BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT

Name of Course / Module Business Economics and Laws

Course Code QME 4004

Name(s) of academic staff Mr Maheswaran Perumal

Rationale for the inclusion The rationale to include this module in the academic programme is because
of the course / module in this module is to provide a secure academic foundation in the core and
the programme closely related disciplines of accountancy and to maximize the number of
exemptions from the examinations of the professional accountancy bodies
through accreditation.
Semester and Year offered Year 1 Semester 1
Year 1 Semester 2
Total Student Learning
Time (SLT) L = Lecturer Total Guided
Self- and
T = Tutorial Face to face
Learning Independence
P = Practical Learning
O = Others L T P O 120
64
28 14 0 14

Credit Value 3
Prerequisite (if any) None

Objectives The aims of the programme seek, inter alia, to provide:

1. a basis of academic learning and discipline suitable for a sound foundation

for a subsequent career as a professionally qualified accountant or for any
career in management and business administration; and

2. a qualification accredited for examination exemption purposes by the

Association of Chartered Certified Accountants [ACCA] and the Association
of International Accountants [AIA].

This module delivers against these [and the other aims stated in the
Programme Specification] because it underpins and provides a context for
the study of accountancy and is important in the context of the examinations
of the professional accountancy bodies.

Course Learning Upon the completion of this module, students should be able to:
Outcomes (CLO)  Demonstrate an understanding of the fundamental economic
principles, theories and models and demonstrate an ability to analyse
a range of contemporary economic issues and problems through the
application of relevant economic theory.
 Demonstrate an understanding of the technical rules and concepts
relating to Corporate & Business Law and demonstrate an ability to
apply knowledge of relevant Business and Corporate Law concepts
to various scenarios.
 Express ideas and arguments in writing appropriate for a specific
academic and professional audience and research and reference
source materials consistently and accurately using the Harvard
referencing system.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Transferable Skills:
Skills and how they are
developed and assessed,
Project and practical
experience and Internship
Teaching-learning and
assessment strategy
Synopsis
Mode of Delivery
Assessment Methods and
Types
Mapping of the course /
module to the Programme
Learning Outcome (PLO)
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
Formative assessments are those interim assessment opportunities whereby
students can gain an enhanced understanding of how well they are
progressing with their learning; such opportunities may include some tests
being offered for the purposes of generating some feedback. Any mark
generated through formative assessment is for feedback purposes only and
will not contribute to the overall module grade. Formative assessments also
allow tutors to focus on the needs of the student group. Students will be
expected to complete formative tests and complete sheets of questions prior
to consideration of these in seminars.
Lecturers will introduce and consider the principles which allow analysis of the
particular topics. Seminars/ workshops will develop and apply the analysis.
Students are expected to actively participate in class exercises and
discussion.
The programme philosophy is to provide a secure academic foundation in
the core and closely related disciplines of accountancy and to maximise the
number of exemptions from the examinations of the professional
accountancy bodies, through accreditation.
This module is consistent with this philosophy since it examines the legal,
ethical, competitive and macroeconomic environments within which the
accounting function takes place. It aims to provide an understanding of the
complexity and implications of the external environments within which
organizations operate in order to allow analysis of the opportunities and
constraints that influence strategic choice decisions. This includes both the
competitive behaviour of businesses in the management of their markets and
decisions made by government agencies from both economic and
regulatory perspectives.
The module will be delivered using a combination of lectures and seminars,
including individual and group activities. Students will receive a study
programme that will include an outline of the topics covered, the assessment
of the module, and a list of reading and use of other learning materials that
should be undertaken. Students are expected actively to participate in class
exercises and discussion. The teaching and learning strategy seeks to
encourage independent learning.
Assessment Component Distribution of Marks
Coursework 100%
Written examination 0%
TOTAL 100%
This course is one of the core major courses that provide students with the
prerequisite knowledge and skills to communicate by using visual elements,
images and typography
Note: 1 = Low Correlation, 2 = Medium Correlation, 3 = High Correlation
PLO PLO PLO PLO PLO
1 2 3 4 5
CLO 1 M L M M L
CLO 2 M M H H M
CLO 3 L M M M H
CLO 4 M L M H H
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Programme Learning Outcome (PLO):
 Prepare and analyse financial and management accounts,
statements and reports and give appropriate advice
 Demonstrate an understanding of the constraints on accountants
and managers imposed by economic and legal factors
 Prepare tax computations and give advice on personal and
corporate tax issues.
 Apply financial management theory and techniques and give
appropriate advice on financing, investment and distribution
 Apply the principles of internal and external auditing in relation to
financial review, control, accountability and assurance

Mapping of the course /

module to the Programme

SOCIAL SKILLS, TEAMWORK

Outcomes (PO)

THINKING AND SCIENTIFIC

COMMUNICATION SKILLS

ENTERPRENEURIAL SKILLS
VALUES, ETHICS, MORAL
AND PROFESSIONALISM

LIFELONG LEARNING
MANAGEMENT AND
AND RESPONSIBILITY

MANAGERIAL AND
PRACTICAL SKILLS

INFORMATION
KNOWLEDGE

SKILLS

LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8

PLO 1 H L H H L M M L

PLO 2 H M H M H M L L

PLO 3 H H L H L M M M

PLO 4 H H M H L H L L

PLO 5 H M L L H H M M

Content outline of the course / module and the SLT per topic

TOPICS L T P O SL TLT

Semester 1

Week 1 2 1 0 1 5 9
The operation of markets: supply, demand and price
determination and adjustments, including market interventions
by government.
Week 2 2 1 0 1 5 9
The operation of markets: supply, demand and price
determination and adjustments, including market interventions
by government.
Week 3 2 1 0 1 3 7
The operation of markets: supply, demand and price
determination and adjustments, including market interventions
by government.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Week 4 2 1 0 1 3 7
The operation of markets: supply, demand and price
determination and adjustments, including market interventions
by government.
Week 5 2 1 0 1 5 9
The competitive environments and the impact that these have
on the behaviour and profitability of firms.
Week 6 2 1 0 1 5 9
The competitive environments and the impact that these have
on the behaviour and profitability of firms.
Week 7 2 1 0 1 5 9
The competitive environments and the impact that these have
on the behaviour and profitability of firms.
Week 8 2 1 0 1 5 9
The competitive environments and the impact that these have
on the behaviour and profitability of firms.
Week 9 2 1 0 1 3 7
The causes and consequences of domestic and international
macroeconomic phenomena and the policies necessary to
achieve macroeconomic objectives.
Week 10 2 1 0 1 5 9
The causes and consequences of domestic and international
macroeconomic phenomena and the policies necessary to
achieve macroeconomic objectives.
Week 11 2 1 0 1 5 9
The causes and consequences of domestic and international
macroeconomic phenomena and the policies necessary to
achieve macroeconomic objectives.
Week 12 2 1 0 1 5 9
The causes and consequences of domestic and international
macroeconomic phenomena and the policies necessary to
achieve macroeconomic objectives.
Week 13 2 1 0 1 5 9
Types of business organisations and recognition/comparison of
the different types of Capital and financing used within
Companies
Week 14 2 1 0 1 5 9
Types of business organisations and recognition/comparison of
the different types of Capital and financing used within
Companies
28 14 0 14 64 120

Semester 2

Week 1 2 1 0 1 5 9
Types of business organisations and recognition/comparison of
the different types of Capital and financing used within
Companies
Week 2 2 1 0 1 5 9
Types of business organisations and recognition/comparison of
the different types of Capital and financing used within
Companies
Week 3 2 1 0 1 3 7
Legal obligations of Directors and Professionals working within
a business context
Week 4 2 1 0 1 3 7
Legal obligations of Directors and Professionals working within
a business context

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Week 5 2 1 0 1 3 7
Legal obligations of Directors and Professionals working within
a business context
Week 6 2 1 0 1 5 9
Legal obligations of Directors and Professionals working within
a business context
Week 7 2 1 0 1 5 9
Understanding the potential criminal activity in the operation,
management and winding up of companies.
Week 8 2 1 0 1 5 9
Understanding the potential criminal activity in the operation,
management and winding up of companies.
Week 9 2 1 0 1 5 9
Understanding the potential criminal activity in the operation,
management and winding up of companies.
Week 10 2 1 0 1 5 9
Understanding the potential criminal activity in the operation,
management and winding up of companies.
Week 11 2 1 0 1 5 9
Exploring both governance and ethical issues relating to
business.
Week 12 2 1 0 1 5 9
Exploring both governance and ethical issues relating to
business.
Week 13 2 1 0 1 5 9
Understanding the law relating to employment relationships
and managing this within a business context.
Week 14 2 1 0 1 5 9
Understanding the law relating to employment relationships
and managing this within a business context.
28 14 0 14 64 120

Main References  Krugman, P. Wells, R and Graddy, K (2008) Economics: European

Edition Worth
 Kaplan: ACCA Complete Text F4 (ENG) Corporate & Business Law
(English) Longman: Adams,Alix (latest edition) Law for Business
Students
Additional References  Sloman, J. and Wride, A. (2009). Economics. 7th Ed. Financial Times
Press.
 Begg, D., Fischer, S. and Dornbusch, R. Economics 9th Ed McGraw
Hill.
Others In addition, students are given a range of business law texts as recommended
reading. Since texts regularly go into new editions to reflect changes in the
law rapidly it is not practicable to commit to particular texts. Students will also
be expected to access appropriate information-based resources such as
web sites that have material relevant to legal, ethical and economic issues
and problems. These include:
 ACCA http://www.accaglobal.com
 Business Education (Biz/ed) http://www.bized.ac.uk
 The Economist http://www.economist.com/index.html
 UK Treasury http://www.hm-treasury.gov.uk/
 Bank of England http://www.bankofengland.co.uk/

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE