This module will introduce students to the study of economic relations as social relations. We now live in a
global era that promotes free trade, free markets, deregulation of economic activity and upwardly redistributive
tax policies in the name of innovation and economic growth. Further, we will study the
conception of economics as a type of social activity by looking at the concepts of property, markets,
firms, commodities and labor from the vantage point of sociology.
The course module is by no means all‐encompassing. The purpose of this module is rather to provide an
exemplary selection of topics.
Upon successful completion of the module, students will be able to:
Identify the factors of the business and the economic environment; measure
consumer behavior, and predict future demand.
Relate and calculate average cost, marginal cost and total cost; review alternative market
structures, monopoly, oligopoly, product life cycle, and making pricing and profit
Analyze the relationship between labor and employment; the reasons for government
intervention in the market, and corporate social responsibility practices.
Explain the major macroeconomic issues, macroeconomic policies, and how to manage
the global economy.
TEACHING AND LEARNING STRATEGY
As this programme is specially designed for working adults, the teaching – learning and
assessment strategies are based on the principles of “andragogy” an approach that is highly suited to
working adults. This approach requires students to be involved in the learning process, draw
from past work experiences to share their views, deal with real life work issues and problems,
collaborate with classmates in developing effective solutions and apply whatever they have learnt
into their lives and work environments. The programme is designed to be engaging and
impactful to enable learners to gain the knowledge, practical skills, and abilities for personal
growth and development.
Quiz 1-. In class-> 15%
Quiz 2-. In class-> 15%
Presentations-. In class-> 15%
Assignment-. In class-> 50%
The module is assessed though quizzes, presentations, participations and assignment(s) in order to
supplement and support student’s learning outcomes and develop the students as a whole. The
assessment strategy is geared towards encouraging students to reflect, analyze and apply what they
have learnt from the module.
Quizzes can take the form of short subjective questions, multiple choice questions, short
exercises, video reviews followed by subjective questions, case studies with subjective questions
and any other activity that is aligned to the learning outcome of the module.
During the duration of the classes, students may be expected to work in groups to attempt cases
studies, activities or discussion questions during which students will be required to make
presentations which will be assessed based on specific assessment criterion such as body
language, intonation, eye contact, facts etc.
Active participation in every class is required. This is to ensure that students are not only
attending the class physically but also have the presence of mind and soul.
The final assessment takes the form of an assignment question that is often based on real life issue,
organizational problem, or an investigative piece requiring students to review and analyze existing
practices and problems in organizations and propose appropriate recommendations
- Lectures 0
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes