Aberdeen Business School

Economics of Business

Short Course - 15 credits at SCQF level 11

Applications Now Open

Economics of Business 15 credits at SCQF level 11
This module provides you with an ability to critically assess economic principles and theories relevant to the analysis of business behaviour and the economic environment in which business organisations operate.

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.

This course has one study option
Mode of Attendance
Mode of Study
Start Date
Course Length
Mode of Attendance
  • Online Learning
Mode of Study
  • Part Time
Start Date
Course Length
12 weeks
  • Economic concepts
  • Cost in theory and practice
  • Market demand and supply
  • Market structure
  • Business objectives
  • Pricing
  • Market failure
  • The domestic economic environment
  • International economic environment
  • Labour markets
  • Inflation

The University regularly reviews its courses. Course content and structure may change over time. See our course and module disclaimer for more information.

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 (Master's) 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.


Academic Support

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.

Disability & Dyslexia Centre

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

Study Skills Support


This module is part of the MSc Management course. After successfully completing this module, you could progress to other modules or apply to join the MBA or MSc Management programme with possible exemptions available for modules you have already completed.


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.


Course fees: £1,010

Additional Costs

The following course-related costs are not included in the course fees:

Other Fees and Charges


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:



Have a question about a Professional Development course? Get in touch with the team and we'll do our best to help.


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. 

Have a question about a Professional Development course? Get in touch with the team and we'll do our best to help.

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