ECM122-Small Business Economics

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Nigel Wadeson


Summary module description:
A coverage of theory and data on the economics of small firms.

To provide students with an understanding of the importance of small firms and of theory relevant to them.
To give a knowledge of empirical evidence on small firms.

Assessable learning outcomes:
-A full understanding of the contribution of small and medium size enterprises (SMEs) to employment, output, innovation and economic growth.
-A grasp of theories relevant to SMEs, and the distinctive differences between SMEs and large firms.

Additional outcomes:

Outline content:
-Small businesses: definitions & statistics
-The birth of firms
-The death of small firms
-The growth of small firms
-Small firms and innovation
-Government Policies

Brief description of teaching and learning methods:
Attendance at 9 x 2 hour sessions of lectures, with opportunity for questions and discussions, 1 x 2 hour test and 1 x 1 hour revision session.

Contact hours:
  Autumn Spring Summer
Lectures 20 1
Guided independent study 159 20
Total hours by term 20.00 160.00 20.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 70
Written assignment including essay 20
Class test administered by School 10

Other information on summative assessment:
One 3,000 word essay submitted by a specified date and one 2-hour test.

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information:

Length of examination:
One 2-hour unseen written paper, intended to be comprehensive of everything covered in the module.
Postgraduate examinations are held in the Summer term.

Requirements for a pass:
A minimum weighted average mark of coursework and examination of 50%.

Reassessment arrangements:
Re-examination for all modules takes place in August/September of the same year.
Re-assessment is by examination only; coursework is not included at the second attempt.

Additional Costs (specified where applicable):
1) Required text books: Storey and Greene, Small Business and Entrepreneurship, RRP £58.99.
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

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