Economics of Business
Short Course - 15 credits at SCQF level 11
On completion of this module, you will be able to critically evaluate the alternative theories of microeconomics and their implications for business, as well as critically assess concepts and principles underlining business activity. You will also be able to apply the appropriate models and techniques for analysing the environment within which business organisations operate, and evaluate and synthesise the alternative theories and models of business behaviour.
- Economic concepts
- Cost in theory and practice
- Market demand and supply
- Market structure
- Business objectives
- Market failure
- The domestic economic environment
- International economic environment
- Labour markets
You will learn through a mix of online lectures, interactive group work and self-guided study.
All modules are credit rated and can be worth 5, 10, 15 or 30 credit points. This equates to the number of study hours required within the module, for example 50 hours for 5 credit points, 300 hours for 30 credit points. The SCQF modules can range from level 7 (undergraduate) through to level 11 (Masters) on the Scottish Credit Qualification Framework (SCQF). You can undertake individual modules or build them up to gain an exit award.
Find out more on progression and the framework on the SCQF.
This module is assessed by a portfolio coursework including contribution to module activities.
The Disability & Dyslexia Centre advises and supports students who disclose a sensory or mobility impairment, chronic medical condition, mental health issue, dyslexia and other specific learning differences. Applicants are encouraged to arrange a pre-entry visit to discuss any concerns and to view the facilities.
Study Skills Support
The Study Support Team provides training and support to all students in:
- Academic writing
- Study skills (note taking, exam techniques, time management, presentation)
- Maths and statistics
- English language
- Information technology support
This is an online distance learning module for which we recommend you already have a good honours-level degree in relevant discipline or a minimum three years' professional experience in a relevant area.
All international students, for whom English is not their first language, should have either IELTS 6.5 or its equivalent in TOEFL. You should note that modules taken through Professional Development@RGU are not eligible for Tier 4 sponsorship.
For new intakes course fees are reviewed and published annually for each mode of delivery. Tuition fees are fixed for the duration of a course at the rate confirmed in the offer letter. For further information see:
This module is approved as being an acceptable element of an individual Further Learning plan for Chartered Engineer registration in that it meets the requisite content, academic level and academic rigour expected of an approved Further Learning plan.
Taking this course, you will have access to some of the world's best facilities.
We've invested more than £100 million in the development of our campus, new facilities and new resources.University Wide Facilities
Register direct to the university using our online application form.
Applications close 1 week prior to the start of the module.
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