Business Economics Professional
Level 4
 
Title of learning programme Business Economics Professional
Programme level 4
Duration of learning programme 11 weeks x 10 hours*
Total number of learning hours per programme 110**

* Unlike traditional schools, colleges or universities, there are no terms, semesters, or specified intake dates for our uniquely flexible distance education courses. Our system of continuous enrolment means that our students can enrol on any day and at any time of the year. This allows our students the freedom to plan their studies to fit in with their lifestyle or work commitments.

** Please note that this is only an approximate figure and is dependant upon how much time you can dedicate to your studies and also how well you grasp the learning concepts in the course material. Furthermore, at the end of each module there is a question paper which needs to be completed and returned to your personal tutor.

Structure
 
Module Module Title
1 Perspectives on the Economic Approaches to Organisation
2 Coordination Through the Market Mechanism
3 Organisational Coordination
4 Information and Coordination
5   Game Theory
6   Agency Theory
7   Transaction Cost Economics
 

Learning Outcomes
 
Module 1 – Perspectives on the Economic Approaches to Organisation.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Summarise the Economic Problem
 
Module 2 – Coordination Through the Market Mechanism.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Discuss how transactions are coordinated in the competitive markets through the laws of supply and demand
 
Module 3 – Organisational Coordination.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Examine the nature of organisational coordination
 
Module 4 – Information and Coordination.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Discuss importance of information to business, particularly in relation to the choice of co-ordination mechanism
 
Module 5 – Game Theory.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Explain how and why game theory is a powerful economic tool for analysing situations in which two or more persons have to make interdependent decisions
 
Module 6 – Agency Theory.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Discuss the basic ideas of the two interrelated strands of agency theory
 
Module 7 – Transaction Cost Economics.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1 Summarise your understanding of transaction cost economics and relate it to the understanding of markets and hierarchies

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