debate on relevant topics will be encouraged. Solutions to tests and past exam papers will also be discussed in classes.

Assessment

50 per cent Coursework Mark, 50 per cent Exam Mark

Exam Duration and Period

3:00 hour exam during Summer Examination period.

Other information

This module is compulsory for IA students who wish to study economics or a business degree at undergraduate level.

Bibliography

  • Essential:
  • Marcousé, I. et al (2003) Business Studies. 2nd ed. Hodder and Stoughton.
  • Supplementary:
  • Hall, D (1999) Business Studies. (2nd ed) Causeway Press.
  • Lines, D, Marcousé I and Martin, B (2000) Complete A-Z Business Studies Handbook. (3rd ed) Hodder and Stoughton.
  • Pettinger, R (2002) Introduction to Management. Palgrave Macmillan.
  • Surridge, M (2003) AS/A level Business Studies Essential Word Dictionary. London: Phillip Allan.
  • Walton, S and Huey, J (1993) Sam Walton: Made in America. Bantam Press.
  • www.ft.com
  • www.telegraph.co.uk

Further information

Should you have any queries about the Module Directory pages, please contact the Course Record Team, Systems Administration Office, Academic Section; email: crt (non Essex users should add @essex.ac.uk)