2026/27 Undergraduate Module Catalogue

LLLC2320 Business Economics

20 Credits Class Size: 30

Module manager: Dr George Zifkos
Email: G.Zifkos@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2026/27

This module is not approved as a discovery module

Module summary

This module will provide you with a comprehensive outline of the economic approach to problem-solving and analysis. You will develop an understanding of core micro and macro-economic principles by exploring how these could be used in a business environment to interpret economic behaviour and aid decision making. You will apply a critical and evaluative approach to the choices made by individual consumers, firms and government policymakers.

Objectives

The objectives of the module are to enable you to:
1. Apply an economic analysis to individual and organisational activities and decision making.
2. Analyse, interpret, and discuss the role of the government and the impact of government policy on business activity.


Learning outcomes

On successful completion of the module students will have demonstrated the following learning outcomes relevant to the subject:
1. Analyse the components of the microeconomic environment and the links between economic theory and its practical application in business.
2. Evaluate different market structures and the causes of market failure.
3. Analyse the components of the macroeconomic environment and the purpose of macroeconomic policy.
4. Critically evaluate the impact of government policy and intervention on business activity.

Skills Learning Outcomes

On successful completion, students will have demonstrated the following skills learning outcomes:

1. Ability to find, evaluate, and process economic data to solve problems and make business decisions. (Digital)
2. Ability to interpret complex economic information and problematise economic behaviour. (Sustainability)
3. Ability to communicate effectively with others and collaborate on a shared task. (Work-ready)

Syllabus

Details of the syllabus will be provided on the Minerva organisation (or equivalent) for the module

Teaching Methods

Delivery type Number Length hours Student hours
Workshop 11 1.5 16.5
Independent online learning hours 83.5
Private study hours 100
Total Contact hours 16.5
Total hours (100hr per 10 credits) 200

Opportunities for Formative Feedback

Through workshops, monitoring of student contributions, formative feedback and staged submission of coursework. Drafts can be submitted in line with tutor deadlines. Peer feedback on in-class activities and online discussion.

Methods of Assessment

Coursework
Assessment type Notes % of formal assessment
Online Assessment 1.5 hour-long in-course assessment 50
Assignment Group presentation: 30-minute political manifesto and 1,500-word leaflet 50
Total percentage (Assessment Coursework) 100

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading List

Check the module area in Minerva for your reading list

Last updated: 30/04/2026

Errors, omissions, failed links etc should be notified to the Catalogue Team