UNDERGRADUATE PROGRAMME HANDBOOK

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) INTERCALARY YEAR

2013 Cardiff Business School CBS0240 Created by CARBS Quality and Accreditation Office v2.0

Economics Programmes 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All students are notified that the modules advertised or referred to in this catalogue are liable to be changed or withdrawn both before or after selection, for any reason including those set out below.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. 2013 Cardiff Business School Page 3 of 278

Undergraduate Programme Handbook 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 N3R2 N3R4 BSc (Econ) Banking and Finance with a European Language (French) --------------------------------------------------------------------------------- 27 BSc (Econ) Banking and Finance with a European Language (German) ------------------------------------------------------------------------------- 27 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 L1RY BSc (Econ) in Business Economics with Spanish --------------------------- 29 Page 4 of 278 Cardiff University

Economics Programmes 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 YEAR TWO PROGRAMME STRUCTURES ------------------------------------------------- 85 2013 Cardiff Business School Page 5 of 278

Undergraduate Programme Handbook 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 N3R2 N3R4 BSc (Econ) Banking and Finance with a European Language (French) --------------------------------------------------------------------------------- 92 BSc (Econ) Banking and Finance with a European Language (German) ------------------------------------------------------------------------------- 92 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 BS2514 - Financial Markets & Institutions ------------------------------------------------- 107 Page 6 of 278 Cardiff University

Economics Programmes 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 BS4009 - Intercalary Study Programme in Europe -------------------------------------- 179 2013 Cardiff Business School Page 7 of 278

Undergraduate Programme Handbook YEAR THREE (YEAR FOUR FOR LANGUAGE STUDENTS) PROGRAMME STRUCTURES --------------------------------------------------------------------------------------- 181 N300 BSc (Econ) Banking and Finance --------------------------------------------- 182 N3R9 N3R2 N3R4 BSc (Econ) Banking and Finance with a European Language (French) ------------------------------------------------------------------------------- 183 BSc (Econ) Banking and Finance with a European Language (German) ----------------------------------------------------------------------------- 183 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 BS3515 - Financial Derivatives --------------------------------------------------------------- 202 Page 8 of 278 Cardiff University

Economics Programmes 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 BS3741 - Marketing Decision Making ------------------------------------------------------ 275 2013 Cardiff Business School Page 9 of 278

Undergraduate Programme Handbook 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 Page 10 of 278 Cardiff University

Economics Programmes 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 CARBS-UGoffice@cf.ac.uk General queries and submission of assignments CARBS Student Records Room: E25 CARBS_StuQueries@cardiff.ac.uk Queries regarding Extenuating Circumstances, your (SIMS) student record, Appeals CARBS Student Support Room Q09 CARBSstudentSupport@cardiff.ac.uk Housing/Accommodation, Student Finance, Immigration, Personal & Course Issues CARBS Careers Centre Room Q09 McElroyJK@cardiff.ac.uk Careers advice, job application assistance, CV writing, mock interviews Programme Directors Economics Programmes Professor Trevor Boyns Room E34 Boyns@cardiff.ac.uk Joint Honours Programmes with a Humanities Subject Dr Kevin Stagg Room D06 StaggK@cardiff.ac.uk 2013 Cardiff Business School Page 11 of 278

Undergraduate Programme Handbook 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. Page 12 of 278 Cardiff University

Economics Programmes 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. 2013 Cardiff Business School Page 13 of 278

Undergraduate Programme Handbook 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. Page 14 of 278 Cardiff University

Economics Programmes 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 R26 or by emailing elpincarbs@cf.ac.uk. 2013 Cardiff Business School Page 15 of 278

Undergraduate Programme Handbook 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) Page 16 of 278 Cardiff University

Economics Programmes 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 04 May Revision/Reading Week (No Lectures) 05 09 May 2014 Examinations Start 12 May 2014 Examinations End 13 June 2014 Exam Resit Period 11 22 August 2014 2013 Cardiff Business School Page 17 of 278

Undergraduate Programme Handbook YEAR ONE PROGRAMME STRUCTURES Page 18 of 278 Cardiff University

Economics Programmes 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 2013 Cardiff Business School Page 19 of 278

Undergraduate Programme Handbook 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 *Continued on next page* Page 20 of 278 Cardiff University

Economics Programmes 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 BS1509 BS1611 BS1610 Group 2 One double in the Autumn Semester Introduction to Financial and Management Accounting Two single modules in the Spring Semester Fundamentals of Financial Reporting Introduction to Finance * Note that students may not combine modules from Groups 1 and 2 2013 Cardiff Business School Page 21 of 278

Undergraduate Programme Handbook 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 Page 22 of 278 Cardiff University

Economics Programmes L160 L1R2 L1R4 BSc Economics with a European Language (French) BSc Economics with a European Language (German) 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. BS1501 BS1546 YEAR 1 - REQUIREMENTS Two compulsory double modules Applied Statistics and Mathematics in Economics and Business Economic History *Continued on next page* 2013 Cardiff Business School Page 23 of 278

Undergraduate Programme Handbook 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) Page 24 of 278 Cardiff University

Economics Programmes 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 BS1610 Introduction to Finance Management And one double module from BS1545 Contemporary Economic Issues BS1546 Economic History BS1505 Legal Studies 2013 Cardiff Business School Page 25 of 278

Undergraduate Programme Handbook 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 BS1629 Business Environment Management And one double module from: BS1545 Contemporary Economic Issues BS1546 Economic History BS1529 People in Organisations Page 26 of 278 Cardiff University

Economics Programmes N3R9 N3R2 N3R4 BSc (Econ) Banking and Finance with a European Language (French) BSc (Econ) Banking and Finance with a European Language (German) 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. BS1501 BS1503 YEAR 1 REQUIREMENTS Two compulsory double modules Applied Statistics and Mathematics in Economics and Business Introduction to Accounting *Continued on next page* 2013 Cardiff Business School Page 27 of 278

Undergraduate Programme Handbook 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 BS1610 Introduction to Finance Management 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) Page 28 of 278 Cardiff University

Economics Programmes L1R9 L1RX L1RY BSc (Econ) in Business Economics with French BSc (Econ) in Business Economics with German 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 *Continued on next page* 2013 Cardiff Business School Page 29 of 278

Undergraduate Programme Handbook BS1545 BS1503 BS1530 BS1701 BS1702 BS1703 One double module or two single modules from: Contemporary Economic Issues Introduction to Accounting Autumn Spring Principles of Business BS1630 Principles of Marketing and Management Strategy And one of the following language modules Vocational Language Skills I (French) Vocational Language Skills I (Spanish) Vocational Language Skills I (German) Page 30 of 278 Cardiff University

Economics Programmes 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 *Continued on next page* 2013 Cardiff Business School Page 31 of 278

Undergraduate Programme Handbook VL11 VL51 RL11 RL21 RL31 LR14 BA History and Economics BA Philosophy and Economics BA French and Economics BA German and Economics BA Italian and Economics 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 WITH THE HOME SCHOOL Page 32 of 278 Cardiff University

Economics Programmes YEAR ONE MODULE DESCRIPTIONS (in order of module code) 2013 Cardiff Business School Page 33 of 278

Undergraduate Programme Handbook 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. Page 34 of 278 Cardiff University

How the module will be delivered Economics Programmes 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 student-lecturer private consultation, revision sessions and e-mail studentlecturer 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 coordinator for discussion and where appropriate, marking. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester Examination - Spring Semester Syllabus content 20 80 Applied Stats & Maths In Econ & Business Applied Stats & Maths In Econ & Business 1 N/A 3 N/A 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. 2013 Cardiff Business School Page 35 of 278

Undergraduate Programme Handbook 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. Waters, D. (2001) Quantitative Methods for Business, Financial Times/Prentice Hall Page 36 of 278 Cardiff University

Economics Programmes 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. exercise powers of inquiry and logic. 2013 Cardiff Business School Page 37 of 278

Undergraduate Programme Handbook 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. Indicative study hours: 200 Page 38 of 278 Cardiff University

How the module will be assessed Economics Programmes 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 Examination - Spring Semester 80 Syllabus content Introduction To Accounting Introduction To Accounting 1 N/A 3 N/A 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, 4 th Chapman & Hall. edition, Dyson, J. R. (2007) Accounting for Non-Accounting Students, 7 th edition, FT Prentice Hall. Jones, M. (2006) Accounting for Non-Specialists, 2 nd edition, John Wiley & Sons. Marriott, P., J.R. Edwards and H. J. Mellett (2002) Introduction to Accounting, 3 rd edition, Sage Publications. 2013 Cardiff Business School Page 39 of 278

Undergraduate Programme Handbook McLaney, E. and P. Atrill (2008) Accounting: An Introduction, 4 rd edition, FT Prentice Hall. Weetman, P. (2006) Financial & Management Accounting: An Introduction, 4 rd edition, FT Prentice Hall Page 40 of 278 Cardiff University

BS1505 - Legal Studies Economics Programmes 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. 2013 Cardiff Business School Page 41 of 278

Undergraduate Programme Handbook 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 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; N/A Page 42 of 278 Cardiff University

Economics Programmes 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, 13 th 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. Smith and Keenan s English Law, 1995, Eleventh Edition, Pitman Publishing 2013 Cardiff Business School Page 43 of 278

Undergraduate Programme Handbook 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 student 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. exercise powers of inquiry and logic. Page 44 of 278 Cardiff University

Economics Programmes 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 book-keeping errors through the application of the bookkeeping 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 2013 Cardiff Business School Page 45 of 278

Undergraduate Programme Handbook support is given through the high formal contact of 5 hours per week, informally through private consultation with any of the staff members on the teaching team, through revision sessions and e-mail student lecturer/tutor contact. Indicative study hours: 200 How the module will be assessed The purposes of the coursework are to test accounting knowledge, to assess ability to use a spreadsheet, to develop oral presentation skills, to test how well the students can work in a group environment without direct supervision, and also to assess self-awareness and the ability to articulate the skills learned from the coursework overall. The Autumn examination tests knowledge and understanding of double-entry book-keeping principles. The Spring examination contains a range of questions designed to cover the learning outcomes for the module and to test skills development. It aims to test knowledge and comprehension of the syllabus as well as testing students ability to apply such knowledge in particular contexts. Questions require a combination of both written and numerical answers, which test students development of intellectual, communication, numeric and reasoning skills, as well as subject-specific knowledge. Informal assessment is provided through feedback session questions, marked by students themselves. A varied range of 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, some questions in the workbook are self-assessed. Feedback sessions are designed to answer any queries regarding previously distributed questions, but additional exercises are given to students in each class, in order to increase students exposure to the topic under consideration. Student problems are dealt with by the tutor on a one-to one basis and all students are encouraged to submit queries either in the class or afterwards with any member of the module team. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester Examination - Spring Semester Written Assessment Syllabus content 20 50 30 Introduction To Financial And Management Accounting Introduction To Financial And Management Accounting Introduction To Financial And Management Accounting - Written And Group Assignment 1 N/A 2 N/A N/A 11 Double-entry book-keeping. The balance sheet. The profit and loss account. Accruals and prepayments. Debtors and provisions for doubtful debts. Depreciation Page 46 of 278 Cardiff University

Economics Programmes and the disposal of fixed assets. The accounts of sole traders and clubs and societies. Stock valuation and the manufacturing account. Detecting and correcting errors. Reconciliation statements. Incomplete records. The nature and significance of management accounting. Characteristics of costs. Break-even analysis. Standard costing. Budgeting. Overhead allocation. The role of management accounting concepts in providing accounting information for short term decision-making, planning and control. Business modelling and design using spreadsheets and databases; identifying model inputs and outputs; sensitivity analysis. Group work and the development of presentation skills. Indicative Reading and Resource List Marriott, Edwards and Mellett, Introduction to Accounting, 2002, Sage Publications Thomas, An Introduction to Financial Accounting, 1999, McGraw Hill Gillespie, Lewis and Hamilton, Principles of Financial Accounting, 2000, Prentice Hall Weetman, Management Accounting: An Introduction, 1999, Pearson Education Berry and Jarvis, Accounting In A Business Context, 1997, Thompson Atrill and McLaney, Management Accounting For Non-Specialists, 1999, Prentice Hall 2013 Cardiff Business School Page 47 of 278

BS1528 - Marketing Undergraduate Programme Handbook School Cardiff Business School Department Code CARBS0 Module Code BS1528 Number of Credits 20 Level L4 Module Leader Ms Andrea Beetles Semester Double Semester Academic Year 2013/4 Outline Description of Module The marketing module is designed to provide students with an understanding of the fundamental concepts of marketing. In doing so, the course equips students with basic theory, skills and essential tools to allow application of the marketing principles within the wider business environment. On completion of the module a student should be able to A. Knowledge and Understanding: display knowledge of the marketing concept and its role within organisations understand the interaction between the firm and its environment and recognise and evaluate the impact that specific environmental, market and organisational contexts have upon marketing principles and marketing practice. recognise the importance of understanding customers and researching markets identify the role and processes of market segmentation, targeting and positioning apply the fundamental marketing mix (product, promotion, price and place) elements to consumer contexts show an awareness of alternative approaches to marketing such as services marketing. B Intellectual Skills: understand, explain and apply elements of the marketing audit in a contemporary business environment understand, explain and apply elements of the marketing mix in a contemporary business environment C Discipline Specific Skills: the ability to undertake an internal and external analysis leading to a qualified and quantified SWOT analysis Page 48 of 278 Cardiff University

Economics Programmes D Transferable Skills: research skills intellectual skills (analytical, synthesizing skills) communication skills (written and oral) organisational skills (working in a group, taking initiative, time-management) interpersonal skills (working with or motivating others, flexibility/adaptability) How the module will be delivered The module has 44 hours of contact time which consists of a mixture of lecturers and virtual tutorials. The lecture programme is supported by detailed handouts and structured reading of core texts. Suggestions for further reading will be provided within the course. Lectures are aimed at demonstrating a link between academic theory and practical application. Virtual tutorials provide an innovative way to engage with the theory and apply theory to practical examples. How the module will be assessed The assignment evaluates students ability to analyse and apply basic marketing concepts and approaches within practical contexts. The examination is designed to test students knowledge of marketing together with an assessment of their ability to analyse and apply this understanding to specific contexts and problems. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Marketing 3 N/A Written Assessment 40 Coursework N/A 10 Syllabus content The marketing concept. The marketing environment. The marketing plan. Consumer behaviour. Introduction to marketing research. Introduction to market segmentation, targeting and positioning. Global Marketing. Introduction to services marketing. The Marketing Mix - product, promotion, price and place. Indicative Reading and Resource List 1. Jobber, David and Ellis-Chadwick, Fiona (2013). Principles and Practice of Marketing, 7 th Edition, McGraw Hill (core text) 2. Brassington, Frances and Stephen Pettitt (2009). Principles of Marketing, 2 nd Edition, Prentice Hall 3. Baines, Paul, Chris Fill and Kelly Page (2011). Marketing, 2 nd Edition, Oxford 2013 Cardiff Business School Page 49 of 278

Undergraduate Programme Handbook BS1529 - People in Organisations School Cardiff Business School Department Code CARBS0 Module Code BS1529 Number of Credits 20 Level L4 Module Leader Professor Andrea Whittle Semester Double Semester Academic Year 2013/4 Outline Description of Module The module provides students with an introduction to the key themes, concepts and theories relating to the study of the management of people in organisations. Particular attention is paid to organisations as the nodal points of human interaction within the business world, focusing on both the social and the psychological aspects of these relations. Students will be introduced to central ideas of the social and behavioural sciences. On completion of the module a student should be able to A Knowledge and Understanding: develop a preliminary understanding of the main sociological and psychological theories of organisation. develop an understanding of central themes in social and psychological analysis of work organisations, including individuals in organizations, groups and teams, the management of human resources, the changing work environment, fairness at work and the changing organisation of work. demonstrate a capacity to apply theories to the analysis of current developments in work organisations. B Intellectual Skills: encourage the development of intellectual skills, such as the ability critically to evaluate evidence and the ability to compare and contrast theoretical explanations. C Discipline Specific Skills: apply theoretical and conceptual information to cases in tutorial sessions. D Transferable Skills: develop listening and reading skills in lectures, tutorials and through private study. Page 50 of 278 Cardiff University

Economics Programmes develop communications skills through group discussion and presentations in tutorials. through participation in tutorials gain experience of working in small groups, exchanging information, solving problems, relating case material to theoretical models and making short oral presentations. learn how to gather information and conduct desk research by the requirement for additional reading for both lectures and tutorials. How the module will be delivered This module provides 44 hours of classes comprising a combination of lectures and tutorials. The lectures provide an introduction to a range of theoretical perspectives and key issues relating to the analysis of people in organisations. The tutorials provide a range of practical case studies that form the basis for student-centred learning based on small group discussion and presentation. Students are required to attend all tutorials and actively participate in the discussion of their tutorial groups. The lecture programme is supported by a module handbook containing details of the syllabus, teaching methods, assessment procedures, a synopsis of lecture materials, assigned readings, tutorial information, as well as in class OHP or PowerPoint presentations and notes handouts. In addition the module is supported by e-learning material. Indicative study hours: 200 How the module will be assessed Assessment is by means of a written assignment of 1500 words to be submitted before the end of the first semester, and a three-hour written examination at the end of the second semester. The assessed essay relates to key elements in the first semester. Students are expected to analyse a specific topic in some depth and are encouraged to use the critical and analytical skills they will have developed in the course of the semester in preparing their assignment. The examination is designed to test the students knowledge of material from the first and second semesters and to allow them to show their ability in understanding the various themes, concepts and theories relating to the way people interact in organisations and the role played by organisations in structuring the business environment. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 80 People In Organisations 3 Written Assessment 20 Coursework N/A 11 N/A 2013 Cardiff Business School Page 51 of 278

Undergraduate Programme Handbook Syllabus content The module presents a combination of social and behavioural sciences, and seeks to address a number of issues relevant to the study of people in organisations from the perspective of these distinct disciplines. On the one hand, it includes the study of the nature of the individual at work, including different perspectives in the study of personality, group behaviour, perception and motivation, and the movement from rationalistic and scientific approaches towards managing the social, subjective and emotional aspects of the workplace. On the other hand, it includes sociological theories of organisation, theories of rationality and bureaucracy, alienation and exploitation, and the nature of the employment relationship. Indicative Reading and Resource List The module will be supported by a reading pack comprising selected sections from a number of textbooks (and other relevant readings). Advanced readings will also be made available on Learning Central. Page 52 of 278 Cardiff University

Economics Programmes BS1530 - Principles of Business Management School Cardiff Business School Department Code CARBS0 Module Code BS1530 Number of Credits 10 Level L4 Module Leader Dr Thomas Entwistle Semester Autumn Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to familiarise students with the concepts and methods through which management and business operate. On completion of the module a student should be able to A Knowledge and Understanding: Display knowledge and understanding of the main functions of business management and the theoretical principles that inform management action. B Intellectual Skills: Apply theories to appropriate business examples. Appreciate multiple theories of business and management C Discipline Specific Skills: Demonstrate the ability to develop and present coherent and discursive arguments on business and management issues. D Transferable Skills: Develop and apply a range of academic skills, including the study, analysis, discussion and presentation of material. Develop a structured approach to recording and presenting the topics and debates covered by the module. Develop initial analysis of theoretical models and interpret empirical evidence. How the module will be delivered The module comprises 22 hours of lectures over one semester. This is supported by surgery hours with the Module Coordinator and student-centred work including library and internet research. 2013 Cardiff Business School Page 53 of 278

Undergraduate Programme Handbook Two hours of lectures are interactive based on simulated business activities for manager and director roles and operations and supply management. Indicative study hours: 200 How the module will be assessed Assessment consists of a single, two-hour examination. A range of examination questions will be set which offer the student the opportunity to demonstrate achievement of learning outcomes and skills. The questions are designed to provide assessment of the students ability to comprehend the syllabus through the application of acquired knowledge in specific contexts combined with use of reading material in references to explain and synthesise ideas and conclusions. Individual contact between student and lecturer provides feedback and discussion for the student on general queries on material read for the module and essay outlines, produced as part of examination preparation. With essay outlines an indicative mark is provided. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester Syllabus content 100 Principles Of Business Management 2 N/A National context and firms; Business Ownership; Control and legal forms of firms; Business objectives; Director and Manager roles and work; Public sector enterprise; Small businesses; Multinational firms and international business; Personnel management and current issues in Employment Relations; Operations and supply management; Management of technology and innovation. Indicative Reading and Resource List David Needle (2000) Business in Context Ian Worthington and Chris Britton (2003) Business Environment Page 54 of 278 Cardiff University

Economics Programmes BS1545 - Contemporary Economic Issues School Cardiff Business School Department Code CARBS0 Module Code BS1545 Number of Credits 20 Level L4 Module Leader Ms Caroline Joll Semester Double Semester Academic Year 2013/4 Outline Description of Module The Contemporary Economic Issues module provides the opportunity for Year 1 students with A level economics to reinforce their understanding of economic methods and analysis. Its role is to encourage such students to stretch themselves by taking on second level material and higher level learning and teaching methods. It applies many of the theoretical ideas the students are already familiar with, and which are reintroduced in the core Macroeconomic, Microeconomic and quantitative modules, to a variety of policy issues. It pulls together various elements of economic analysis, interweaving theory, data analysis and policy evaluation. Contemporary Economic Issues aims to demonstrate how economic analysis contributes to understanding and achieving efficiency, equity and sustained development. It aims to enhance students study skills as foundation for Years 2 and 3 by encouraging them to work together in small groups, to organise their time and studies effectively, to participate actively in tutorials, to prepare various forms of informal and formal assessments thoroughly, to employ electronic communication and IT facilities usefully and to develop good revision technique. On completion of the module a student should be able to A Knowledge and Understanding: identify the central objectives of economic policy, and of UK economic policy in particular outline recent performance in relation to efficiency, equity and macroeconomic development elucidate recent UK policy in relation to: product market competition, competitive tendering, wage inequalities, environmental policy, monetary and fiscal policy, growth externalities, exchange rate mechanisms, and inflation control B Intellectual Skills: analyse policy initiatives to improve economic performance; bring together macro and micro ideas and data analysis to understand economic problems better; 2013 Cardiff Business School Page 55 of 278

Undergraduate Programme Handbook assess the debates surrounding the role of markets and government in the economy. C Discipline Specific Skills: recognise the contribution of economic theory to the specification and assessment of the objectives of policy, and be able to apply the models they meet to observed outcomes, for example applying the monopoly welfare model to X-inefficiency understand the role of data analysis and quantification in economics and therefore be capable of elucidating specific debates, such as those on the costs of agricultural support appreciate the links between macroeconomics and microeconomics, and be able to demonstrate those links; indicate how economists assess the welfare consequences of economic policy; How the module will be delivered Teaching takes place in the Autumn and Spring semesters. There are approximately 34 hours of lectures and 12 hours of classes. Each core topic (macro and micro) is covered in both lectures and tutorials. In addition, each of the four core micro topics in semester 1 is linked to a workshop session. Attendance at all activities is monitored closely and students counselled accordingly. The study skills associated with lectures, reading, classes, writing and assessment are made explicit. Lectures identify the structure of the topic, cover the new material and tackle the more difficult subject matter. Each tutorial is set up as a discussion of specific reading material related to the current topic. The aim is to encourage interaction between the students and foster group/communication skills. To this end all students prepare answers in advance to questions on the reading. In the workshops students operate in small groups solving problems associated with lecture material, of both a theoretical and a quantitative nature. This provides the opportunity for students to develop their interpersonal and group working skills. Students are actively encouraged to approach staff with individual problems. Indicative study hours: 200 How the module will be assessed The module attaches a high weight to coursework. This reflects the variety and substantive nature of coursework in the module s learning and teaching. It also recognises the formative as well as summative value of assessment. Page 56 of 278 Cardiff University

Economics Programmes The module introduces a range of material and requires a variety of discipline specific and core skills. This makes it possible to include a number of different informal and self-assessment activities. Together the informal and formal assessment activities allow staff to identify whether the module s learning outcomes are being realised. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Contemporary Economic Issues 3 N/A Written Assessment 20 Coursework N/A 12 Class Test 20 Class Test N/A N/A Syllabus content Semester 1 (Microeconomic issues) The objectives of Economic Policy, Competition Policy, Inequality and Redistribution, Environmental Policy, Investment in Human Capital Semester 2 (Macroeconomic issues) Foundations of Macroeconomics, Equilibrium, Monetary and Fiscal policy, Economic Growth; Trade and the Balance of Payments, Globalisation and Economic Development Indicative Reading and Resource List John Sloman and Alison Wride (2009) Economics Seventh edition (Prentice Hall) Current and past issues of Economic Review, University of Southampton, Philip Alan 2013 Cardiff Business School Page 57 of 278

BS1546 - Economic History Undergraduate Programme Handbook School Cardiff Business School Department Code CARBS0 Module Code BS1546 Number of Credits 20 Level L4 Module Leader Mr Kevin Stagg Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to provide students with the historical background to their other economics modules and to prepare them for the second and third year modules in economic and business history, namely: Modern British Economic History, International Economic History and Business History. Students are provided with an introduction to British economic history from the industrial revolution to the present day. On completion of the module a student should be able to A Knowledge and Understanding: show an awareness of the main methodological tools used in the study of economic history demonstrate an overall knowledge and understanding of the main economic and social trends in Britain since 1750 undertake more advanced modules in economic history in the second and third years of their degrees. B Intellectual Skills: synthesise and evaluate secondary data solve problems in the historical context exercise powers of inquiry, logic, and critical analysis, interpretation and evaluation of arguments of evidence Sustain a critical argument in writing C Discipline Specific Skills: make use of the main sources of historical data employed in the subject. apply theoretical concepts to explain the development of the British economy since 1750 Page 58 of 278 Cardiff University

Economics Programmes D Transferable Skills: to be able to seek out from libraries, databases or the Internet data of a statistical or documentary nature relevant to a particular topic of study to organise and formulate arguments based on this statistical and documentary data in answer to specific questions To give oral answers to specific questions and handle questioning from members of the group write assignments or essays in a structured and well argued fashion How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be approximately 34 hours of lectures and 10 hours of classes. For each lecture students are supplied with data and/or stimulus material and are encouraged to take notes and to ask questions while the lecture is in progress. Lecture summaries are posted on the internet Blackboard database for students to download. For each class, students are provided with reading material and a series of questions on a particular topic which will be prepared in advance for discussion within the class. Indicative study hours: 200 How the module will be assessed Formal Assessment: The two essays each count for 15% of the final mark. The assignments require a basic understanding of the topics augmented with further secondary research and reading. Students on this introductory course will be given strong direction in writing the essays during the tutorial programme. Summer exam: The examination paper consists of two sections: one compulsory section (A) of 25 short answer questions, and a second section (B) consisting of 12 questions on topics selected from all parts of the course from which they have to answer three questions. Section A is designed to test students factual knowledge of the subject, and in addition in section B to test understanding and an ability to order thoughts, and present them relevantly and cogently, and demonstrate skill in written presentation. Informal assessment: Informal assessment is provided through the class programme. Classes consist of a wide variety of questions/problems, based on lecture material but requiring further reading. The class questions are designed to get students to order their material and 2013 Cardiff Business School Page 59 of 278

Undergraduate Programme Handbook their own thoughts in order to answer specific questions in a focused and relevant manner. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Economic History 3 Written Assessment 15 Coursework N/A 12 Written Assessment 15 Coursework N/A 11 Syllabus content The module provides an introduction to the economic history of Britain from the eighteenth to the twentieth centuries. First semester topics include the causes of the industrial and agricultural revolutions; population growth and the ideas of Thomas Malthus; proto-industrialisation; technological changes, capital and labour markets; transport systems; the growth of entrepreneurship; the factory system; the banking system; foreign trade and the social consequences of industrialisation. In the second semester, topics covered include Britain in the world economy; economic decline; the economic consequences of the world wars; the interwar depression; the growth of trade unions and the welfare state; the role of women in the labour market; full employment in the 1950s and 1960s, stagflation in the 1970s and the Thatcher revolution; the economy under Major, Blair and Brown including the banking crisis and current recession. Indicative Reading and Resource List C More, The industrial Age: Economy and Society in Britain 1750 1995 (Longmans, 2 nd Ed, 1997) A Digby and C Feinstein, New Directions in Economic and Social History, vol 1 (MacMillan, 1989) A Digby, C Feinstein and D Jenkins, New Direction in Economic and Social History, vol II (MacMillan, 1992) Kenneth Morgan, The Birth of Industrial Britain: Economic Change 1750 1850 (Longman, 1999) Rex Pope, The British Economy Since 1914: A Study in Decline (Longman, 1999) Eric Hobsbawm, Industry and Empire: From 1750 to the present day (Penguin, 1999) N/A Page 60 of 278 Cardiff University

BS1551 - Microeconomics Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS1551 Number of Credits 20 Level L4 Module Leader Dr Sheikh Selim Semester Autumn Semester Academic Year 2013/4 Outline Description of Module This module introduces students to the main principles of microeconomics. It assumes no previous knowledge of economics and outlines some basic concepts necessary for further study in all areas of economics. More specifically, it provides the foundations for the Macroeconomics module in the first year and the Microeconomic Theory module in the second year. It covers the microeconomics of individual behaviour based on utility and profit maximisation and the operation of markets including the sense and circumstances in which a competitive market generates an optimal outcome and certain rationales for government intervention. The emphasis is on theoretical issues although it also deals with the application of mathematics to microeconomics. The Microeconomics module aims to introduce students to the method, content and scope of microeconomic analysis. On completion of the module a student should be able to A Knowledge and Understanding: describe the issues with which microeconomics is concerned, including tradeoffs and the operation of markets describe the conditions under which markets generate optimal and suboptimal levels of welfare explain the behaviour of individual optimising firms and households analyse the various methods, and their implications, by which governments can intervene in markets B Intellectual Skills: use elementary economic and mathematical models to explain economic arguments C Discipline Specific Skills: use elementary graphical and mathematical techniques to represent microeconomic models 2013 Cardiff Business School Page 61 of 278

Undergraduate Programme Handbook apply simple optimisation techniques graphically and mathematically D Transferable Skills: use structured argument to derive a conclusion from a set of assumptions find the solutions of a simple problem under different assumptions How the module will be delivered Teaching takes place in the Autumn Semester. There are 35 hours of lectures and 16 hours of classes. Approximately 30 lectures are devoted to the core economics concepts. These lectures will be supported by a short series of 5 lectures explicitly linking the mathematics component of the Quantitative Methods module to the Microeconomics module. Classes are an integral part of the module. Question sheets are distributed in advance of the classes and students are expected to prepare answers and be prepared to describe their answers in classes. The questions will reflect the types of question asked in the examination and will emphasise the need to solve problems using the basic concepts introduced in the lectures and required reading. Indicative study hours: 200 How the module will be assessed Students are encouraged to evaluate their own progress by comparing their answers to class-work questions with answers supplied in classes and through the electronic notice board. Additional questions and answers are also supplied to the students. The assessments are returned to the students and outline answers are provided. The class tests provide an incentive for students to become familiar with the module s content and the importance of self study. (For example, theygive the students a chance to develop their examination technique in the new environment of a university). The tests cover both the economics and mathematics components of the module. The main examination has 2 sections explicitly relating to the economics lectures and 1 to the application of mathematics. (Mathematical argument is encouraged on all parts of the module so the distinction lies in the origin of the questions rather than the style of the answers). One section requires the student to answer a number of short questions. There is some choice but the student will have to answer questions drawn from several areas of the module. Another section invites the student to answer longer questions on a particular topic. The student is expected to show some detailed knowledge of the topic chosen. The final section will require the student to answer a question on the use of mathematics in microeconomics. The knowledge presented in this module is vital for all students studying economics so the student is tested on a broad range of topics. Students should be able to use the knowledge acquired rather than write vaguely about it. Hence, the emphasis Page 62 of 278 Cardiff University

Economics Programmes throughout is on being able (i) to explain the concepts taught on the module clearly and (ii) to apply them to a particular problem. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 80 Microeconomics 3 Class Test 10 Test 1 N/A 4 Class Test 10 Test 2 N/A 8 Syllabus content The market economy - Introduction to microeconomics. Introduction to the mathematical concepts used in microeconomics (linear and non-linear functions, concept of gradient, applications) Demand and supply - Demand and supply curves, changes in demand and supply, market equilibrium, applying simultaneous equations to the analysis of markets. Elasticity - Definition and use in analysis Government intervention in markets - Price-fixing, taxes and bans Welfare with competition - Consumer surplus, producer surplus, allocative efficiency, dead-weight loss of taxation, appraising interventions Cardinal utility theory (marginal utility theory) - Total and marginal utility, budget line, equalising marginal utility per pound Ordinal utility theory (Indifference curve analysis) - Indifference curve, MRS, optimal choice, income-consumption line, price-consumption line, income and substitution effects Firms and profit maximisation - Opportunity cost, economic profit Short run cost curves - Total, average and marginal product curves, diminishing returns, total, average and marginal cost curve, fixed and variable costs, mathematics of average and marginal concepts Long run cost curves - Returns to scale, economies of scale Market equilibrium in the short run - Competitive industries: Market equilibrium in the short run, short-run profit maximisation for a price-taking firm, firm and market supply curves, short run market equilibrium Market equilibrium in the long run - Entry and exit, long run supply curves, long run effects of changes in demand and technology N/A 2013 Cardiff Business School Page 63 of 278

Undergraduate Programme Handbook Single price monopoly and monopolistic competition - Determination of output and price in the short and long run, mathematics of revenue and profit maximisation Market Failure: Assessing Monopoly and Externalities - Allocative efficiency and marginal cost pricing, natural monopolies and average cost pricing, gains from monopoly, externalities (definition, optimal quantity, and intervention) Indicative Reading and Resource List M Parkin, M Powell and K Matthews, Economics, Addison Wesley Page 64 of 278 Cardiff University

Economics Programmes BS1610 - Introduction to Finance School Cardiff Business School Department Code CARBS0 Module Code BS1610 Number of Credits 10 Level L4 Module Leader Dr Louise Macniven Semester Spring Semester Academic Year 2013/4 Outline Description of Module The aim of the module is to introduce students to the basic concepts of finance, including the evaluation of investment projects, and the different sources of finance available to UK businesses. On completion of the module a student should be able to A Knowledge and Understanding: show a knowledge of the basic concepts in finance e.g. risk, return, value and market efficiency. show a knowledge of the traditional and discounted cash flow models of investment appraisal. understand the importance of relevant costs in investment appraisal decisions. understand the implications of inflation and taxation in investment appraisal decisions. show a knowledge of the main sources of finance available to UK businesses. B Intellectual Skills: synthesise and evaluate finance data. solve problems, including the ability to manipulate financial and other numerical data. exercise powers of inquiry and logic. C Discipline Specific Skills: use and critically evaluate the traditional and discounted cash flow models of investment appraisal. identify and incorporate relevant costs in investment appraisal decisions. incorporate the effects of inflation and taxation in investment appraisal decisions. identify and evaluate the main sources of finance available to businesses in the UK. 2013 Cardiff Business School Page 65 of 278

Undergraduate Programme Handbook calculate and evaluate simple market measures for shares and bonds. D Transferable Skills: communicate ideas and principles effectively by written and oral means. exercise initiative, self reliance and time management skills and work independently. appreciate alternative viewpoints. exercise numeracy and problem solving skills. access and utilise information in traditional (e.g. library) and IT(e.g. the internet, databases) form. How the module will be delivered The formal timetabled components of the module comprise 17 hours of lectures and 4 hours of tutorials. However, as students need to assimilate a basic of body of finance 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. Detailed handouts and a structured reading list are given to students in order to encourage the completion of tutorial questions, which build upon material covered in lectures. Tutorials will run weekly. Student support is given formally, through lectures and tutorials, and informally through private consultation with any member of the module s team of tutors, and e- mail student lecturer/tutor contact. Indicative study hours: 100 How the module will be assessed The examination contains a range of questions designed to cover the learning outcomes for the module and to test skills development. It aims to test knowledge and comprehension of the syllabus as well as testing students ability to apply such knowledge in particular contexts. Questions require a combination of both written and numerical 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 that are distributed in advance. The classes are designed to answer any queries regarding the tutorial questions. A varied range of tutorial, examination-standard questions are designed to stimulate independent learning, increase students exposure to the topic under consideration, and to provide an ongoing mechanism for assessing the extent to which students are meeting the module s learning outcomes. Student problems are dealt with by the lecturer or tutor and all students are encouraged to submit queries either in the tutorial or afterwards with any member of the module team. Page 66 of 278 Cardiff University

Economics Programmes Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 100 Introduction To Finance 2 Syllabus content Basic concepts in finance: the objectives of the firm, risk, return, the time value of money, share pricing issues and market efficiency. Project/investment appraisal: compound interest, annuities, traditional models, DCF models, project cash flows, relevant costs for decision-making and the impact of taxation and inflation. Internal sources of finance and shareholder issues. External short and medium term sources of finance - bank sources, trade credit, factoring, hire purchase, leasing, and sale and leaseback. Long term sources of finance - ordinary shares, preference shares and debt. The choice between sources of finance. Market measures for the financial evaluation of shares and debt. Issue methods for ordinary shares. Financial intermediation deposit and non deposit taking institutions. Financial markets and the London Stock Exchange. Indicative Reading and Resource List Arnold, Glen (2008), Corporate Financial Management, 4 th ed., Prentice Hall. N/A 2013 Cardiff Business School Page 67 of 278

Undergraduate Programme Handbook BS1611 - Fundamentals of Financial Reporting School Cardiff Business School Department Code CARBS0 Module Code BS1611 Number of Credits 10 Level L4 Module Leader Mrs Gwen Thomas Semester Spring Semester Academic Year 2013/4 Outline Description of Module The aims of the module are to further develop fundamental accounting and information management skills and to introduce the information system requirements for the financial accounting needs of an organisation. On completion of the module a student should be able to A Knowledge and Understanding: understand the differences in the preparation of accounts for partnerships and companies from those of sole traders. show an awareness of the limitations of historical cost accounting. understand the role of the cash flow statement. show an awareness of the advantages and limitations of ratio analysis. discuss the need for an audit report in business organisations. appreciate the importance of professional ethics in public practice and business. B Intellectual Skills: synthesise and evaluate accounting data. solve problems, including the ability to manipulate financial and other numerical data. exercise powers of inquiry and logic. C Discipline Specific Skills: demonstrate the application of the double entry book-keeping process through the preparation of a set of accounts for partnerships and companies from accounting records. analyse a set of accounts, through the use of ratios and cash flow statements. utilise accounting software by inputting accounting data, producing a range of outputs in the form of financial statements. Page 68 of 278 Cardiff University

Economics Programmes D Transferable Skills: communicate ideas and principles effectively by written means. exercise initiative, self reliance and time management skills and work independently. appreciate alternative viewpoints. exercise numeracy, problem solving and IT skills. access and utilise information in traditional (e.g. library) and IT (e.g. the Internet, databases) form. How the module will be delivered The formal timetabled components of the module comprise 15 hours of lectures and 7 hours of classes during the Spring Semester. The lectures are designed to identify the structure of each topic; to cover the theoretical aspects and to explain the more difficult technical material, and to work through practical examples where appropriate. Students are provided with details of relevant additional reading material to consolidate and extend the knowledge gained from these sessions. A number of classes are designated to provide students with the opportunity to gain hands on experience of a computerized accounting package. The classes are held in the computer laboratories and students are given individual access to the accounting package, and are expected to work their way through a Case Study requiring them to input accounting transactions and preview the resultant outputs. The remainder of the classes involve working through practical examples of the theoretical subjects covered in the lectures, some of which the students are expected to prepare in advance. An opportunity is provided here for the discussion of any difficult areas. Additional exercises relating to the topics covered are provided at these sessions. Further support is provided by revision sessions including the distribution of a revision pack containing exam style questions (and answers) and other practice material. Informal private consultation and/or e-mail contact support is available from any one of the staff members on the teaching team. Indicative study hours: 100 How the module will be assessed The examination contains a range of questions designed to cover the learning outcomes of the module and to test students basic knowledge and comprehension of the syllabus but also their ability to apply such knowledge in particular contexts. Questions require a combination of numerical and written answers. Students intellectual and written communication skills are then tested along with their numerical application skills. 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, revision pack questions are self-assessed. Tutorials are designed to answer any queries regarding previously distributed questions, but additional exercises are given to students in each tutorial, in order to increase 2013 Cardiff Business School Page 69 of 278

Undergraduate Programme Handbook students exposure to the topic under consideration. Student problems are dealt with by the tutor on a one to one basis and all students are encouraged to submit queries either in the tutorial or afterwards to any member of the module team. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester Syllabus content 100 Fundamentals Of Financial Reporting 2 N/A Computers and accounting; use of an accounting package to input transactions and to produce financial statements used in business organisations; financial accounting and book-keeping including the accounts of partnerships and companies, cash flow statements; interpretation of financial statements using ratio analysis; limitations of historical cost accounting; introduction to auditing and professional ethics. Indicative Reading and Resource List Marriott, Edwards and Mellett, Introduction to Accounting, 2002, Sage Publications. Jones, Accounting For Non-Specialists, 2007, John Wiley & Sons Ltd. Thomas, An Introduction to Financial Accounting, McGraw Hill, 2005. Gillespie, Lewis and Hamilton, Principles of Financial Accounting, 2004, FT Prentice Hall. Page 70 of 278 Cardiff University

Economics Programmes BS1629 - Business Environment School Cardiff Business School Department Code CARBS0 Module Code BS1629 Number of Credits 10 Level L4 Module Leader Dr Rachel Ashworth Semester Spring Semester Academic Year 2013/4 Outline Description of Module This course aims to set business within the broader context of politics and society and assesses the relationship between business and a number of related environments. On completion of the module a student should be able to A Knowledge and Understanding: Distinguish between different levels of government and consider the relationship between politics and business Identify the differences between the public and private sectors of the economy Evaluate the impact of the European Union on business and industry in the UK Assess the impact of business on the ecological environment Determine the key components of the social environment B Intellectual Skills: Demonstrate analytical and written communication skills in the form of logical, structured argument for presentation in response to examination questions. C Discipline Specific Skills: Demonstrate the ability to evaluate the interaction between business and various elements of its environment, based on a critical interpretation of the literature. D Transferable Skills: Formulate a range of academic skills including: the evaluation of theoretical models; the operationalisation of concepts; and the interpretation of empirical evidence. Develop analytical, communication, presentation, team-working and learning skills within tutorials. 2013 Cardiff Business School Page 71 of 278

How the module will be delivered Undergraduate Programme Handbook The module comprises 17 hours of lectures and four hours of tutorial/seminar discussion that make use of key texts, examples and case studies and which require prior study and preparation from students. Indicative study hours: 100 How the module will be assessed The paper contains a range of questions covering the main areas of the syllabus. Each question is structured so as to elicit both knowledge and comprehension of the subject. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 100 Business Environment 2 Syllabus content Models and theories of the business environment; an assessment of the various component parts of that environment, with particular emphasis upon the political and social influences upon business; an examination of the institutions of government and how different levels of government impact upon and regulate business activity; an indication of how business attempts to lobby and influence the policy making process; an examination of pressure/interest group activity including the activities of environmental groups and issues of corporate social responsibility; an assessment of the significance to business of the social environment. Indicative Reading and Resource List Wetherley, P. and Otter, D. (2011) The Business Environment: Themes and Issues, Oxford: Oxford University Press. (core text) Brooks, I. and Weatherston. J. (2000) The Business Environment: Challenges and Changes, London: Prentice Hall. Coxall, Robins and Leach (2003) Contemporary British Politics, London: Palgrave. Worthington, I. and Britton, C. (2009) The Business Environment, Essex: Pearson. N/A Page 72 of 278 Cardiff University

Economics Programmes BS1630 - Principles of Marketing and Strategy School Cardiff Business School Department Code CARBS0 Module Code BS1630 Number of Credits 10 Level L4 Module Leader Miss Jemma Oeppen Semester Spring Semester Academic Year 2013/4 Outline Description of Module The Principles of Marketing and Strategy module is designed to provide students with an understanding of the fundamental concepts of marketing and strategic management, and to introduce students to the philosophy of market-led strategic change. It provides an overview to the key elements of marketing and strategy in order to furnish students with a clear understanding of the topic before moving to more detailed analysis in the second year. On completion of the module a student should be able to A Knowledge and Understanding: comprehend the marketing concept and explain basic marketing theory and principles, principles of corporate strategy and the relationship between the marketing and strategy disciplines. describe the process of strategic planning and identify the stakeholders involved within it. understand the strategic audit process and relate it to simple business scenarios. understand and explain the outside-in process, and formulate and justify arguments and conclusions about specific marketing issues facing companies today. generalise the merits of a marketing led approach and compare and contrast it to alternative business philosophies and practice. B Intellectual Skills: encourage the development of the ability to critically evaluate key theories and the ability to compare and contrast theoretical explanations. appreciate multiple theories of marketing and strategy. C Discipline Specific Skills: demonstrate the ability to develop and present coherent and discursive arguments on marketing and strategy issues. 2013 Cardiff Business School Page 73 of 278

Undergraduate Programme Handbook D Transferable Skills: develop listening and reading skills in lectures and through private study. learn how to gather information and conduct desk research by the requirement for additional reading for lectures. How the module will be delivered The formal timetabled components of the module comprise 22 hours of lectures, split equally between the disciplines of marketing and strategy. The lecture programme is supported by handouts, however students are encouraged to add to these during the lectures and therefore develop skills in note taking. To extend and consolidate their learning, students are directed to readings in the core texts for the module. Indicative study hours: 100 How the module will be assessed The examination contains a range of questions split equally between the two sections of the module. Section A covers questions to test learning outcomes for the marketing element of the module and Section B covers questions to test learning outcomes on the strategy element of the module. Although the questions are designed to test students understanding of the basic concepts and theory of marketing and strategy, students are also required to demonstrate application of these to a variety of contexts. In addition to testing subject specific skills, the questions require answers that demonstrate students development of intellectual, communication and reasoning skills. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester Syllabus content 100 Principles Of Marketing And Strategy 2 N/A The marketing concept; the marketing environment; marketing objectives and strategies; the marketing planning process; managing the marketing mix; marketing information; implementation and control of marketing strategies. The concept of corporate strategy; the corporate and marketing strategy interface; the strategic planning process; strategic audits; tools for strategic analysis; strategy implementation and control. Indicative Reading and Resource List Key Text The following books have been selected for the appropriate nature of their content in Page 74 of 278 Cardiff University

Economics Programmes line with the objective for the course. They will be useful for you for making additional notes and during revision for the module exam. There will copies of the text put in the library and the bookshop has been made aware of the key recommendation should you wish to purchase your own copy. It is strongly advised that you purchase the key text as examples and questions will be used from it. 1. Foundations of Marketing 3 rd Edition by: Jobber and Fahy 2. Marketing by Baines, Fill & Page 2 nd Edition Additional Reading: 1. Principles of Marketing 4 th European Edition by Kotler, Wong, Saunders and Armstrong 2. Principles and Practice of Marketing 6 th Edition by Jobber 3. Principles and Practice of Marketing 2 nd Edition by Blythe 4. Principles of Marketing 4 th Edition by Brassington and Pettitt 5. Marketing real people, real decisions 1 st European Edition by Solomon, Marshal, Stuart, Barnes and Mitchell 6. Marketing and Introduction by Armstrong, Kotler, Harker and Brennan 2013 Cardiff Business School Page 75 of 278

BS1652 - Macroeconomics Undergraduate Programme Handbook School Cardiff Business School Department Code CARBS0 Module Code BS1652 Number of Credits 20 Level L4 Module Leader Professor Patrick Minford Semester Spring Semester Academic Year 2013/4 Outline Description of Module The role of this module is to equip students with a good grounding in the principles of macroeconomic analysis. This will enable students, if they wish, to continue their studies of macroeconomics in the second and third years. The Macroeconomicsmodule aims to provide students with a thorough introduction to the method, content and theory of macroeconomics and the effects of monetary and fiscal policy on the economy. On completion of the module a student should be able to A Knowledge and Understanding: understand the determination of inflation, output fluctuations over the business cycle, and unemployment be able to identify and differentiate between the various theories and models of the economy, for example Keynes versus the Classical, and to comment on the strengths and weaknesses of each be familiar with the theories of interest rate and exchange rate determination and be able to identify their role in the formulation of current economic policy be aware of some of the recent history of macroeconomic behaviour and policy in the UK and the rest of the world B Intellectual Skills: be aware of the role of fiscal and monetary policy in stabilising the economy and determining the rate of inflation C Discipline Specific Skills: be able to respond to questions about the effects of changing key policy variables on the economy. These questions may take the form of essays or of short true/false puzzles. They should know the different approaches taken by Keynesian and Classical economists so as to understand the evolution of modern macroeconomic analysis. They will comprehend this analysis as well as its predecessor models through the medium of diagrammatic analysis and Page 76 of 278 Cardiff University

Economics Programmes simple algebraic representations. They should apply these in class (for example when asked questions by tutors, usually involving demonstration at the white board), in home revision, and in assessment. D Transferable Skills: be conversant with the basic concepts of macroeconomics and be able to undertake basic macroeconomic analysis of, for example, the effects of a monetary expansion How the module will be delivered 3 lectures per week, 1 tutorial per week. Total contact hours 40 approx study requirement per week in addition estimated at 10 hours per week for an average student. This course requires mastery of diagrammatic and simple algebraic techniques. For this reason the students must spend a great deal of time practising these techniques both before and in class. During lectures they have to assimilate the methods as well as absorbing general information about the subject. Indicative study hours: 200 How the module will be assessed There are two assessments, each a 50-minute session. One half is devoted to testing mathematical skills - the solution of simple algebraic problems involving macroeconomic models. The other half consists of puzzle questions requiring true/false answers with brief notes of explanation. This tests the student s ability to analyse shocks to the economy using the methods described above. There is also a final exam, of three hours. For this there are four essay questions, designed to set out the appropriate analysis for particular macroeconomic policy issues - such as unemployment and inflation. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 80 Macroeconomics 3 Class Test 10 Test 1 N/A 4 Class Test 10 Test 2 N/A 8 Syllabus content Aggregate supply and demand Introduce the ideas of aggregate supply and demand as the organising principle of macroeconomics. N/A 2013 Cardiff Business School Page 77 of 278

Undergraduate Programme Handbook The Classical Model The model of the economy in which markets clear and prices are flexible, except in the very short run. The Keynesian Model The alterations made by Keynes to the Classical Model in order to generate involuntary unemployment and the multiplier. The IS and LM curves. The Neo-Classical Synthesis Adding the Phillips Curve, augmented by adaptive expectations, to the Keynesian Model, thus creating a synthesis of the Classical Model in the long-term and the Keynesian in the short term. Rational Expectations and the New Classical and New Keynesian Models The RE Hypothesis, explained diagrammatically, and the basis of modern models with flexible prices and contracts. The Open economy Extending the model to trade and capital flows- the Mundell-Fleming model. Supply-side issues Productivity, growth and unemployment.optimal government intervention in tax, spending and benefits. Money and banking Money supply, the money multiplier and the effect on the demand for money of competitive banking. National accounts and balance sheets The basics of national accounting conventions. Indicative Reading and Resource List Modern Macroeconomics, Parkin and Bade Page 78 of 278 Cardiff University

Economics Programmes BS1701 - Vocational Language Skills I (French) School Cardiff Business School Department Code CARBS0 Module Code BS1701 Number of Credits 20 Level L4 Module Leader Ms Helene Jallat-hurley Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to reinforce and expand students' French language skills in a vocational context. Main grammar points will be revised and reinforced. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of advanced grammar and syntax by producing written work in French in a vocational context with reference to selected topics. to translate written documents from English into French and vice versa. demonstrate aptitude to express oneself orally by participating in class discussions on authentic documents in French in a vocational context with reference to selected topics. show ability to comprehend and comment intelligently on communications in French. B Intellectual Skills: demonstrate an ability to assemble data. show a critical awareness of written and spoken sources and present ideas and arguments effectively and coherently in written and spoken form. C Discipline Specific Skills: show an ability to manipulate language (French) to present complex topics with reasonable effectiveness and precision. understand with relative ease, French texts in specialised register, with recourse to reference materials for vocational topics. comment upon and re-organise information from authentic French sources. D Transferable Skills: show an ability to work creatively and demonstrate intercultural competence. 2013 Cardiff Business School Page 79 of 278

How the module will be delivered Undergraduate Programme Handbook Each topic will be supported by authentic French video/audio recordings and magazines on current affairs. Grammatical issues will be revised as appropriate. Indicative study hours: 200 Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 40 Vocational Language Skills I (french) 1.5 N/A Written Assessment 20 Coursework N/A N/A Written Assessment 20 Oral N/A N/A Written Assessment 20 Aural N/A N/A Syllabus content The course has a strong emphasis on strengthening grammar. The subjects covered will include: French society and the growth of the French language; education and work, economical issues of the French speaking world; geography and transport; the market (setting up businesses, company tours, presenting companies and products). Indicative Reading and Resource List La Recherche d un Emploi: Business French in a Communicative Context, Amy Hubbell, Focus Publishing/R Pullins & Co, 2010. Schaum's Outline of French Grammar (Schaum's Foreign Language), Mary Crocker, McGraw-Hill Professional, 6th edition, 2013. Page 80 of 278 Cardiff University

Economics Programmes BS1702 - Vocational Language Skills I (Spanish) School Cardiff Business School Department Code CARBS0 Module Code BS1702 Number of Credits 20 Level L4 Module Leader Mrs Cristina Fatmi Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to reinforce and expand students' Spanish language skills in a vocational context. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of advanced grammar and syntax by producing written work in Spanish in a vocational context with reference to selected topics. to translate written documents from English into Spanish and vice versa. demonstrate aptitude to express oneself orally by participating in class discussions on authentic documents in Spanish in a vocational context with reference to selected topics. show ability to comprehend and comment intelligently on communications in Spanish. B Intellectual Skills: demonstrate an ability to assemble data. show a critical awareness of written and spoken sources and present ideas and arguments effectively and coherently in written and spoken form. C Discipline Specific Skills: show an ability to manipulate language (Spanish) to present complex topics with reasonable effectiveness and precision. understand with relative ease, Spanish texts in specialised register, with recourse to reference materials for vocational topics. comment upon and re-organise information from authentic Spanish sources. D Transferable Skills: show an ability to work creatively and demonstrate intercultural competence 2013 Cardiff Business School Page 81 of 278

How the module will be delivered Undergraduate Programme Handbook Each topic will be supported by authentic Spanish video/audio tapes and magazines on current affairs. Grammatical issues will be revised asappropriate. Indicative study hours: 200 Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 40 Vocational Language Skills I (spanish) 1.5 N/A Written Assessment 20 Coursework N/A N/A Written Assessment 20 Aural N/A N/A Written Assessment 20 Oral N/A N/A Syllabus content The subjects covered will include: aspects of Spanish society and the growth of the Spanish language; education and work, economical issues of the Spanish speaking world. Indicative Reading and Resource List Coronado Gonzáles M, 1996, Gramática y Ejercicios, nivel medio y superior, SGEL Gómez Torrego L, 1997, Gramática didáctica del espa?ol, Ediciones SM Madrid Page 82 of 278 Cardiff University

Economics Programmes BS1703 - Vocational Language Skills I (German) School Cardiff Business School Department Code CARBS0 Module Code BS1703 Number of Credits 20 Level L4 Module Leader Ms Bettina Kantelhardt Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to reinforce and expand students' German language skills in a vocational context. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of advanced grammar and syntax by producing written work in German in a vocational context with reference to selected topics. show ability to translate written documents from English into German and vice versa. demonstrate aptitude to express oneself orally by participating in class discussions on authentic documents in German in a vocational context with reference to selected topics. show ability to comprehend and comment intelligently on communications in German. B Intellectual Skills: demonstrate an ability to assemble data. show a critical awareness of written and spoken sources and present ideas and arguments effectively and coherently in written and spoken form. C Discipline Specific Skills: show an ability to manipulate language (German) to present complex topics with reasonable effectiveness and precision. understand with relative ease, German texts in specialised register, with recourse to reference materials for vocational topics. comment upon and re-organise information from authentic German sources. D Transferable Skills: show an ability to work creatively and demonstrate intercultural competence. 2013 Cardiff Business School Page 83 of 278

How the module will be delivered Undergraduate Programme Handbook Each topic will be supported by authentic German video/audio tapes and magazines on current affairs. Grammatical issues will be revised as appropriate. Indicative study hours: 200 Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 40 Vocational Language Skills I (german) 1.5 N/A Written Assessment 20 Coursework N/A N/A Written Assessment 20 Aural N/A N/A Written Assessment 20 Oral N/A N/A Syllabus content The subjects covered will include: aspects of German society, politics and the German language; education and work, economical issues of the German speaking world. Indicative Reading and Resource List Jung L, 1993, Betriebswirtschaft Lese-und Arbeitsbuch, Hueber Hegyes K, 1997, Hörfelder, Verlag für Deutsch Höffgen A, 1996, Deutsch lernen für den Beruf; Kommunikation am Arbeitsplatz, Verlag für Deutsch Pantis B et al, 1995, Wortwörtlich, Diesterweg Kirchmeyer S, 1997, Blick auf Deutschland, Klett Häussermann U et al, 1994, Sprachkurs Deutsch 6, Neufassung, Diesterweg Dreyer Schmitt, 1985, Lehr und Übungsbuch der deutschen Grammatik, Verlag für Deutsch Page 84 of 278 Cardiff University

Economics Programmes YEAR TWO PROGRAMME STRUCTURES 2013 Cardiff Business School Page 85 of 278

Undergraduate Programme Handbook 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 the opportunity to acquire detailed knowledge and technique in the specialist areas of Monetary Economics in Year 2 and Economics of Banking, International Finance and Financial Economics in Year 3. BS2570 BS2549 BS2550 BS2551 BS2547 BS2558 BS2560 BS2511 BS2555 BS2517 BS2514 BS2502 YEAR 2 REQUIREMENTS FOUR compulsory double modules Introductory Econometrics Macroeconomic Theory Microeconomic Theory Money, Banking & Finance Plus two modules from British Economy Economics of the EU Managerial Economics Law of Commerce, Banking and Investment Modern British Economic History Performance & Financial Management Financial Markets and Institutions Business Finance Page 86 of 278 Cardiff University

Economics Programmes 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. 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. The Programme examines government and international business policy to identify their ramifications for the development of markets and firms. It 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 2 - REQUIREMENTS FOUR compulsory double modules BS2570 Introductory Econometrics BS2560 Managerial Economics BS2549 Macroeconomic Theory BS2550 Microeconomic Theory PLUS TWO further modules, at least one of which must be from Group 1 Group 1 BS2547 British Economy BS2558 Economics of the EU BS2511 Law of Commerce, Banking and Investment BS2555 Modern British Economic History BS2551 Money, Banking and Finance *Continued on next page* 2013 Cardiff Business School Page 87 of 278

Undergraduate Programme Handbook BS2535 BS2542 BS2517 BS2540 BS2530 Group 2 Buyer Behaviour Managing People Performance & Financial Management Marketing and Strategy Organisational Behaviour Page 88 of 278 Cardiff University

Economics Programmes 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. 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 to acquire knowledge and technique in a number of specialised areas. These include managerial economics, social economics and monetary economics in Year 2, and labour economics and international trade in Year 3. YEAR 2 - REQUIREMENTS THREE compulsory double modules BS2570 Introductory Econometrics BS2549 Macroeconomic Theory BS2550 Microeconomic Theory AND THREE double modules from: BS2547 British Economy BS2558 Economics of the EU BS2560 Managerial Economics BS2555 Modern British Economic History BS2551 Money, Banking and Finance 2013 Cardiff Business School Page 89 of 278

Undergraduate Programme Handbook LN13 BSc (Econ) Economics and Finance AIMS OF THE PROGRAMME The aim of the Economics & 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 student 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 techniques in a number of specialised areas. These include monetary economics, financial economics, international corporate finance and business finance. BS2502 BS2570 BS2514 BS2549 BS2550 BS2547 BS2558 BS2560 BS2511 BS2517 BS2555 BS2551 YEAR 2 - REQUIREMENTS FIVE compulsory double module Business Finance Introductory Econometrics Financial Markets and Institutions Macroeconomic Theory Microeconomic Theory AND ONE double module from: British Economy Economics of the EU Managerial Economics Law of Commerce, Banking and Investment Performance & Financial Management Modern British Economic History Money, Banking and Finance Page 90 of 278 Cardiff University

Economics Programmes 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. 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 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. Over the three years of study, it aims to introduce students to a wide range of subject areas in both the economics and management disciplines. YEAR 2 - REQUIREMENTS TWO compulsory double modules BS2550 Microeconomic Theory BS2570 Introductory Econometrics PLUS ONE from*: BS2560 Managerial Economics BS2549 Macroeconomic Theory BS2551 Money Banking and Finance AND THREE double modules from: BS2535 Buyer Behaviour BS2542 Managing People BS2517 Performance & Financial Management BS2540 Marketing and Strategy BS2530 Organisational Behaviour *Your choice of optional economics modules during the second year has implications for the modules which will be available to you during the third year. 2013 Cardiff Business School Page 91 of 278

Undergraduate Programme Handbook N3R9 N3R2 N3R4 BSc (Econ) Banking and Finance with a European Language (French) BSc (Econ) Banking and Finance with a European Language (German) 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 equip the students 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 & 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 techniques in the specialised areas of Monetary Economics, Economics of Banking, International Finance and Financial Economics. BS2570 BS2550 BS2551 YEAR 2 - REQUIREMENTS Three compulsory double modules Introductory Econometrics Microeconomic Theory Money, Banking & Finance Plus one of the following routes *Continued on next page* Page 92 of 278 Cardiff University

Economics Programmes BS2702 BS2701 BS2704 ROUTE 1 FRENCH Two compulsory double modules Business Language (French) Vocational Language Skills II (French) And two compulsory single modules Autumn Spring Business Correspondence BS2703 Oral Comprehension and (French) Expression (French) BS2712 BS2711 BS2714 ROUTE 2 SPANISH Two compulsory double modules Business Language (Spanish) Vocational Language Skills II (Spanish) And two compulsory single modules Autumn Spring Business Correspondence BS2713 Oral Comprehension and (Spanish) Expression (Spanish) BS2722 BS2721 BS2724 ROUTE 3 GERMAN Two compulsory double modules Business Language (German) Vocational Language Skills II (German) And two compulsory single modules Autumn Spring Business Correspondence BS2723 Oral Comprehension and (German) Expression (German) 2013 Cardiff Business School Page 93 of 278

Undergraduate Programme Handbook L1R9 L1RX L1RY BSc (Econ) Business Economics with French BSc (Econ) Business Economics with German BSc (Econ) 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. In year 2 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. BS2570 BS2560 BS2550 YEAR 2 REQUIREMENTS Three compulsory double modules Introductory Econometrics Managerial Economics Microeconomic Theory Plus one of the following routes *Continued on next page* Page 94 of 278 Cardiff University

Economics Programmes BS2702 BS2701 BS2704 ROUTE 1 FRENCH Two compulsory double modules Business Language (French) Vocational Language Skills II (French) And two compulsory single modules Autumn Spring Business Correspondence BS2703 Oral Comprehension and (French) Expression (French) BS2712 BS2711 BS2714 ROUTE 2 SPANISH Two compulsory double modules Business Language (Spanish) Vocational Language Skills II (Spanish) And two compulsory single modules Autumn Spring Business Correspondence BS2713 Oral Comprehension and (Spanish) Expression (Spanish) BS2722 BS2721 BS2724 ROUTE 3 GERMAN Two compulsory double modules Business Language (German) Vocational Language Skills II (German) And two compulsory single modules Autumn Spring Business Correspondence BS2723 Oral Comprehension and (German) Expression (German) 2013 Cardiff Business School Page 95 of 278

Undergraduate Programme Handbook L160 L1R2 L1R4 BSc Economics with a European Language (French) BSc Economics with a European Language (German) 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 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 and quantitative analysis. It aims to give students a firm foundation of knowledge of the workings of the UK 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 the language. Through the study of economics and 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 financial economics, welfare economics, labour economics and international trade. BS2570 BS2550 BS2549 YEAR 2 REQUIREMENTS Three compulsory double modules Introductory Econometrics Microeconomic Theory Macroeconomic Theory Plus one of the following routes *Continued on next page* Page 96 of 278 Cardiff University

Economics Programmes BS2702 BS2701 BS2704 ROUTE 1 FRENCH Two compulsory double modules Business Language (French) Vocational Language Skills II (French) And two compulsory single modules Autumn Spring Business Correspondence BS2703 Oral Comprehension and (French) Expression (French) BS2712 BS2711 BS2714 ROUTE 2 SPANISH Two compulsory double modules Business Language (Spanish) Vocational Language Skills II (Spanish) And two compulsory single modules Autumn Spring Business Correspondence BS2713 Oral Comprehension and (Spanish) Expression (Spanish) BS2722 BS2721 BS2724 ROUTE 3 GERMAN Two compulsory double modules Business Language (German) Vocational Language Skills II (German) And two compulsory single modules Autumn Spring Business Correspondence BS2723 Oral Comprehension and (German) Expression (German) 2013 Cardiff Business School Page 97 of 278

Undergraduate Programme Handbook 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 2 REQUIREMENTS TWO compulsory double modules BS2549 Macroeconomic Theory BS2550 Microeconomic Theory AND ONE double module from: BS2547 British Economy BS2570 Introductory Econometrics * BS2558 Economics of the EU BS2560 Managerial Economics BS2555 Modern British Economic History BS2551 Money, Banking and Finance PLUS 60 CREDITS IN POLITICS *Students wishing to take Macroeconomic Analysis and Microeconomic Analysis and/or Econometrics in Year Three must take BS2570 Introductory Econometrics. *Continued on next page* Page 98 of 278 Cardiff University

Economics Programmes VL11 VL51 RL11 RL21 RL31 LR14 BA Economics and History BA Economics and Philosophy BA French and Economics BA German and Economics BA Italian and Economics BA Spanish and Economics BS2549 BS2550 BS2547 BS2558 BS2560 BS2555 BS2551 YEAR 2 REQUIREMENTS TWO compulsory double modules Macroeconomic Theory Microeconomic Theory AND ONE double module from: British Economy Economics of the EU Managerial Economics Modern British Economic History Money, Banking and Finance PLUS 60 CREDITS OF HUMANITIES MODULES 2013 Cardiff Business School Page 99 of 278

Undergraduate Programme Handbook YEAR TWO MODULE DESCRIPTIONS (in order of module code) Page 100 of 278 Cardiff University

BS2502 - Business Finance Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS2502 Number of Credits 20 Level L5 Module Leader Dr Alpa Dhanani Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to provide students with a thorough understanding, practical application and critical appreciation of a variety of methods of investment appraisal and financing decisions and of the theories, concepts and principles underlying these methods. On completion of the module a student should be able to A Knowledge and Understanding: show a knowledge and understanding of, and critically evaluate, the objective of the firm; show a systematic knowledge and understanding of, and critically evaluate the discounted models of investment appraisal; show a systematic knowledge and understanding of relevant costs in investment appraisal decisions; show a systematic knowledge and understanding of the incorporation and implications of taxation in investment appraisal decisions; show a systematic knowledge and understanding of optimal replacement cycles in investment appraisal decisions; show a systematic knowledge and understanding of, and critically evaluate methods of investment appraisal that incorporate risk and uncertainty; show a systematic knowledge and understanding of, and critically evaluate the weighted average cost of capital; show a systematic knowledge and understanding of, and critically evaluate, the portfolio theory and its implications; show a systematic knowledge and understanding of, and critically evaluate, the capital asset pricing model and its implications; show a familiarity with the different theories of the determination of exchange rates show a systematic knowledge and understanding of the incorporation of foreign currency cash flows in investment appraisal decisions; show a systematic knowledge and understanding of the different types of exchange rate risks encountered by multinational companies and the different methods with which companies may manage these risks; 2013 Cardiff Business School Page 101 of 278

Undergraduate Programme Handbook show a systematic knowledge and understanding of, and critically evaluate the incorporation and implications of capital rationing in investment appraisal decisions. B Intellectual Skills: solve problems by evaluating and synthesising relevant data in an appropriate fashion, based on the concept of time value of money or otherwise exercise powers of inquiry, logic, and critical analysis and interpretation and evaluation of argument and evidence sustain a logical structure and critical argument in writing. C Discipline Specific Skills: appraise investment projects under a variety of different conditions; apply the principles of portfolio theory to measure the returns on and risks of corporate securities and individual projects and for market based decisiontaking; apply the principles of the capital asset pricing model for investment appraisal and financing decisions; assess the level of exchange rate risk for multinational companies and determine the different ways in which the risk may be managed. D Transferable Skills: communicate ideas, concepts, principles and theories effectively through oral and written means; develop and exercise numeracy, problem solving and IT skills; appreciate alternative viewpoints; develop report writing and referencing skills and conduct independent research using both traditional library based resources and internet based resources; exercise initiative, self-reliance and time management skills and work independently. How the module will be delivered The formal timetabled components of the module comprise thirty two hours of lectures and twelve classes. The lecture programme, which is supported by detailed handouts, is used to provide students with an introduction of the material and to direct them to the relevant sources which will enable them to further their knowledge and understanding of the material (references in which are categorised as essential, alternative and additional) and empower them to attempt the problems set for classes. Classes are closely integrated to the lecture programme; the problems are designed to provoke independent thought and seek to encourage students to apply their knowledge of material covered in lectures. Students are also provided with a revision pack which contains a set of past examination questions and solutions, arranged by topics covered. This pack can be used to supplement lecture notes in the event that the students find the course challenging and difficult to follow, and/or as revision questions to test their understanding and application of the subject matter Page 102 of 278 Cardiff University

Economics Programmes and in turn assist them to achieve their learning outcomes for the module. Lecture hand-outs also include short questions (at regular intervals) to test and ensure student understanding of the concepts covered in the previous section. Students are supported throughout the module by the module co-ordinator (and lecturer), either through consultation during office hours or by correspondence via electronic mail. Indicative study hours: 200 How the module will be assessed Formal assessment is by means of a one 1 ½ hour examination at the end of the Autumn semester and a one 3 hour examination at the end of the Spring semester. The examination papers cover a range of questions designed to test the students knowledge and comprehension of the subject matter and also their ability to apply and evaluate this knowledge to a range of possible business situations. As a result both papers include questions of two types: problem questions requiring students to use the theoretical and technical material from their module to solve the problems and to evaluate their solutions and essay type questions designed to enable the students to demonstrate their understanding of the theoretical and technical material covered in the module. Informal assessment is provided through the class problems (for which solutions are provided) and the set of additional questions (see above), which enable students to self-assess the extent to which they are meeting the module learning outcomes. In addition, students have the opportunity to submit class solutions and essay plans and raise queries and concerns to the module co-ordinator during lectures, classes, or otherwise. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 30 Business Finance 1.5 Examination - Spring Semester 70 Business Finance 3 Syllabus content Choice and decision taking; objectives in finance. Investment Appraisal Models; Project appraisal cash flows; rationale for cash flow analysis; relevant costs, treatment of working capital, taxation and replacement cycles. Cost of capital; costs of specific types of capital; calculation and use of the weighted average cost of capital (WACC); investment decisions under uncertainty; use of probabilities, utility theory and techniques such as sensitivity analysis to analyse investment projects; portfolio theory and the capital asset pricing model (CAPM); portfolio theory and an extension of risk and uncertainty, use of portfolio models to appraise securities and investment projects; derivation, use and problems of the CAPM; comparison of the WACC and the CAPM; overseas investment; cash flow appraisal of overseas investments; theories of the determinants of exchange rates; exchange rate risk and the management of exchange rate risk; investment appraisal under capital rationing. N/A N/A 2013 Cardiff Business School Page 103 of 278

Undergraduate Programme Handbook Indicative Reading and Resource List Lumby, S., Jones, C., (2011) Corporate Finance: Theory and Practice, 8 th Edition, Chapman and Hall Pike, R., Neale, B., (2012) Corporate Finance and Investment: Decisions and Strategies, 7 th edition, Prentice Hall Europe Page 104 of 278 Cardiff University

Economics Programmes BS2511 - Law of Commerce, Banking and Investment School Cardiff Business School Department Code CARBS0 Module Code BS2511 Number of Credits 20 Level L5 Module Leader Dr Simon Norton Semester Double Semester Academic Year 2013/4 Outline Description of Module The aims of this module are to widen students knowledge of the law relating to banking and finance in the U.K., and of the influence of international institutions and developments upon the U.K. banking and financial sectors. On completion of the module a student should be able to A Knowledge and Understanding: critically evaluate the activities of regulatory agencies active in the UK and EU banking environment. understand, compare and contrast philosophical approaches to bank and financial services regulation. develop a critical understanding of legal rights and obligations of customers and institutions which interact in the domestic and international banking and financial services environment. B Intellectual Skills: the ability to read and apply international and national legislative instruments. the ability to understand and predict bank failures. the ability to critically evaluate the rights and obligations of banks and their customers. C Discipline Specific Skills: to gain an in depth knowledge of borrowing options and capital market instruments available to corporate borrowers and financial institutions. to understand selected case studies arising in the financial services industry. to critically appraise the functions and strategies of supranational regulatory agencies. D Transferable Skills: critical analysis. technology skills including accessing internet-based resources. 2013 Cardiff Business School Page 105 of 278

Undergraduate Programme Handbook ability to prepare reports on practical current issues. How the module will be delivered The formal time tabled elements consist of 34 lectures and 8 hours of classes. The students are encouraged to read widely and to 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 classes and written work. Indicative study hours: 200 How the module will be assessed The examination contains a range of questions designed to test student s knowledge, comprehension and analytical skills. Students are particularly encouraged to demonstrate their reading and critical appraisal skills. The nine questions set are designed to fully assess the student s skills and knowledge, as well as their appreciation of international issues and developments. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Law Of Commerce Banking And Investment 3 N/A Written Assessment 30 Coursework N/A 9 Syllabus content Financial Services and Markets Act 2000; role and recommendations of the Basel Committee; European Union Directives and the process of regulatory harmonisation; regulation of the investment markets; philosophical issues in bank regulation; bank failures; money laundering, the financing of terrorism, and responses by regulatory agencies; the capital markets, including swaps, securitisation, syndication; green finance, including the Equator Principles, debt-for-nature swaps; the UK/EU financial services industries; role of the FSA; practical issues and legal principles relating to bankers security. Indicative Reading and Resource List Valdez, Stephen, 2000, An Introduction to Global Financial Markets, Third Edition, Macmillan Business. Das, Satyajit, 1989, Swap Financing, The Law Book Company Limited. Chew, Stern, 1988, New Developments in International Finance, Blackwell. Lissakers, Karin, 1991, Banks, Borrowers, and the Establishment, Harper Collins. Page 106 of 278 Cardiff University

Economics Programmes BS2514 - Financial Markets & Institutions School Cardiff Business School Department Code CARBS0 Module Code BS2514 Number of Credits 20 Level L5 Module Leader Dr Kevin Evans Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of the module is to introduce students to the financial markets and institutions operating in the UK. On completion of the module a student should be able to A Knowledge and Understanding: discuss the nature and significance of the financial system. show a knowledge and understanding of financial instruments. show a knowledge and understanding of the operations of the financial markets in the UK. show a knowledge and understanding of the objectives and operations of financial institutions. show a knowledge and understanding of the regulation of the financial system and investment business in the UK. place the UK regulatory system within the international context. discuss current issues in ethical investment and corporate governance. B Intellectual Skills: synthesise and evaluate primary and secondary data. solve problems, including the ability to manipulate financial data. sustain a logical structure and critical argument in writing. exercise powers of inquiry, logic, and critical analysis and interpretation and evaluation of argument and evidence. C Discipline Specific Skills: describe and evaluate the operations of the financial markets and institutions in the UK. critically assess London s role as an international financial centre. apply appropriate techniques to price money market instruments. assess the relationship between spot and forward foreign exchange rates. apply appropriate techniques to calculate payoffs for futures and options positions. 2013 Cardiff Business School Page 107 of 278

Undergraduate Programme Handbook critically appraise the relationships between financial markets and institutions. critically assess the statutory powers of financial services regulators. critically evaluate current approaches to corporate governance and ethics within the financial services sector. show an appreciation of trends towards harmonization of regulatory rules in the context of the EU, and the wider international capital and financial services environments. D Transferable Skills: communicate ideas, concepts, principles and theories effectively through oral and written means. develop and exercise numeric, problem solving and IT skills. develop report writing and reference skills and conduct independent research using both traditional library based resources and internet based resources. exercise initiative, self-motivation and time management skills and work independently. synthesise relevant information from a wide range of sources and utilise in specific problem solving. How the module will be delivered The formal time tabled elements consist of approximately 34 hours of 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. Students are supported throughout the module by the module co-ordinator, either through consultation during office hours or by correspondence via electronic mail. Indicative study hours: 200 How the module will be assessed The examination contains a range of questions designed to cover the learning outcomes for the module and to test skill development. Questions are designed to test students basic knowledge and comprehension of the syllabus, to assess their ability to apply such knowledge in particular contexts and to enable them to demonstrate the development of their intellectual, communication, numeric and reasoning skills as well as their subject-specific knowledge. The assignment is designed to further test the students knowledge and comprehension of the subject matter, to encourage them to be more critical and creative in their work and to undertake further research. It will enable students to demonstrate their intellectual skills of analysis, synthesis and evaluation as well as key skills of written communication, IT skills, and referencing. Page 108 of 278 Cardiff University

Economics Programmes Informal assessment is provided through the class problems (for which solutions are provided), which enable students to assess the extent to which they are meeting the module learning outcomes. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Financial Markets & Institutions 3 N/A Written Assessment 30 Essay N/A 11 Syllabus content Introduction: the nature and role of the financial system. Financial Markets: Money Markets, Foreign Exchange Markets, Long Term Debt Markets, Equities Markets and Derivatives Markets products, operation, application and significance. Financial Institutions: Deposit Institutions, Portfolio Institutions, Insurance & Provident Institutions, Other Financial Institutions their role and significance. Regulation of the financial system and Investment Business: Applicable Statutory Framework, Supervisory Bodies. Corporate Governance and Ethical Issues. International Regulatory Issues and Supervisory Bodies. Indicative Reading and Resource List Finance and Financial Markets, Keith Pilbeam, Palgrave Macmillan, 2 nd 2005. edition, Financial Markets and Institutions, Peter Howells and Keith Bain, FT Prentice Hall, 4 th edition, 2004. The UK Financial System, Mike Buckle and John Thompson, Manchester University Press, 4 th edition, 2004. Financial Market Analysis, David Blake, John Wiley & Sons, 2 nd edition, 2000. 2013 Cardiff Business School Page 109 of 278

Undergraduate Programme Handbook BS2517 - Performance and Financial Management School Cardiff Business School Department Code CARBS0 Module Code BS2517 Number of Credits 20 Level L5 Module Leader Miss Natalie Forde Semester Double Semester Academic Year 2013/4 Outline Description of Module The aims of the module are to build on students understanding, gained from studying the Level One module, Introduction to Accounting, by exploring further the uses and limitations of management accounting information, techniques and procedures. On completion of the module a student should be able to Demonstrate a broad conceptual understanding of the uses and limitations of accounting information as a decision support tool and as an aid to planning and controlling the financial performance of an organisation. A. Knowledge and Understanding Distinguish between financial and management accounting in terms of their functions and intended audiences and show understanding of the importance of non-financial information to businesses in the 21st century; Display, both through written discussion of principles and through solving numerical problems, a clear understanding of traditional and innovative techniques and concepts in planning, cost determination, pricing decisions, risk identification and reduction, and management control; Recognise the importance to organisations of the control of working capital, and show the ability to model and evaluate the impacts of changed assumptions or procedures in managing inventories, receivables, payables and cash; Demonstrate awareness, both by problem-solving based on numerical case studies and by written discussion, of the uses and limitations of techniques for capital and project investment appraisal and of the range of competing sources from which businesses may obtain long-term finance; Show understanding of the tensions inherent in managing and measuring the performance of decentralised organisations; Demonstrate awareness of the importance of qualitative, judgmental and commercial factors in decision-making, and the use of accounting techniques and information as tools to support and influence such decisions, rather than as decision-making techniques in their own right Page 110 of 278 Cardiff University

Economics Programmes B. Intellectual Skills: Demonstrate the ability to apply and comprehend accounting and financial management techniques. C. Discipline Specific Skills: Evaluate the financial and behavioural aspects of management techniques for planning, budgeting and organisational control. D. Transferable Skills Develop the ability to use and interpret quantitative financial data Develop analytical and study skills through tutorial exercises and the preparation of assignments How the module will be delivered Teaching takes place in the Autumn and Spring semesters. There are a minimum of 36 hours of lectures and up to 8 hours of tutorials, but substantial personal input is required from students. Pre-reading: A programme of recommended pre-reading is issued to students at the beginning of each semester, identifying core materials and offering suggestions for further reading on each main topic covered. Students who complete the core prereading will be able to reinforce their understanding of topics introduced in lectures. Lectures: are intended as introductions to the individual topics covered in the module, building on the core pre-reading and suggesting further references for follow-up reading. Tutorials: a total of eight tutorial sessions will be held. Tutorial material, by the nature of the module, is weighted in favour of numerical examples designed to test understanding of key principles. Students are required to prepare for tutorials in advance of the session, to contribute actively to discussions and to be prepared to present their answers to, and discuss them with, other members of the class Surgery:: a revision surgery is held at the end of the Spring Semester to enable students encountering difficulty with individual topics to attend, on a voluntary basis, for further assistance. Self-study and revision packs: topic specific revision packs containing a selection of past examination questions, with detailed suggested answers, are issued and students are encouraged to use these packs to prepare for the exam. How the module will be assessed Examination Component 70% - One 3-hour examination at the end of the Spring semester 2013 Cardiff Business School Page 111 of 278

Undergraduate Programme Handbook Continuous Assessment 30% - One assignment of 2000 words submitted in week 5 of the Spring Semester. Formal assessment is provided throughout the programme through tutorial questions, which are designed to test and reinforce students base of knowledge and comprehension of individual syllabus topics and to assess their ability to apply this knowledge and comprehension in a range of contexts. Self-study and revision pack material is designed for self-assessment, and is supplied with detailed model answers to assist students analysis of examination technique and presentation as well as to support independent learning. Students are encouraged throughout the module to consult the module coordinator and other teaching staff involved if additional help or guidance is required and to make active use of the Discussion Board facility and the Learning Central system. Formal assessment consists of two elements. A piece of individual coursework has to be produced in Semester Two, which counts for 30% of total marks awarded. The examination takes place at the end of Semester Two and counts for 70% of the assessed mark. The examination paper is divided into two sections, covering topics from the first and second semesters work respectively. Students must answer two questions from each section. Questions require a combination of numerical and written answers designed to test intellectual, communication, number and reasoning skills as well as subject-specific knowledge. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester Written Assessment Syllabus content 70 30 Performance And Financial Management Performance And Financial Management - Assignment 3 N/A N/A 5 Background to Management Accounting The nature and role of management accounting and its relationship to the collection and distribution of both financial and qualitative data in organisations; the uses of cost information and its multifaceted nature dependent on the purposes of the end-user. Cost/Volume Profit (CVP) Analysis The relationship between business activity and the behaviour of different categories of cost, as evidenced in cost-volume-profit applications; the limitations and assumptions behind this widespread technique. Product Costing The identification of cost for product valuation and pricing purposes; the need to reconsider traditional, simplistic techniques of cost and overhead allocation in the light of the changing pace and technologies of modern manufacturing and service organisations. Page 112 of 278 Cardiff University

Economics Programmes Short-term Decisions Short-term operating decisions involving scarce resources, including relevant and opportunity cost for decision-making and the need to base short-term decisions on only those aspects of cost and income which are relevant to the options available. Pricing: Theoretical and practical aspects of pricing decisions Budgeting and Budgetary Control The planning and control process, including financial and behavioural aspects of budgeting; the identification and analysis of variances between expected and actual outcomes. Developments in Management Accounting Recent developments in theory and practice affecting the uses of management accounting. Performance Measurement Financial performance indicators (FPIs) for profitability, liquidity efficiency, financing, investment and non-financial performance indicators (NFPIs) in both manufacturing and service businesses Decentralisation The theoretical and practical problems of divisionalised organisations, and divisional performance measurement. Working Capital Management The management and planning of short-term working capital and its importance to business survival; forecasting working capital requirements and evaluating the impact of changes in working capital management policy; inventory, receivables, payables and cash management. Investment Appraisal Techniques, both traditional (Accounting Rate of Return and Payback Period) and more recent (Discounted Cash Flow, Internal Rate of Return and Net Present Value), of project and capital investment appraisal. Corporate Funding The cost of long-term capital; sources of long-term business funding and their respective benefits and drawbacks. Indicative Reading and Resource List Atrill, P. & McLaney, E. 2009, Management Accounting for Decision Makers, 7 th Edition. Harlow: Pearson Drury, C. 2009, Management Accounting for Business, 4 th Cengage Learning Edition. Andover: McLaney, E. 2009, Business Finance Theory and Practice, 9 th Edition. Harlow: FT Prentice Hall. 2013 Cardiff Business School Page 113 of 278

Undergraduate Programme Handbook BS2530 - Organisational Behaviour School Cardiff Business School Department Code CARBS0 Module Code BS2530 Number of Credits 20 Level L5 Module Leader Dr Sarah Hurlow Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this second-level module in Organisational Behaviour (OB) is to develop a critical understanding of the activities and interactions of people within work organisations. This will be achieved through an explanation and discussion of key concepts, theories and ideas in the OB literature. The relevance and usefulness of these concepts and theories for management and other groups within organisations will also be considered. On completion of the module a student should be able to A. Knowledge and Understanding: Demonstrate a critical understanding of the complex inter-relationships between individual behaviour, group behaviour, organisational structure and organisational processes. Demonstrate a detailed knowledge of the main theories used in the management literature to understand individual and group behaviour and the relationships between this behaviour and organisational structure and processes. Critically understand the nature of Organisational Behaviour and the relevance of the discipline in understanding and managing organisations. B Intellectual Skills: Identify the strengths and weaknesses of alternative theoretical perspectives, including those advanced to understand motivation, leadership, decisionmaking, control, power and resistance, and the gendering or organisations. Appreciate the implications of different perspectives for both understanding and managing organisations. Critically evaluate recent developments in organisations, including change management and team working. Page 114 of 278 Cardiff University

Economics Programmes C. Discipline Specific Skills: Demonstrate the ability to draw on a range of perspectives and to use this knowledge to critically examine organisations and to manage the behaviour that occurs within them. D. Transferable Skills: Develop a range of transferable skills that can be utilised in the critical analysis of management and or organisations. Develop skills in critical reflection, team-working, effective communications, time management, creative thinking through a range of individual and group based exercises. How the module will be delivered The teaching and learning approaches on this module are designed to develop an awareness of different ways of understanding and different methods of managing organisations and organisational behaviour. A variety of different teaching methods are used on this module. There will be a mix of one and two-hour formal lectures and these will be supported by tutorial sessions of two hours duration. These small group sessions have been designed to ensure the active participation of students in the learning process and here there will be extensive use of experiential exercises, role plays, case analyses and video presentations. These sessions will focus particularly on the development of transferable skills as well as testing the understanding of key concepts and theories in OB. How the module will be assessed This module will be formally assessed by one 3000 word essay, submitted at the beginning of the second semester and a three-hour examination at the end of the module. In the examination students will be required to answer three questions, one from the first semester and two from the second semester. A pass mark of 40% is required on this module. Other, more informal methods are used in the assessment of transferable skills. These will regularly be used in small group sessions where specific feedback and advice will be given to students on the development of practical skills relating to working in groups, making oral presentations and improving their own ability to learn and to reflect on their learning process. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Organisational Behaviour 3 Written Assessment 40 Coursework N/A 12 N/A 2013 Cardiff Business School Page 115 of 278

Undergraduate Programme Handbook Syllabus content Introduction to Organisational Behaviour; Scientific Management and Human Relations; motivation, job satisfaction, performance and commitment; job design; decision-making; communication; leadership; teamworking; conflict; power and politics; gender; organisational structures; control, resistance and change. Indicative Reading and Resource List Knights, D & Willmott, H. (2007) Introducing Organisational Behaviour & Management, London: Thomson. Palmer, I. and Hardy, C. (2000) Thinking about Management, London, Sage Linstead, S. Fulop, L. and Lilley, S. (2009) Management and Organisation: A Critical Text., London, Macmillan. Thompson, P. and McHugh, D. (2009) Work Organizations: A Critical Introduction, London: Macmillan. Grey, C (2008) A Very Short, Fairly Interesting and Reasonably Cheap Book About Studying Organizations, London: Sage. Page 116 of 278 Cardiff University

BS2535 - Buyer Behaviour Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS2535 Number of Credits 20 Level L5 Module Leader Dr Ahmad Jamal Semester Double Semester Academic Year 2013/4 Outline Description of Module The module aims to provide specialised knowledge concerning customers within the marketing context. Buyer behaviour is at the heart of the marketing concept such that an organisation aims to satisfy customers needs and wants as a means to achieving its own goals. It is also important to understand how customers respond to marketing activities. On completion of the module a student should be able to A. Knowledge and Understanding Demonstrate understanding of the relevance of buyer behaviour to marketing strategy. Explore the contributions of concepts from the social sciences to an understanding of buyer behaviour and how consumers respond to marketing activities. B. Intellectual Skills: Apply theory and concepts to an understanding of buyer behaviour. Identify and appraise the behavioural/environmental/situational factors influencing buyer behaviour. C. Discipline Specific Skills: Identify the cognitive processes with which customers engage when processing information for the buying process and how they respond to marketing activities. Analyse and evaluate the contribution of psychological concepts to understanding purchasing and consumption. Explore social influences in the purchasing process. Demonstrate understanding of a range of integrated approaches such as new and repeat product buying, misbehaviour and environmental/situational factors influencing buyer behaviour. 2013 Cardiff Business School Page 117 of 278

Undergraduate Programme Handbook D. Transferable Skills: Demonstrate the ability to analyse concepts and theories and to apply these to different contexts and then to evaluate applicability. How the module will be delivered The formal timetabled components of the module consist of 40 hours of lectures and 4 tutorials. Lectures are aimed at introducing academic theory and demonstrating a link between academic theory and practical application. Tutorials provide students with the opportunity to explore concepts and their application with each other and with staff. Extensive use of examples and case material will aid in developing students ability to comprehend, analyse, evaluate and apply theory. How the module will be assessed The examination is designed to test students knowledge and comprehension of buyer behaviour and to assess their ability to apply this understanding to specific contexts and problems. The individual assignment evaluates students ability to analyse, apply and evaluate buyer behaviour concepts and approaches. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Buyer Behaviour 3 Written Assessment 40 Coursework N/A 9 Syllabus content The module is structured around three themes: 1) the consumer as an individual: the contribution of psychological concepts to understanding consumer behaviour (eg motivation, perception, learning attitude, cognitive dissonance) how consumers cognitive processes operate and how consumers respond to marketing activities. This theme also explores the role and nature of consumer demographics (age, gender, social grade) and the implications of these for consumption behaviour and for marketers. In addition, consumer psychographics (personality, life style and self concept) and the insights provided for both consumer behaviour and for marketing activity. 2) Social dimensions of consumer behaviour, including the influence of friends, family and reference groups and the influence of culture. 3) Integration of theories and concepts within more holistic topics, such as consumer behaviour with respect to new products, for example the purchase of innovative products. This will also include situational influences covering consumer situation theory and the retail environment, consumer misbehaviour and organisational buying. N/A Page 118 of 278 Cardiff University

Economics Programmes Indicative Reading and Resource List Evans M, Jamal A and Foxall G (2009) Consumer Behaviour. 2 nd Edition, Wiley Solomon, M.R, Bamossy, G, Askegaard, S and Hogg, M.K (2010) Consumer Behaviour: A European Perspective. 4 th Edition, FT Prentice Hall 2013 Cardiff Business School Page 119 of 278

Undergraduate Programme Handbook BS2540 - Marketing and Strategy School Cardiff Business School Department Code CARBS0 Module Code BS2540 Number of Credits 20 Level L5 Module Leader Dr Neil Wellard Semester Double Semester Academic Year 2013/4 Outline Description of Module This module provides students with an understanding of the role and major elements of marketing and strategic management. The aims of this module are to: furnish students with a broad-based understanding of the factors, mechanisms and processes relevant to establishing and maintaining effective marketing and strategic management activities, and provide them with the ability to critically evaluate and apply marketing and strategy issues in contemporary business settings On completion of the module a student should be able to A. Knowledge and Understanding: Appreciate the evolution of the marketing concept. Understand further approaches to marketing such as retailing, NFP and international marketing. Demonstrate knowledge of fundamental marketing and strategy models, processes and concepts and their practical application. Understand key strategic influences from the environment. Outline the central issues in strategy evaluation, choice and implementation. B. Intellectual Skills: Apply and evaluate key theoretical and analytical perspectives found in the marketing and strategic management literatures. Evaluate the importance for strategic decision making of key strategic influences from the environment. C. Discipline Specific Skills: Application of Knowledge; Application of Theories/Models; Problem solving Explain and evaluate the conceptual and practical virtues of the 4P and relational-orientated conceptions of marketing. Page 120 of 278 Cardiff University

Economics Programmes D. Transferable Skills: Demonstrate understanding and ability to construct an argument within exam essays and in a written assignment. How the module will be delivered There are a minimum of 44 hours of direct contact with students. These are supported by detailed handouts and subsequent structured reading (recommended reading is detailed in the handouts) and a range of in-class exercises, in order to empower the students to critically assess and evaluate the subject matter. Additional exercises are set for students to complete during self-study time. Students are further supported throughout the module via electronic communication facilities. How the module will be assessed Formal assessment: one three-hour examination at the end of the Spring Semester (60%); and one 2000 word assignment and 8 learning logs to be submitted in the Autumn Semester (40%). The examination, assignment and learning logs contain questions designed to cover all the learning outcomes for the module and to test skill development. Questions set are not only designed to test students basic knowledge and understanding of the comprehensive syllabus, but also to appraise their ability to apply such knowledge to business situations; through analysing practical situations using appropriate techniques and developing relevant arguments. Informal assessment: classroom exercises, where students will be encouraged to analyse contemporary case examples. The discussions surrounding these exercises are designed to provide an indicator of knowledge assimilation and skill development and provide a stimulus for independent study. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Marketing And Strategy 3 Written Assessment 15 Coursework N/A 9 Written Assessment 25 Coursework N/A 9 Syllabus content The module is structured around two themes: N/A Marketing Management -covers issues relating to the management of marketing activities in modern organisations incorporating insights into the marketing management process, customer insight, market positioning and targeting. 2013 Cardiff Business School Page 121 of 278

Undergraduate Programme Handbook Strategic Management- features the strategic fundamentals of business policy-including the strategy process, organisational vision, mission and objectives, strategic analysis of the internal and external environments, the resource-based view of the firm, strategic alternatives for growth and achieving competitive advantage, strategy evaluation, choice and implementation and measuring success. Indicative Reading and Resource List Marketing and Strategy Custom Pearson Text Brassington, F. and S. Pettitt (2006). Principle of Marketing, London: Prentice Hall Page 122 of 278 Cardiff University

BS2542 - Managing People Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS2542 Number of Credits 20 Level L5 Module Leader Dr Aoife Mcdermott Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to provide students with the knowledge and skills needed to manage people in contemporary organisations. The programme of study will develop knowledge of (1) how people management can support organisational performance; (2) the core HR models and practices that form the toolkit used in managing people and; (3) how these HR models and practices can be applied to address contemporary issues in people management. On completion of the module a student should be able to A. Knowledge and Understanding: Discuss and apply the principal models and practices used in dealing with people-related issues. Demonstrate an understanding of key contemporary issues involved in managing people. Undertake evidence based choices when applying theory and practice to address these issues. Describe and evaluate the principal debates in the field of human resource management. Assess the impact of new approaches to human resource management on workers. B. Intellectual Skills: Analyse and synthesise information. Sustain a logical argument and defend conclusions. Compare, contrast and evaluate theoretical explanations. Use empirical evidence to debate how certain approaches to management practice can be applied. Discuss the relevance of theory on the basis of empirical research. Identify formal and informal structures and cultures within organisations and analyse the effects of these on management and the efficiency of organisations. 2013 Cardiff Business School Page 123 of 278

C. Discipline Specific Skills: Undergraduate Programme Handbook Consider a broad range of views in dealing with specific people-related issues. Analyse organisational context and work-place settings in making informed decisions. Anticipate the impact of decisions on employee relations and performance. Recognise the potential implementation issues facing managers when addressing people-related issues. D. Transferable Skills: Find, manage, appraise and utilise information and data. Work individually and as part of a team. Negotiate with others. Write effectively for a management audience. Make presentations as part of a group. How the module will be delivered The formal timetable comprises 32 hours of lectures and 12 hours of tutorials. The lecture programme is supported by the tutorials, which provide students with an opportunity to apply theory to real-life workplace settings. In addition to tutorials, students are supported throughout the module programme via the course handbook and the module Learning Central webpage. Copies of powerpoint lecture slides, handouts and recommended readings are made available in class and online. Students may also avail of further support through advertised weekly consultation sessions with the programme lecturers, via email and via the discussion board. How the module will be assessed The module assessment will comprise of two components. The first is a 2000 word case study report, to be submitted in the Autumn Semester. This case study will require students to write a written response to a contemporary people management issue, faced by a designated organisation. The case study will account for 30% of the module marks. The second assessment component is a three hour examination, which will take place at the end of the Spring Semester. This will account for 70% of the module marks. The examination paper will comprise two sections. The first section will contain four essay questions, of which students are required to answer two. The second section will consist of two questions based on a short case study. Students must answer one of these questions. The case study and exam are designed to assess the extent to which students have achieved the module learning outcomes. The assessments will therefore require students to (1) identify and discuss key contemporary people-management issues facing managers in organisations; (2) describe and evaluate appropriate theoretical Page 124 of 278 Cardiff University

Economics Programmes models for addressing these issues and; (3) identify and discuss the HR practices required to support appropriate interventions. Students must develop coherent and appropriate arguments, based on theory and empirical evidence. Analytic and verbal presentation skills are applied and evaluated during the tutorial sessions, through individual and group presentations. Students will receive constructive feedback on their content, delivery style and presentation structure during these sessions. The tutorial programme is designed to support and assist students with their assignment and exam preparation. Assessment Breakdown Type % Title Duration(hrs) Week Written Assessment 30 Case Study N/A 2 Examination - Spring Semester Syllabus content 70 Managing People In Organisations 3 N/A The themes covered in the programme are as follows: (1) The origins and development of people management, including the relationship between HR and organisational performance, and strategic human resource management; (2) HR practices including recruitment and selection; training and development; performance management and; reward management and; (3) Contemporary people management issues including organisational culture; managing contemporary work; diversity management and managing workers in an international environment. Indicative Reading and Resource List Redman and Wilkinson (2009), Contemporary Human Resource Management, (3 rd Edition) Prentice Hall Gilmore and Williams (2009) Human Resource Management, Oxford University Press. 2013 Cardiff Business School Page 125 of 278

BS2547 - British Economy Undergraduate Programme Handbook School Cardiff Business School Department Code CARBS0 Module Code BS2547 Number of Credits 20 Level L5 Module Leader Professor James Foreman-peck Semester Double Semester Academic Year 2013/4 Outline Description of Module The role of this module is to provide a descriptive, quantitative and empirical background to the more theoretical economics modules in the second and third years.it offers students the opportunity to investigate the workings of the British economy and assess its performance. The British Economy module aims to provide students with a sound understanding of the recent behaviour and performance of key aspects of the British economy, with a focus on relevant policy responses, and to develop the capacity for critical analysis of economic phenomena. On completion of the module a student should be able to A Knowledge and Understanding: be aware of key issues in the recent performance of the British economy; appreciate the role of global, domestic, economic and non-economic factors, in influencing how the British economy functions, and to understand and explain the interactions between them; recognise and understand the contribution of economic theory to analysis of the British economy, and be able to apply the theories encountered to observed outcomes; understand the role of empirical evidence in analysing the performance of the British economy and therefore be capable of elucidating specific debates; identify the main policy initiatives to improve the performance of the British economy, and be capable of comparing the relative merits of available options; elucidate the lessons of recent policy experiences in the British economy and relate them to current and future policy decisions. B Intellectual Skills: evaluate the function and performance of the British Economy by examination of recent economic evidence; undertake data analysis to assess the impact of economic policy and events. Page 126 of 278 Cardiff University

Economics Programmes C Discipline Specific Skills: be able to collect, present and interpret economic statistics to elucidate topics covered; summarise information on economic institutions and their role in the British economy; evaluate economic theories in the light of current empirical evidence. D Transferable Skills: communicate economic ideas by written and oral means; demonstrate economic reasoning and empirical evaluation. How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be approximately 30 hours of lectures and 15 hours of classes. The teaching method involves both the reinforcement and elaboration of previously encountered theoretical issues, and active participation by students in the analysis and interpretation of statistic appropriate for analysis of contemporary problems of the British economy. Lectures serve as introductions to the individual topics. Class questions are designed to develop skills in interpreting economic data relevant to the performance of the British economy. Students are required to come prepared to discuss answers to these questions in classes. Attendance at classes and the completion of class questions is considered important. Indicative study hours: 200 How the module will be assessed The three hour examination paper consists of both analytical questions and essay topics. The assignments develop from the material covered in lectures and classes to support the discussion of contemporary economic and policy issues in the British economy. Assignments take the form of essay questions. The maximum permitted word length for assignments is 2000 words each, excluding tables, charts or references. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 80 British Economy 3 N/A Written Assessment 20 2000 Word Essay N/A 1 2013 Cardiff Business School Page 127 of 278

Undergraduate Programme Handbook Syllabus content The nature and structure of the British economy and the major issues in economic policy. Topics may include: Trade and the balance of payments, The exchange rate, Britain in the EEC and the Euro, Industrial performance and policy, The changing structure of the UK economy, The labour market and unemployment, Economic growth and cycles, Consumption and saving, Fiscal policy, the budget and public expenditure, Monetary policy and interest rate movements. Indicative Reading and Resource List Crafts N (2002) Britain s Relative Economic Performance, Institute of Economic Affairs, London. Curwen P (1997) (ed.) Understanding the UK Economy. Fourth Edition, Macmillan, London. Dickens, R, Gregg, P and Wadsworth, J (2003) The Labour Market under New Labour: The State of Working Britain, Palgrave. Griffiths A and Wall S (2004) Applied Economics. Eighth Edition, Longman, London. Kitson M and Michie J (2000) (ed.) The Political Economy of Competitiveness: Essays on Employment, Public Policy and Corporate Performance. Routledge: London. Sawyer M (2001) (ed.) The UK Economy. Fifteenth Edition, Oxford University Press, Oxford. Page 128 of 278 Cardiff University

Economics Programmes BS2549 - Macroeconomic Theory School Cardiff Business School Department Code CARBS0 Module Code BS2549 Number of Credits 20 Level L5 Module Leader Dr Vito Polito Semester Double Semester Academic Year 2013/4 Outline Description of Module The function of this module is to provide students with a firm foundation in the workings of the macroeconomy. The module equips students with an understanding of the theory, concepts, principles and techniques of macroeconomics, building upon the material introduced in year one Macroeconomics. Its role is to provide the intermediate step towards the advanced Macroeconomic Analysis and provides the foundation for specialist optional modules in year 3. The Macroeconomic Theory module aims to provide students with a sound understanding of the method, content and scope of macroeconomic analysis, focusing in particular on models of the business cycle, economic growth and the components of aggregate demand. On completion of the module a student should be able to A Knowledge and Understanding: comprehend the key determinants of saving and investment, output and employment in both a closed and an open economy. appreciate the main differences between Classical and Keynesian theories of the business cycle. understand the determinants of long-term economic growth. be familiar with recent developments in the analysis of consumption, investment and asset demand. B Intellectual Skills: analyse and evaluate competing theories of the business cycle. critically evaluate models of economic growth. apply and evaluate theories of the determinants of aggregate demand. C Discipline Specific Skills: apply competing theories of the business cycle to the cyclical behaviour of key macroeconomic variables. 2013 Cardiff Business School Page 129 of 278

Undergraduate Programme Handbook illustrate and compare the potential effects of specific macroeconomic policies using different theories of the business cycle. apply neoclassical and endogenous growth models to the analysis of saving, investment and population growth. compare the operation of the open economy under different exchange rate regimes, including the effects of fiscal and monetary policy. D Transferable Skills: demonstrate the ability to undertake both diagrammatic and mathematical analyses of macroeconomic issues. development analytical, communication and learning skills through class work and web-based exercises. develop problem-solving skills. interpret real world macroeconomic data. How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be approximately 34 hours of lectures and 10 hours of classes. The module covers 10 topics, with each topic consisting of approximately 3 hours of lectures plus a one hour class. Lectures are used to identify the main principles and issues that are covered under each topic, building upon and developing the material covered in year 1 Macroeconomics. Details of specific reading material associated with each topic are presented in the course outline. The purpose of lectures is to cover the main points and structure of the topic, introduce new material, aid in improving student learning and provide guidance to further research on the topic. The classes are undertaken in parallel with the lectures and are structured so as to develop student s quantitative skills and their ability to apply the principles of macroeconomics outside the context in which they are introduced in the lectures. Each class involves a set of review questions that either require students to consider material covered in lectures in a more mathematical way that in lectures or to apply a particular theory or model to a set of real-world events. Indicative study hours: 200 How the module will be assessed The two class tests first require student to use material from the module to analyse a particular set of events and to solve problems, of a theoretical or practical kind, developing from the material covered in classes. The Final examination (end of Spring semester) also has two parts. The first part develops material covered in the classes and requires students to solve problems of a theoretical or practical kind. The second part is essay based and requires students to demonstrate an Page 130 of 278 Cardiff University

Economics Programmes understanding of macroeconomic theory and the ability to apply macroeconomic principles in comparative static analysis. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Macroeconomic Theory 3 Examination - Autumn Semester 30 Macroeconomic Theory 1.5 Syllabus content Productivity, Output and Employment; Consumption, Saving and Investment; Saving and Investment in the Open Economy; Business Cycles; Business Cycles in the Classical Model; The Real Business Cycle Model; New Keynesian Economics: The Macroeconomics of Wage and Price Rigidity; Business Cycles and Macroeconomic Policy; Long-Run Economic Growth; The Asset market, Money and Prices Household Decisions to Consume and Save: A More Formal Treatment; Monetary Policy and the Supply of Money Government Spending and its Financing; The Government Budget; Exchange Rates and the Open Economy. Indicative Reading and Resource List Recommended N/A N/A M Wickens (2012), Macroeconomic Theory; A Dynamic General Equilibrium Approach, (Second Edition), Princeton Others A Abel, B Bernanke and R McNabb (1998) Macroeconomics: European Edition, Addison Wesley Blanchard (2003), Macroeconomics: International Edition (Third Edition), Prentice Hall. M Burda and C Wyplosz (2005), Macroeconomics: A European Text, Oxford University Press R E Hall and J B Taylor (1997) Macroeconomics, Fifth Edition, Norton K D Hoover (1989) The New Classical Macroeconomics, Blackwell D Leslie (1993) Macroeconomics: Beyond IS/LM, McGraw Hill B Callum (1989) Monetary Economics: Theory and Policy, Prentice Hall P Minford and D Peel (2002), Advanced Macroeconomics, A Primer, Edward Elgar M Parkin and R Bade (1988), Modern Macroeconomics, Phillip Allan S M Sheffrin (1996), Rational Expectations, Second Edition, Cambridge Surveys of Economic Literature, Cambridge University Press B Snowden, H R Vane (1997) A Macroeconomics Reader, Routledge S D Williamson (2005), Macroeconomics, Addison-Wesley 2013 Cardiff Business School Page 131 of 278

Undergraduate Programme Handbook BS2550 - Microeconomic Theory School Cardiff Business School Department Code CARBS0 Module Code BS2550 Number of Credits 20 Level L5 Module Leader Professor Trevor Boyns Semester Double Semester Academic Year 2013/4 Outline Description of Module The module Microeconomic Theory is a compulsory module for all Economics students on the single and joint honours degree programmes. Its role is to build upon the analysis developed in the year 1 module Microeconomics and to provide the theoretical basis upon which the option modules in years 2 and 3 can develop. The function of the module in terms of progression varies across the degree programmes. For Economics it provides the intermediate step towards the advanced microeconomic theory of year 3. For Business Economics and Money Banking & Finance it provides the foundations for the specialist core modules of those programmes. The aim of the module is to provide second year undergraduates studying economics as a single or a joint honours degree with an understanding of key intermediate microeconomic concepts and their application. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate an understanding of the key areas of microeconomics: consumer theory, theories of the firm and market structure, general equilibrium analysis, basic welfare economics and various forms of market failure. B Intellectual Skills: analyse the operations of market economies. evaluate alternative theoretical models. C Discipline Specific Skills Demonstrate an ability to: identify appropriate theoretical models and associated analytical techniques to answer specific problems in microeconomics. use certain mathematical techniques to address specific problems in microeconomics. Page 132 of 278 Cardiff University

Economics Programmes D Transferable Skills: Demonstrate an ability to: manipulate mathematical equations and solve numerical problems. understand both theoretical and real-world examples. develop presentational skills in classes. apply logic and reason in addressing problems and issues. How the module will be delivered The formal timetabled components of the module comprise 33 hours of lectures and 11 hours of seminars. The lecture programme is supported by a module outline which details the reading to be completed by students for each section of the module. Students receive lecture handouts from time to time and a regular series of fortnightly seminar worksheets which are integrated with the lectures, and which encourage students to utilise the knowledge gained, both from lectures and from their associated reading. The questions on the seminar worksheets test student understanding of key theoretical microeconomic concepts and their ability to apply those concepts in addressing specific problems. In this way students develop their analytical and decision-making skills in order to help them attain the learning outcomes for this module. Students are supported throughout the module through the provision of fortnightly seminars, the posting of worksheet answers on the electronic noticeboard and have access to the lecturers through advertised weekly office hours and student-lecturer e-mail contact. Indicative study hours: 200 How the module will be assessed The Autumn Semester assessment contains a range of questions relating to the material taught in the section of the module dealing with household/consumer choice. The paper is divided into two sections. The first section assesses the ability of students to judge whether statements made are true or false and their ability to explain why, using appropriate microeconomic concepts. Questions require a combination of written answers accompanied by appropriate diagrammatic or mathematical reasoning. These true/false questions test students development of intellectual, communication, numeric and reasoning skills, as well as subject-specific knowledge. The second section of the assessment does likewise but, through a compulsory question, more specifically assesses their ability to understand a key mathematical technique, namely that of Lagrangean functions. The Spring Semester examination follows a similar format to that of the Autumn Semester examination, but is longer since it deals with the section of the module, that on firms, markets and efficiency, which comprises approximately two-thirds of the module teaching allocation. The examination has three sections: a true/false section; a mathematical section; and a longer answer section. The addition of the third section enables a formal assessment to be made of the students to write longer answers and/or to show an understanding of linked analytical topics. 2013 Cardiff Business School Page 133 of 278

Undergraduate Programme Handbook Informal and semi-informal assessment is provided through seminar worksheet questions which are taken in by tutors for scrutiny. A variety of class, examinationstandard, 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 consult those members of staff who conduct their seminars, the lecturers and the module leader, with any queries they may have about any aspects of the module. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 30 Microeconomic Theory 1.5 Examination - Spring Semester 70 Microeconomic Theory 3 Syllabus content The syllabus is divided into two sections: (i) Household/consumer choice (approximately one-third of the module teaching allocation): basic consumer theory indifference curve analysis; compensating and equivalent variations; extensions of the basic consumer model income/leisure trade-off and the borrowing/lending decision; (ii) Firms, markets and efficiency (approximately two-thirds of the module teaching allocation) production and cost theory; the competitive model; general equilibrium analysis; market power; market failure and missing markets. Indicative Reading and Resource List W Morgan, M L Katz and H S Rosen Microeconomics 2 nd European ed (2009) H R Varian Intermediate Microeconomics 8 th ed (Norton, 2000) H Gravelle and R Rees Microeconomics 3 rd ed (FT Prentice-Hall, 2004) N/A N/A Page 134 of 278 Cardiff University

Economics Programmes BS2551 - Money Banking & Finance School Cardiff Business School Department Code CARBS0 Module Code BS2551 Number of Credits 20 Level L5 Module Leader Mr Zhirong Ou Semester Double Semester Academic Year 2013/4 Outline Description of Module The role of this module is to provide students with a comprehensive introduction to the economics of money, banking and finance. It builds upon the theoretical analyses introduced in the year 1 macroeconomic and microeconomic modules and applies them within a monetary and financial context. The module provides an essential grounding for the final year modules on the Banking & Finance degree programme, Domestic and International Banking, International Finance and Financial Economics. This module aims to provide an understanding of the workings of monetary and financial systems and uses this understanding to assess and evaluate policy options and problems in economics, banking and finance. The module surveys basic monetary theory and provides insight into current debates in banking and finance. On completion of the module a student should be able to A Knowledge and Understanding: identify the role of financial institutions and financial markets and be able to demonstrate the ways in which they allocate savings and investment within the economy. be conversant with basic concepts of finance theory. Understand the mechanism of trading financial securities in capital markets identify competing theories of demand for money and money supply determination. outline the various theories of interest rate and exchange rate determination. be aware of developments in UK banking and financial markets. B Intellectual Skills: evaluate the functions and performance of banks and other financial intermediaries by examination of their involvement in such things as deposit creation, risk reduction and portfolio management. undertake financial analysis of, for example, various asset prices, and portfolio risk and return. Evaluate the use of information in trading securities in capital markets 2013 Cardiff Business School Page 135 of 278

Undergraduate Programme Handbook differentiate between competing theories of demand for money and to interpret the empirical evidence relating to these theories. synthesis of competing theories of money supply determination and to outline and assess the problems involved in monetary control. compare and contrast divergent theories of how interest rates are determined. C Discipline Specific Skills: Understand the implications of limit order and market order driven trades in securities trading. Use understanding of the workings and theories of monetary and financial systems to assess and evaluate various policy options. Apply competing theories of money demand and money supply determination to economic and financial data and information. Identify the role of interest rate theory in the formulation of current economic policy. Evaluate the theories of market efficiency in light of current empirical evidence. Summarise information on banks and other financial intermediaries in light of theories on capital and money markets. D Transferable Skills: communicate ideas and principles by written and oral means. develop numerical and problem solving skills exercise information gathering and handling skills show reasoning with empirical evaluation and logical reasoning. Ability to conduct securities trading as a day trader. How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be approximately 34 hours of lectures and 10 hours of classes including 4 hours trading practice in the trading room. The module covers 10 topics, with each topic consisting of approximately 3 hours of lectures plus a one hour class. For each topic, students are provided with detailed lecture plans which include the aim of the relevant lectures, a structured outline of what will be covered along with a detailed reading list for each topic. The purpose of lectures is to cover the main points and structure of the topic, cover new material, aid in improving student learning and provide guidance to further research on the topic. For each class, students will be given specific questions, which must be prepared and brought along for discussion. Indicative study hours: 200 Page 136 of 278 Cardiff University

How the module will be assessed Formal Assessment: Economics Programmes Autumn Semester Examination (20%) This consists of a short question exam relating to financial markets, portfolio theory and investment. This assessment focuses on subject specific skills and problem solving skills. Assignment (20%) The assignment will be a written report based on a securities trading exercise conducted in the autumn semester. Summer examination (60%) The summer examination will be will be based on the lectures in the second half of the first semester and the all of the second semester. The topics will be about the structure of financial markets, banking and credit markets, interest rates, the demand for money and monetary policy. Informal assessment: Informal assessment is provided through class exercises. Classes consist of a wide variety of questions/problems, based on lecture material, but requiring further research and reading. They may consist of numerical questions, written definitions, short essays, data response, and data collection in order to mirror the diversity of the final examination. In order to provide an indicator of knowledge and comprehension, students are informally assessed by use of short quizzes at the start of a number of lectures. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 20 Money Banking & Finance Examination - Spring Semester 60 Money Banking & Finance 1 N/A 3 N/A Written Assessment 20 Assignment N/A 11 Syllabus content Introduction to Finance and Portfolio Theory; CAPM; Market Efficiency; Rational expectations and the role of information in securities markets. Securities markets trading. The characteristics and functions of Money; The role and functions of 2013 Cardiff Business School Page 137 of 278

Undergraduate Programme Handbook Financial Intermediaries; Capital Markets & Valuation of Assets; Money Markets & the role of banks; Banks balance sheets and the risks and risk management of banks; The Demand for Money and Implications for Macro Models; Theory of Monetary Exchange and the Supply of Money; Theory of Monetary Policy; Determination of Interest Rates; Indicative Reading and Resource List The core text for this module is: Frederic S. Mishkin (2004) The Economics of Money, Banking and Financial Markets, 7 th Edition Addison Wesley. Detailed reading lists are given out with each topic. Page 138 of 278 Cardiff University

Economics Programmes BS2555 - Modern British Economic History School Cardiff Business School Department Code CARBS0 Module Code BS2555 Number of Credits 20 Level L5 Module Leader Professor Trevor Boyns Semester Double Semester Academic Year 2013/4 Outline Description of Module The role of this module is to provide students with a historical background to their studies on other economics modules and to prepare them for the third year module in International Economic History. On completion of the module a student should be able to A Knowledge and Understanding: show an awareness of the main methodological tools used in the study of economic history. make use of the main sources of historical data employed in the subject. demonstrate an overall knowledge and understanding of the main economic and social trends in Britain since 1914 undertake a more advanced module in economic history in the third year of their degrees B Intellectual Skills: synthesise and evaluate data. solve problems in the historical context. exercise powers of inquiry, logic and critical analysis, interpretation and evaluation of arguments and evidence. sustain a critical argument in writing. C Discipline Specific Skills: apply theoretical concepts to explain the development of the Economic Thought and Methodology since 1914. D Transferable Skills: to be able to seek out from libraries, databases or the Internet data of a statistical or documentary nature relevant to a particular topic of study to organise and formulate arguments based on this statistical and documentary data in answer to specific questions 2013 Cardiff Business School Page 139 of 278

Undergraduate Programme Handbook to make oral answers to specific questions and handle questioning from members of the group. write assignments or essays in a structured and well argued fashion How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be approximately 34 hours of lectures and 10 hours of classes. For each lecture students are supplied with data and/or stimulus material and are encouraged to take notes and to ask questions while the lecture is in progress. Lecture summaries are posted on the internet Blackboard database for students to download. For each class, students are provided with reading material and a series of questions on a particular topic which will be prepared in advance for discussion within the class. Indicative study hours: 200 How the module will be assessed Formal assessment: The two essays each count for 15% of the final mark. The assignments require a basic understanding of the topics augmented with further secondary research and reading. At this level the students are expected to include in their reading recent research published in the leading journals. Summer Examination: The exam paper consists of two sections: one compulsory section of 25 short answer questions, and a second section consisting of 12 questions on topics selected from all parts of the course from which three questions have to be answered. The exam is three hours long and is designed to test student understanding of underlying concepts, factual knowledge of the subject and the ability to order their thoughts, answer questions directly and relevantly and demonstrate their skill at written presentation. Informal Assessment: Informal assessment is provided through the class programme. Classes consist of a wide variety of questions/ problems, based on lecture material but requiring further reading. The class questions are designed to get students to order their material and their own thoughts in order to answer specific questions in a focused and relevant manner. Page 140 of 278 Cardiff University

Economics Programmes Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Modern British Economic History 3 N/A Written Assessment 15 Coursework Autumn N/A 12 Written Assessment 15 Coursework Spring N/A 11 Syllabus content The economic consequences of the first and second world wars; the problems of economic management and the gold standard in the 1920s; the causes of mass unemployment in the interwar period; the Great Slump of the 1930s; the recovery of the 1930s; interwar industrial relations; interwar social policy; the New Jerusalem of the post-1945 period; nationalisation; social welfare; women in work since 1945; the consumer revolution; the motor industry and manufacturing decline; industrial relations from 1945-1990; the golden years; the problems of the 1970s; the Thatcher Years. Indicative Reading and Resource List D.H. Aldcroft, The Economic Thought and Methodology: Vol 1, The years of turmoil 1920-1951 (Harvester, 1986). N.F.R. Crafts and N. Woodward (eds.), The Economic Thought and Methodology since 1945 (Oxford, 1991). R. Floud and P. Johnson (eds), The Cambridge Economic History of Modern Britain, Vols 2 & 3 (Cambridge, 2004). P. Johnson (ed.), 20th Century Britain: Economic, Social and Cultural Change (Longman, 1994). 2013 Cardiff Business School Page 141 of 278

Undergraduate Programme Handbook BS2558 - Economics of the EU School Cardiff Business School Department Code CARBS0 Module Code BS2558 Number of Credits 20 Level L5 Module Leader Dr Michael Arghyrou Semester Double Semester Academic Year 2013/4 Outline Description of Module Economics of the EU is an optional year-2 module available on all programmes and is designed to deepen the students knowledge of: (a) The history, institutional structures and the major economic policies characterising the process of the European economic and monetary integration (b) The theoretical debate on the potential costs and benefits of the European Economic and Monetary Union (EMU); (c) Issues of economic policy relating to the EMU; (d) The causes and consequences of the European sovereign debt crisis, the policy challenges arising at the national and union level and the crisis potential resolutions On completion of the module a student should be able to A Knowledge and Understanding: outline the historical process of economic and monetary integration in Europe. have a clear understanding of the potential economic costs and benefits originating from a country s participation in the EMU. have a clear understanding of the potential credibility problems inherent in incomplete monetary unions such as the European Exchange Rate Mechanism. have a clear understanding of the objectives and limitations of the criteria set by the Maastricht Treaty for a country s accession to the EMU. have a clear understanding of the institutional framework within which the European Central Bank (ECB) contacts a single monetary policy on behalf of the member-states of the EMU; the rationale underlying this framework; and its potential drawbacks. have a clear understanding of the policy objectives of the single monetary policy; the policy instruments through which this policy is contacted; and the debate concerning the policy s effectiveness and limitations. have a clear understanding of the theoretical arguments for and against the fiscal-policy provisions of the Stability and Growth Pact; and the debate concerning the latter s potential revision. have a clear understanding of the implications of the EMU in global financial markets. have a clear understanding of the causes of the European sovereign debt crisis, the challenges it poses and its potential resolutions. Page 142 of 278 Cardiff University

Economics Programmes B Intellectual Skills: reasoning; analysis of practical issues using theoretical frameworks; critique. C Transferable Skills: Reading and précis; Debating; Critical understanding of media output. How the module will be delivered There are approximately 36 hours of lectures and eight hours of classes for each student spread over the academic year. Classes consist of groups of eight to ten students and most of the classes are organised in a debating format with students being expected to prepare by reading on the class topic. At the class they are broken into subgroups and given about 15 minutes to prepare a brief debating type of presentation for or against the class topic. Each type of class is intended to prepare the students for different types of question in the eventual examination. Being a second year course students are expected to read extensively from the wide variety of sources, textbooks, advanced collections of readings (e.g. on EMU) and websites which are now available on all aspects of the EU. Indicative study hours: 200 How the module will be assessed a) An essay of some 2500-3000 words which require students to do significant literature or data search of their own, thereby beginning to develop their ability and confidence in carrying out research on their own initiative (30%) b) A major end of year examination, including compulsory and optional questions, which will test students grasp and understanding of the material taught throughout the academic year (70%) Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Economics Of The Eu 3 Written Assessment 30 Coursework N/A 2 N/A 2013 Cardiff Business School Page 143 of 278

Undergraduate Programme Handbook Syllabus content The Theory of Optimum Currency Areas An analytical presentation of the potential economic costs from a country s participation to the EMU. A critique of the Theory of Optimum Currency Areas An analytical presentation of the theoretical objections to the predictions of the Theory of Optimum Currency Areas. The potential economic benefits of the single currency An analytical presentation of the potential economic benefits from a country s participation to the EMU Potential costs and benefits compared An analytical presentation of the cost-benefit analysis relating to a country s participation to the EMU. The fragility of incomplete monetary unions An analytical presentation of the credibility problems inherent in incomplete monetary unions, such as the European Exchange Rate Mechanism; and the latter s vulnerability to speculative attacks. The transition to the EMU An analytical presentation of the Maastricht blueprint to the single currency: the rationale underlying the EMU-accession criteria and their potential drawbacks. The European Central Bank: Objectives and institutions An analytical presentation of the institutional framework of the ECB; its rationale; the potential conflicts of interest it may cause; and the question of accountability. Monetary policy in the Euro-area An analytical presentation of the main policy objectives of the singe monetary policy; the currently implemented monetary strategy; and the latter s drawbacks: potential incompatibility with the domestic requirements of individual national economies and intra-emu conflicts of interest. Page 144 of 278 Cardiff University

Fiscal policy in the Euro-area Economics Programmes An analytical presentation and evaluation of the fiscal-policy implications of the Stability and Growth Pact: rationale, potential benefits and costs. The Euro and international financial markets A critical discussion of the potential implications of the euro for international financial markets. The European sovereign debt crisis An analytical presentation and evaluation of the causes of the European sovereign debt crisis, the challenges it poses at the national and union level and its potential resolutions Indicative Reading and Resource List De Grauwe, P. (2009), Economics of Monetary Union (8 th edition), Oxford University Press. Arghyrou M.G. and Kontonikas A. (2011), The European debt crisis: Fundamentals, expectations and contagion, The European Commission, DG ECFIN, The European Economy Economic Papers Series No 436. 2013 Cardiff Business School Page 145 of 278

Undergraduate Programme Handbook BS2560 - Managerial Economics School Cardiff Business School Department Code CARBS0 Module Code BS2560 Number of Credits 20 Level L5 Module Leader Dr Annette Roberts Semester Double Semester Academic Year 2013/4 Outline Description of Module The Managerial Economics module examines a series of specific decision problems facing managers in modern firms and other institutions. These problems include the appropriate use of economic information to inform strategic and policy decisions, decision-making under conditions of uncertainty, the management of risk, and then the use of price and non-price decisions as strategic options. The module aims to enhance some of the skills and materials obtained in the year 2 Microeconomic Theory module and will provide support for year 3 modules in Industrial Economics, Modern Business Enterprise, and Business Applications. The module develops scientific decision frameworks and evaluation techniques to help solve a range of managerial problems, and explores the practical limitations of applying economic logic to business decision-making. The module aims to develop, through teaching and learning, subject-specific and transferable skills, including technical, analytical and research skills. On completion of the module a student should be able to A. Knowledge and Understanding: students will understand the key strategic economic problems facing modern business firms and institutions and be able to apply economic principles to a range of long term and short term decision problems. recognise the potential and limits of economic principles as an aid to managerial decision-making and in analysis of strategic decisions. B. Intellectual Skills: analytica lskills: Students are expected to apply logical analysis to economic problems. evaluative skills: Be able to accurately classify decision problems, and apply appropriate methods in seeking solutions to problems facing managers. Page 146 of 278 Cardiff University

Economics Programmes C. Discipline Specific Skills: appreciate the usefulness and limitations of economic theory to decisionmaking. recognise the significance of limitations and constraints on decision-makers in the firm, and to develop methods to deal with these problems in decisionmaking. accurately report solutions to decision-making problems, highlighting key data, assumptions and environmental contexts. D. Transferable Skills: work individually, setting goals and developing ideas. problem solve using a range of quantitative methodologies. develop logical and concise solutions to specific decision-type problems. respond accurately to questioning on researched topic areas. organise and analyse data on defined topics. use a variety of information and technology resources, including electronic data sources and the internet. How the module will be delivered Teaching occurs in the Autumn and Spring semesters. There are approximately 44 hours of contact comprising 34 hours of lectures and 10 hours of classes. Lectures provide students with an outline of the course material. Students are encouraged to read around the module topics through a series of key reading from core texts, and with supporting information from satellite texts. Classes concentrate on set numerical and essay style problems allied to the core lecture material. Students prepare answers to problems, deliver brief presentations of solutions, and participate in class discussions. Classes explore particular decision situations in more detail. Class questions typically require a mix of qualitative and qualitative solutions. Indicative study hours: 200 How the module will be assessed The essay-style assignment will examine students understanding of key concepts and theories in Managerial Economics and will test their ability to relate these to a relevant example or case. The assignment will be submitted during the early part of the Spring Semester and should be no longer than 2,000 words. The examination at the end of the Spring Semester is based on material covered in both Semesters. Students will have to answer four questions from a possible eight. There are a range of question types, including essay questions and multi-part quantitative/discussion mix questions. Students will demonstrate that they understand the theoretical foundations of the module, provide critiques of ideas and methodologies where necessary, and be able to apply logical, scientific approaches to decision-making in a range of decision situations. 2013 Cardiff Business School Page 147 of 278

Undergraduate Programme Handbook Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 80 Managerial Economics 3 N/A Written Assessment 20 Essay N/A 3 Syllabus content How do businesses use economic information?this includes business forecasting, methods and analytical cases, use of economic models and input-output analysis. Pricing techniques and analysis.topics include pricing and the competitive environment, pricing in practice, strategies in pricing and entry and exit decisions. How do firms make investment decisions in the presence of uncertainty?this includes cost of capital estimation, Modigliani and Miller ideas, financing of investments and capital structure optimisation. Estimating and using cost information in a competitive environment. Included are topics such as relevant costs for decisionmaking, cost estimation techniques, including statistical analysis, survivor analysis, engineering cost techniques and learning curves. Industry analysis.using industry data to support business decisions; key sector analysis, strategic analysis of firms. Location decisions as strategic economic choices. Topics include spatial competition, agglomeration economies, increasing returns, central place theory, industrial districts, and analysis of competition through geographical space. Contracting, governance and organisational form. Included are introductory issues in determining the scope of firm operations, and decisions to outsource activity. Government regulation. This includes an introduction to regulatory issues and examples and cases of firms responses to regulation. Bidding and auction design: This topic explores various types of auctions, optimal bidding strategies for buyers, the winner s curse, and optimal auction design. Indicative Reading and Resource List J. R. McGuigan, R. Moyer, and F. H. Harris, Economics for Managers, 12th Edition (South-Western, Cengage Learning 2012) H.C. Petersen and W.C. Lewis, Managerial Economics, 4th Edition (Prentice-Hall International 1999) D. Besanko, D. Dranove, M. Shanley, S. Schaefer, Economics of Strategy, 5th Edition, (Wiley, 2009) J. A. Brinkley, C. W. Smith and J. L. Zimmerman, Managerial Economics and Organizational Architecture, 5 TH Edition, (McGraw-Hill, 2009). Page 148 of 278 Cardiff University

Economics Programmes BS2570 - Introductory Econometrics School Cardiff Business School Department Code CARBS0 Module Code BS2570 Number of Credits 20 Level L5 Module Leader Mr Zhirong Ou Semester Double Semester Academic Year 2013/4 Outline Description of Module The Introductory Econometrics module introduces students to the main empirical techniques used by economists. On completion of the module a student should be able to A Knowledge and Understanding: understand the relationship between economic theory and econometrics. understand the basic techniques of statistical inference as used in empirical investigation. understand the issues which arise in applying these techniques in an economic context. B Intellectual Skills: be able to express theoretical propositions in a testable form. be able to assess competing theories on the basis of empirical evidence. C Discipline Specific Skills: be able to formulate, estimate and test a regression equation. be able to use econometric software to carry out estimation and testing. D Transferable Skills: be able to collect, record, display and analyse numerical data How the module will be delivered There are about 40 hours of lectures and 16 hours of classes. Indicative study hours: 200 2013 Cardiff Business School Page 149 of 278

How the module will be assessed Examination Component 60% Undergraduate Programme Handbook A 3 hour examination at the end of the Spring Semester (50%) Continuous Assessment 40% Two class tests/assignments in Week 8 of Semester 1 and Week 8 of Semester 2. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester Class Test 60 Introductory Econometrics 3 N/A 20 Introductory Econometrics - Non Accounting N/A 8 Written Assessment 20 Introductory Econometrics N/A 8 Syllabus content Descriptive Statistics. Probability and Random Variables. Discrete and Continuous Probability Distributions, Principles of Estimation and Hypothesis Testing. The Simple Regression Model, The Multiple Regression Model. Prediction, Dummy Variables, Test of Specification and Misspecification, Heteroscedasticity, Autocorrelation. Indicative Reading and Resource List R Carter Hill, W E Griffiths, G G Judge, Principles of Econometrics (3 rd edition), Wiley 2008 Page 150 of 278 Cardiff University

BS2701 - Vocational Skills II Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS2701 Number of Credits 20 Level L5 Module Leader Mrs Sylvie Beresford Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to further develop students language skills in French in the context of current affairs of the French-speaking countries. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of higher level grammar and syntax by producing written work in French which is centred around current affairs from French speaking countries, demonstrate capacity to express oneself orally with accuracy and appropriateness when discussing and analysing current affairs issues from French speaking countries. B Intellectual Skills: extract and synthesise key information from written and spoken sources, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics linked to current affairs in French speaking countries giving a structured and reasoned argument, demonstrate their ability to communicate in written French by effectively applying analytical and problem solving skills, demonstrate their ability to extract and analyse detailed information from authentic French sources. make effective use of French reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. 2013 Cardiff Business School Page 151 of 278

Undergraduate Programme Handbook D Transferable Skills: to be responsive to the discipline of working with others as part of a group, to understand and reflect upon different cultures and societies, to communicate ideas and arguments effectively. How the module will be delivered There will be 48 hours of language workshops. Topics will be supported by French video/audio tapes and readings from magazines on current affairs. Indicative study hours: 200 How the module will be assessed Examination component - 30% One 1-hour examination at the end of the Spring semester Continuous assessment - 70% Aural test (30 minutes) 20% Oral test (20 minutes) 30% Coursework 2 pieces 20% Submission dates: Week 8 of the Autumn semester Week 8 of the Spring semester Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 30 Vocational Skills Ii (french) 1 Written Assessment 20 Coursework N/A 8 Written Assessment 20 Aural N/A N/A Written Assessment 30 Oral N/A N/A Syllabus content France and the world (politics, history); the French Press (to include analysis and discussion of authentic reports/tv programmes from France); environmental issues; tourism and the French at work. Grammatical issues will be revised as appropriate. Indicative Reading and Resource List French for Business, 5 th edition, M Bower & L Barbarin, Hodder & Stoughton, 2002 (units 10-13) N/A Page 152 of 278 Cardiff University

BS2702 - Business Language Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS2702 Number of Credits 20 Level L5 Module Leader Mrs Genevieve Kinnafick Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with a sound knowledge of French business systems together with a range of advanced business language skills. This module will prepare for the Diplôme de français professional affaires B2 from Paris Chamber of Commerce and Industry. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate an ability, both in written and oral forms, to communicate at an advanced level on a range of business topics and situations by completing oral and written assignments, show knowledge/understanding of French business systems by completing oral and written assignments, take (optionally) the Paris Chamber of Commerce and Industry examination (DFP B2). B Intellectual Skills: extract and synthesise key information from written and spoken sources, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics business related within the framework of a structured and reasoned argument, demonstrate their ability to communicate in writing by effectively applying analytical and problem solving skills, demonstrate their ability to extract and analyse detailed information from spoken sources, make effective use of language reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. 2013 Cardiff Business School Page 153 of 278

Undergraduate Programme Handbook D Transferable Skills: show an ability to work creatively and flexibly with others as part of a team, show effective use of mediating skills and qualities of empathy. How the module will be delivered There will be 48 hours of language workshops during which students will broaden their vocabulary and knowledge of Business language. Indicative study hours: 200 How the module will be assessed Examination component: 50% One 2 hour examination at the end of the Spring semester Continuous assessment: 50% One written assignment 25% - (to be submitted in week 9 of Spring Semester) Oral examination 25% Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 50 Business Language (french) 2 N/A Written Assessment 25 Coursework N/A 9 Written Assessment 25 Oral N/A N/A Syllabus content The subjects covered will be Banking, business organisations, sales and negotiations, accountancy, transports, insurance, marketing, import-export, taxes, general economy. Indicative Reading and Resource List Le Nouveau French for Business, 4th edition, Le Goff C., Paris:Didier, 2000. Le français de l entreprise, M. Danilo, B. Tauzin, CLE International, 1990. Le français de la communication, M. Danilo, JL Penfornis, CLE International, 1993. Manual of business French, S. Williams, N. McAndrew-Cazorla, Routledge, 1996. Page 154 of 278 Cardiff University

Economics Programmes French for marketing, RE. Batchelor, M. Chebli-Saadi, Cambridge University Press, 1997. L Express (weekly magazine) Le Monde, Le Figaro (daily newspapers) 2013 Cardiff Business School Page 155 of 278

Undergraduate Programme Handbook BS2703 - Oral Comprehension & Expression School Cardiff Business School Department Code CARBS0 Module Code BS2703 Number of Credits 10 Level L5 Module Leader Mrs Nadia Swanwick Semester Spring Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with the necessary oral and aural study skills for their year abroad. On completion of the module a student should be able to A Knowledge and Understanding: understand the nature, purpose and content of authentic recorded documents from television channels or other media communications from the French speaking countries by participating in various forms of listening comprehension tasks including note-taking techniques, demonstrate their ability to discuss competently selected topics in a vocational context with advanced accuracy in grammar and syntax. B Intellectual Skills: integrate information provided in taught sessions and private study, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves fluently and maintain a lengthy conversation in French on a wide range of topics, apply idiomatic and colloquial phrases appropriately, demonstrate their aptitude to understand spoken French to near native speed. D Transferable Skills: to communicate ideas and arguments effectively in oral form, to be responsive to the discipline of working with others as part of a group, to understand and reflect upon different cultures and societies. Page 156 of 278 Cardiff University

How the module will be delivered Economics Programmes There will be 24 hours of language workshops. This module focuses on oral comprehension and expression and various forms of oral participation will be used to encourage students to speak French. A variety of authentic supports will be used to develop their understanding of spoken French. Indicative study hours: 100 How the module will be assessed Continuous assessment 100% Oral test (20 minutes) 50% Aural test (45 minutes) 50% Assessment Breakdown Type % Title Duration(hrs) Week Written Written Assess ment Assess ment Syllabus content 50 Oral Comprehension & Expression (french) 50 Aural Comprehension & Expression (french) Multimedia materials selected from the following will be used to stimulate discussion: TF1, France 2, France 3, Arte, TV5, Internet, France-Inter, Europe 1. Indicative Reading and Resource List Students are advised to regularly listen to French radio and watch French television if possible. Additionally, it is suggested that they listen to and work with various supports such as some of the recordings in the following periodicals:- Authentik, Champs Elysées and Outre-Manche. N/A N/A N/A N/A 2013 Cardiff Business School Page 157 of 278

Undergraduate Programme Handbook BS2704 - Business Correspondence School Cardiff Business School Department Code CARBS0 Module Code BS2704 Number of Credits 10 Level L5 Module Leader Mrs Genevieve Kinnafick Semester Autumn Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to refine students accuracy and flexibility in written expression in a business context. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of various forms of business correspondence by writing appropriate documents in given business situations, demonstrate written skills in writing business correspondence in a given business situation with accuracy and appropriateness. B Intellectual Skills: read and comprehend business correspondence and respond accordingly solve problems by developing appropriate responses in certain business situations. C Discipline Specific Skills: apply business vocabulary and idioms appropriately when dealing with French business correspondence, apply correct grammatical structures when writing French business letters understand written and oral information communicated via the phone and act accordingly. D Transferable Skills: understand various aspects of the French business world, apply effectively for jobs in French speaking countries. Page 158 of 278 Cardiff University

How the module will be delivered Economics Programmes There will be 24 hours of language workshops during which students will acquire different techniques of written communication. Indicative study hours: 80 How the module will be assessed Examination component 70% One 1 hour examination at the end of the Autumn semester Continuous assessment 30% One written assignment to be submitted in week 7 of the Autumn Semester Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 70 Business Correspondence (french) 1 N/A Written Assessment 30 Assignment N/A 7 Syllabus content Business letters, memos, e-mails, faxes, note-taking, telephone skills, job advertisements and written applications. Indicative Reading and Resource List Le Français De La Communication Professionnelle, M Danilo, S L Penfornis, CLE International, 1993 2013 Cardiff Business School Page 159 of 278

Undergraduate Programme Handbook BS2711 - Vocational Language Skills II School Cardiff Business School Department Code CARBS0 Module Code BS2711 Number of Credits 20 Level L5 Module Leader Dr Luzia Dominguez Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to further develop students language skills in Spanish in the context of current affairs of the Spanish-speaking countries. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of higher level grammar and syntax by producing written work in Spanish which is centred around current affairs from Spanish speaking countries. demonstrate capacity to express yourself with accuracy and appropriateness when discussing and analysing current affairs issues from Spanish speaking countries. B Intellectual Skills: extract and synthesise key information from written and spoken sources. engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics linked to current affairs in Spanish speaking countries giving a structured and reasoned argument. demonstrate their ability to communicate in written Spanish by effectively applying analytical and problem solving skills. demonstrate their ability to extract and analyse detailed information from authentic Spanish sources. make effective use of Spanish reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. Page 160 of 278 Cardiff University

Economics Programmes D Transferable Skills: to be responsive to the discipline of working with others as part of a group. to understand and reflect upon different cultures and societies. to communicate ideas and arguments effectively. How the module will be delivered There will be 48 hours of language workshops. Topics will be supported by Spanish video/audio tapes and readings from magazines on current affairs. Indicative study hours: 200 How the module will be assessed Examination component - 30% One 1-hour examination at the end of the Spring semester Continuous assessment - 70% Aural test (30 minutes) 20% Oral test (20 minutes) 30% Coursework 2 pieces 20% Submission dates: Week 8 of the Autumn semester Week 8 of the Spring semester Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 30 Vocational Language Skills Ii (spanish) 1 N/A Written Assessment 20 Coursework N/A 8 Written Assessment 20 Aural N/A N/A Written Assessment 30 Oral N/A N/A Syllabus content The course will cover information and discussion about current affairs in Spanish speaking countries with a particular emphasis on economic aspects. Topics will be based on authentic broadcasts from radio/tv and selected articles from the Spanish press. A revision of advanced grammatical points will also be included. 2013 Cardiff Business School Page 161 of 278

Undergraduate Programme Handbook Indicative Reading and Resource List Butt J/Benjamin C, 1988, A new Reference Grammar of Modern Spanish, Edward Arnold Journals: Muy Interesante Puerto del Sol, The Spanish Language Audio magazine Page 162 of 278 Cardiff University

BS2712 - Business Language Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS2712 Number of Credits 20 Level L5 Module Leader Mrs Cristina Fatmi Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with a sound knowledge of Spanish business systems together with a range of advanced business language skills. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate an ability, both in written and oral forms, to communicate at an advanced level on a range of business topics and situations by completing oral and written assignments, show knowledge/understanding of Spanish business systems by completing oral and written assignments. B Intellectual Skills: extract and synthesise key information from written and spoken sources, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics business related within the framework of a structured and reasoned argument, demonstrate their ability to communicate in writing by effectively applying analytical and problem solving skills, demonstrate their ability to extract and analyse detailed information from spoken sources, make effective use of language reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. D Transferable Skills: show an ability to work creatively and flexibly with others as part of a team, show effective use of mediating skills and qualities of empathy. 2013 Cardiff Business School Page 163 of 278

How the module will be delivered Undergraduate Programme Handbook There will be 48 hours of language workshops during which students will broaden their vocabulary and knowledge of Business language. Indicative study hours: 200 How the module will be assessed Examination component - 50% One 2 hour examination at the end of the Spring semester Continuous assessment - 50% One written assignment 25% - (to be submitted in week 9 of Spring Semester) Oral examination 25% Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 50 Business Language (spanish) 2 N/A Written Assessment 25 Coursework Assignment N/A 9 Written Assessment 25 Oral N/A N/A Syllabus content The subjects covered will be: The Market Place; Human Resource Management; Marketing & Publicity; Sales and Negotiations; Import-Export; Commerce & Industry; Business Organisations; Banking-Stock Exchange; Tourism. Indicative Reading and Resource List Textbook: Temas de Empresa, Edinumen, 2008 Reference Material: 1993, Dictionary of Business, English-Spanish, Spanish-English, Peter Collin Publishing Perez Roman C/Michel Ferrie F, 1993, Introduction to Business Translation. A Handbook of English-Spanish Contrastive Linguistics, S.A. Gorman M/Henson ML, 1995, Spanish Business Situations, Routledge Page 164 of 278 Cardiff University

Economics Programmes BS2713 - Oral Comprehension and Expression School Cardiff Business School Department Code CARBS0 Module Code BS2713 Number of Credits 10 Level L5 Module Leader Dr Luzia Dominguez Semester Spring Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with the necessary oral and aural study skills for their year abroad. On completion of the module a student should be able to A Knowledge and Understanding: understand the nature, purpose and content of authentic recorded documents from television channels or other media communications from the Spanish speaking countries by participating in various forms of listening comprehension tasks including note-taking techniques. demonstrate their ability to discuss competently selected topics in a vocational context with advanced accuracy in grammar and syntax. B Intellectual Skills: integrate information provided in taught sessions and private study, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves fluently and maintain a lengthy conversation in French on a wide range of topics, apply idiomatic and colloquial phrases appropriately, demonstrate their aptitude to understand spoken Spanish to near native speed. D Transferable Skills: to communicate ideas and arguments effectively in oral form, to be responsive to the discipline of working with others as part of a group, to understand and reflect upon different cultures and societies. 2013 Cardiff Business School Page 165 of 278

How the module will be delivered Undergraduate Programme Handbook There will be 24 hours of language workshops. This module focuses on oral comprehension and expression and various forms of oral participation will be used to encourage students to speak Spanish. A variety of authentic supports will be used to develop their understanding of spoken Spanish. Indicative study hours: 100 How the module will be assessed Continuous assessment 100% Oral test (20 minutes) 50% Aural test (45 minutes) 50% Assessment Breakdown Type % Title Duration(hrs) Week Written Assessment Written Assessment Syllabus content 50 Oral Comprehension & Expression (spanish) 50 Aural Comprehension & Expression (spanish) Multimedia materials selected from Spanish Radio and TV-programmes will stimulate discussions on a selection of topics. Indicative Reading and Resource List Students are advised to regularly listen to Spanish radio and watch Spanish television if possible. Additionally, it is suggested that they listen to and work with various supports such as some of the recordings in the following periodicals: - Authentik, Puerto del Sol N/A N/A N/A N/A Page 166 of 278 Cardiff University

Economics Programmes BS2714 - Business Correspondence School Cardiff Business School Department Code CARBS0 Module Code BS2714 Number of Credits 10 Level L5 Module Leader Dr Luzia Dominguez Semester Autumn Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to refine students accuracy and flexibility in written expression in a business context. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of various forms of business correspondence by writing appropriate documents in given business situations. demonstrate written skills in writing business correspondence in a given business situation with accuracy and appropriateness. B Intellectual Skills: read and comprehend business correspondence and respond accordingly. solve problems by developing appropriate responses in certain business situations. C Discipline Specific Skills: apply business vocabulary and idioms appropriately when dealing with Spanish business correspondence. apply correct grammatical structures when writing Spanish business letters. understand written and oral information communicated via the phone and act accordingly. D Transferable Skills: understand various aspects of the Spanish business world. apply effectively for jobs in Spanish speaking countries. 2013 Cardiff Business School Page 167 of 278

How the module will be delivered Undergraduate Programme Handbook There will be 24 hours of language workshops during which students will acquire different techniques of written communication. Indicative study hours: 80 How the module will be assessed Examination component - 70% One 1 hour examination at the end of the Autumn semester Continuous assessment - 30% One written assignment to be submitted in week 12 of the Autumn Semester Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 70 Business Correspondence (spanish) 1 N/A Written Assessment 30 Assignment N/A 12 Syllabus content Business letters, memos, e-mails, faxes, note-taking, telephone skills, job advertisements and written applications. Indicative Reading and Resource List 1993, Dictionary of Business English-Spanish Spanish-English, Peter Collin Publishing Gorman M/Henson M, 1997, Spanish/English Business Glossary, Routledge Paine M, 1993, Spanish Commercial Correspondence, Harrap s Language Library Gomez de Enterria J, 1990, Correspondencia Comercial en Espanol, SGEL Page 168 of 278 Cardiff University

Economics Programmes BS2721 - Vocational Language Skills II School Cardiff Business School Department Code CARBS0 Module Code BS2721 Number of Credits 20 Level L5 Module Leader Ms Bettina Kantelhardt Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to further develop students language skills in German in the context of current affairs of the German-speaking countries. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of higher level grammar and syntax by producing written work in German which is centred around current affairs from German speaking countries. demonstrate capacity to express yourself with accuracy and appropriateness when discussing and analysing current affairs issues from German speaking countries. B Intellectual Skills: extract and synthesise key information from written and spoken sources. engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics linked to current affairs in German speaking countries giving a structured and reasoned argument. demonstrate their ability to communicate in written German by effectively applying analytical and problem solving skills. demonstrate their ability to extract and analyse detailed information from authentic German sources. make effective use of German reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. 2013 Cardiff Business School Page 169 of 278

Undergraduate Programme Handbook D Transferable Skills: to be responsive to the discipline of working with others as part of a group. to understand and reflect upon different cultures and societies. to communicate ideas and arguments effectively. How the module will be delivered There will be 48 hours of language workshops. Topics will be supported by German video/audio tapes and readings from magazines on current affairs. Indicative study hours: 200 How the module will be assessed Examination component - 30% One 1-hour examination at the end of the Spring semester Continuous assessment - 70% Aural test (30 minutes) 20% Oral test (20 minutes) 30% Coursework 2 pieces 20% Submission dates: Week 8 of the Autumn semester Week 8 of the Spring semester Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 30 Vocational Language Skills Ii (german) 1 N/A Written Assessment 20 Aural N/A N/A Written Assessment 30 Oral N/A N/A Written Assessment 20 Coursework N/A 8 Syllabus content The course will cover information and discussion about current affairs in German speaking countries with a particular emphasis on economic aspects. Topics will be based on authentic broadcasts from radio/tv and selected articles from the German press. A revision of advanced grammatical points will also be included. Page 170 of 278 Cardiff University

Economics Programmes Indicative Reading and Resource List Tebbutt S, 2001, Klaro! A practical guide to German grammar, Arnold Fehringer C, 2002, German Grammar in Context, Arnold Dreyer Schmitt, 1985, Lehr und Übungsbuch der deutschen Grammatik, Verlag für Deutsch Hill J et al, Aspekte deutscher Gegenwart, Texte und Übungen, Advance Materials 1999 Schauins Land, The German Language Audiomagazine 2013 Cardiff Business School Page 171 of 278

BS2722 - Business Language Undergraduate Programme Handbook School Cardiff Business School Department Code CARBS0 Module Code BS2722 Number of Credits 20 Level L5 Module Leader Ms Bettina Kantelhardt Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with a sound knowledge of German business systems together with a range of advanced business language skills. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate an ability, both in written and oral forms, to communicate at an advanced level on a range of business topics and situations by completing oral and written assignments, show knowledge/understanding of German business systems by completing oral and written assignments. B Intellectual Skills: extract and synthesise key information from written and spoken sources, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics business related within the framework of a structured and reasoned argument, demonstrate their ability to communicate in writing by effectively applying analytical and problem solving skills, demonstrate their ability to extract and analyse detailed information from spoken sources, make effective use of language reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. D Transferable Skills: show an ability to work creatively and flexibly with others as part of a team, show effective use of mediating skills and qualities of empathy. Page 172 of 278 Cardiff University

How the module will be delivered Economics Programmes There will be 48 hours of language workshops during which students will broaden their vocabulary and knowledge of Business language. Indicative study hours: 200 How the module will be assessed Examination component - 50% One 2 hour examination at the end of the Spring semester Continuous assessment - 50% One written assignment 25% - (to be submitted in week 9 of Spring Semester) Oral examination 25% Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 50 Business Language (german) 2 N/A Written Assessment 25 Assignment N/A 9 Written Assessment 25 Oral N/A N/A Syllabus content The subjects covered will be business organisations, sales and negotiations, transports, insurance, marketing, import-export, general economy, company legal structure. Indicative Reading and Resource List Textbook: Wirtschaftsdeutsch Von A Z, 1995, Langenscheidt Reference material: Renner Sachs, 1987, Economic Terminology, Hueber Collins German Dictionary, 5 th Edition 2004 Hamblock/Wessels, 1994, Wörterbuch Wirtschaftsenglisch. Deutsch-Englisch, Cornelsen Business Magazines: Die Wirtschaftswoche (Germany) Der Trend (Austria) 2013 Cardiff Business School Page 173 of 278

Undergraduate Programme Handbook BS2723 - Oral Comprehension & Expression School Cardiff Business School Department Code CARBS0 Module Code BS2723 Number of Credits 10 Level L5 Module Leader Ms Helga Eckart Semester Spring Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with the necessary oral and aural study skills for their year abroad. On completion of the module a student should be able to A Knowledge and Understanding: understand the nature, purpose and content of authentic recorded documents from television channels or other media communications from the German speaking countries by participating in various forms of listening comprehension tasks including note-taking techniques. demonstrate their ability to discuss competently selected topics in a vocational context with advanced accuracy in grammar and syntax. B Intellectual Skills: integrate information provided in taught sessions and private study. engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves fluently and maintain a lengthy conversation in German on a wide range of topics. apply idiomatic and colloquial phrases appropriately. demonstrate their aptitude to understand spoken German to near native speed. D Transferable Skills: to communicate ideas and arguments effectively in oral form. to be responsive to the discipline of working with others as part of a group. to understand and reflect upon different cultures and societies. Page 174 of 278 Cardiff University

How the module will be delivered Economics Programmes There will be 24 hours of language workshops. This module focuses on oral comprehension and expression and various forms of oral participation will be used to encourage students to speak German. A variety of authentic supports will be used to develop their understanding of spoken German. Indicative study hours: 100 How the module will be assessed Continuous assessment 100% Oral test (20 minutes) 50% Aural test (45 minutes) 50% Assessment Breakdown Type % Title Duration(hrs) Week Written Assessment 50 Oral Comprehension & Expression N/A Written Assessment 50 Aural Comprehension & Expression N/A Syllabus content Multimedia materials selected from the following will be used to stimulate discussion: ARD, ZDF, NTV, www.dradio.de Indicative Reading and Resource List Students are advised to regularly listen to German radio and watch German television if possible. Additionally, it is suggested that they listen to and work with various supports such as some of the recordings in the following periodicals: - Authentik, Schau ins Land. N/A N/A 2013 Cardiff Business School Page 175 of 278

Undergraduate Programme Handbook BS2724 - Business Correspondence School Cardiff Business School Department Code CARBS0 Module Code BS2724 Number of Credits 10 Level L5 Module Leader Ms Juliana Nau Semester Autumn Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to refine students accuracy and flexibility in written expression in a business context. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate knowledge of various forms of business correspondence by writing appropriate documents in given business situations. demonstrate written skills in writing business correspondence in a given business situation with accuracy and appropriateness. B Intellectual Skills: read and comprehend business correspondence and respond accordingly. solve problems by developing appropriate responses in certain business situations. C Discipline Specific Skills: apply business vocabulary and idioms appropriately when dealing with German business correspondence. apply correct grammatical structures when writing German business letters. understand written and oral information communicated via the phone and act accordingly. D Transferable Skills: understand various aspects of the German business world. How the module will be delivered There will be 24 hours of language workshops during which students will acquire different techniques of written communication. Page 176 of 278 Cardiff University

Economics Programmes Indicative study hours: 80 How the module will be assessed Examination component: 70% One 1 hour examination at the end of the Autumn semester Continuous assessment: 30% One written assignment to be submitted in week 12 of the Autumn Semester Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 70 Business Correspondence (german) 1 N/A Written Assessment 30 Assignment N/A N/A Syllabus content Business letters, memos, e-mails, faxes, note-taking, telephone skills. Indicative Reading and Resource List Paine M, 1991, German Commercial Correspondence, Harrap s Language Library Hartley P, 1996, Manual of Business German, Routledge DUDEN, 1987, Briefe gut und richtig schreiben, Dudenverlag Sachs R, 2001, Deutsche Handelskorrepondenz. Der Schriftwechsel in Export und Import, Neubearbeitung, Hueber Langenscheidts Musterbriefe, 100 Briefe Deutsch, 1992, Langenscheidt Hering A/Matussek M, 1996, Geschäftskommunikation, Schreiben und Telefonieren, Hueber Schmitz W/Schreiner D, 1983, Ihr Schreiben vom Geschäftliche und private Briefe im Baukastensystem, Verlag für Deutsch Renner Sachs, 1987, Economic Terminology, Hueber Collins German Dictionary, 5 th Edition 2004 2013 Cardiff Business School Page 177 of 278

Undergraduate Programme Handbook INTERCALARY YEAR MODULE DESCRIPTION (in order of module code) Page 178 of 278 Cardiff University

Economics Programmes BS4009 - Intercalary Study Programme in Europe School Cardiff Business School Department Code CARBS0 Module Code BS4009 External Subject Code N100 Number of Credits 120 Level L5 Language of Delivery English Module Leader Mrs Rosemary Smith Semester Double Semester Academic Year 2013/4 Outline Description of Module This module enables students to live in France, Germany, Spain or Switzerland, and to study at one of Cardiff Business School s partner institutions in that country. It gives students the opportunity to move their French, German or Spanish language to an advanced stage; to gain academic knowledge in French, German or Spanish relevant to their area of study; and to gain experience of daily life in France, Germany, Spain or Switzerland. On completion of the module a student should be able to A Knowledge and Understanding: Speak and read French, German or Spanish with improved facility Live and function effectively in a European country where that language is spoken B Intellectual Skills: Appreciate and be able to digest information in a variety of forms and languages; Describe and analyse given situations; Compare and contrast known paradigms with those newly encountered. C Discipline Specific skills: To understand and actively use key terms and phrases related to business, economics, accounting etc in French, German or Spanish; To produce written academic work in that language; To present academic work orally in that language; To participate in group work conducted in that language. 2013 Cardiff Business School Page 179 of 278

Undergraduate Programme Handbook D Transferable skills To live and function in another country Independently to observe and appreciate cultures and daily society To carry out independent study and to further develop self study techniques How the module will be delivered Students select modules at the host institution. The modules will relate to the student s degree subject, and will be taught and assessed in the language of that country (not English). The choice of modules must include one language module (ie the language of the student s degree). The methods of teaching and learning will be as specified by the host institution. The choice of modules must be agreed by Cardiff Business School at the start of the study period. The modules selected must total 40 European credits (ECTs). Independent study will be expected. Indicative study hours: 1200 How the module will be assessed The modules must be assessed in the language of that country (not English). Module assessment may include written examinations, written assignments, individual or group presentations, case studies, and other methods of assessment as prescribed by the host institution. The result obtained at the host institution will be converted to the Cardiff Business School equivalent. Resit assessment subject to approval by the Cardiff Business School Examining Board - will be required in the event of failure to achieve 40 ECTs Assessment Breakdown Type % Title Duration(hrs) Period Week Written Assessment Syllabus content 100 Intercalary Study Programme In Europe N/A 1 N/A The content will be selected by the student and must be approved by Cardiff Business School, and the host institution. Page 180 of 278 Cardiff University

Economics Programmes YEAR THREE (Year Four for Language students) PROGRAMME STRUCTURES 2013 Cardiff Business School Page 181 of 278

Undergraduate Programme Handbook 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 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 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. In Year 3 the programme offers students the opportunity to acquire detailed knowledge and technique in the specialist areas of economics of banking, international finance and financial economics. YEAR 3 Three compulsory double modules BS3571 Economics of Banking BS3554 Financial Economics BS3555 International Finance Plus two double modules and one single module in each semester or three double modules from BS3551 Econometrics BS3568 International Trade BS3556 International Economic History BS3558 Labour Economics BS3593 Corporate Reporting and Finance BS3728 Ethics and Morality of Business BS3573 The Economics of Development BS3572 Industrial Economics Autumn Semester Spring Semester BS3515 Financial Derivatives BS3615 Security Analysis and Portfolio Management Page 182 of 278 Cardiff University

Economics Programmes N3R9 N3R2 N3R4 BSc (Econ) Banking and Finance with a European Language (French) BSc (Econ) Banking and Finance with a European Language (German) 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. 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. This degree programme aims to provide students with a competence in a specified European language and knowledge of the economy of the country of the language. 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. In Year 4 the programme offers students the opportunity to acquire detailed knowledge and technique in the specialist areas of economics of banking, international finance and financial economics. BS3571 BS3554 BS3555 YEAR 4 Three compulsory double modules Economics of Banking Financial Economics International Finance *Continued on next page* 2013 Cardiff Business School Page 183 of 278

Undergraduate Programme Handbook BS3551 BS3556 BS3568 BS3558 BS3572 BS3573 and two double modules or one double module and two single modules in each semester from: Econometrics International Economic History International Trade Labour Economics Industrial Economics The Economics of Development Autumn Semester Spring Semester BS3515 Financial Derivatives BS3615 Security Analysis and Portfolio Management and one of the following routes ROUTE 1 FRENCH BS3701 Language Skills for Professionals (French) ROUTE 2 GERMAN BS3721 Language Skills for Professionals (German) ROUTE 3 SPANISH BS3711 Language Skills for Professionals (Spanish) Page 184 of 278 Cardiff University

Economics Programmes 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. 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. The programme examines government and international business policy to identify their ramifications for the development of markets and firms. It 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 3 REQUIREMENTS Four compulsory double modules BS3570 Applied Macroeconomics & Finance BS3547 Business Applications BS3572 Industrial Economics BS3561 Modern Business Enterprise Plus two further modules, at least one of which must be from Group 1 Group 1 BS3551 Econometrics BS3568 International Trade BS3556 International Economic History BS3558 Labour Economics BS3573 The Economics of Development *Continued on next page* 2013 Cardiff Business School Page 185 of 278

Undergraduate Programme Handbook BS3593 BS3727 BS3728 BS3543 BS3741 BS3538 Group 2 Corporate Reporting and Finance Entrepreneurship and Small Business Development Ethics and Morality of Business Strategic Management Marketing Decision Making Work and Employment Page 186 of 278 Cardiff University

Economics Programmes L1R9 L1RX L1RY BSc (Econ) Business Economics with French BSc (Econ) Business Economics with German BSc (Econ) 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. 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. This degree programme aims to provide students with a competence in a specified European language and knowledge of the economy of the country of the language. The programme aims to inform students of the main features of the UK industrial economy and the key developments in business. 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. The programme examines government and international business policy to identify their ramifications for the development of markets and firms. BS3570 BS3547 BS3572 BS3561 BS3551 BS3556 BS3568 BS3558 BS3573 YEAR 4 Four compulsory double modules Applied Macroeconomics & Finance Business Applications Industrial Economics Modern Business Enterprise and one double module from: Econometrics International Economic History International Trade Labour Economics The Economics of Development *Continued on next page* 2013 Cardiff Business School Page 187 of 278

Undergraduate Programme Handbook BS3701 BS3721 BS3711 and one of the following routes ROUTE 1 FRENCH Language Skills for Professionals (French) ROUTE 2 GERMAN Language Skills for Professionals (German) ROUTE 3 SPANISH Language Skills for Professionals (Spanish) Page 188 of 278 Cardiff University

Economics Programmes 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. 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 to acquire knowledge and technique in a number of specialised areas. These include public finance, econometrics, welfare economics, economic history, labour economics and international economics. BS3565 BS3566 BS3551 BS3554 BS3556 BS3555 BS3568 BS3558 BS3573 BS3572 YEAR 3 - REQUIREMENTS Two compulsory double modules Macroeconomic Analysis Microeconomic Analysis And four double modules from: Econometrics Financial Economics International Economic History International Finance International Trade Labour Economics The Economics of Development Industrial Economics 2013 Cardiff Business School Page 189 of 278

Undergraduate Programme Handbook LN13 BSc (Econ) Economics and Finance AIMS OF THE PROGRAMME The aim of the Economics & 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 close relationship between economics and finance and disciplines of accounting and law is emphasised throughout the programme. 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 student 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 corporate finance and business finance. YEAR 3 REQUIREMENTS Five compulsory double modules BS3502 Business Finance BS3551 Econometrics BS3514 International Corporate Finance BS3565 Macroeconomic Analysis BS3566 Microeconomic Analysis Plus one single module per semester Autumn Semester Spring Semester BS3515 Financial Derivatives BS3615 Security Analysis & Portfolio Management Or one compulsory double module BS3554 Financial Economics Page 190 of 278 Cardiff University

Economics Programmes 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. The programme encourages a range of transferable discipline-specific and core analytical skills that will be of value to students in their subsequent careers. Over the three years of study, it aims to introduce students to a wide range of subject areas in both the economics and management disciplines. BS3593 BS3727 BS3728 BS3741 BS3543 BS3538 BS3571 BS3554 BS3555 YEAR 3 REQUIREMENTS Three double modules from: Corporate Reporting and Finance Entrepreneurship & Small Business Development Ethics & Morality of Business Marketing Decision Making Strategic Management Work & Employment Plus modules from one of the following Groups Group 1 Three double modules from: Economics of Banking Financial Economics International Finance *Continued on next page* 2013 Cardiff Business School Page 191 of 278

Undergraduate Programme Handbook BS3570 BS3547 BS3572 BS3561 BS3565 BS3566 BS3551 BS3556 BS3568 BS3558 BS3573 Group 2 Three double modules from: Applied Macroeconomics & Finance Business Applications Industrial Economics Modern Business Enterprise Group 3 Both Macroeconomic Analysis Microeconomic Analysis Plus one double module from: Econometrics International Economic History International Trade Labour Economics The Economics of Development REQUIREMENTS Students who studied BS2551 Money, Banking and Finance must select modules from Group 1 Students who studied BS2560 Managerial Economics must select modules from Group 2 Students who studied BS2549 Macroeconomic Theory must select modules from Group 3 Page 192 of 278 Cardiff University

Economics Programmes L160 L1R2 L1R4 BSc Economics with a European Language (French) BSc Economics with a European Language (German) BSc Economics with a European Language (Spanish) AIMS OF THE PROGRAMME The Economics with a European Language 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. This degree programme aims to provide students with a competence in a specified European language and knowledge of the economy of the country of the 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 to acquire knowledge and technique in a number of specialised areas, including public finance, welfare economics, economic history, labour economics and international economics. BS3565 BS3566 YEAR 4 - REQUIREMENTS Two compulsory double modules Macroeconomic Analysis Microeconomic Analysis *Continued on next page* 2013 Cardiff Business School Page 193 of 278

Undergraduate Programme Handbook BS3551 BS3554 BS3555 BS3556 BS3568 BS3558 BS3572 BS3573 BS3701 BS3721 BS3711 And three double modules from: Econometrics Financial Economics International Finance International Economic History International Trade Labour Economics Industrial Economics The Economics of Development And one of the following routes ROUTE 1 FRENCH Language Skills for Professionals (French) ROUTE 2 GERMAN Language Skills for Professionals (German) ROUTE 3 SPANISH Language Skills for Professionals (Spanish) Page 194 of 278 Cardiff University

Economics Programmes JOINT HONOURS DEGREE PROGRAMMES LL12 BSc (Econ) Politics and Economics BS3565 BS3566 BS3551 BS3556 BS3568 BS3558 BS3554 BS3571 BS3555 BS3573 BS3572 YEAR 3 REQUIREMENTS Three double modules from: Macroeconomic Analysis* Microeconomic Analysis* Econometrics** International Economic History International Trade Labour Economics Financial Economics Economics of Banking International Finance The Economics of Development Industrial Economics PLUS 60 CREDITS IN POLITICS * Macroeconomic Analysis and Microeconomic Analysis must be taken together and students must have taken BS2570 Introductory Econometrics in Year 2. **In order to select BS3551 Econometrics, students must have taken BS2570 Introductory Econometrics in Year 2. *Continued on next page* 2013 Cardiff Business School Page 195 of 278

Undergraduate Programme Handbook VL11 VL51 BA Economics and History BA Economics and Philosophy BS3556 BS3568 BS3558 BS3554 BS3571 BS3555 BS3573 BS3572 YEAR 3 REQUIREMENTS Three double modules from: International Economic History International Trade Labour Economics Financial Economics Economics of Banking International Finance The Economics of Development Industrial Economics PLUS 60 CREDITS OF MODULES FROM HUMANITIES RL11 RL21 RL31 LR14 BA French and Economics BA German and Economics BA Italian and Economics BA Spanish and Economics BS3556 BS3568 BS3558 BS3554 BS3571 BS3555 BS3573 BS3572 YEAR 4 REQUIREMENTS Three double modules from: International Economic History International Trade Labour Economics Financial Economics Economics of Banking International Finance The Economics of Development Industrial Economics PLUS 60 CREDITS OF MODULES FROM HUMANITIES Page 196 of 278 Cardiff University

Economics Programmes YEAR THREE MODULE DESCRIPTIONS (in order of module code) 2013 Cardiff Business School Page 197 of 278

Undergraduate Programme Handbook BS3514 - International Corporate Finance School Cardiff Business School Department Code CARBS0 Module Code BS3514 Number of Credits 20 Level L6 Module Leader Dr Konstantinos Tolikas Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to analyze corporate finance issues in a global context by studying the economic, fiscal, currency and political environments in which international companies operate and the methods and techniques they use to manage their operations. On completion of the module a student should be able to A Knowledge and Understanding Describe and evaluate the different types of currency regimes operating throughout the world. Demonstrate an understanding of the functions of the foreign exchange market. Show a systematic knowledge and understanding of, and critically evaluate the international parity relationships. Evaluate the motives underlying foreign direct investment (FDI) and assess the strategies used to manage the financial risks arising from FDI. Understand the problems introduced by national boundaries in corporate finance and show a systematic understanding of the ways in which international companies may overcome some of these problems. Understand the issues involved in the estimation of the cost of capital for foreign projects. Understand the effects of political risk in international financial decisions and demonstrate knowledge of political risk measurement and management strategies. Define, measure and distinguish between the different types of foreign exchange risk and evaluate the different ways of managing the risks. Evaluate the different motives underpinning foreign exchange risk management. Assess the aims and functions of international financing and cash management. Analyse the relevance of different corporate governance systems to international corporate finance. Page 198 of 278 Cardiff University

Economics Programmes B Intellectual Skills Collect, synthesise and evaluate primary and secondary data. Solve problems, including the ability to manipulate financial and other numerical data and to apply statistical and economic concepts at an appropriate level. Exercise powers of inquiry, logic, and critical analysis, interpretation and evaluation of arguments and evidence. Undertake independent research and reading. Sustain a critical argument in writing. C Discipline Specific Skills Use the international parity relationships to assist in forecasting appropriate forward and spot foreign exchange rates. Apply appropriate techniques to evaluate overseas short term and long term investment and financial decisions. Apply appropriate numerical techniques to identify, measure and manage translation exposure, transaction exposure and economic exposure. Assess the role of derivatives in managing foreign exchange risk. Use appropriate information to measure the cost of capital for international companies when international financial markets are involved. D Transferable Skills Communicate ideas, principles and theories effectively by oral and written means. Exercise initiative, self reliance and time management skills and work independently. Appreciate alternative viewpoints. Exercise numeracy, problem solving and IT skills. Access and utilise information in a variety of research resources both traditional (e.g. library) and IT (e.g. the Internet, databases). How the module will be delivered Teaching takes place throughout the academic year. The formal timetabled components of this module comprise approximately 34 hours of lectures and 10 hours of classes. Theoretical concepts and practical problems are introduced in the lectures, along with illustrations. The classes form the basis for students to apply the respective numerical techniques and to discuss the theoretical and practical issues relating to the topics covered. A research-based approach is emphasised by referring students to empirical evaluations of both the theoretical and practical material covered in the lectures. In addition, students are referred to text books written by authors with substantial research experience in the field of international corporate finance; these texts also contain numerous references which students are encouraged to read. Both lectures and classes are designed to provide students with the tools and knowledge to fulfil the requirements for the learning outcomes for this module. Students should develop technical, evaluative, discursive and presentation skills in classes. 2013 Cardiff Business School Page 199 of 278

Indicative study hours: 100 How the module will be assessed Undergraduate Programme Handbook The formal assessment for this module comprises individual coursework and a written examination. The coursework constitutes 30% of the overall mark for the module. There will also be one 3 hour examination at the end of the spring semester, constituting 70% of the overall module mark. The coursework and examination are designed to allow students to demonstrate that they have achieved the learning outcomes established for this module. The coursework will be in the form of an individual essay. Students are required to demonstrate the ability to pursue individual research and to read widely. The report also aims to test analytical and writing skills. The examination paper is designed to enable students to demonstrate their intellectual skills of analysis, synthesis and evaluation and the extent to which they have met the module learning outcomes. The paper will include questions of two types: first, problem questions requiring students to use the theoretical and technical material from the module to solve problems and to evaluate their solutions; second, essay questions designed to enable students to demonstrate their understanding of the theoretical and discursive material covered on the module. Informal assessment is provided through the class problems (for which solutions are provided) which enable students to self assess the extent to which they are meeting the module learning outcomes. In addition the module coordinator is available at advertised times to answer queries and discuss progress with students. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 International Corporate Finance 3 N/A Written Assessment 30 Coursework N/A 12 Syllabus content Introduction to exchange rates and their relevance to multinational companies; currency systems around the world; currency crises; international parity relationships, purchasing power parity (PPP), interest rate parity, international Fisher effect; foreign exchange exposure measurement and management, transaction, translation and economic exposure; motives for hedging currency risk; foreign direct investment (FDI); international working capital management; international investment appraisal; political risk management; international corporate governance. Indicative Reading and Resource List Shapiro, A., Multinational Financial Management, 9th edition, John Wiley & Sons. Page 200 of 278 Cardiff University

Economics Programmes Eiteman, D.K., Stonehill, A.I. and Moffett, M.H., Multinational Business Finance, 12th edition, Addison-Wesley. Buckley, A., Multinational Finance, 5th edition, FT Prentice Hall. Copeland, L. S., Exchange Rates and International Finance, 4th edition, FT Prentice Hall. Madura, J. and R. Fox, International Financial Management, Thomson. 2013 Cardiff Business School Page 201 of 278

Undergraduate Programme Handbook BS3515 - Financial Derivatives School Cardiff Business School Department Code CARBS0 Module Code BS3515 Number of Credits 10 Level L6 Module Leader Mr Roydon Roberts Semester Autumn Semester Academic Year 2013/4 Outline Description of Module The Financial Derivatives module is designed to provide students with an understanding of financial derivatives, their valuation and applications, and of the markets on which they are traded. On completion of the module a student should be able to A Knowledge and Understanding: show a systematic knowledge of the concepts underlying the analysis of derivative securities. show a systematic knowledge of a range of different types of derivative security including forwards and futures contracts, options and swaps and of the operations of the markets on which they are traded. show a systematic knowledge of, and critically evaluate, pricing models for a range of derivative securities including forwards and futures contracts, options and swaps. show a systematic knowledge of, and critically evaluate, a range of investment strategies using derivatives including arbitrage, hedging and speculation. B Intellectual Skills: synthesise and evaluate primary and secondary data. solve problems, including the ability to manipulate financial and other numerical data and to apply statistical concepts at an appropriate level. exercise powers of inquiry, logic, and critical analysis, interpretation and evaluation of arguments and evidence. sustain a critical argument in writing. C Discipline Specific Skills: measure and evaluate the returns on, and risks of, different types of derivative security including forwards and futures contracts, options and swaps. price a range of derivative securities including forwards and futures contracts, options and swaps, using a range of appropriate pricing models. Page 202 of 278 Cardiff University

Economics Programmes apply examples of investment strategies using derivative securities including arbitrage, speculation and hedging strategies. D Transferable Skills: communicate ideas, principles and theories effectively by oral and written means. exercise initiative, self reliance and time management skills and work independently. appreciate alternative viewpoints. exercise numeracy, problem solving and IT skills. access and utilise information in a variety of research resources both traditional (e.g. library) and IT (e.g. the Internet, databases). How the module will be delivered The formal timetabled component of the module comprises approximately sixteen lectures and six classes. The lecture programme, which is supported by detailed handouts, is used to introduce material to students, to direct them (through the use of recommended reading and web sites included in the handouts) to sources which will enable them, during the private study time they devote to the module (seventy eight hours), to increase their knowledge and understanding of that material, and to empower them to attempt the problems which are set for classes. Classes are closely integrated to the lecture programme and are designed to enable students to apply the material covered in that programme to solve problems and to discuss and evaluate those solutions. Students are supported throughout the module through consultation with the module coordinator. Indicative study hours: 100 How the module will be assessed The examination paper is designed to enable students to demonstrate their intellectual skills of analysis, synthesis and evaluation and the extent to which they have met the module learning outcomes. Informal assessment is provided through the class problems (for which solutions are provided) which enable students to self assess the extent to which they are meeting the module learning outcomes. In addition the module coordinator is available throughout the module to answer queries and discuss progress with students. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 100 Financial Derivatives 2 N/A 2013 Cardiff Business School Page 203 of 278

Undergraduate Programme Handbook Syllabus content Introduction: the nature of financial derivatives; types of financial derivative; applications of derivatives; basic concepts market efficiency, arbitrage and fair price. Forwards & Futures: distinction between forwards and futures; futures markets; types of future; pricing futures and forwards; applications of futures and forwards speculation and hedging. Options: options markets; types of option; option payoffs and strategies; option valuation; option sensitivities and hedging; applications of options speculation and hedging. Swaps: swaps markets; types of swap; motives for swaps; pricing swaps; applications of swaps. Other financial derivatives. Indicative Reading and Resource List Cuthbertson & Nitzsche, Financial Engineering: Derivatives and Risk Management, Wiley, 2001 Hull, Fundamentals of Futures and Options Markets, 6 th Edition, Pearson Prentice Hall, 2005 Hull, Options, Futures & Other Derivatives, 7 th Edition, Prentice Hall International, 2008 Kolb, Futures, Options & Swaps, 5 th Edition, Blackwell 2003 Page 204 of 278 Cardiff University

Economics Programmes BS3538 - Work and Employment School Cardiff Business School Department Code CARBS0 Module Code BS3538 Number of Credits 20 Level L6 Module Leader Dr Sarah Jenkins Semester Double Semester Academic Year 2013/4 Outline Description of Module To develop a critical knowledge and understanding of the changing content, management and experience of work in contemporary industrial society. On completion of the module a student should be able to A. Knowledge and Understanding Demonstrate knowledge and understanding of the different ways of analysing work skills in the social sciences and evaluate the debate over the changing nature of skill with reference to the knowledge economy. Demonstrate an understanding of the concept of emotional labour and its relevance to the contemporary workplace. Display an understanding and ability to critically review debates in sociology about the nature of control and consent within the new workplace. Demonstrate knowledge and understanding of the debate over worker responses to contemporary management practice. Understand the importance of time in the overall experience of work and assess the approaches of management and workforce to working time issues. Assess the importance of workers collective representation within the workplace. Assess the components and importance of hidden work and its relevance to work in the formal sector. Assess the changing nature of careers in contemporary society. Demonstrate a knowledge and ability to evaluate critically current theories of the future of work. B. Intellectual Skills: Analysis/Synthesis/Evaluation Make use of lectures, tutorials, assignments and independent study to acquire knowledge and understanding of theories and research findings on the changing nature of work in contemporary societies. Develop a critical understanding of theory and debate over the nature, experience and development of work. Develop a capacity to apply social theory to the analysis of work in capitalist societies. 2013 Cardiff Business School Page 205 of 278

C. Discipline Specific Skills: Undergraduate Programme Handbook Develop a knowledge of sociological and management theories of work and their relevance to the analysis of changes in work in contemporary society. Develop a capacity to read, evaluate and synthesise original research of both quantitative and qualitative forms produced by researchers in the field of work sociology. D. Transferable Skills: Develop the ability to interpret research data produced in the social sciences. Develop a capacity to communicate orally through participation in tutorial debate and other exercises Develop a capacity to synthesise research data and write assignments to communicate ideas, knowledge and arguments. Work individually through guided study and make use of lectures, tutorials, reading lists, websites and assignments to develop knowledge of work sociology. Work in groups in problem-solving and other activities within tutorials. Make use of word-processing other software to generate assignments. How the module will be delivered The module is delivered through 32 hours of lectures, delivered over two semesters. The lectures provide a range of theoretical perspectives and practical illustrations relating to themes and debate over the nature of the contemporary workplace. Examples used are drawn from the lecturers current research. Students are provided with a list of reading and journal titles relevant to the subject area and are required to undertake self-directed study. The lectures are supported by 12 hours of tutorials. The latter reflect the main themes in the module and are based around carefully selected, appropriate reading. It is a requirement that students prepare for tutorials through reading and debate and discuss themes. There is an emphasis on student participation with tutors acting as facilitators. Indicative study hours: 200 How the module will be assessed Assessment combines an end-of-module examination and an individual written assignment of 3000 words. The examination requires students to answer three questions; one related to work covered in semester one and two related to work covered in semester two. It provides for summative assessment and requires students to display subject relevant knowledge and understanding and the intellectual skills of analysis, synthesis and argument. Page 206 of 278 Cardiff University

Economics Programmes The individual assignment provides both summative and formative assessment, covering detailed knowledge and understanding of a specific aspect of the module subject matter and intellectual, discipline-specific and transferable skills, including the capacity to gather and interpret research material and present it in a communicable form. The assignment relates to the material delivered in semester one of the module. It requires students to search for and identify relevant research material and demonstrate a critical understanding of theoretical interpretations of the changing nature of work. Formative assessment is provided for through the use of assessment criteria, which are communicated to students and discussed prior to the work being completed. Feedback is provided on a group and individual basis using these same criteria. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Work And Employment 3 Written Assessment 40 Essay N/A 1 Syllabus content Syllabus content focuses on contemporary debate and research on the nature of work and employment. Themes include: the meaning of work; content of work, including skills, knowledge work and emotional labour; the organisation of work, including the organisation of working time, the representation of collective interests and the relationship between the formal and informal economy; the management of work, including new forms of control and strategies to elicit consent; responses to work, including survival strategies and resistance; the future of work, including theories of work futures and the changing nature of careers. N/A 2013 Cardiff Business School Page 207 of 278

Undergraduate Programme Handbook BS3543 - Strategic Management School Cardiff Business School Department Code CARBS0 Module Code BS3543 Number of Credits 20 Level L6 Module Leader Mr Mark Toon Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of the module is to develop an understanding among students of the new realities of contemporary business strategy by examining important issues that corporate strategists have to acknowledge and anticipate in order to compete successfully in the current business environment. On completion of the module a student should be able to A. Knowledge and Understanding Display knowledge and understanding of the core strategic management concepts both at a macro and micro level, and of their application within contemporary business. B. Intellectual Skills: Analyse key micro/macro level issues and their implications for strategic management. Such issues include effective decision making, the management of change, developing and managing learning, and knowledge, strategic alliances, and corporate governance. C. Discipline Specific Skills: To debate the validity of theories based around competitive advantage and understand the implications of the internal and external views of the firm and to recognise the overlap possible across these two perspectives. To investigate models of change management and understand the implications for the use of power and politics within organizations. To examine the trend of collaborative strategies such as strategic alliances and joint ventures as a growth strategy for organisations, exploring current approaches and key success factors. To assess the importance of mergers and acquisitions for companies in today s dynamic environments and develop awareness of managing the acquisition and merger process. Page 208 of 278 Cardiff University

Economics Programmes D. Transferable Skills: To assess strategic management concepts and corporate strategies from the perspective of the key themes discussed in the module. Develop analytical skills from case study analysis. Develop group working skills. To debate the validity of theories based around the pursuit of competitive advantage, and to discuss the significance of concerns about the sustainability and responsibility of businesses to their various stakeholders. To apply an understanding of Strategic Management theory to solve practical problems in an industrial context. How the module will be delivered The formal timetabled component of the module comprises 44 hours (40 hours lectures and 4 hours seminars) in Semesters 1 and 2, supported by on-line learning resources. Lectures are supported by handouts and students are directed to consolidate and expand their learning through structured reading. This is detailed in the syllabus for each key theme of the module. Journal articles in each subject area are utilised in class to highlight recent developments. The opportunity is also taken in the lectures to use a variety of media such as videos and demonstrations of specific examples of new information technology. Seminars are used to consolidate knowledge on several of the key themes covered in the module via case study analysis. Indicative study hours: 200 How the module will be assessed Formal: Two in-course assignments of 1500 words each. The first essay based assignment will allow students to apply some of the theory they have covered in phase one of the module. The second assignment will be of a report style format and will allow the students to demonstrate application of the theory covered across phases one and two using an industrial context. One three-hour examination, where students are required to answer three questions. The examinations contain a range of questions designed to cover all the learning outcomes for the module and to test skill development. Emphasis is placed on testing students application of knowledge in particular contexts and their ability to critically assess and synthesise the knowledge obtained from the module as a whole. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Strategic Management 3 Written Assessment 20 Assignment N/A 9 Written Assessment 20 Assignment N/A 4 N/A 2013 Cardiff Business School Page 209 of 278

Undergraduate Programme Handbook Syllabus content The module addresses key areas of strategy. The external view reflects the position of an organisation in its industry. The internal view covers the internal resources and competencies of the organisation. Each of these two areas contributes to understanding the sources of advantage for an organisation. Mergers and acquisitions focuses on a key area of strategy implementation while decision making and organisational change looks at the process and management of strategy implementation. Corporate governance considers the responsibility of the organisation to its stakeholders and also considers issues of strategic control. Indicative Reading and Resource List Strategic Management Competitiveness and Globalization. Volberda et al (2011). Cengage Page 210 of 278 Cardiff University

Economics Programmes BS3547 - Business Applications School Cardiff Business School Department Code CARBS0 Module Code BS3547 Number of Credits 20 Level L6 Module Leader Mr Bruce Webb Semester Double Semester Academic Year 2013/4 Outline Description of Module The Business Applications module aims to develop the concepts explored in the Managerial Economics module, and make use of the skills acquired in the Empirical Business Economics module to analyse business decisions using spreadsheets. The module extends the economics discipline by showing how the knowledge and skills acquired in core economics areas may be applied to resource allocation problems within the firm. It deals with the structure of business decision making, and how practical applications can be enlightened using theoretical economic perspectives. It develops computerised models for the economic analysis of business decisions and equips students with the principles and techniques of economic, statistical and mathematical analysis as applied to key decision areas in business management. In the process it provides transferable subject-specific and core analytical skills that will be of value to students in their future education and careers. On completion of the module a student should be able to A Knowledge and Understanding: apply and assess the modelling paradigm to the solution of complex real world problems commonly met in the business environment understand the diagnostic statistics available in statistical packages, and various other attributes for assessing the reliability of forecasts evaluate demand estimations, forecasts and their theoretical bases appreciate the purpose and limitations of national economic and market data and be competent in utilising them for decision models and forecasts B Intellectual Skills: describe and apply the main principles and techniques of Business Economics, particularly those which utilise spreadsheets: apply the methodology of economic and financial modelling used in decision making, including investment appraisal, pricing and output analysis which can benefit from quantitative techniques. 2013 Cardiff Business School Page 211 of 278

Undergraduate Programme Handbook C Discipline Specific Skills: economic and Statistical modelling D Transferable Skills: computer-model development is fostered in small workshop groups so that students acquire the necessary skills step by step. The material used in these workshops is simplified for pedagogic reasons but the principles studied are widely transferable to a business environment. How the module will be delivered Teaching will be conducted through 22 hours of lectures and 22 one-hour computer workshops. Lectures, which often include demonstrations using modern audio-visual equipment, offer a coherent statement of the syllabus whilst the practical application of the models studied in the computer laboratory offer important re-enforcement and learning by doing. Regular supervised computer lab workshops in smaller groups enables monitoring of student progress and to ensure the acquisition of the necessary spreadsheet skills and knowledge. Indicative study hours: 200 How the module will be assessed One 2 hour examination at the end of the Autumn semester based on the syllabus covered in that semester. One 4 hour examination at the end of the Spring semester based on the syllabus of BOTH semesters. Examinations are held in the microcomputer laboratories Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 30 Business Applications 2 Examination - Spring Semester 70 Business Applications 4 Syllabus content 1. Computer Models of the Firm Profit-maximising monopoly and Baumol's sales-revenue-maximising model. Solutions involving spreadsheet tabulation, backward iteration, and the logical function of Excel N/A N/A Page 212 of 278 Cardiff University

2. Investment and Finance Economics Programmes Discounted cash flow and the NPV, IRR and PMT functions of Excel. Application of DCF to project selection, ranking, rent or buy, capital rationing, and optimal replacement problems. 3. Management Science Application of linear programming to production and transportation; with marketing applications in advertising, media planning and site location analysis. Extensions to the capital rationing problem. 4. Forecasting techniques Definitions, methodologies, qualitative, quantitative, costs and benefits. Development of smoothing techniques: time-series decomposition, simple exponential smoothing and the Holt-Winters triple parameter technique. 5. Revision of basic 2-variable regression model Development of multiple regression as a spreadsheet application. Basic forecasting with the model and its implementation in the spreadsheet. Point and interval forecasts. Sources of forecasting error. 5. Regression methodologies Co-linearity, ARMA, indicators, causal modeling:- e.g. the Stock Adjustment Model. Ex ante and Ex post forecasts. Naïve forecasts. Forecast assessment accuracy analysis. Using single equation economic models The policy problem. Using simple simultaneous economic models and their spreadsheet application - Gauss-Seidel. 6. Dynamic simultaneous economic models Dynamic modeling in a spreadsheet environment. Application for forecasting, economic modeling and policy decision with 'what-if' analysis. 7. Statistical forecasting strategy. ARMA models identification, estimation and diagnostic checking in the spreadsheet Indicative Reading and Resource List D. Whigham Quantitative Business Methods Using Excel Oxford 2013 Cardiff Business School Page 213 of 278

Undergraduate Programme Handbook J.F. Barlow Excel Models for Business and Operations Management (3 rd ed) Wiley 2005 D. R. Anderson, Sweeney & Williams Contemporary Business Statistics with Microsoft Excel Thomson/Southwestern D. R. Anderson, Sweeney & Williams An Introduction to Management Science - quantitative approaches to decision making Thomson/Southwestern H. Kvanli, Pavur & Keeling Introduction to Business Statistics- a computer integrated data analysis approach Thomson/Southwestern Of less direct relevance for the reasons given are: Gully "Modelling Economic Systems - a spreadsheet-based approach" International Thomson Press 1996 (uses Quattro Pro) J. Bridge "Managerial Decisions with the Microcomputer" Philip Allan Chs 2, 4, 5 (uses Lotus 1-2-3) The following do not use spreadsheets but discuss some of the topics covered. G. Judge "Quantitative analysis for Economics and Business" Chs 8,9,10 G. Keating "The Production and use of Economic Forecasts" J. Jarrett "Business Forecasting Methods" Blackwell 1987 R. S. Pindyck and D. L. Rubinfeld Econometric Models and Forecasting McGraw-Hill H. Levy and M. Sarnat Capital Investment and Financing Decisions Prentice Hall S. Lumby Investment Appraisal and Financing Decisions Van Nostrand Reinhold The underlying econometric theory can be found in the text: R C. Hill et. al. Principles of Econometrics (3 rd ed) Wiley 2008Sections 4.1 (app4a), 6.8, Ch 9, 12, The following are comparatively easy reading and deal with closely related IT and economic data analysis issues. G. Judge Computing Skills for Economists Wiley 2000 G. Koop Analysis of Economic Data (3 rd ed) Wiley 2008 Page 214 of 278 Cardiff University

BS3551 - Econometrics Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS3551 Number of Credits 20 Level L6 Module Leader Dr Guangjie Li Semester Double Semester Academic Year 2013/4 Outline Description of Module This double module provides students pursuing the Economics and related schemes with the core techniques used in the analysis of both cross section and time series economic data. Study of the theory is reinforced with instruction in and use of modern econometric software. The aims of this module are firstly to enable students to acquire competence in the use of economic data for the analysis of issues and questions in economics and secondly to develop an awareness of the limitations of such uses. On completion of the module a student should be able to A Knowledge and Understanding: explain and critically appraise the relevance to economic data of all the terms and concepts associated with the Classical Regression Model. know how to select an appropriate functional form to represent an economic relationship. explain and contrast principles of parameter estimation based on fit with those based on likelihood. explain, compute and interpret statistical tests of composite hypotheses, omitted and irrelevant variables and of model stability. describe how economic variables with limited values may be incorporated into regression models. define the nature of and apply procedures for dealing with commonly occurring residual error structures. explain the identification problem and apply procedures for the estimation of parameters in simultaneous equation models. explain and contrast causal and ARIMA lag representations of mid-frequency time series data. explain and apply valid procedures for the application of regression methods to time series data. B Intellectual Skills: synthesise and evaluate the technical concepts of the syllabus 2013 Cardiff Business School Page 215 of 278

Undergraduate Programme Handbook appraise theory and its relevance to different situations plan, design and investigate a computer simulation critically compare the results of data analysis with model expectations C Discipline Specific Skills: compute and interpret estimates and inferential statistics associated with the two- and three- variable Classical Regression Model. use Econometric software (Eviews) interactively to analyse supplied datasets in support of the learning outcomes identified above. work together to program econometric software (Eviews) to carry out a Monte Carlo study of an econometric estimator. D Transferable Skills: working with others to develop a computer based investigation prepare reports integrating textual and numerical material develop personal management skills associated with working to a deadline finding data using both traditional and web sources How the module will be delivered Teaching takes place in both the first and second semesters. In each semester there are 11 weekly 50-minute lectures and 11 weekly 50-minute computer lab sessions. The lectures cover the methodology and techniques aspects of the syllabus whilst the lab sessions provide opportunities for application, discussion and reinforcement of the lecture material as well as giving experience using a state of the art econometrics computer package. Lectures are supported with detailed handouts, OHP slides and computer demonstrations where appropriate. Use of the dedicated software offers an appreciation of the advantages and disadvantages of interactive and programming interfaces for econometric research. The lab sessions are supported by offering each student networked access to the specialist econometric software, spreadsheet software for data management, word-processing software for report writing, E-mail for virtual learning environment and the Internet for data sources. Indicative study hours: 200 How the module will be assessed The examination paper is made up of two sections. In the first, a single compulsory question requires the student to write briefly demonstrating their understanding of the meaning and importance of three out of four nominated technical terms at the root of the econometrics syllabus. The second section requires the student to select three questions from those offered to show a deeper understanding of and ability to apply the topics covered in the module. The continuously assessed component comprises two projects each contributing 20% of the assessment. Page 216 of 278 Cardiff University

Economics Programmes Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Econometrics 3 N/A Written Assessment 20 Project Autumn N/A 12 Written Assessment 20 Project Spring N/A 8 Syllabus content (Sem1) The methodology of econometrics and basic matrix algebra form. Three methods to tackle the linear regression model: least squares, method of moments, maximum likelihood. Large sample statistical theory. Monte Carlo methods. Robust variance estimation. Omitted variable bias and proxy variable. Instrumental variable estimation and generalized method of moments. (Sem2) Linear probability models and limited dependent variable models. Simultaneous equations models. Stationary and trend stationary time series models. Analysis of nonstationary time series and unit root processes. Indicative Reading and Resource List J.M. Wooldridge Introductory Econometrics: A Modern Approach (4 th Edition) South Western College, Learning, 2008 J.H. Stock and M.W. Watson Introduction to Econometrics (2 nd edition), 2006 G. S. Maddala, Introduction to Econometrics (4 th edition) John Wiley & Sons, 2009 G. Koop Introduction to Econometrics, 2008, John Wiley & Sons 2013 Cardiff Business School Page 217 of 278

Undergraduate Programme Handbook BS3554 - Financial Economics School Cardiff Business School Department Code CARBS0 Module Code BS3554 Number of Credits 20 Level L6 Module Leader Dr Sheikh Selim Semester Double Semester Academic Year 2013/4 Outline Description of Module The role of this module is to apply concepts and techniques learnt in the year 2 Microeconomics Analysis and Money Banking & Finance modules to real world issues affecting financial markets. It provides students with an introduction to financial economics and complements the work they do in the year 3 International Finance module. The aim of the Financial Economics module is to provide students with a broad background to financial economics with the emphasis on financial asset valuation and risk management.. On completion of the module a student should be able to A Knowledge and Understanding: Understand and learn the microfoundations of and the dynamic general equilibrium approach to financial economics, and in particular, learn the fundamental techniques used in intertemporal financial decision making under uncertainty. Understand and implement the concept of risk and risk management, therefore explain how mean, standard deviation, correlation and distributions play an important role in risk management. value and understand the characteristics of financial assets such as bonds, equities, perpetuities, discuss the assumptions made for each category of assets, discuss the strength and weakness of the valuation approaches. understand utility theory, understand the differences between risk averse, risk neutral and risk loving investors, define and calculate measures of risk understand the different notions of market efficiency, discuss the conflicting empirical evidence available, express their own views and link the notions of market efficiency with the theorems in finance. Understand and learn the applications of three key models of financial economics, namely, the mean variance model, the capital asset pricing model, and the arbitrage pricing model. understand the fundamental nature of derivatives, how they are traded in the market, explain their dramatic growth, develop simple trading strategies, discuss, explain and apply the put-call parity theorem. Page 218 of 278 Cardiff University

Economics Programmes be familiar with derivative valuation techniques such as the Black-Scholes equation and the binomial tree approach, value common stock options using the Black-Scholes equation, value American type options using the lattice. be aware of recent derivative disasters, appreciate lessons learnt from such events, understand the notion behind VaR, apply VaR to simple cases. B Intellectual Skills: be able to apply mathematical and financial analysis to finance and risk management. be able to evaluate main financial and risk management issues facing modern firms. C Discipline Specific Skills: be familiar and competent to research statistical, textual, and internet sources relating to modern financial institutions. be able to analyse the economic basis of financial strategy as it relates to areas such as asset valuation, risk management, financial market strategy. D Transferable Skills: be read extensively, and be able to collect, organise and analyse data. be familiar with key IT resources for research purposes and to inform classes and assignment work. be confident in developing individual ideas, setting personal course goals and schedules How the module will be delivered The formal timetabled component of the module is approximately 36 hours of lectures and 8 hours of classes. The lecture programme is supported by detailed handouts, problem sets and structured reading (recommended reading is detailed in the handout provided at the beginning of the lecture programme). Class questions attempt to force students to challenge, interpret and understanding the subjects covered. Students are supported throughout the module through the provision of regular surgeries (approximately 15-20 hours per year), held approximately every week, student lecturer private consultation sessions, revision sessions and email student-lecturer contact. Indicative study hours: 200 How the module will be assessed The exam at the end of the Spring semester contains two sections, with 5 questions in each section. First section contains mainly materials from the Autumn semester and the second section contains materials from the Spring semester. Students have to attempt 6 questions, at least two from each section. All questions carry the same number of marks. 2013 Cardiff Business School Page 219 of 278

Assessment Breakdown Undergraduate Programme Handbook Type % Title Duration(hrs) Week Examination - Spring Semester 70 Financial Economics 3 Class Test 15 Class Test Autumn N/A N/A Class Test 15 Class Test Spring N/A N/A Syllabus content Present value calculations; time value of money; annuities; internal rate of return; valuation of bonds; statistics review; general equilibrium approach, intertemporal financial decisions; arbitrage; state-preference approach; contingent claims & arrow securities; risk; optimal portfolio problem; equity premium puzzle; mean variance approach; capital asset pricing model; arbitrage pricing model. Indicative Reading and Resource List R.E. Bailey (2005), The Economics of Financial Markets, Cambridge University Press. Yvan Lengwiler (2004), Microfoundations of Financial Economics, Princeton University Press N/A Page 220 of 278 Cardiff University

Economics Programmes BS3555 - International Finance School Cardiff Business School Department Code CARBS0 Module Code BS3555 Number of Credits 20 Level L6 Module Leader Dr Michael Arghyrou Semester Double Semester Academic Year 2013/4 Outline Description of Module The International Finance module aims to: Describe, discuss and where appropriate perform numerical calculations relevant to, the use of currency derivatives for hedging, speculation and market pricing purposes. Describe and discuss mainstream theories of international macroeconomics, exchange rate determination and market efficiency; and, where appropriate, comment upon their relevance to actual (observed) exchange rate movements. On completion of the module a student should be able to A. Knowledge and Understanding: understand the characteristics of international financial assets such as currency forward contracts, futures and currency options be familiar with the concepts of risk, risk management, arbitrage and speculation. understand the concepts of hedging and assets replication have a thorough understanding of the main theories of pricing currency derivatives (forward contracts, futures and options). have a thorough understanding of key concepts in exchange rate theory such as purchasing power parity and interest rate parity appreciate the different theories of international macroeconomics and exchange rate determination (and their applications) understand the efficient market hypothesis in the context of the foreign currency market and the main hypotheses explaining deviations from it. B. Intellectual Skills: Apply and evaluate different concepts of exchange rate risk and risk management Analyse and evaluate different theories of international macroeconomics, exchange rate determination and market efficiency. 2013 Cardiff Business School Page 221 of 278

C. Discipline Specific Skills: Undergraduate Programme Handbook Apply models of exchange rate risk management to decision making in international finance Compare the effects of monetary and real shocks under different exchange rate regimes Illustrate and compare different theories of international macroeconomics and exchange rate determination Apply the theory of market efficiency, as well as the hypotheses explaining deviations from it, to decision making in international finance. D. Transferable Skills: demonstrate an ability to undertake mathematical analysis of international financial issues develop problem solving skills develop analytical and learning skills through class work exercises interpret real world international finance data How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be approximately 36 hours of lectures and 10 hours of classes. Students will be required to prepare and present class exercises during the year. Students are expected to participate in classes. Class questions based on the material covered in lectures will be distributed to students in advance during lectures. Students will be expected to prepare answers in advance, and will also be expected to explain their answers during the classes. Questions will be asked in a variety of formats, mirroring those that the students can expect in the examinations, and will involve a mixture of theoretical and mathematical questions. These will generally require short answers, and will also involve examining the validity of statements, doing numerical calculations, and also providing a structure for answers to essaytype questions. Indicative study hours: 200 How the module will be assessed The class test in week 7 of the Autumn semester is designed to test students on their understanding of spot currency markets, exchange rate risk, the various ways through which this affects the pricing of foreign exchange derivative contracts (forward and futures); and the latter s use for applications such as hedging, arbitrage and speculation. There are 4 questions in total; 2 questions in Section A and 2 questions in Section B. Students are asked to answer both questions from Section A and 1 question from Section B. Section A, which comprises of computational questions, counts for 60 per cent of the examination mark. Section B, which includes questions involving applied and theoretical subquestions, counts for 40 per cent. Page 222 of 278 Cardiff University

Economics Programmes The class test in week 4 of the Spring semester is designed to test students on their understanding of currency option contracts, their pricing, and their use for the purposes of hedging, arbitrage and speculation. There are 3 questions in total; question 1 is compulsory; students are also asked to answer one question from questions 2 and 3. All questions carry equal marks. The examination at the end of the Spring semester is designed to test students on their understanding of spot currency markets and currency derivates (futures, forward and option contracts) taught in the Autumn Semester; and the theories of international macroeconomics, exchange rate determination and market efficiency taught during the Spring Semester. There are 7 questions in total; 3 questions in Section A and 4 questions in Section B. Section A includes questions from the material taught in the Autumn Semester; section B includes questions from the material taught in the Spring Semester. Students are asked to answer 2 question from Section A and 3 questions from Section B. Each question carries equal marks. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 International Finance 3 Class Test 15 Class Test Autumn N/A 7 Class Test 15 Class Test Spring N/A 4 Syllabus content Autumn Semester Spot exchange markets, arbitrage and least cost dealing; forward contracts in perfect markets and imperfect markets; currency futures contracts; introduction to currency options; pricing currency options using the binomial and log-normal model. Spring Semester Exchange rate parity conditions (Uncovered Interest Parity and Purchasing Power Parity); Fundamentals -based models of the exchange rate and the current account (Mundell-Fleming, the flexible price monetary model, the sticky-price monetary model and the portfolio balance model); Foreign exchange market efficiency. Indicative Reading and Resource List Autumn Semester Sercu, P. (2009), International Finance: Theory into Practice, Princeton University Press N/A 2013 Cardiff Business School Page 223 of 278

Undergraduate Programme Handbook Spring Semester Copeland L.S. (2008), Exchange Rates and International Finance, fifth edition, Addison-Wesley. Krugman P.R., Obstfeld M. And Melitz, M. (2011), International Economics: Theory and Policy, ninth edition, Pearson Education. Page 224 of 278 Cardiff University

Economics Programmes BS3556 - International Economic History School Cardiff Business School Department Code CARBS0 Module Code BS3556 Number of Credits 20 Level L6 Module Leader Mr Kevin Stagg Semester Double Semester Academic Year 2013/4 Outline Description of Module The role of this optional module is to provide students with the historical background to their studies on other economics courses and to prepare them for post-graduate study in the discipline. The aim of the module is to analyse the historical development of the global economy from the nineteenth-century to the late twentieth century, utilising case studies from such countries as China, India, USA, Brazil and Russia. On completion of the module a student should be able to A Knowledge and Understanding: demonstrate a command of the main methodological tools used in the study of economic history make use of the main secondary sources of historical data employed in the subject demonstrate an overall knowledge and understanding of recent international economic history undertake post-graduate study in economic history B Intellectual Skills: synthesise and evaluate secondary data. solve problems in the historical context. exercise powers of inquiry, logic, critical analysis, interpretation and evaluation of arguments and evidence. sustain a critical argument in writing. C Discipline Specific Skills: apply theoretical concepts to explain the development of the modern global economy 2013 Cardiff Business School Page 225 of 278

Undergraduate Programme Handbook D Transferable Skills: to be able to seek out from libraries, databases or the Internet data of a statistical or documentary nature relevant to a particular topic of study. to organise and formulate arguments based on this statistical and documentary data in answer to specific questions. to make oral answers to specific questions and handle questioning from members of the group. write assignments in a structured and well argued fashion. How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be approximately 33 hours of lectures and 9 hours of classes. Students are provided with relevant data and other handouts (maps, glossaries, timelines, etc) and are encouraged to take notes during the lecture, and to ask questions while the lecture is in progress. Lecture summaries and powerpoint slides are posted on the internet Learning Central database to download. For each class, students are provided with reading material and a series of questions on a particular topic to which answers will be prepared in advance for discussion. Indicative study hours: 200 How the module will be assessed Formal Assessment: The three assignments each count for 10% of the final mark. The assignments will require a thorough understanding of the topic derived from secondary reading. At this level the students are expected to include in their reading, recent research published in the leading journals. Summer Examination: The examination paper consists of one compulsory section (A) of 25 short answer questions, and a series of 12 questions divided into three sections (Sections B, C, D), with four questions in each section. The exam is three hours long and is designed to test student s understanding of underlying concepts, factual knowledge of the subject and the ability to order their thoughts, answer questions directly and relevantly and demonstrate their skill at written presentation. Informal Assessment: Informal assessment is provided through the class programme. Classes consist of a wide variety of questions/problems, based on lecture material but requiring further reading. The class questions are designed to get students to order their material and their own thoughts in order to answer specific questions in a focused and relevant manner. Page 226 of 278 Cardiff University

Economics Programmes Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 International Economic History 3 N/A Written Assessment 10 Essay 1 N/A 12 Written Assessment 10 Essay 2 N/A 8 Written Assessment 10 Essay 3 N/A 11 Syllabus content The module sets out to describe and explain the economic development of the world economy since the nineteenth-century up to the contemporary period, focusing on developments in Asia, in Europe and Russia, and in America, noting distinctions between early and late developing industrial economies. For Asia, topics will include the Great Divergence, along with analysis of developments in India, China, Japan and the four little dragons (Hong Kong, Singapore, South Korea, Taiwan). A second topic area concerns Imperialism which will be considered from both a European and Japanese perspective. For Russia and the USSR, debates surrounding its economic backwardness and failure will be considered, whilst for America, there will be a focus on slavery, railways and the Great Slump in the USA, along with the economic development of Brazil and Latin America. Indicative Reading and Resource List Robert C. Allen, Farm to Factory (Princeton, 2003) Barry Eichengreen. Globalizing Capital. A History of the International Monetary System (Princeton 1996) Niall Ferguson, Civilization (Allen Lane, 2011) Ronald Findlay & Kevin H O Rourke, Power and Plenty. Trade, War, and the World Economy in the Second Millennium (Princeton, 2007) Andre Gunder Frank, ReOrient: Global Economy in an Asian Age, (Berkeley: University of California Press) Penelope Francks, Japanese Economic Development: Theory and Practice (Routledge, 1992) J. Hughes, American Economic History (Scott, Foreman, 1994). A.G. Kenwood & A.L. Lougheed, The Growth of the International Economy 1820-1990 (Routledge, 1992) Angus Maddison, Contours of the World Economy, 1-2030 (OUP, 2007) Ian Morris, Why the West Rules for Now: The Patterns of History and what they reveal about the Future, (London: Profile Books, 2010). Prasanann Parthasarathi, Why Europe grew rich and Asia did not. Global economic divergence 1600-1850 (CUP, 2011) Kenneth Pomeranz, The Great Divergence. China, Europe and the Making of the Modern World Economy (Princeton, 2000) Ezra F Vogel, The Spread of Industrialization in East Asia (Harvard, 1991) 2013 Cardiff Business School Page 227 of 278

BS3558 - Labour Economics Undergraduate Programme Handbook School Cardiff Business School Department Code CARBS0 Module Code BS3558 Number of Credits 20 Level L6 Module Leader To be confirmed Semester Double Semester Academic Year 2013/4 Outline Description of Module The Labour Economics module provides students with the opportunity to build on the theoretical analysis and the quantitative techniques introduced in the Year 2 modules by applying what they have learnt to examining the workings of the UK labour market. Specifically, its role is to develop intermediate microeconomic and macroeconomic analysis to investigate the nature, causes and implications of unemployment and wage differentials. The module introduces the results of empirical work in order to evaluate both economists explanations of labour market behaviour and alternative policy options for improving performance. The Labour Economics module aims to provide students with a sound understanding of the method, content and scope of Labour Economics, a basic knowledge of the workings of the UK Labour Market, and an appreciation of current problems and policies. On completion of the module a student should be able to A Knowledge and Understanding: identify the main structural changes taking place in the UK Labour Market, and to outline the trends in the central Labour Market outcomes recognise the contribution of economic theory to Labour Market analysis, and to relate the models they encounter to observed outcomes access the main forms and sources of data on the Labour Market, and to apply UK data to topics they have covered outline the main sources of Labour Market distortions and failures, and to demonstrate their importance B Intellectual Skills: report and explain the main findings of Labour Economics empirical research on topics they have covered understand the role of empirical evidence in Labour Economics in elucidating specific debates Page 228 of 278 Cardiff University

Economics Programmes grasp the distinction between alternative explanations of Labour Markets outcomes, but be able to bring together their insights to improve understanding appreciate the main policy initiatives to improve Labour Market performance, and to evaluate the options C Discipline Specific Skills: apply basic labour economics concepts and ideas to a range of labour market issues use theoretical analysis to identify the key issues raised by problematic market outcomes work out how best to rigorously investigate specific aspects of labour market behaviour D Transferable Skills: listen to and read effectively economic literature, from journal articles to newspaper commentaries write coherently on major economic issues introduce statistical results into economic discussions work independently on economic problems, managing their time and resources efficiently operate in small groups, sharing ideas and reaching collective views develop logical arguments and make sensible decision as to their value deliver lucid presentations on economic research and current policy How the module will be delivered Teaching takes place in the Autumn and Spring semesters. There are approximately 34 hours of lectures and 12 hours of classes covering 8 core topics. Staff have produced a series of background papers which cover the theoretical and technical material relating to some of the topics covered. Students are advised to work on these first and foremost. Thereafter students are encouraged to move on to journal articles and in particular to articles from the empirical literature. Lectures are used to identify the structure of each topic, cover the more difficult technical material and introduce relevant interesting extensions and applications. The classes are a combination of workshops and seminars. In the workshops students work in small groups on set problems related to the lecture theoretical material. The students have the opportunity to get to know one another and to develop their group/communication skills. The seminars cover the empirical work associated with each topic. Students prepare and deliver oral presentations with overheads and handouts of their (individual and group) work on set readings from the empirical literature. They thus have the opportunity to develop their presentation/communication skills as well as their understanding of the applied elements of labour economics. Indicative study hours: 200 2013 Cardiff Business School Page 229 of 278

How the module will be assessed Undergraduate Programme Handbook In terms of informal assessment, working with small groups within the workshops and seminars, enables staff the opportunity to gauge the abilities, work and character of each student on the module. The module encourages a variety of discipline specific and core skills. Much of the work on the module is student driven, so students have ample opportunity to demonstrate their skills. The assignments require the integration and assessment of economic theory and empirical material. The examination paper requires the student to solve problems using the theoretical and technical material they have met. This allows students to demonstrate their intellectual skills in synthesis. The questions require the application of labour economics to specific aspects of unemployment and wage differentials. This encourages/allows students to demonstrate their intellectual skills in evaluation. Together the informal and formal assessment activities allow staff to identify whether the module s learning outcomes are being realised. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Labour Economics 3 N/A Written Assessment 15 Assignment Autumn N/A 12 Written Assessment 15 Assignment Spring N/A 11 Syllabus content The Labour Market and Trade Unions; modelling & estimating the union mark up and the effects of unions on productivity, profits etc. The Labour Market and Structural Change: mismatch, structural change and labour market flexibility. The Internal Labour Market; productivity and efficiency wages, structured internal labour markets. Labour Market Dynamics; flows, duration, hysterisis, long term unemployment, & Insider/Outsider analysis. The Distribution of Earnings; compensating wage differentials, Human Capital theory. Explaining Male/Female Earnings Differentials; discrimination, segmentation and the UK wage differential. Personnel Economics; Human Resource Management, high performance work systems, performance related pay as an incentive system. Indicative Reading and Resource List D Bosworth et al The Economics of the Labour Market Longman, Essex S Polachek & W S Siebert The Economics of Earnings Cambridge University Press Page 230 of 278 Cardiff University

Economics Programmes BS3561 - Modern Business Enterprise School Cardiff Business School Department Code CARBS0 Module Code BS3561 Number of Credits 20 Level L6 Module Leader Professor Maxim Munday Semester Double Semester Academic Year 2013/4 Outline Description of Module The Modern Business Enterprise module aims to: 1. provide students with a sound understanding of modern economic approaches to corporate organisation and behaviour. 2. build upon the year 2 modules in Microeconomics and Industrial Economics and explore modern explanations of firm behaviour. 3. introduce students to the information and decision problems facing modern business enterprise, and to examine possible solutions. 4. familiarise students with various elements of corporate economic strategy particularly relating to mergers, vertical integration, joint ventures, franchising, and internationalisation and the role of these elements in meeting business objectives. 5. give students an understanding of theoretical and practical perspectives on both the process of business growth and the constraints on growth. 6. encourage through teaching and learning student transferable skills in areas such as data collection, analysis and reporting On completion of the module a student should be able to A Knowledge and Understanding: be aware of the economic theory appertaining to the nature and behaviour of stakeholders within modern business enterprise, and be able to analyse and describe the information asymmetries occurring between conflicting groups. be familiar with different forms of corporate organisation, and be able to describe how different organisational structures come into being and evolve. be able to demonstrate how different information and decision problems in a modern firm affect corporate structures. recognise the potential and limits of economic principles as an aid to understanding the behaviour of modern business enterprise. B Intellectual Skills: be able to apply logical analysis to business economic problems. 2013 Cardiff Business School Page 231 of 278

Undergraduate Programme Handbook be able to evaluate strategic economic issues facing modern business enterprise. C Discipline Specific Skills: be familiar and competent to research statistical, textual, and internet sources relating to modern industries and their development through time. be able to analyse the economic basis of corporate economic strategy as it relates to areas such as internationalisation, restructuring, rationalisation, and general business growth. D Transferable Skills: be read extensively, and be able to collect, organise and analyse data. be familiar with key IT resources for research purposes and to inform classes and assignment work. be confident in developing individual ideas, setting personal course goals and schedules. How the module will be delivered Teaching occurs in the Autumn and Spring semesters. There are approximately 34 hours of lectures and 10 hours of classes. Lectures are designed to give students an outline of the core module material. Students are encouraged to read around the module topics through a series of key readings from texts and journal articles. Classes will focus upon set problems allied to the core lecture material. In each class delegated students prepare answers to problems, and deliver an oral presentation, with slide support if necessary. Students then answer questions on their topic/problem. Indicative study hours: 200 How the module will be assessed Successful completion of the continuous assessed work requires students to write up answers to essay questions which are based on lectures and class material. Students will demonstrate understanding of the theoretical foundations of the course, and they must demonstrate that they have researched the topics extensively. A list of core readings appertaining to assignments is provided to students at the start of the module. However, students are also encouraged to find their own literature sources and develop them, hence developing transferable research skills. The essay questions require students to focus and organise their material in a concise piece of work (less than 1500 words). The examination component is a single section, with ten questions. The examination has essay questions that cover the whole of the course material. Students choose four questions. The exam is designed to test knowledge acquired by students over both the semesters. Page 232 of 278 Cardiff University

Economics Programmes Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Modern Business Enterprise 3 N/A Written Assessment 15 Essay Autumn N/A 12 Written Assessment 15 Essay Spring N/A 9 Syllabus content The Modern Business Enterprise module examines modern economic approaches to corporate organisation and behaviour. The Nature of Modern Business Enterprise and Key Perspectives Modern approaches to business organisations in the context of problems with neoclassical assumptions. Alternative business objectives and managerial theories of the firm. Neoclassical model and theories of economic organisation, factors contributing to market failure, transactions costs analysis and alternatives, the price mechanism and coordination within the firm and the market, bounded rationality and private information. Moral hazard problems, controlling these problems in firms and markets, incentive contracts, and organisational design. The control of managerial discretion and the market for corporate control. The Structure of Modern Business Enterprise The boundaries and structure of modern business enterprise; information problems and links to internal structures, U form. M form and hybrid structures, advantages and disadvantages of different forms. Modern Business Enterprise Structures and Cases Multinational enterprise theoretical perspectives on international firms focusing on transactions costs, product cycle and product portfolio approaches. Franchising, growth and theoretical perspectives, factors in success and failure of franchising agreements. Profit sharing firms, worker owned firms and management buyouts. Mergers, takeovers and firm boundaries, competing hypotheses and the market for corporate control, corporate governance systems. 2013 Cardiff Business School Page 233 of 278

Undergraduate Programme Handbook Evolutionary Approaches to Modern Business Enterprise Darwinian and Lamarkian perspectives, organisational ecology, evolutionary theory of economic change. Social networks and economic performance. The Role of the Entrepreneur Contrasting perspectives following the classical tradition. Small firms, enterprise, and policy. Indicative Reading and Resource List Milgrom P and Roberts J, (1992) Economics, Organisation and Management, Prentice-Hall Intl. Douma S and Schreuder H, (1998) Economic Approaches to Organisations, 2 nd Ed, Prentice Hall. Ricketts, M. The Economics Of Business Enterprise 2 nd Edition. Harvester Wheatsheaf. McGuigan, Moyer and Harris. Managerial Economics 9 th edition, South Western Storey D (1992), Understanding the Small Business Sector. Dunning, J. (1993), Multinational Enterprises and the Global Economy. Addison Wesley Page 234 of 278 Cardiff University

Economics Programmes BS3565 - Macroeconomic Analysis School Cardiff Business School Department Code CARBS0 Module Code BS3565 Number of Credits 20 Level L6 Module Leader Professor Patrick Minford Semester Double Semester Academic Year 2013/4 Outline Description of Module The Macroeconomic Theory module aims to: provide students with a thorough understanding of the method, content and scope of macroeconomic analysis. stimulate students to appreciate the value of economic analysis in understanding the behaviour of the economy. give students a firm foundation of knowledge about the policy issues facing the UK and other governments in respect of monetary and fiscal affairs. encourage, through the study, teaching and learning of the module, a range of transferable subject-specific and core skills that will be of value to students in future education and in their subsequent careers. progress students intellectual development, through teaching and learning, beyond comprehension and application to analysis. On completion of the module a student should be able to A Knowledge and Understanding: understand models of the economy and the theoretical and empirical work that has led to their evolution. be familiar with the policy debates about monetary and fiscal stabilisation - ineffectiveness, time-inconsistency, and the Lucas Critique. B Intellectual Skills: be aware of the various macroeconomic theories that have been held by economists. C Discipline Specific Skills: be able to solve models and carry out simulation of shocks on them, using algebra and diagrams. understand how to integrate macroeconomic theories into the open economy and solve a basic open economy macro model. 2013 Cardiff Business School Page 235 of 278

Undergraduate Programme Handbook D Transferable Skills: be able to solve models and carry out simulation of shocks on them, using algebra and diagrams. be familiar with the policy debates about monetary and fiscal stabilisation. How the module will be delivered This is a double module consisting of 2 hours of lectures per week (20 hours per semester) and 5 tutorials per semester on alternate weeks. Total contact time 50 hours. Approximate study requirement estimated at 10 hours per week for an average student. This course requires mastery of diagrammatic and algebraic analysis of macroeconomic models of the economy in a simplified form. For this reason the students must spend a great deal of time practising these techniques both before and in class. During lectures they have to assimilate the methods as well as absorbing general information about the subject. In the second semester students will also be expected to read around the subject and become well informed on contemporary policy issues relevant to the course. Indicative study hours: 200 How the module will be assessed The 2-hour exam is designed to test the ability to solve models covered in the first semester. The final examination (3 hours, 4 questions) will be in two sections: section A will cover topics covered in semester 1, section B topics covered in semester 2. Students will be required to answer two questions from each section. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 30 Macroeconomic Analysis 2 Examination - Spring Semester 70 Macroeconomic Analysis 3 Syllabus content In the first semester the course explores the microeconomic foundations of macroeconomics with a focus on elementary business cycle and growth theory. It starts with an overview of consumption theory and the main economics margins along which we will model behaviour. Then it develops the labour-leisure margin, the intertemporal substitution margin, and puts the two together in the standard dynamic model. Policy applications are developed along the way. In the second semester, the course will examine empirical and theoretical models of monetary and fiscal policy with a particular emphasis on new Keynesian models. It will explore the theoretical and empirical analysis of nominal rigidities, involuntary unemployment, fiscal policy issues (debt and sustainability, Ricardian equivalence, the operation of N/A N/A Page 236 of 278 Cardiff University

Economics Programmes the Euro and resultant problems), and the application of time-consistency to monetary policy in theory and practice. Indicative Reading and Resource List In the first semester, the course will cover only chapters from M. Gillman, Advanced Modern Macroeconomics, 2011. In the second semester, the course reading will include chapters from H. Dixon, Surfing economics and a variety of journal articles. 2013 Cardiff Business School Page 237 of 278

Undergraduate Programme Handbook BS3566 - Microeconomic Analysis School Cardiff Business School Department Code CARBS0 Module Code BS3566 Number of Credits 20 Level L6 Module Leader Professor David Collie Semester Double Semester Academic Year 2013/4 Outline Description of Module The Microeconomic Analysis module aims to: Provide students with an up-to-date understanding of microeconomic analysis at a third year undergraduate level Make students aware of the use of microeconomic analysis in understanding the behaviour of consumers and producers, and the operation of the economy as a whole Make students aware of more recent microeconomic theory in particular in the areas of game theory and uncertainty Give students a firm understanding of issues in dealing with microeconomic policy analysis Enable students to obtain subject specific and core skills which will be of use in further education and their future careers On completion of the module a student should be able to A Knowledge and Understanding: be aware of advanced undergraduate microeconomic theory in relation to producers and consumers, duality, general equilibrium, game theory, asymmetric information and uncertainty be aware of the use of economic analysis to solve economic problems arising in the micro economy be aware of the techniques that economists use to solve microeconomic problems have covered sufficient micro theory to proceed to an MSc. course in Economics should they wish to do so B Intellectual Skills: be able to apply logical analysis to the treatment of microeconomic issues be able to read and understand key articles in journals in the microeconomics area Page 238 of 278 Cardiff University

Economics Programmes C Discipline Specific Skills: be able to understand and analyse some of the key issues in the micro literature be able to use analytical techniques including mathematical and diagrammatic analysis to solve specific microeconomic problems D Transferable Skills: be able to read extensively and to write and present short reports be able to indicate to non-economists what economic thinking would suggest in dealing with real economic problems How the module will be delivered Teaching takes place in the Autumn and Spring Semester. There are approximately 36 hours of lectures and 16 hours of classes (although extra classes may be put on to deal with more technical aspects of the course). Indicative study hours: 200 How the module will be assessed The two hour exam (30% of the course mark) is designed to test students ability in dealing with microeconomic problems and covers the first part of the course (see below). Students will be asked to answer a number of questions of a problem-solving type nature in this exam. The three hour exam (70% of the course mark) is then focused on the second and third parts of the course. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 70 Microeconomic Analysis 3 Examination - Autumn Semester 30 Microeconomic Analysis 2 Syllabus content The syllabus is divided into three parts. The first develops students understanding of analysis and includes the following topics: consumer theory and producer theory using duality, partial equilibrium, general equilibrium and welfare economics. The second part covers developments in game theory and includes treatment of static and dynamic games, games of complete and incomplete information, and provides appropriate solution concepts: Nash equilibrium, Bayesian Nash equilibrium and subgame perfect Nash equilibrium. The third part covers the economics of uncertainty and information. It will cover expected utility theory, moral hazard and adverse selection, focusing on equilibria in signalling, screening and principal agent models. N/A N/A 2013 Cardiff Business School Page 239 of 278

Undergraduate Programme Handbook Indicative Reading and Resource List Gravelle, H. and R. Rees, Microeconomics, Pearson Education, 2004. Jehle, G. A. and P. J. Reny, Advanced Microeconomic Theory, Pearson Education, 2011. Osborne, M. J., An Introduction to Game Theory, Oxford University Press, 2004. Macho-Stadler, I. and D. Perez-Castrillo, A Introduction to the Economics of Information, Oxford University Press, 2001. Watson, J., Strategy: An Introduction to Game Theory, Norton, 2002 (2008, 2 nd edition). Page 240 of 278 Cardiff University

BS3568 - International Trade Economics Programmes School Cardiff Business School Department Code CARBS0 Module Code BS3568 Number of Credits 20 Level L6 Module Leader Professor David Collie Semester Double Semester Academic Year 2013/4 Outline Description of Module The International Trade module aims to provide students with a sound understanding of the method, content and scope of International Trade, a basic knowledge of the world trading system, and an appreciation of current trade policy issues. On completion of the module a student should be able to A Knowledge and Understanding: understand the pattern of world trade, and the institutions and rules of the world trading system understand the main models of international trade and how they can be applied to the analysis of trade policy understand and know about current trade policy issues understand the implications of empirical tests of international trade models B Intellectual Skills: apply general equilibrium analysis from microeconomics to the analysis of international trade problems use models of imperfect competition and basic game theory to analyse international trade compare different models of international trade and assess their validity in terms of coherence of the theory and the empirical evidence C Discipline Specific Skills: derive the key results of the main international trade models and use them to analyse trade policy issues analyse and assess the positive and normative implications of trade policy assess the arguments about free trade and protectionism D Transferable Skills: listen to and read the economic literature, from journal articles to newspaper commentaries 2013 Cardiff Business School Page 241 of 278

Undergraduate Programme Handbook write coherently on major economic issues work independently on economic problems, managing their time and resources efficiently operate in small groups, sharing ideas and reaching collective views develop logical arguments and make sensible decision as to their value deliver lucid presentations on economic research and current policy How the module will be delivered Teaching will consist of 36 hours of lectures and 9 hours of tutorials. Lectures are used to identify the main issues and to present the analytical models of international trade and trade policy. Tutorials are used for students to apply the models to the solution of analytical problems in international trade, and to discuss policy issues and empirical research. Indicative study hours: 200 How the module will be assessed One 2 hour examination at the end of the Autumn semester (30%) and a 3 hour examination at the end of the Spring semester (70%) Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 30 International Trade 2 Examination - Spring Semester 70 International Trade 3 Syllabus content Introduction to International Trade:overview of international trade. Conventional Trade Theories:mercantilism; absolute advantage; comparative advantage and the gains from trade; the neoclassical model, offer curves and the terms of trade; the Heckscher-Ohlin-Samuelson model (Heckscher-Ohlin, Rybczynski, Stolper- Samuelson and factor-price equalisation theorems). Imperfect Competition and International Trade: intra-industry trade; international trade under oligopoly; product differentiation, economies of scale and monopolisitic competition. Empirical testing of trade theories. Trade policy: history and principles of the GATT and the WTO. Analysis of Trade policy: tariffs, export taxes and subsidies in a small country; tariffs in a large country and the optimum tariff argument; domestic distortions and the theory of second-best; quotas and voluntary export restraints; dumping and antidumping duties. Strategic Trade Policy: rent-extracting tariffs and profit-shifting export subsidies. Economic Integration: the theory of customs unions; the Kemp- Wan proposition; trade blocs and regionalism. Growth and Trade: economic growth and the terms of trade. International Factor Movements: capital mobility and the migration of labour. Multinationals and Foreign Direct Investment: Ownership, Location and Internalization; oligopoly models of multinationals and FDI. N/A N/A Page 242 of 278 Cardiff University

Economics Programmes Indicative Reading and Resource List H.P. Bowen, A. Hollander and J-M Viaene, Applied International Trade, 2 nd Edition, Palgrave, 2012. D.R. Appleyard, A.J. Field and S.L. Cobb, International Economics, 7 th Edition, McGraw-Hill, 2009 J.R. Markusen, J.R. Melvin, W.H. Kaempfer and K.E. Maskus, International Trade: Theory and Evidence, McGraw-Hill, 1995. 2013 Cardiff Business School Page 243 of 278

Undergraduate Programme Handbook BS3570 - Applied Macroeconomics and Finance School Cardiff Business School Department Code CARBS0 Module Code BS3570 Number of Credits 20 Level L6 Module Leader Professor James Foreman-peck Semester Double Semester Academic Year 2013/4 Outline Description of Module The Applied Macroeconomics and Finance module aims to: provide students with the ability to understand and predict the macroeconomic environment encourage students to employ economic analysis to evaluate macroeconomic policy develop and enhance the skills and materials obtained in the year 2 Macroeconomic Theory module. enhance, through teaching and learning, subject-specific and transferable skills, including technical, analytical and research methods. On completion of the module a student should be able to A Knowledge and Understanding: students will understand the macroeconomic behaviour of the principal world economies recognise the potential and limits of macroeconomic theory an aid to predicting macroeconomic variables. understand the roles of policymakers and the constraints upon them in determining macroeconomic outcomes. B Intellectual Skills: analytical skills: Students are expected to apply logical analysis and modelling to macroeconomic problems. evaluative skills: Students should be able to accurately identify macroeconomic problems, and to understand how policy makers might seek solutions to them. C Discipline Specific Skills: appreciate the usefulness and limitations of economic theory to predicting the macroeconomy. Page 244 of 278 Cardiff University

Economics Programmes recognise the significance of limitations and constraints on macroeconomic policy-makers D Transferable Skills: work individually, setting goals and developing ideas. problem solve using a range of quantitative methodologies develop logical and concise solutions to specific decision-type problems. respond accurately to questioning on researched topic areas collect, organise and analyse data on defined topics use a variety of information and technology resources, including electronic data sources and the internet. How the module will be delivered Teaching occurs in the Autumn and Spring semesters. There are approximately 44 hours of contact comprising 34 hours of lectures and 10 hours of classes. Lectures provide students with an outline of the course material. Students are encouraged to read around the module topics through a series of key reading from a core text, and with some supporting information from satellite texts. Classes concentrate on set numerical and essay style problems allied to the core lecture material. Students prepare answers to problems, deliver brief presentations of solutions, and participate in class discussions. Classes explore particular decision situations in more detail. Class questions typically require a mix of qualitative and qualitative solutions. Indicative study hours: 200 How the module will be assessed The two hour examination at the end of the Autumn semester will examine students understanding of key concepts and theories relating to semester one topics. The examination at the end of the Spring Semester is based on material covered in both Semesters. This examination requires students to answer both essay questions and multi-part quantitative questions. Students will demonstrate that they understand the theoretical foundations of the course, provide critiques of ideas and methodologies where necessary, and be able to apply logical, scientific approaches to decision-making in a range of decision situations. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester Examination - Spring Semester 20 80 Applied Macroeconomics And Finance Applied Macroeconomics And Finance 2 N/A 3 N/A 2013 Cardiff Business School Page 245 of 278

Undergraduate Programme Handbook Syllabus content The real macroeconomy: economic growth, labour markets and unemployment, private sector demand, the real exchange rate The supply and demand for money: monetary policy Inflation and business cycles: aggregate demand and supply Macroeconomic policy: fiscal policy and debt, demand management, supply-side policy, growth policy, forecasting models Asset Markets: market efficiency, concepts and testing, derivatives and risk Indicative Reading and Resource List O Blanchard, Macroeconomics 3 rd ed (Prentice Hall 2003) M Burda and C Wyplosz, Macroeconomics: A European Text, 5 th edition (OUP 2009) W Carlin and D Sockice, Macroeconomics: Imperfections, Institutions and Policies (OUP 2006) D Miles and A Scott, Macroeconomics: Understanding the Wealth of Nations, 2 nd Edition (Wiley 2005) PR Krugman, The Return of Depression Economics and the Crisis of 2008 (Penguin 2008) Page 246 of 278 Cardiff University

Economics Programmes BS3571 - Economics of Banking School Cardiff Business School Department Code CARBS0 Module Code BS3571 Number of Credits 20 Level L6 Module Leader Professor Kent Matthews Semester Double Semester Academic Year 2013/4 Outline Description of Module This is a core module, which focuses on the role of banks and financial intermediaries in the economy. The aim of the module is to provide students with the economic, institutional and legal framework to understand the role and practice of financial intermediation in the global economy. On completion of the module a student should be able to A Knowledge and Understanding: describe the process of liquidity creation and be aware of the major changes and trends in the UK and international banking sector in particular the implications of securitisation describe the main risks relating to banking and be familiar with the main techniques of risk management describe and interpret the UK and European regulatory framework relating to the banking system B Intellectual Skills: evaluate the functions, performance and behaviour of banks and other financial intermediaries using basic microeconomic theory use abstract reasoning with the aid of models to explain trends in banking analyse implications of legislation for the workings of the banking system C Discipline Specific Skills: analyse the workings of banks and other financial intermediaries and be conversant with the basic functions and structures of retail, wholesale and international banking identify and differentiate between the various theories of the banking firm and theories of credit rationing and to interpret the trends in banking in relation to these theories 2013 Cardiff Business School Page 247 of 278

Undergraduate Programme Handbook manipulate data and make simple calculations relating to Value-at-Risk and to interpret the results D Transferable Skills: communication of argument and analysis by written and oral means development of numerical and problem solving skills development of team working and presentational skills How the module will be delivered There will be approximately 36 hours of lectures and 8 hours of classes. Students will be required to prepare and present class exercises during the year. Within the class each student is assigned to a study group. Each student is assigned a specific exercise for the following class. In the case of absence, another member of the study group is expected to present the exercise. The exercises are designed to test the student s comprehension of the lecture material and background reading by addressing both analytical and descriptive components of the course. Each study group is given a project that involves a 10-15000-word report and group and individual presentations at the end of the second semester. The project aims to develop written, oral and presentational skills within a team framework. The group project addresses a contemporary issue in international banking (e.g. securitisation). The report will describe the mechanism and current trends, apply economic reasoning to explain the trends, provide an assessment of future developments, and discuss the wider implications. The subject matter is covered in the lectures and references are provided but given the topical nature of the subject students are expected to supplement the readings with material from their own research. The research and writing of the project give students practice in developing their skills in literature search including non-standard sources such as WWW, selecting relevant information, writing a report to a professional standard, organising data and working within a team framework. Indicative study hours: 200 How the module will be assessed The joint written project counts for 15%. Individual presentation and individual written contribution counts for 7.5% each. The formal exam counts for 60%. The exam contains two sections and students are given 3 hours to complete the paper. The first section contains short answer questions testing knowledge and comprehension. Students have to attempt four questions from the first section. The second section requires students to answer 2 essay type questions from a choice of 8. This part of the assessment tests the student s knowledge and analytical skills. Page 248 of 278 Cardiff University

Economics Programmes Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester Written Assessment Syllabus content 60 Economics Of Banking 3 N/A 40 Group Project And Presentation N/A 10 Financial Intermediation and the Financial System, Banking Structures of Industrialised countries, Retail, Wholesale and International Banking, Models of the Banking Firm, Theories of Credit Rationing, Euromarkets and Eurocurrency banking, Securitisation, Theory of Regulation, Deregulation and Free Banking, Bank Efficiency and Structure Conduct Performance, Regulation of Banks, Risk Management in Banking, Economics of Central Banking. Indicative Reading and Resource List Matthews, K & Thompson, J The Economics of Banking, July 2005, John Wiley & Sons 2013 Cardiff Business School Page 249 of 278

Undergraduate Programme Handbook BS3572 - Industrial Economics School Cardiff Business School Department Code CARBS0 Module Code BS3572 Number of Credits 20 Level L6 Module Leader Dr Helmuts Azacis Semester Double Semester Academic Year 2013/4 Outline Description of Module Provide students with an up-to-date understanding of industrial economics, including the areas of industrial organisation and regulation, at a third year undergraduate level. Make students aware of the relevant theory in these areas. Make students aware of empirical work that has been undertaken in some areas relating to the operation and performance of UK markets. Make students aware of key policy issues and the way in which economic analysis can be used to approach these issues. Provide students with subject specific and core skills which will be of use in further education and their future careers. On completion of the module a student should be able to A Knowledge and Understanding: understand modern issues in the theory of industrial organisation understand recent UK Competition Policy and natural monopoly regulation understand the role of empirical research in testing economic theory and in assessing economic policy B Intellectual Skills: recognise the importance of economic theory to the analysis of the industrial economy and be able to apply theory to applied economic problems. appreciate the main causes of market failure and distortion in the context of industry, and be able to indicate their welfare consequences analyse economic policy in this area and identify the merits of individual policy measures Page 250 of 278 Cardiff University

Economics Programmes C Discipline Specific Skills: employ deductive reasoning to analyse economic problems analyse data and interpret statistical information understand and evaluate the role of incentives and strategic thinking in determining firm and government behaviour and therefore market outcomes and policy D Transferable Skills: work individually and independently on lecture and tutorial material develop reading skills in specific subject areas How the module will be delivered Teaching takes place in the Autumn and Spring semesters. There are approximately 36 hours of lectures and 8 hours of classes. The purpose of lectures is to set out the main points of each topic covered and indicate a structure for learning. They identify the key features of the topics covered and focus particularly on material new to students, and on the technically more difficult elements. They aim to improve student learning by identifying the principal theoretical and empirical aspects on each topic, and by providing guidance on reading. Lecture handouts provide the students with mathematical material, statistical data and diagrams. Classes provide students with an opportunity to discuss module material. Theoretical ideas introduced in the lecture are identified and therefore consolidated with the help of numerical and essay style problems. Statistical data, diagrams and quantitative material may also be reviewed. The reading material and associated tasks introduce empirical material and policy debates. Students are provided with text references and handouts but are required to supplement these by consulting articles available in the library. Indicative study hours: 200 How the module will be assessed The summer examination is divided into three sections: Section A covers the first half (first semester) of the module and Sections B and C the second. The questions take a variety of forms enabling the student to demonstrate their knowledge and skills across theoretical, quantitative, diagrammatic, empirical and policy material. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 30 Industrial Economics 2 Examination - Spring Semester 70 Industrial Economics 3 N/A N/A 2013 Cardiff Business School Page 251 of 278

Undergraduate Programme Handbook Syllabus content Monopoly: non-linear pricing and price discrimination, product quality; Oligopoly pricing: static and dynamic models of oligopoly, product differentiation, measuring market power; Strategic behavior: entry deterrence, advertising, research and development; Issues in antitrust economics: exclusionary strategies, vertical integration and vertical restraints, horizontal mergers; Issues in regulatory economics: optimal pricing for natural monopoly. Indicative Reading and Resource List L. Cabral, Introduction to Industrial Organization, MIT Press, 2000. D. Carlton and J. Perloff, Modern Industrial Organization, Pearson Addison Wesley, 2005. J. Church and R. Ware, Industrial Organization: A Strategic Approach, McGraw-Hill, 2000. M. Motta, Competition Policy: Theory and Practise, Cambridge University Press, 2004. L. Pepall, D. Richards, and G. Norman, Industrial Organization: Contemporary Theory and Empirical Applications, 4th ed., Blackwell Publishing, 2008. Page 252 of 278 Cardiff University

Economics Programmes BS3573 - The Economics of Development School Cardiff Business School Department Code CARBS0 Module Code BS3573 Number of Credits 20 Level L6 Module Leader Professor Calvin Jones Semester Double Semester Academic Year 2013/4 Outline Description of Module Economic Development is offered as an optional module for final year students across a range of single and joint honours degree programmes involving Economics. It is intended to provide students with an understanding of why some countries are poor and some rich. The module will present traditional and new growth theories of economic development, illustrating their value in application to specific countries and time periods. The influence of key micro-economic factors including human capital development and the functioning of markets (e.g. for land and credit) will be covered, as will wider within-country socio-cultural influences such as poverty and corruption. The module will consider the influence of the international context (in terms of development aid) and of trade and capital flows. The module will fully explore key current development issues in emerging and developed economies, including the implications of climate change, scarce water access and resource depletion. It will also issues inherent in managing post-industrial economies. On completion of the module a student should be able to A Knowledge and Understanding: Understand how economists have traditionally thought about development and growth, and how this relates to wider micro- and macro-economic foundations Asses the usefulness of economic theories in determining which factors might have the greatest bearing on the mode and speed of economic development, in countries and overall Determine how far international and national policies intended to increase levels of development actually address key barriers, constraints and structural issues Evaluate whether the changing nature of cross-border flows of capital, technology and innovation has implications for the development of emerging economies Evaluate how far traditional micro-economic approaches can be amended to include consideration of ecological-environmental limits to growth 2013 Cardiff Business School Page 253 of 278

Undergraduate Programme Handbook B Intellectual Skills: apply micro-economic concepts and approaches such as rationality and marginal returns to problems of development. recognise the relevance of both market function and wider social structures to the efficiency of applied capital and labour resource critically asses the impact of political-economic factors on the nature of development contextualise economic debates and discussion within wider social and ecological debates understand how economic growth links to levels of social welfare at different points of the development path, and draw implications for the development of appropriate economic policy C Discipline Specific Skills: be able to argue for or against the relevance of an economic approach to addressing persistent problems of under-development and sub-optimal development map national development and growth policies against relevant economic theory to understand how they do or do not fit consider the appropriateness of externally imposed or suggested policies stemming from neo-classical and neo-liberal economic paradigms to the development problem in case countries recognise the boundaries of relevant economic theory in addressing both the path and end-game of economic development and growth, and consider how far economics can be extended to accommodate non-economic influences D Transferable Skills: work individually towards a substantive piece of original research argue coherently and consistently for a particular viewpoint or solution based on available evidence develop logical and contextualised solutions to specific decision-type problems develop and reveal a holistic understanding of international political-economic institutions, structures and relevant outcomes use a variety of information and technology resources, including electronic data sources and the internet. How the module will be delivered Teaching takes place in both the autumn and spring semesters. There are approximately 32 hours of lectures, and 8 hours of discussion (per student). The module is divided into 7 blocks. Each block is accompanied by a handout which makes explicit the structure of the lectures through the provision of lecture handouts. The handout may also include data and or diagrams. For each block students are provided with a reading list identifying references which are useful for preparation for class exercises and for Page 254 of 278 Cardiff University

Economics Programmes revision. Although the module is taught in blocks, the lectures pick out and emphasise common economic themes across topics. Topics and questions for the small group discussion classes are handed out in advance, and students prepare written answers before the class. A lecturer is present to provide informal assessment and commentary on students written work, but this is not part of formative assessment. The discussion groups are intended to incentivise students to keep up with reading, and to pressure test their ideas and understanding ahead of formal, assessed coursework and exams. Indicative study hours: 200 How the module will be assessed Each student is invited to choose her/his own project topic from a provided list. The students are given a research question which they must then apply to their self chosen case context, country or time period. Students are expected to use the material provided in the module to inform their project, and the set list of questions will enable this. The students carry out their own research and write up their own project. This format combines wide freedom of choice on topic with a rigorous insistence on the relevance of analysis and the use of appropriate methods. During the process of carrying out the project, from idea to submission, students acquire both subject-specific and transferable skills. The emphasis in this coursework is on applying economic thought and theory to real world problems. A full marking schedule for the project linked to module learning outcomes will be provided. The Spring examination includes both essay questions and short-form answers based on a provided case study or article. The examination will cover the whole of the module content. Assessment Breakdown Type % Title Duration(hrs) Week Written Assessment 40 3000 Word Project N/A 6 Examination - Spring Semester Syllabus content Semester 1 60 The Economics Of Development Block A: Introduction - What is Under-development? Block B: Theories of Economic Development and Growth Block C: Factors of Production in Under-Developed Countries Block D: Society, Culture and Economic Development 3 N/A 2013 Cardiff Business School Page 255 of 278

Undergraduate Programme Handbook Semester 2 Block E: Trade, Capital Flows and Multinational Corporations Block F: What Next? Managing Post-Industrial Regions Block G: Limits to Growth? The Ecological and Climate Context Indicative Reading and Resource List Development Economics Anthony Clunies-Ross, David Forsyth, Mozammel Huq McGraw Hill ISBN: 0077114531 Economic Growth and Development (2 nd Edition) Hendrik Van den Berg, McGraw Hill ISBN: 9780071201971 Economics of Development Theory and Evidence 9th edition A.P. Palgrave MacMillan Thirlwall ISBN: 9780230222298 Page 256 of 278 Cardiff University

Economics Programmes BS3593 - Corporate Reporting and Finance School Cardiff Business School Department Code CARBS0 Module Code BS3593 Number of Credits 20 Level L6 Module Leader Dr Richard Baylis Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of the module is to build on students financial skill acquired at levels one and two and broaden and deepen their financial awareness and understanding. In particular, this module seeks to develop students critical understanding of practical accounting techniques and finance for decision making within the context of a sound, theoretical framework of knowledge. On completion of the module a student should be able to A. Knowledge and Understanding demonstrate a knowledge and a critical understanding of advanced financial ideas and concepts; understand and evaluate current developments within the financial accounting area. B. Intellectual Skills: search for and acquire relevant information collect and manipulate financial and other numerical data analyse, interpret and draw reasoned conclusions from a set of data C. Discipline Specific Skills: appreciate the role of accounting in the contexts of internal control and corporate reporting and governance gather, construct and interpret financial information account for groups of companies, overseas activities, the impact of inflation; liquidation and re-organisation of a company s balance sheet demonstrate a knowledge of the form and content of corporate reports and accounts analyse and appraise a company s performance and value develop an advanced understanding of investment appraisal 2013 Cardiff Business School Page 257 of 278

Undergraduate Programme Handbook D. Transferable Skills: effectively communicate ideas, principles and theories exercise initiative, self-reliance and time management skills and work independently appreciate alternative viewpoints exercise numeracy, problem-solving and IT skills access and utilise information in a variety of resources both traditional and IT How the module will be delivered Teaching will take place in the Autumn and Spring semesters. There will be 34 hours of lectures and 10 hours of supplementary seminars. The lectures will cover the theoretical concepts underpinning accounting and include their practical application. The seminars will be based around seminar questions dealing with the appreciation of knowledge acquired and its application. The lectures will be research-driven and provide students with core knowledge. The seminars will be conducted in an interactive manner to exploit the advantages of small group teaching. Detailed handouts and a structured reading list are given to students to encourage the completion of class questions, which build upon the material covered in lectures. The seminars will also be informed by student reading required in advance of the session. Indicative study hours: 200 How the module will be assessed Examination Component 70% - One 3 hour examination at the end of the Spring Semester Continuous Assessment 30% - An individual written report or similar of 2500 words to be submitted in week 1 of the Spring Semester The assessments comprise an assignment and an examination. The assignment is designed to expose students to an accounting topic where they can search for material and then apply that material to business situations. The examination will test students knowledge, understanding and analytical skills. In particular, this third-level module will aim to test the students ability to solve practical problems, and to put forward reasons, analytically, and evidence-based arguments. Page 258 of 278 Cardiff University

Economics Programmes Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester Report 30 Syllabus content 70 Corporate Reporting And Finance 3 N/A Corporate Reporting And Finance - Individual Report N/A 1 Lectures will cover the following topics: Accounting environment of UK companies. UK and International Accounting standards. Group accounting. Accounting for changing prices, foreign currency and other accounting issues. Liquidation and reorganisation of companies. Audit and Assurance. Financial statement analysis. Advanced investment appraisal. Capital structure and dividend policy. Business valuation. Indicative Reading and Resource List Elliott, B. and Elliott, J. (2011), Financial Accounting and Reporting, 14th Edition, FT Prentice Hall. Glautier, M., Underdown, B. and Deigan, M. (2011), Accounting Theory and Practice, 8th Edition, FT Prentice Hall. 2013 Cardiff Business School Page 259 of 278

Undergraduate Programme Handbook BS3615 - Security Analysis & Portfolio Management School Cardiff Business School Department Code CARBS0 Module Code BS3615 Number of Credits 10 Level L6 Module Leader Mr Roydon Roberts Semester Spring Semester Academic Year 2013/4 Outline Description of Module The Security Analysis & Portfolio Management module is designed to provide students with an understanding of the theory and practice of security analysis and portfolio management and performance measurement On completion of the module a student should be able to A Knowledge and Understanding: show a systematic knowledge of the concepts underlying investment decisions. show a systematic knowledge of, and critically evaluate, portfolio theory and the Efficient Markets Hypothesis and their implications for portfolio management and security analysis. show a systematic knowledge of a range of different types of bonds and equities and of the operations of the markets on which they are traded. show a systematic knowledge of, and critically evaluate, pricing models for bonds and equities. show a systematic knowledge of, and critically evaluate, technical analysis and fundamental analysis. show a systematic knowledge of, and critically evaluate, portfolio management strategies and performance measures for both bond and equity portfolios. B Intellectual Skills: synthesise and evaluate primary and secondary data. solve problems, including the ability to manipulate financial and other numerical data and to apply statistical concepts at an appropriate level. exercise powers of inquiry, logic, and critical analysis, interpretation and evaluation of arguments and evidence. sustain a critical argument in writing. Page 260 of 278 Cardiff University

Economics Programmes C Discipline Specific Skills: measure and evaluate the returns on, and risks of, different types of bond and equities. price bonds and equities using a range of appropriate pricing models. apply the techniques and methods of portfolio management for both bond and equity portfolios. measure the performance of investment portfolios using a range of performance measures. D Transferable Skills: communicate ideas, principles and theories effectively by oral and written means. exercise initiative, self reliance and time management skills and work independently. appreciate alternative viewpoints. exercise numeracy, problem solving and IT skills. access and utilise information in a variety of research resources both traditional (e.g. library) and IT (e.g. the Internet, databases). How the module will be delivered The formal timetabled component of the module comprises approximately sixteen lectures and six classes. The lecture programme, which is supported by detailed handouts, is used to introduce material to students, to direct them (through the use of recommended reading and web sites included in the handouts) to sources which will enable them, during the private study time they devote to the module (seventy eight hours), to increase their knowledge and understanding of that material, and to empower them to attempt the problems which are set for classes. Classes are closely integrated to the lecture programme and are designed to enable students to apply the material covered in that programme to solve problems and to discuss and evaluate those solutions. Students are supported throughout the module through private consultation with the module coordinator. Indicative study hours: 100 How the module will be assessed The examination paper is designed to enable students to demonstrate their intellectual skills of analysis, synthesis and evaluation and the extent to which they have met the module learning outcomes. Informal assessment is provided through the class problems (for which solutions are provided) which enable students to self assess the extent to which they are meeting the module learning outcomes. In addition the module coordinator is available throughout the module to answer queries and discuss progress with students. 2013 Cardiff Business School Page 261 of 278

Assessment Breakdown Undergraduate Programme Handbook Type % Title Duration(hrs) Week Examination - Spring Semester Syllabus content 100 Security Analysis & Portfolio Management 2 N/A Review of portfolio theory & capital market equilibrium. Equity analysis and equity portfolio management: types and characteristics of equities; measures of equity performance; pricing equities, equity portfolio management active and passive management strategies. Bond analysis and portfolio management: market structure; bond prices yields and returns; bond risks; bond portfolio management - active and passive strategies. Portfolio performance measurement: objectives and components of performance measurement; equity portfolio performance measures; bond portfolio performance measures; evaluation of performance measures; evidence on portfolio performance. International diversification: returns and risks of international investment; evidence on the performance of internationally diversified portfolios. Indicative Reading and Resource List Blake, Financial Markets Analysis, 2 nd Edition, Wiley, 2000 Cuthbertson & Nitzsche, Investments: Spot & Derivatives Markets, 2 nd Edition, Wiley, 2008 Haugen, Modern Investment Theory, 5 th Edition,Prentice Hall, 2001 Elton, Gruber, Brown & Goetzmann, Modern Portfolio Theory & Investment Analysis, 8 th Edition, Wiley, 2011 Bodie, Kane & Marcus,Investments, 8 th Edition, McGraw-Hill, 2009 Page 262 of 278 Cardiff University

Economics Programmes BS3701 - Language Skills For Professionals (Fren) School Cardiff Business School Department Code CARBS0 Module Code BS3701 Number of Credits 20 Level L6 Module Leader Mrs Genevieve Kinnafick Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with the necessary language employability skills, together with an understanding of employment issues in the EU context to be able to work in French speaking countries. On completion of the module a student should be able to A Knowledge and Understanding: show their ability to apply for jobs in French speaking countries by participating in simulated situations and producing written work with a near native linguistic competence, demonstrate their understanding of employment organisations in the EU context, demonstrate their ability to read and comprehend official documents by commenting intelligently on their contents, both orally and in writing, demonstrate their presentational skills in French by giving business presentations and participating. B Intellectual Skills: extract and synthesise key information from written and spoken sources, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics business related within the framework of a structured and reasoned argument, demonstrate their ability to communicate in writing by effectively applying analytical and problem solving skills, demonstrate their ability to extract and analyse detailed information from spoken sources, make effective use of language reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. 2013 Cardiff Business School Page 263 of 278

Undergraduate Programme Handbook D Transferable Skills: show an ability to work creatively and flexibly with other as part of a team, show effective use of mediating skills and qualities of empathy. How the module will be delivered There will be 48 hours of language workshops during which students will work in small groups using authentic documents published by the European Union. Indicative study hours: 200 How the module will be assessed Examination component - 50% One 2 hour written examination at the end of the Spring Semester Continuous assessment - 50% One oral presentation - 20% One 20-minute oral presentation - 15% One 30-minute aural test - 15% Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 50 Language Skills For Professionals (fren) 2 N/A Written Assessment 20 Oral N/A N/A Written Assessment 15 Oral Presentation N/A N/A Class Test 15 Aural Test N/A N/A Syllabus content Extensive use of the Internet to obtain EU documentation; documentation from French business magazines and textbooks; intensive practise of translation and interpreting skills; legal documentation on the French job market; case studies. Page 264 of 278 Cardiff University

Economics Programmes BS3711 - Language Skills For Professionals (Span) School Cardiff Business School Department Code CARBS0 Module Code BS3711 Number of Credits 20 Level L6 Module Leader Dr Luzia Dominguez Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with the necessary language employability skills, together with an understanding of employment issues in the EU context to be able to work in Spanish speaking countries. On completion of the module a student should be able to A Knowledge and Understanding: show their ability to apply for jobs in Spanish speaking countries by participating in simulated situations and producing written work with a near native linguistic competence. demonstrate their understanding of employment organisations in the EU context. demonstrate their ability to read and comprehend official documents by commenting intelligently on their contents, both orally and in writing. demonstrate their presentational skills in Spanish by giving business B Intellectual Skills: extract and synthesise key information from written and spoken sources, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics business related within the framework of a structured and reasoned argument, demonstrate their ability to communicate in writing by effectively applying analytical and problem solving skills, demonstrate their ability to extract and analyse detailed information from spoken sources, make effective use of language reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. 2013 Cardiff Business School Page 265 of 278

Undergraduate Programme Handbook D Transferable Skills: show an ability to work creatively and flexibly with other as part of a team, show effective use of mediating skills and qualities of empathy. How the module will be delivered There will be 48 hours of language workshops during which students will work in small groups using authentic documents published by the European Union. Indicative study hours: 200 Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 50 Language Skills For Professionals (span) 2 N/A Written Assessment 20 Oral N/A N/A Written Assessment 15 Oral Presentation N/A N/A Class Test 15 Aural Test N/A N/A Syllabus content Extensive use of the Internet to obtain EU documentation; documentation from Spanish business magazines and textbooks; intensive practise of translation and interpreting skills; legal documentation on the Spanish job market; case studies Indicative Reading and Resource List Aguirre Beltran B, 1998, El Espanol por profesiones, 1 La Empresa, S.A. 1993, Dictionary of Business, English-Spanish, Spanish-English, Peter Collin Publishing Journals: Emprendedores, Muy Interesante, Puerto del Sol Page 266 of 278 Cardiff University

Economics Programmes BS3721 - Language Skills For Professionals (Germ) School Cardiff Business School Department Code CARBS0 Module Code BS3721 Number of Credits 20 Level L6 Module Leader Ms Helga Eckart Semester Double Semester Academic Year 2013/4 Outline Description of Module The aim of this module is to equip students with the necessary language employability skills, together with an understanding of employment issues in the EU context to be able to work in German speaking countries. On completion of the module a student should be able to A Knowledge and Understanding: show their ability to apply for jobs in German speaking countries by participating in simulated situations and producing written work with a near native linguistic competence. demonstrate their understanding of employment organisations in the EU context. demonstrate their ability to read and comprehend official documents by commenting intelligently on their contents, both orally and in writing. demonstrate their presentational skills in German by giving business presentation. B Intellectual Skills: extract and synthesise key information from written and spoken sources, engage in constructive and critical assessment of ideas and arguments. C Discipline Specific Skills: demonstrate their ability to express themselves creatively and fluently on a wide range of topics business related within the framework of a structured and reasoned argument, demonstrate their ability to communicate in writing by effectively applying analytical and problem solving skills, demonstrate their ability to extract and analyse detailed information from spoken sources, make effective use of language reference materials, to refine knowledge and understanding of register, nuances of meaning and language use. 2013 Cardiff Business School Page 267 of 278

Undergraduate Programme Handbook D Transferable Skills: show an ability to work creatively and flexibly with other as part of a team, show effective use of mediating skills and qualities of empathy. How the module will be delivered There will be 48 hours of language workshops during which students will work in small groups using authentic documents published by the European Union. Indicative study hours: 200 Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 50 Language Skills For Professionals (germ) 2 N/A Written Assessment 20 Oral N/A N/A Written Assessment 15 Oral Presentation N/A N/A Written Assessment 15 Aural N/A N/A Syllabus content Extensive use of the Internet to obtain EU documentation; documentation from German business magazines and textbooks; intensive practise of translation and interpreting skills; legal documentation on the German job market; case studies Indicative Reading and Resource List Renner Sachs, 1987, Economic Terminology, Hueber Seel H, 1999, Deutschland in Europa-Europa in Deutschland, Inter Nationes Page 268 of 278 Cardiff University

Economics Programmes BS3727 - Entrepreneurship and Small Business Development School Cardiff Business School Department Code CARBS0 Module Code BS3727 Number of Credits 20 Level L6 Module Leader Dr Timothy Edwards Semester Double Semester Academic Year 2013/4 Outline Description of Module The module is designed to introduce students to the process and challenges of successful entrepreneurship. In the first semester the module introduces theory and practice in small business management as well as the growing field of entrepreneurship. In the second semester the students will be introduced to the practical challenges of starting a new business venture and will be required to develop a new start-up idea that includes delivering a detailed report and formal presentation. On completion of the module a student should be able to A. Knowledge and Understanding Display knowledge and understanding of theories of entrepreneurship and small business development developed in economics and other social science fields Display knowledge and understanding of the primary functions of small business activity B. Intellectual Skills: Display a capacity to critically assess and apply theories of small business to empirical cases Display research, analytical and deliberative skills appropriate to a critical understanding of the academic field of small business development C. Discipline Specific Skills: Display and apply in business simulation and other exercises the management and other relevant skills that are required in analysing small business activity and supporting small business decision-making. 2013 Cardiff Business School Page 269 of 278

Undergraduate Programme Handbook D. Transferable Skills: Display the ability to present business data and theoretical argument in a group format and in reports and other forms of extended prose. Display research and analytical skills appropriate to managing in a small business context. How the module will be delivered Teaching is conducted over two semesters. In the first semester, material is delivered through 16 hours of lectures and 8 hours of tutorials. Theoretical concepts are introduced in the lectures and empirical evidence relating to small businesses and entrepreneurship is discussed. Tutorial classes provide students with the opportunity of asking questions and discussing theoretical and practical issues relating to the lecture material. In the second semester, the delivery of course material moves toward a focus on group activities. While the contact time is approximately the same, as in the first semester, students will be required to work in their business groups to develop their start-up ideas and presentation skills. The group work involves students working in groups of five or more, presenting their ideas to their peer group and assessing the practical implications and relevance of these ideas in the context of the small business environment. Students are required to submit a written plan and present their business ideas in a formal setting. Indicative study hours: 200 How the module will be assessed Assessment comprises two elements: a two hour examination and a group assignment. The assignment focuses on a business start-up and requires students to work through a business simulation exercise. The focus is on developing applied business skills and team working and groups of students present their business plan in a formal examination setting and in written form. The examination at the end of the Autumn Semester provides an assessment of the material taught in Semester One. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Autumn Semester 60 Entrepreneurship And Small Business Development 2 N/A Written Assessment 40 Coursework N/A 10 Syllabus content A social science perspective of entrepreneurship; understanding entrepreneurial success; financing small business; financial management of small business; marketing in the small firm; the role of government and the regulation of small business development. Page 270 of 278 Cardiff University

Economics Programmes Indicative Reading and Resource List S. Carter and D. Jones-Evans (2000) Enterpriseand Small Business: Principles, Practice and Policy, Financial Times/Prentice Hall M. Coulter (2001) Entrepreneurship in Action, Prentice Hall K. Mole and M. Ram (2011) Perspectives in Entrepreneurship: A Critical Approach. 2013 Cardiff Business School Page 271 of 278

Undergraduate Programme Handbook BS3728 - Ethics and Morality of Business School Cardiff Business School Department Code CARBS0 Module Code BS3728 Number of Credits 20 Level L6 Module Leader Dr Michael Marinetto Semester Double Semester Academic Year 2013/4 Outline Description of Module The module will examine ethical issues and dilemmas in business covering such key, controversial subjects as child labour, and ethical consumption. The main concepts and moral philosophical theories that have been used to understand and explain business ethics will be introduced. In this way it is intended that students will be able to gain an understanding of why ethical problems arise, what their significance might be, and how they might be attended to. Ultimately, the aim of the module is to enable students to reflect upon ethical questions with a view to enhancing their analytical and decision-making skills. On completion of the module a student should be able to Question the role of business in society, and explain how and why this role might change or be managed. Evaluate the responsibilities of, and relationships between, companies and their external and internal stakeholders. Conduct critical evaluation of the ethical rights and wrongs of a variety of business issues drawing on relevant moral philosophical theories. A. Knowledge and Understanding Identify and critically analyse common ethical issues arising in business. Develop a basic understanding of the moral philosophical theories which may be relevant to such critical analysis. Diagnose ethical problems and suggest how they might be resolved or dealt with. B. Intellectual Skills: Demonstrate the ability to analyse and debate ethical problems in business, and to develop, present and defend potential solutions. Page 272 of 278 Cardiff University

Economics Programmes C. Discipline Specific Skills: Skills of critical evaluation, the research process and the application of academic theory to professional practice D. Transferable Skills: Develop the ability to think critically and originally An awareness of moral philosophy in business situations How the module will be delivered A mixture of lectures, case studies, exercises, guest speakers, audio-visual materials and interactive podcasts. A strong emphasis is to be placed on student participation in class. There will be approximately 44 hours of classes, which will consist of a combination of formal lectures and tutorial sessions. Indicative study hours: 200 How the module will be assessed The exam will consist of two sections A and B. The questions in section A are based on topics covered in the first semester that were not used for the assignment questions. Section B will include questions based on all the topics covered in the second semester. Students taking the exam will be required to complete ONE essay question from Section A and TWO essay questions from Section B. They will have three hours to complete these essays. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 60 Ethics And Morality Of Business 3 N/A Written Assessment 40 Coursework N/A 12 Syllabus content The module is structured around four themes. (1) Business Ethics in Philosophical Context: The first part of the module looks at business ethics in context, introducing key philosophical ideas and concepts. (2) Corporate Social Responsibility and Ethics: The second part of the module explores the rise of the corporation and how this reshaped the ethical and social priorities of corporations. Consideration is given to CSR or corporate social responsibility. (3) Deviant Ethics of Globalisation: This section will cover emerging issues faced by global businesses today, such as child labour, mobile capital, glocalisation and the anti-capitalist movement. (4) Contemporary Issues in Business Ethics: this section will focus on areas such as ethical investment, ethical consumerism, the fair trade phenomenon, shareholder activism, and the unethical behaviour of corporations. 2013 Cardiff Business School Page 273 of 278

Undergraduate Programme Handbook Indicative Reading and Resource List Crane A. and Matten, D. (2004), Business Ethics (Oxford University Press) Fisher, C. and Lovell, A. (2006), Business Ethics and Values (Prentice Hall) Boatright, J. R. (2006),Ethics and the Conduct of Business, 5 th ed. (Prentice Hall) Page 274 of 278 Cardiff University

Economics Programmes BS3741 - Marketing Decision Making School Cardiff Business School Department Code CARBS0 Module Code BS3741 Number of Credits 20 Level L6 Module Leader Dr John Kouropalatis Semester Double Semester Academic Year 2013/4 Outline Description of Module The module presents the context, concepts, methods and applications of decision modelling, covering marketing decision areas such as segmentation, positioning, new product design, forecasting, advertising and promotion planning, pricing and product strategies. This course will help students develop skills and learn techniques necessary for translating conceptual understanding into specific operational plans and marketing decisions. On completion of the module a student should be able to A. Knowledge and Understanding: Understand how analytical techniques and computer models can enhance decision making. Understand how to apply specific analytical techniques to market problems in a variety of contexts. Critically appraise marketing phenomena and processes for their usefulness in decision-making Evaluate the components of marketing strategies and programmes for relevance and outcomes. Assess the implementation barriers facing specific marketing initiatives and develop a logical approach to problem-solving. B. Intellectual Skills: Exercise powers of inquiry, logic and critical analysis Interpret and evaluate arguments and evidence Translate findings into actionable activities. C. Discipline Specific Skills: To discriminate and critically evaluate different marketing actions in terms of relevance, efficiency and results. Ability to apply software tools to real marketing decision problems Appreciate the processes and impediments to developing and implementing a strategic marketing plan 2013 Cardiff Business School Page 275 of 278

Undergraduate Programme Handbook D. Transferable Skills: To access and critically appraise from a variety of research resources To identify alternative options in a decision-making context. How the module will be delivered The formal timetabled components of the module consist of approximately 44 hours of lectures and 12 hours of labs. The lecture programme is supported by detailed handouts and structured reading of core texts and additional readings. The labs will focus on developing analytical skills and will be supported with handouts, instructions, and readings. How the module will be assessed A single in course assignment and a written examination are designed to cover the learning outcomes of the module and to test skill development. The assignment will focus on strategic marketing decisions, such as the segmentation, targeting and positioning, for a given company. This assignment will be due at then end of term 1. The written examination will address the main marketing decision making concepts and context (such as NPD, advertising, pricing, etc) and will be held at the end of the spring term. Each assessment element will be equally weighted. Formative assessment arises from the lab sessions where a range of tutor and peerdriven informal assessment provides students with feedback on critical analysis, the application of theory and the development of a range of transferable skills. Assessment Breakdown Type % Title Duration(hrs) Week Examination - Spring Semester 50 Marketing Decision Making 3 Written Assessment 50 Coursework N/A 12 Syllabus content The module presents the concepts, methods and applications of decision modelling to address marketing issues such as segmentation, positioning, new product design, development and forecasting, advertising and promotion planning, pricing and product strategies. The course content will categorize decision support systems into two main areas, those that help with strategic dimensions and those that assist the development of marketing programmes. Indicative syllabus is as follows: Introduction to Marketing decision models Segmentation and Targeting process and methods Positioning using Perceptual Mapping Techniques Tools for Strategic Marketing Decisions N/A Page 276 of 278 Cardiff University

Economics Programmes New Product Decisions Advertising and Communications decisions Sales force and channel decisions Price and Sales promotion decisions Indicative Reading and Resource List Best, R. (2005) Market-based Management, International edition, Prentice Hall Lilien, G.L. and Rangaswamy, A. (2003) Marketing Engineering, Prentice Hall Mullins, J., Walker Jr., O. and Boyd Jr., H. (2009) Marketing Management, A Decision-Making Approach, 7 th edition, McGraw-Hill Irwin. 2013 Cardiff Business School Page 277 of 278

Undergraduate Programme Handbook END OF MODULE DESCRIPTIONS Page 278 of 278 Cardiff University