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UNDERGRADUATE

PROGRAMME HANDBOOK

2013 – 2014

ECONOMICS

BSc (Econ) Banking and Finance (N300)

BSc (Econ) Banking and Finance with a European

Language (French) (N3R9) / (German) (N3R2) / (Spanish)

(N3R4)

BSc (Econ) Business Economics (L114)

BSc (Econ) Business Economics with French (L1R9) /

German (L1RX) / Spanish (L1RY)

BSc (Econ) Economics (L100)

BSc (Econ) Economics and Finance (LN13)

BSc (Econ) Economics and Management Studies (LN12)

JOINT HONOURS PROGRAMMES

BSc Economics with French (L160) / German (L1R2) /

Spanish (L1R4)

BSc (Econ) Politics and Economics (LL12)

BA History and Economics (VL11)

BA Philosophy and Economics (VL51)

BA French and Economics (RL11)

BA German and Economics (RL21)

BA Italian and Economics (RL31)

BA Spanish and Economics (LR14)

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UNIVERSITY REGULATIONS AND DISCLAIMER

University Regulations

All students are required, as a condition of enrolment, to abide by University Regulations and Degree Programme Regulations. Full Degree Programme Regulations will be published and issued to you separately to this handbook and University Regulations are published separately on the University’s Web Site:

http://learning.cf.ac.uk/quality/regs/

Disclaimer

Every effort has been made to ensure the accuracy of the information contained within this handbook and the University will use all reasonable endeavours to deliver Programmes of Study in accordance with the descriptions set out herein. However, from time to time changes in human and/or physical resources or timetable constraints (for example) mean that changes have to be made*. The University therefore:

a) reserves the right to make variations to the contents or methods of delivery of degree programmes, to discontinue programmes, and to merge or combine programmes, if such action is reasonably considered to be necessary by the University. If the University discontinues any programme, it will use its reasonable endeavours to provide a suitable alternative programme.

b) gives notice that there may be occasions when certain combinations of option courses/modules cannot be timetabled and such combinations will not therefore be available.

(*This list is not exhaustive)

Exclusion Clause

All students are notified that the modules advertised or referred to in this catalogue are liable to be changed or withdrawn both before or after selection, for any reason including those set out below. Cardiff University accepts no responsibility for any such changes or withdrawals of modules and students select modules at their own risk.

Reasons which may cause the change or withdrawal of modules include the loss of any key member of staff or insufficient take-up of modules by students; this list is not exhaustive.

Timetabling Constraints

Whilst every effort is made to ensure that the modules offered within a particular degree programme are open to all students on that programme, there may be occasions when certain combinations of optional modules cannot be timetabled and such combinations will not therefore be available.

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CONTENTS

UNIVERSITY REGULATIONS AND DISCLAIMER --- 3

INTRODUCTION --- 10

EXTENUATING CIRCUMSTANCES --- 12

UNFAIR PRACTICE --- 12

ENGAGEMENT MONITORING POLICY --- 13

ENGLISH LANGUAGE PROGRAMMES IN CARDIFF BUSINESS SCHOOL (CARBS) --- 14

METHODS OF ASSESSMENT --- 16

SEMESTER DATES 2013 - 2014 --- 17

YEAR ONE PROGRAMME STRUCTURES --- 18

N300 BSc (Econ) Banking and Finance --- 19

L114 BSc (Econ) Business Economics --- 20

L100 BSc (Econ) Economics --- 22

L160 BSc Economics with a European Language (French) --- 23

L1R2 BSc Economics with a European Language (German) --- 23

L1R4 BSc Economics with a European Language (Spanish) --- 23

LN13 BSc (Econ) Economics and Finance --- 25

LN12 BSc (Econ) Economics and Management Studies --- 26

N3R9 BSc (Econ) Banking and Finance with a European Language (French) --- 27

N3R2 BSc (Econ) Banking and Finance with a European Language (German) --- 27

N3R4 BSc (Econ) Banking and Finance with a European Language (Spanish) --- 27

L1R9 BSc (Econ) in Business Economics with French --- 29

L1RX BSc (Econ) in Business Economics with German --- 29

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LL12 BSc (Econ) Politics and Economics --- 31

VL11 BA History and Economics --- 32

VL51 BA Philosophy and Economics --- 32

RL11 BA French and Economics --- 32

RL21 BA German and Economics --- 32

RL31 BA Italian and Economics --- 32

LR14 BA Spanish and Economics --- 32

YEAR ONE MODULE DESCRIPTIONS --- 33

BS1501 - Applied Stats & Maths in Econ & Business --- 34

BS1503 - Introduction to Accounting --- 37

BS1505 - Legal Studies --- 41

BS1509 - Introduction to Financial and Management Accounting --- 44

BS1528 - Marketing --- 48

BS1529 - People in Organisations --- 50

BS1530 - Principles of Business Management --- 53

BS1545 - Contemporary Economic Issues --- 55

BS1546 - Economic History --- 58

BS1551 - Microeconomics --- 61

BS1610 - Introduction to Finance --- 65

BS1611 - Fundamentals of Financial Reporting --- 68

BS1629 - Business Environment --- 71

BS1630 - Principles of Marketing and Strategy --- 73

BS1652 - Macroeconomics --- 76

BS1701 - Vocational Language Skills I (French) --- 79

BS1702 - Vocational Language Skills I (Spanish) --- 81

BS1703 - Vocational Language Skills I (German) --- 83

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N300 BSc (Econ) Banking and Finance --- 86

L114 BSc (Econ) Business Economics --- 87

L100 BSc (Econ) Economics --- 89

LN13 BSc (Econ) Economics and Finance --- 90

LN12 BSc (Econ) Economics and Management Studies --- 91

N3R9 BSc (Econ) Banking and Finance with a European Language (French) --- 92

N3R2 BSc (Econ) Banking and Finance with a European Language (German) --- 92

N3R4 BSc (Econ) Banking and Finance with a European Language (Spanish) --- 92

L1R9 BSc (Econ) Business Economics with French --- 94

L1RX BSc (Econ) Business Economics with German --- 94

L1RY BSc (Econ) Business Economics with Spanish --- 94

L160 BSc Economics with a European Language (French) --- 96

L1R2 BSc Economics with a European Language (German) --- 96

L1R4 BSc Economics with a European Language (Spanish) --- 96

LL12 BSc (Econ) Politics and Economics --- 98

VL11 BA Economics and History --- 99

VL51 BA Economics and Philosophy --- 99

RL11 BA French and Economics --- 99

RL21 BA German and Economics --- 99

RL31 BA Italian and Economics --- 99

LR14 BA Spanish and Economics --- 99

YEAR TWO MODULE DESCRIPTIONS --- 100

BS2502 - Business Finance --- 101

BS2511 - Law of Commerce, Banking and Investment --- 105

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BS2517 - Performance and Financial Management --- 110

BS2530 - Organisational Behaviour --- 114

BS2535 - Buyer Behaviour --- 117

BS2540 - Marketing and Strategy--- 120

BS2542 - Managing People --- 123

BS2547 - British Economy --- 126

BS2549 - Macroeconomic Theory --- 129

BS2550 - Microeconomic Theory --- 132

BS2551 - Money Banking & Finance --- 135

BS2555 - Modern British Economic History --- 139

BS2558 - Economics of the EU --- 142

BS2560 - Managerial Economics --- 146

BS2570 - Introductory Econometrics --- 149

BS2701 - Vocational Skills II --- 151

BS2702 - Business Language --- 153

BS2703 - Oral Comprehension & Expression --- 156

BS2704 - Business Correspondence --- 158

BS2711 - Vocational Language Skills II --- 160

BS2712 - Business Language --- 163

BS2713 - Oral Comprehension and Expression --- 165

BS2714 - Business Correspondence --- 167

BS2721 - Vocational Language Skills II --- 169

BS2722 - Business Language --- 172

BS2723 - Oral Comprehension & Expression --- 174

BS2724 - Business Correspondence --- 176

INTERCALARY YEAR MODULE DESCRIPTION --- 178

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YEAR THREE (YEAR FOUR FOR LANGUAGE STUDENTS) PROGRAMME

STRUCTURES --- 181

N300 BSc (Econ) Banking and Finance --- 182

N3R9 BSc (Econ) Banking and Finance with a European Language (French) --- 183

N3R2 BSc (Econ) Banking and Finance with a European Language (German) --- 183

N3R4 BSc (Econ) Banking and Finance with a European Language (Spanish) --- 183

L114 BSc (Econ) Business Economics --- 185

L1R9 BSc (Econ) Business Economics with French --- 187

L1RX BSc (Econ) Business Economics with German --- 187

L1RY BSc (Econ) Business Economics with Spanish --- 187

L100 BSc (Econ) Economics --- 189

LN13 BSc (Econ) Economics and Finance --- 190

LN12 BSc (Econ) Economics and Management Studies --- 191

L160 BSc Economics with a European Language (French) --- 193

L1R2 BSc Economics with a European Language (German) --- 193

L1R4 BSc Economics with a European Language (Spanish) --- 193

LL12 BSc (Econ) Politics and Economics --- 195

VL11 BA Economics and History --- 196

VL51 BA Economics and Philosophy --- 196

RL11 BA French and Economics --- 196

RL21 BA German and Economics --- 196

RL31 BA Italian and Economics --- 196

LR14 BA Spanish and Economics --- 196

YEAR THREE MODULE DESCRIPTIONS --- 197

BS3514 - International Corporate Finance --- 198

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BS3538 - Work and Employment --- 205 BS3543 - Strategic Management --- 208 BS3547 - Business Applications --- 211 BS3551 - Econometrics --- 215 BS3554 - Financial Economics --- 218 BS3555 - International Finance --- 221

BS3556 - International Economic History --- 225

BS3558 - Labour Economics --- 228

BS3561 - Modern Business Enterprise --- 231

BS3565 - Macroeconomic Analysis --- 235

BS3566 - Microeconomic Analysis --- 238

BS3568 - International Trade --- 241

BS3570 - Applied Macroeconomics and Finance --- 244

BS3571 - Economics of Banking --- 247

BS3572 - Industrial Economics --- 250

BS3573 - The Economics of Development --- 253

BS3593 - Corporate Reporting and Finance --- 257

BS3615 - Security Analysis & Portfolio Management --- 260

BS3701 - Language Skills For Professionals (Fren) --- 263

BS3711 - Language Skills For Professionals (Span) --- 265

BS3721 - Language Skills For Professionals (Germ) --- 267

BS3727 - Entrepreneurship and Small Business Development --- 269

BS3728 - Ethics and Morality of Business --- 272

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INTRODUCTION

WELCOME

Thank you for choosing to study at Cardiff Business School (CARBS). For those of you who are just joining us, welcome! We hope that you enjoy your time with us and get as much out of your academic experience here as possible. Those of you who are returning for the next stage of your degree, welcome back, we are really pleased to see you return and continue your studies.

HOW TO USE THE PROGRAMME HANDBOOK

This Programme Handbook has primarily been designed to act as an aid for you when making your choices for optional modules. It differs from the Student Handbook in that this handbook contains much more factual information about the programme that you have chosen to study. The start of the handbook also contains information about key dates in the academic calendar, serious issues such as extenuating circumstances, unfair practice and engagement monitoring and other information.

If you are just starting your first year at Cardiff Business School, the first year programme structures follow the informational pages, with the associated module descriptions on the subsequent pages. Following these are the second year programme structures and module descriptions, with the final year programme and module information near the end of the handbook.

STUDY YOUR PROGRAMME STRUCTURE

Take some time to study the structure of your programme. Your programme is made up of modules, the components that make up the structure and subject matter of your degree. Many of these modules will be ‘core’; this is where you have to study these modules as part of your programme. However, your programme may also include ‘optional’ modules. This is where you have the option of choosing between several different modules, depending on your chosen career direction, your personal interests and modules that you may have chosen or have completed in the previous year. Generally, there are fewer optional modules in the first year compared to the second and final years.

Please note, that the programme structures can seem quite confusing. If you are at all unsure about what choices you are required to make, please speak to a member of staff who will be more than happy to assist you. The Undergraduate Enquiry Office (P28) staff can help, or point you in the right direction. If you are unsure about which module to choose, please feel free to contact the module leader for further

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information about a particular module, or discuss it with your personal tutor or the relevant Programme Director (see list below).

PERSONAL TUTOR

You will be allocated a personal tutor at the start of your programme. Your personal tutor will meet with you to discuss your progress and try to help with any issues you might have. You have three meetings per academic year with your personal tutor. Please ensure that you attend these meetings.

Above all, make the most of your time with us. If you need information or help with anything, we are more than happy to assist where we can.

KEY CONTACTS

Undergraduate Enquiry Office Room: P28 [email protected]

General queries and submission of assignments

CARBS Student Records Room: E25 [email protected] Queries regarding Extenuating Circumstances, your (SIMS) student record, Appeals

CARBS Student Support Room Q09 [email protected]

Housing/Accommodation, Student Finance, Immigration, Personal & Course Issues

CARBS Careers Centre Room Q09 [email protected]

Careers advice, job application assistance, CV writing, mock interviews

Programme Directors

Economics Programmes

Professor Trevor Boyns Room E34 [email protected]

Joint Honours Programmes with a Humanities Subject

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EXTENUATING CIRCUMSTANCES

Students may occasionally experience personal circumstances, such as illness, bereavement etc., which can seriously disrupt their ability to study and/or affect performance in an assessment or examination. In the University we refer to this as Extenuating Circumstances.

If you believe that your performance in an assessment or examination has been affected adversely by your extenuating circumstances, it is important that you make this known at the time they occur and/or before the Examining Board meets to consider your results. Extenuating circumstances should be confirmed in writing as

soon as the circumstances arise, and, where possible, before the assessment task. If, for any reason, you do not report your circumstances at the time they

happen, make sure that you report them by the School deadline for consideration at the Examining Board.

Full details of the process for reporting Extenuating Circumstances can be found in section 10.1 of the Cardiff Business School Student Handbook a copy of which will be provided at induction.

The Extenuating Circumstances Form is available at

http://learning.cf.ac.uk/wp-content/uploads/2011/06/Extenuating-Circumstances-Form3.docx

UNFAIR PRACTICE

The value of the qualifications that students obtain by studying at Cardiff Business School depends on the integrity of the process. Therefore if any student gains an advantage by unfair practice this potentially devalues the qualifications gained by their colleagues. Over and above this the Business School expects a high standard of integrity from all its students.

Students are warned that Cardiff Business School and Cardiff University take an extremely poor view of any form of cheating or unfair practice by students either in examinations or in coursework. In the case of any student or group of students found to be involved in any such unfair practices it will be the policy of the University to apply a fair but severe penalty against such students for the sake of defending both the good name of the School and the integrity of the degrees awarded by the University.

Guidelines on the implications unfair practice and advice on how to avoid committing unfair practice are given in the Cardiff Business School Unfair Practice booklet issued to all taught course students at enrolment.

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ENGAGEMENT MONITORING POLICY

Attendance at ALL teaching sessions is compulsory. This includes attendance at all timetabled lectures and seminars/classes/workshops.

The Julian Hodge Lecture Theatre (JHLT), all teaching rooms in the Aberconway Building and the rooms used by the Business School in the Law School, have been fitted with card readers, programmed to read the data held on the Cardiff University Student Card. Students are required to register their attendance at every teaching session by swiping their card at the start of the lecture/seminar/class/workshop.

Persistent absence without good reason may have serious consequences. These can include, referral to the Programme Director, mandatory signing of an attendance form at all classes and, in the most serious and persistent cases, the initiation of exclusion procedures followed by de-registration from the Programme.

It is your responsibility to ensure you carry your Cardiff University ID card with you on all occasions and to ensure that you register your card at every teaching session where there is a card reader installed.

Individual student engagement is monitored by academic Programme Teams and the School’s Engagement Monitoring Officer on a regular basis and students whose engagement causes concern will be contacted by a member of the Programme Team to discuss any problems they may be facing.

Students must ONLY scan their own student card, and no-one else’s. Misuse of the swipe-card system will incur serious consequences.

Home Office’s Points Based System

The University is registered as a Tier 4 Sponsor and as such has specific duties as a sponsor of international students. For international students, the University is legally required under the Home Office’s Points Based System (PBS), to notify the UK Borders Agency (UKBA) of international students who fail to fully register when expected or who are absent for a prolonged period without authorisation. This is in addition to the normal monitoring of the academic engagement of all our students.

Students unable to attend (long and short term absence)

If you are unable to attend teaching sessions for any reason, you must inform us. A series of forms are available for this purpose from Programme Offices (P28 for Undergraduate students and A04a/b for MBA and MSc students), Learning Central and SIMS.

For more information, please refer to the “Cardiff Business School

Engagement Monitoring Information For Taught Students” booklet that was issued to you during enrolment and is also available to download from Learning Central.

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ENGLISH LANGUAGE PROGRAMMES IN CARDIFF

BUSINESS SCHOOL (CARBS)

ELP in CARBS provides In-sessional support aimed at international students whose first language is not English. Support can consist of weekly workshops in reading strategies, writing, study skills and oral communication as well as one-to-one writing tutorials.

This support is designed to help students gain maximum benefit from their studies and perform better in assignments. Students can learn to understand key reading texts such as course books and to extend their reading using academic journals. The workshops and tutorials will also help with giving presentations and writing effective essays, reports and literature reviews.

Indicative Work Scheme – Reading and Vocabulary Development

 Dealing with the challenges of academic reading  Developing strategies for selective reading  Critical reading skills

 Making a critical choice

 Evaluating the usefulness of what you read  Developing skills in critical analysis

 Understanding exam questions

Indicative Work Scheme – Academic Writing and Language Improvement

 The conventions of academic writing  Structuring your writing effectively  Achieving clarity

 Decoding and understanding assignment titles  Structuring essays

 Referencing, paraphrasing and summarising  Editing, correcting and redrafting

 Creating a comparative critical summary  Writing a critical analysis

 Planning short essay answers in exams

Indicative Work Scheme – Oral Communication Skills

 Language for discussions  Negotiating skills

 Presentation skills  Improving pronunciation

These English classes are unlike any classes you have done before as they are designed to reflect the specific needs of students on different programmes and to complement the teaching in your academic subject.

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Attendance and Tests

English language support can have A SIGNIFICANT IMPACT ON YOUR

ASSIGNMENT GRADES and on your understanding and enjoyment of your subject

classes, so please make sure you take advantage of the help available.

All international students will have the opportunity to complete an English language test in Induction Week and those students identified as needing support are

expected to attend English language classes.

How to contact us

The English Language Programmes In-sessional team can be contacted in room

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METHODS OF ASSESSMENT

ELECTRONIC SUBMISSION

Please note that the School has introduced the on-line submission of coursework for ALL undergraduate modules from the start of the 2013-14 session. All submissions

are due in IN PDF FORMAT on the date of submission NO LATER THAN 12 noon. After the 12 noon cut off, no work will be accepted and students will be

awarded a zero mark unless there is documented evidence of extenuating circumstances (such as illness). The submission link will disappear at 12 noon exactly.

Undergraduate students will submit using Learning Central in the ‘Assignments’ folder, found in each CARBS module. In some cases, when specified by the lecturer, students may be asked to submit supporting documents by hard copy (e.g CD’s, fabric swatches and Dulux paint charts). The hardcopy submission of supporting documents will be due no later than 12 noon the same day to be handed in the drop box located in the Undergraduate Programme Office (room P28)

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SEMESTER DATES 2013 - 2014

Enrolment 23 September 2013

Induction Week 23-27 September 2013

First Teaching Period Starts 30 September 2013

First Teaching Period Ends 13 December 2013

Christmas Break 16 Dec 2013 – 6 Jan 2014 Revision/Reading Week (No Lectures) 06 – 10 January 2014 Examinations Start 13 January 2014

Examinations End 24 January 2014

Second Teaching Period Starts 27 January 2014

Second Teaching Period ends 11 April 2014

Easter Break 14 April to 04May

Revision/Reading Week (No Lectures) 05 – 09 May 2014 Examinations Start 12 May 2014

Examinations End 13 June 2014

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YEAR ONE

PROGRAMME

STRUCTURES

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N300

BSc (Econ) Banking and Finance

AIMS OF THE PROGRAMME

The Banking and Finance degree programme provides students with a thorough understanding of the method, content and scope of economic analysis, particularly in the fields of money, banking and finance. It aims to stimulate students intellectually to appreciate the value of economic analysis in understanding economic problems and equip them with a thorough grounding in the theory, concepts, principles and techniques of core subject areas of the discipline: macroeconomics, microeconomics, quantitative analysis, monetary economics and financial economics. It will give students a firm foundation of knowledge in the workings of the UK economy, with an emphasis on the banking and financial sectors, and the ability to use that knowledge in a range of contexts.

The programme aims to develop in students the ability to apply economic analysis to solve theoretical and applied problems in economics and finance, and to evaluate alternative policy options. The study of economics, banking and finance encourages a range of transferable discipline-specific and core skills that will be of value to students in future education and in their subsequent careers.

The Programme offers students in Year 1 the opportunity to acquire detailed knowledge and technique in Microeconomics and Macroeconomics as well as the possibility of following optional modules in Accounting and Management.

YEAR 1 – REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1503 Introduction to Accounting

Plus one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

Two double modules or

one double module and both single modules

BS1545 Contemporary Economic Issues BS1546 Economic History BS1505 Legal Studies Autumn Spring BS1530 Principles of Business Management BS1610 Introduction to Finance

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L114

BSc (Econ) Business Economics

AIMS OF THE PROGRAMME

The Business Economics degree programme provides students with an understanding of economic theory, particularly that which focuses on the organisational and managerial characteristics of the modern business enterprise. It aims to give students a firm understanding of the structure of business decision making, and an appreciation of how theoretical and quantitative economic perspectives can improve such decision making. It equips students with a thorough grounding in the theory, concepts, principles and techniques of the core subject areas of the discipline, including microeconomics, quantitative analysis and managerial economics.

The Programme aims to inform students of the main features of the UK industrial economy and the key developments in business, government policy and international markets. The study of business economics encourages a range of transferable discipline-specific and core analytical skills that will be of value to students in their subsequent careers.

In Year 1 the programme introduces students to subject areas outside the economics discipline by offering them the opportunity to follow modules in finance, marketing and other aspects of management.

YEAR 1 REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1546 Economic History

Plus one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

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Plus Modules to the value of 40 credits from either Group 1 or Group 2* Group 1

Two double modules or one double module and both single modules

BS1545 Contemporary Economic Issues BS1503 Introduction to Accounting BS1505 Legal Studies

Autumn Spring

BS1530 Principles of Business Management

BS1630 Principles of Marketing and Strategy

Group 2

One double in the Autumn Semester

BS1509 Introduction to Financial and Management Accounting

Two single modules in the Spring Semester

BS1611 Fundamentals of Financial Reporting BS1610 Introduction to Finance

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L100

BSc (Econ) Economics

AIMS OF THE PROGRAMME

The Economics degree programme aims to provide students with a thorough understanding of the method, content and scope of economic analysis and to stimulate students to appreciate the value of economic analysis in understanding both economic problems and a wider range of social and political issues. The programme will equip students with a thorough grounding in the theory, concepts, principles and techniques of the core subject areas of the discipline: macroeconomics, microeconomics and quantitative analysis. It aims to give students a firm foundation of knowledge of the workings of the UK economy and the ability to use that knowledge in a range of contexts. It develops in students the ability to apply economic analysis to theoretical and applied problems in economics and to evaluate policy options.

Through the study of economics, the Programme encourages a range of transferable discipline-specific and core skills that will be of value to students in future education and in their subsequent careers. It aims to interest students in the breadth and depth of economic analysis by offering them the opportunity across the three years of study to acquire knowledge and technique in a number of specialised areas. These include industrial economics, public finance, social economics, welfare economics, economic history, labour economics and international economics.

The Programme offers students in Year 1 the opportunity to acquire detailed knowledge and technique in Microeconomics and Macroeconomics as well as the possibility of following optional modules in Accounting and Management.

YEAR 1 - REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1546 Economic History

Plus one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

And two double modules or

one double and two single modules from

BS1545 Contemporary Economic Issues BS1503 Introduction to Accounting BS1505 Legal Studies

Autumn Spring

BS1530 Principles of Business Management

BS1630 Principles of Marketing and Strategy

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L160

BSc Economics with a European Language

(French)

L1R2

BSc Economics with a European Language

(German)

L1R4

BSc Economics with a European Language

(Spanish)

AIMS OF THE PROGRAMME

The Economics with a European Language degree programme aims to provide students with both a sound understanding of the method, content and scope of economic analysis and a high level of ability to work in their chosen foreign language. It will stimulate students to appreciate the value of economic analysis in understanding international economic problems and related social and political issues. The Programme equips students with a thorough grounding in the theory, concepts, principles and techniques of the core subject areas of the discipline: macroeconomics, microeconomics, quantitative analysis and international economics. It aims to give students a firm foundation of knowledge of the workings of the UK and the international economy and their problems, and develop the ability, using economic analysis, to evaluate alternative policy options.

The Programme aims to provide students with a competence in a specified European language and knowledge of the economy of the country of that language. Through the study of Economics with a language, the Programme encourages a range of transferable discipline-specific and core skills that will be of value to students in future education and in their subsequent careers. It aims to interest students in the breadth and depth of economic analysis by offering them the opportunity over the four years of study to acquire knowledge and technique in a number of specialised areas. These include public finance, welfare economics, economic history, labour economics and international economics.

The Programme offers students in Year 1 the opportunity to acquire detailed knowledge and technique in Microeconomics and Macroeconomics as well as the possibility of following optional modules in Accounting and Management.

YEAR 1 - REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1546 Economic History

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Plus one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

One double module or two single modules from

BS1545 Contemporary Economic Issues BS1503 Introduction to Accounting

Autumn Spring

BS1530 Principles of Business Management

BS1630 Principles of Marketing and Strategy

And one of the following language modules

BS1701 Vocational Language Skills I (French) BS1702 Vocational Language Skills I (Spanish) BS1703 Vocational Language Skills I (German)

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LN13

BSc (Econ) Economics and Finance

AIMS OF THE PROGRAMME

The aim of the Economics and Finance programme is to provide students with a thorough understanding of the disciplines of economics and finance. It seeks to enable students to study particular aspects of these and cognate disciples within a coherent structure. The degree programme is organised to develop students’ academic and technical skills and to provide the breadth of understanding that is essential for successful careers in economics, finance and business.

Through the study of economics and finance, the Programme encourages a range of transferable discipline-specific and core skills that will be of value to students in future education and in their subsequent careers. It aims to interest students in the breadth and depth of economic and finance analysis by offering them the opportunity across the three years of study to acquire knowledge and technique in a number of specialised areas. These include monetary economics, financial economics, international finance and business finance.

The Programme offers students in Year 1 the opportunity to acquire detailed knowledge and technique in Microeconomics, Macroeconomics, Accounting, Management and Finance

YEAR 1 – REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1503 Introduction to Accounting

Plus one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

and one compulsory single module per semester

BS1530 Principles of Business Management

BS1610 Introduction to Finance

And one double module from

BS1545 Contemporary Economic Issues BS1546 Economic History

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LN12

BSc (Econ) Economics and Management Studies

AIMS OF THE PROGRAMME

The Economics and Management degree programme aims to equip students with a thorough grounding in the concepts, principles and techniques of the core areas of both economics and management: including microeconomics, quantitative analysis, marketing and strategic management. It provides students with an understanding of economic and management theory, particularly that which focuses on the efficiency, the competitive position, the organisational characteristics and the strategic objectives of the modern business enterprise. It aims to give students a firm understanding of the structure of business decision making, and an appreciation of how economic and management perspectives can improve such decision-making. It informs students of the main features of the UK industrial economy and the key developments in business and management. It develops in students the ability to apply economic and management analysis, including quantitative techniques, to problems within the business economy and to evaluate alternative policy options. Through the study of business economics and management, the Programme encourages a range of transferable discipline-specific and core analytical skills that will be of value to students in their subsequent careers. It introduces students to a wide range of subject areas in both the economics and management disciplines by offering them the opportunity to follow various optional modules, including in Year 1 Contemporary Economic Issues, Economic History and People in Organisations.

YEAR 1 - REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1528 Marketing

And one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics And one compulsory single module per semester

Autumn Spring

BS1530 Principles of Business Management

BS1629 Business Environment

And one double module from:

BS1545 Contemporary Economic Issues BS1546 Economic History

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N3R9

BSc (Econ) Banking and Finance with a European

Language (French)

N3R2

BSc (Econ) Banking and Finance with a European

Language (German)

N3R4

BSc (Econ) Banking and Finance with a European

Language (Spanish)

AIMS OF THE PROGRAMME

The Banking and Finance with a European language degree programme provides students with a thorough understanding of the method, content and scope of economic analysis, particularly in the fields of money, banking and finance and a high level of competence working in their chosen foreign language. It aims to stimulate students intellectually to appreciate the value of economic analysis in understanding economic problems and equip them with a thorough grounding in the theory, concepts, principles and techniques of core subject areas of the discipline: macroeconomics, microeconomics, quantitative analysis, monetary economics and financial economics. It gives students a firm foundation of knowledge in the workings of the UK economy, with an emphasis on the banking and financial sectors, and the ability to use that knowledge in a range of contexts.

The Programme aims to provide students with a competence in a specified European language and knowledge of the economy of the country of that language. Through the study of Banking and Finance with a language, the Programme encourages a range of transferable discipline-specific and core skills that will be of value to students in future education and in their subsequent careers. Over the four years of study, the Programme offers the students opportunity to acquire detailed knowledge and technique in the specialise areas of monetary Economics, Economics of Banking, International Finance and Financial Economics.

The Programme offers students in Year 1 the opportunity to acquire detailed knowledge and technique in Microeconomics and Macroeconomics as well as the possibility of following optional modules in Accounting and Management.

YEAR 1 – REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1503 Introduction to Accounting

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Plus one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

One double module from or two single modules from:

BS1545 Contemporary Economic Issues BS1546 Economic History BS1505 Legal Studies Autumn Spring BS1530 Principles of Business Management BS1610 Introduction to Finance

And one of the following language modules

BS1701 Vocational Language Skills I (French) BS1702 Vocational Language Skills I (Spanish) BS1703 Vocational Language Skills I (German)

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L1R9

BSc (Econ) in Business Economics with French

L1RX

BSc (Econ) in Business Economics with German

L1RY

BSc (Econ) in Business Economics with Spanish

AIMS OF THE PROGRAMME

The Business Economics with a European language degree programme provides students with an understanding of economic theory, particularly that which focuses on the organisational and managerial characteristics of the modern business enterprise, and a high level of competence working in their chosen foreign language. It aims to give students a firm understanding of the structure of business decision making, and an appreciation of how theoretical and quantitative economic perspectives can improve such decision making. It equips students with a thorough grounding in the theory, concepts, principles and techniques of the core subject areas of the discipline, including microeconomics, quantitative analysis and managerial economics.

The Programme aims to provide students with a competence in a specified European language and knowledge of the economy of the country of that Language. Through the study of Business Economics with a language, the Programme encourages a range of transferable discipline-specific and core skills that will be of value to students in future education and in their subsequent careers.

The Programme offers students in Year 1 the opportunity to acquire detailed knowledge and technique in Microeconomics and Macroeconomics as well as the possibility of following optional modules in Accounting and Management.

YEAR 1 REQUIREMENTS Two compulsory double modules

BS1501 Applied Statistics and Mathematics in Economics and Business BS1546 Economic History

Plus one compulsory double module per semester Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

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One double module or two single modules from:

BS1545 Contemporary Economic Issues BS1503 Introduction to Accounting

Autumn Spring

BS1530 Principles of Business Management

BS1630 Principles of Marketing and Strategy

And one of the following language modules

BS1701 Vocational Language Skills I (French) BS1702 Vocational Language Skills I (Spanish) BS1703 Vocational Language Skills I (German)

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JOINT HONOURS DEGREE PROGRAMMES

Information on the aims of each of these degree programmes can be found in the booklets produced by the appropriate School within the Faculty of Humanities & Social Studies.

LL12

BSc (Econ) Politics and Economics

YEAR 1 - REQUIREMENTS One compulsory double module

BS1501 Applied Statistics and Mathematics in Economics and Business And one compulsory double module per semester

Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

PLUS 60 CREDITS IN POLITICS

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VL11

BA History and Economics

VL51

BA Philosophy and Economics

RL11

BA French and Economics

RL21

BA German and Economics

RL31

BA Italian and Economics

LR14

BA Spanish and Economics

YEAR 1 - REQUIREMENTS

One compulsory double module per semester

Autumn Spring

BS1551 Microeconomics BS1652 Macroeconomics

PLUS 80 CREDITS AS ALLOWED FROM THE HUMANITIES BA SUBJECT LIST. LANGUAGE DEGREES WILL HAVE COMPULSORY MODULE REQUIREMENTS

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YEAR ONE

MODULE

DESCRIPTIONS

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BS1501 - Applied Stats & Maths in Econ & Business

School Cardiff Business School

Department Code CARBS0 Module Code BS1501

Number of Credits 20 Level L4

Module Leader Dr Saeed Heravi

Semester Double Semester

Academic Year 2013/4

Outline Description of Module

The aim of the module is to provide non-specialist mathematicians with an introduction and grounding on mathematical and statistical tools necessary for quantitative analysis within business, economic and accounting environments.

On completion of the module a student should be able to

A Knowledge and Understanding:

 display a sound understanding of certain mathematical and statistical methods to enable a broad range of data analysis approaches.

 appreciate the value and completeness of these mathematical and statistical methods in helping to understand varying business/economic activity.

 display the progression of intellectual development beyond analysis to synthesis and evaluation.

B Intellectual Skills:

 acquire the necessary grounding in the theory, concepts, assumptions and techniques of the varying methods.

C Discipline Specific Skills:

 display the ability to appreciate and assess empirical work, and therefore learn to employ the correct technique for specific problems.

D Transferable Skills:

 display transferable subject-specific and core skills.

 understanding the progression from problem formulation to solution identification.

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How the module will be delivered

The formal timetabled components of the module comprise 34 hours of lectures and 8 hours of tutorials. The lecture programme is supported by detailed handouts, which strive to challenge and empower students to attempt tutorial questions, which are closely integrated to the lecture material. Students are supported throughout the module through the provision of regular surgeries (18-20 hours per year), advertised weekly lecturer private consultation, revision sessions and e-mail student-lecturer contact.

Indicative study hours: 200

How the module will be assessed

The examinations contain a range of questions designed to cover the learning outcomes for the module and to test skill development. Questions set are not only designed to test students’ basic knowledge and comprehension of the syllabus, but also to assess their ability to apply such knowledge in particular contexts. Questions require a combination of numerical and written answers, which test students’ development of intellectual, communication, numeric and reasoning skills, as well as subject-specific knowledge.

A varied range of tutorial, examination-standard, questions are designed to stimulate independent learning and to provide an ongoing mechanism for assessing the extent to which students are meeting the module’s learning outcomes. Students are encouraged throughout the module to submit queries, etc., to the module co-ordinator for discussion and where appropriate, marking.

Assessment Breakdown

Type % Title Duration(hrs) Week

Examination - Autumn

Semester 20

Applied Stats & Maths In Econ

& Business 1 N/A

Examination - Spring

Semester 80

Applied Stats & Maths In Econ

& Business 3 N/A

Syllabus content

Functions, first and second derivatives. Applications including elasticity of demand. Partial differentiation, method of Lagrange multipliers. Series, including application within Investment Appraisal. Matrices, including applications to solving simultaneous equations and Lieontief input-output analysis. Linear programming, including shadow prices and sensitivity of the solution. Summarising information, including percentage frequency and cumulative frequency tables. Graphical presentation of data including Bar chart, Histogram. Summary Statistics for raw and grouped data including measures of central tendency. Probability, including binomial, Poisson and normal distributions. Central Limit Theorem, including the sampling distribution of percentages, point and confidence interval estimation. Hypothesis testing. Correlation and Regression including significance of rank correlation.

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Indicative Reading and Resource List

Anderson, Sweeney, Williams, Freeman, and Shoesmith (2007) Statistics for Business and Economics, West, Saint Paul, MN.

Curwin, J. and Slater, R. (2001) Quantitative Methods for Business Decisions,

Thomson Learning.

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BS1503 - Introduction to Accounting

School Cardiff Business School

Department Code CARBS0 Module Code BS1503

Number of Credits 20 Level L4

Module Leader Mr Malcolm Anderson

Semester Double Semester

Academic Year 2013/4

Outline Description of Module

The aim of the module is to provide non-specialist accounting students with an introduction to financial accounting, management accounting and financial management

On completion of the module a student should be able to

A Knowledge and Understanding:

 appreciate the purpose of accounting and its utility to user groups.

 understand the double-entry book-keeping system of recording business transactions.

 outline the accounting concepts and conventions governing the preparation of accounts for sole traders, partnerships and limited companies.

 recognise the need for control in the accounting system of a simple business organisation.

 show an awareness of a range of techniques available to interpret financial statements and appreciate their utility and limitations.

 discuss the basic methods of finance available to business entities.

 understand the role, utility and limitations of the cash flow statement.

 outline the nature and role of management accounting in simple business organisations

 identify basic cost types and understand cost behaviour and its relevance in the decision-making process of a simple business organisation.

 recognise the importance of product costing to a business entity.

 show an awareness of the budgeting process for an entity.

 understand a range of management accounting techniques used to support the decision-making activities of an organisation.

B Intellectual Skills:

 synthesise and evaluate accounting data.

 solve problems, including the ability to manipulate financial and other numerical data.

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C Discipline Specific Skills:

 use double-entry book-keeping to record the transactions of a simple business entity.

 apply the accounting concepts and conventions governing the preparation of accounts for sole traders, partnerships and limited companies.

 identify and correct book-keeping errors.

 prepare a bank reconciliation statement.

 prepare and analyse a cash flow statement.

 analyse a set of accounts using ratio, horizontal, vertical, and trend analysis.

 apply budgeting techniques to assist in an organisation’s short-term planning activities.

 utilise traditional absorption costing methods to cost products.

 use Cost-Volume-Profit and Contribution analysis techniques to facilitate short-term organisational decision-making.

 apply investment appraisal techniques to assist in an organisation’s long-term decision-making activities.

D Transferable Skills:

 communicate ideas and principles effectively by written means.

 present ideas orally in an informal class setting.

 exercise initiative, self-reliance and independent study skills.

 display time management skills.

 exercise numeracy and problem-solving skills.

 appreciate alternative viewpoints.

 access and utilise information in traditional (e.g. library) form.

How the module will be delivered

The formal components of the module comprise 34 hours of lectures and 10 hours of classes. However, given that the study of accountancy at an introductory level requires students to assimilate a body of knowledge, then become proficient in the application of such knowledge to a range of specific contexts, an effective teaching strategy and learning support structure is imperative. The lecture programme, supported by detailed handouts and subsequent structured reading (recommended reading is detailed in the handouts), strive to challenge and empower students to attempt class questions, which are closely integrated to the lecture material. Classes allow students to demonstrate the comprehension and application of techniques introduced in lectures, as well as providing a means to clarify areas of difficulty. Students are given study packages with a wide range of questions (including past examination questions), and answers, to test understanding and application of key areas of the syllabus to enable module learning outcomes to be attained. Students are supported throughout the module by the provision of catch-up classes, advertised weekly student-lecturer private consultation sessions, revision sessions and email student-lecturer contact.

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How the module will be assessed

The examinations contain a range of questions designed to cover the learning outcomes for the module and to test skill development. Questions set are not only designed to test students’ basic knowledge and comprehension of the syllabus, but also to assess their ability to apply such knowledge in particular contexts. Questions require a combination of numerical and written answers, which test students’ development of intellectual, communication, numeric and reasoning skills, as well as subject-specific knowledge.

Informal assessment is provided through tutorial questions, marked by students themselves. A varied range of tutorial, examination-standard, questions are designed to stimulate independent learning and to provide an ongoing mechanism for assessing the extent to which students are meeting the module’s learning outcomes. Similarly, study package questions are self-assessed. In order to provide an indicator of knowledge assimilation mid way through the Autumn Semester, an unannounced short-answer (self-marked) test is given in one of the lecture slots. Students are encouraged throughout the module to submit queries, essay plans, etc., to the module co-ordinator for discussion and, where appropriate, marking

Assessment Breakdown

Type % Title Duration(hrs) Week

Examination - Autumn

Semester 20

Introduction To

Accounting 1 N/A

Examination - Spring Semester 80 Introduction To

Accounting 3 N/A

Syllabus content

What is accounting?; recording economic activity and control systems; issues of valuation, measurement and disclosure; adjustment of the trial balance; the final accounts; finance and business structure; cash flow statements; interpretation of financial statements; introduction to management accounting; budgets and budgeting; accounting for overheads; cost behaviour and Cost-Volume-Profit analysis; decision-making in the short- and long-run.

Indicative Reading and Resource List

Berry, A. and R. Jarvis (2006) Accounting in a Business Context, 4th edition, Chapman & Hall.

Dyson, J. R. (2007) Accounting for Non-Accounting Students, 7th edition, FT Prentice Hall.

Jones, M. (2006) Accounting for Non-Specialists, 2nd edition, John Wiley & Sons. Marriott, P., J.R. Edwards and H. J. Mellett (2002) Introduction to Accounting, 3rd edition, Sage Publications.

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McLaney, E. and P. Atrill (2008) Accounting: An Introduction, 4rd edition, FT Prentice Hall.

Weetman, P. (2006) Financial & Management Accounting: An Introduction, 4rd edition, FT Prentice Hall

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BS1505 - Legal Studies

School Cardiff Business School

Department Code CARBS0 Module Code BS1505

Number of Credits 20 Level L4

Module Leader Dr Simon Norton

Semester Double Semester

Academic Year 2013/4

Outline Description of Module

The Legal Studies module is designed to provide students with a comprehensive understanding of the court structure, procedures and personnel of the legal systems of the United Kingdom and the European Union. The law relating to contractual and tortious liability is also considered in detail.

On completion of the module a student should be able to

A Knowledge and Understanding:

 understand the fundamental principles of the unwritten constitution of the United Kingdom.

 understand, compare and contrast the remedies available to a claimant in a civil action in respect of tortious liability or breach of contract

 understand, compare and contrast the defences which may be available to a defendant in a civil action

 understand the legal rights and responsibilities arising in the workplace as derived from both common law and statutory sources

 understand the legal protection of ideas, concepts and data with particular application to information technology

 understand and contrast the legal philosophies guiding legal reform in the UK

 to have synthesised a practical repetoire of knowledge which will help them, and which they will apply, in their future careers in business or in general management

B Intellectual Skills:

 the ability to differentiate between different sources of law.

 the ability to critically assess options available to participants in civil and criminal actions.

C Discipline Specific Skills:

 to gain an indepth knowledge of issues relating to parliamentary sovereignty in the United Kingdom.

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 to understand the nature of the participation of the United Kingdom within the European Union.

D Transferable Skills:

 critical analysis

 writing coherently on legal issues impacting across all aspects of professional and personal life.

How the module will be delivered

The formal time tabled elements consist of 34 lectures and 8 hours of tutorials. The students are encouraged to read widely, understand and critically appraise the material. The lectures provide the students with a baseline, benchmark knowledge. These are supported by detailed handouts, and structured reading. Extensive use is made of internet-based resources which students are required to find for themselves, and utilise in their tutorials and written work.

Indicative study hours: 200

How the module will be assessed

Formal assessment is by means of a three hour examination at the end of the Spring semester, and one 1,500 word essay, to be submitted at the end of the Autumn semester. The examination contains a range of questions designed to test students knowledge, comprehension and analytical skills. Students are particularly encouraged to demonstrate their reading and critical appraisal skills. The eight questions set are designed to fully assess the students skills and knowledge, as well as their appreciation of international issues and developments.

Assessment Breakdown

Type % Title Duration(hrs) Week

Examination - Spring Semester 70 Legal Studies 3 N/A

Written Assessment 30 Coursework N/A 10

Syllabus content

Definitions of law; differences between criminal and civil actions; the Common Law and doctrine of Precedent; legislation and the supremacy of Parliament; legislative process, and pressure groups; powers, duties, composition of the institutions of the European Union, personnel within the legal profession, including training and functions; criminal courses structure, including magistrates and juries; development of equity and equitable remedies and procedures including trusts; tortious liability, including the concept of duty of care; defence to a tortious action; contract law – components of a contract, comprising offer, acceptance, consideration, intention to create legal relations, vitiating factors in contract formation, limitation of liability in contracts, application of UCTA 1977 and subsequent legislation; assessment of damages for breach of contract, practical application of contractual principles;

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employment law – common law and statutory rights and duties including health and safety legislation; agency – rights and duties arising in the principal agent relationship; information technology and its legal environment.

Indicative Reading and Resource List

Bradley, A.W. and K.D. Ewing, 2003, Constitutional and Administrative Law, 13th Edition, Longman.

Douglas-Scott, Sionaidh, 2002, Constitutional Law of the European Union, First Edition, Longman.

Walkerand Walker, English Legal System, Butterworths.

Darbyshire, Penny, 1996, Eddey on the English Legal System, Sixth Edition, Sweet and Maxwell.

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BS1509 - Introduction to Financial and Management

Accounting

School Cardiff Business School

Department Code CARBS0 Module Code BS1509

Number of Credits 20 Level L4

Module Leader Dr Susan Bartlett

Semester Autumn Semester

Academic Year 2013/4

Outline Description of Module

The aims of the module are to develop fundamental accounting and information management skills.

On completion of the module a stud ent should be able to

A Knowledge and Understanding:

 show a knowledge of the double-entry book-keeping process.

 outline the accounting concepts and conventions governing the preparation of accounts and understand the nature of profit in the context of the business entity.

 recognise the need for control in the accounting system of a simple business organisation.

 outline the nature and role of management accounting in simple business organisations.

 identify basic cost types and understand their behaviour and relevance in the decision making process of a simple business organisation.

 differentiate management accounting concepts regarding information for control, profit measurement and decision making for a simple business organisation.

 outline appropriate information systems for accounting and managerial needs.

 recognise the need for an efficient system of storing, retrieving and interrogating business information.

B Intellectual Skills:

 synthesise and evaluate accounting data.

 solve problems, including the ability to manipulate financial and other numerical data.

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C Discipline Specific Skills:

 demonstrate the application of the double-entry book-keeping process through the preparation of a set of accounts for simple business

organisations, clubs and societies, from complete and incomplete accounting records.

 apply the accounting concepts and conventions governing the preparation of accounts.

 identify and correct keeping errors through the application of the book-keeping process.

 prepare reconciliation statements and control accounts for simple business organisations through the application of the book-keeping process.

 allocate costs for product costing purposes.

 apply a range of accounting techniques to assist an organisation’s planning, decision-making and control.

 model accounting data based upon various business scenarios, and analyse sensitivity, through spreadsheet utilisation.

 set up and interrogate a database of business information.

 present business accounting and management information suitable for its intended audience.

D Transferable Skills:

 communicate ideas and principles effectively by written means.

 present work in a formal, oral presentation.

 work effectively within a group.

 exercise initiative, self reliance and time management skills and work independently.

 appreciate alternative viewpoints.

 exercise numeracy, problem solving and IT skills.

 store, retrieve and interrogate information using a database management system

 model data using a spreadsheet.

 access and utilise information in traditional (e.g. library) and IT (e.g. the Internet, databases) form.

 reflect on the skills gathered from the learning process.

How the module will be delivered

The formal timetabled components of the module comprise 26 hours of lectures and 14 hours of small-group feedback sessions. However, as students need to assimilate a basic body of accounting knowledge and demonstrate a proficiency in the application of this knowledge to a range of contexts, an effective teaching strategy and learning support structure is imperative. A detailed workbook and a structured reading list are given to students in order to encourage the completion of feedback session questions, which build upon the material covered in lectures. Additional questions and answers are distributed in the twice-weekly feedback sessions, thus offering students adequate essential practice at answering accounting questions. Moreover, past exam questions (and answers) for the Autumn and Spring examinations are available on Learning Central. Student

References

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