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This booklet contains a list of all the modules that are likely to be available to visiting exchange students studying at the University of Liverpool
Management School for 2018-2019. It contains information about the broad aims of each module, the level at which the module is set and details of any
pre-requisite study that a student should have completed before applying to undertake a particular module.
Visiting exchange students cannot take Level One modules and must select modules from Level Two and Level Three; however, students from Copenhagen
Business School are eligible to take MKIB153 Fundamentals of Marketing.
Students should take a maximum credit load of 60 University of Liverpool credits per semester (30 ECTS credits). Each module is equivalent to 15 University
of Liverpool credits (7.5 ECTS credits) so students usually take 4 modules. The minimum credit load per semester is 45 University of Liverpool credits
(usually 3 modules). Students are encouraged to select and be pre-approved for more than the 60 credit maximum so that any timetable clashes can be
dealt with quickly. If students wish to change modules, they can do so in the first two weeks of each semester but must seek additional approval from their
home institution. All modules are at undergraduate level. Postgraduate modules are not available to visiting students.
It is vital that students have completed the necessary pre-requisite study for each module that they apply for, otherwise they may find the modules difficult
when they arrive. If the student’s transcript does not suggest they have completed the appropriate pre-requisites, they will not be allowed to take that
module or will be contacted for further information or an alternative will be suggested.
Only students who are majoring in business related subjects at their home University are able to take four modules per semester with the Management
School. Students who are not majoring in a business related subject will only be able to select up to two modules per semester from the Management
School. Students should also have an English language ability equivalent to IELTS 6.5 / TOEFL 570 in order to undertake modules in the Management School.
Although the Management School will endeavour to ensure that all the modules listed will be offered during the academic year, it cannot guarantee that
they will all be available. Students should be aware that the scheduling of the lecture timetables, which is confirmed at the beginning of September, may
also prevent them from taking certain modules. Should any modules be unavailable, students will have the opportunity to register for alternative modules
in the first two weeks of the semester.
If you have any queries about the modules listed in this booklet, please contact the Management School’s Study Abroad Officer, John Green at
John.Green2@liverpool.ac.uk and he will be happy to help you.
SPECIALIST ACCOUNTING MODULES – SEMESTER ONE
Please note that these modules are most appropriate for students majoring in accounting and finance at their home university, subject to having completed the pre- requisite study.
Code Title Level Descriptor Pre-Requisite Study
ACFI 201
Financial Reporting 1
The module introduces students to regulatory reporting requirements for companies in the UK by covering key elements of international accounting standards.
An understanding of the underlying principles and concepts of financial accounting, and technical proficiency in the use of accounting techniques (e.g., double entry accounting, preparation of financial statements)
ACFI
Financial Management
An introduction to the modern theory of finance, including such topics as portfolio theory, efficient markets, company dividend decisions and capital structures.
Level one study of management accounting and/or finance concepts and principles. Students should have studied quantitative methods to level one.
ACFI
Audit and Assurance
An examination of the regulatory framework within which statutory audit in the UK operates, including consideration of key elements of international auditing.
An understanding of the underlying principles and concepts of financial accounting, and technical proficiency in the use of accounting techniques (e.g., double entry accounting, preparation of financial statements).
ACFI 213
Corporate financial Management for non- specialist students
The module aims to introduce students to the modern theory of finance and financial management. Theoretical concepts like the net present value, decision making under uncertainty, dividend valuation, bond pricing, portfolio theory, asset pricing, futures and options are introduced. In all cases numerical examples, using real market data.
An understanding of the basic finance concepts and principles of financial accounting. Students should also have studied quantitative methods to level one.
ACFI 304
Business Finance
The module aims to provide students with a fundamental understanding of the core theoretical and empirical aspects involved in corporate finance.
An understanding of the modern theory of finance and financial management, including concepts such as capital asset pricing and portfolio management.
ACFI
Management Accounting for Business
The module aims to provide students with an overall understanding of the various techniques and practices utilised by management accountants within the function of business management.
An understanding of the structure and contents of the key financial statements of business organisations.
E-BUSINESS AND OPERATIONS MANAGEMENT MODULES – SEMESTER ONE
Code Title Level Descriptor Pre-Requisite Study
EBUS 209
Operations Management: Tools and Techniques
This module introduces some of the important tools and techniques of contemporary operations management. Students will gain an understanding of issues such as lean thinking, logistics and distribution and the impact of e-business and internet technologies on operations planning.
Must have studied operations management previously.
EBUS 301
E-business models and strategy
An introduction to the appraisal and formulation of e-business strategy and contemporary e-business models. None
EBUS 306
Supply Chain Operations Management
The aim of this module is to provide a study of the key principles, systems and techniques used to assure effective supply chain management. The module covers an extensive range of subjects including logistics, information management, inventory management, partnerships and information technology.
Must have studied operations management previously.
SPECIALIST ECONOMICS MODULES – SEMESTER ONE
Please note that these modules are most appropriate for students majoring in Economics at their home university, subject to having completed the pre-requisite study. Code Title Lev el
Descriptor Pre-Requisite Study
ECON 212 Basic Econometrics 1 2
An introduction to econometrics which focusses on the principles of Ordinary Least Squares regression analysis. Practical experience is provided through regular laboratory sessions.
An understanding of mathematics and statistics and their application to the study of economics.
ECON 221 Microeconomics I 2
This module provides a solid foundation of intermediate level microeconomic theory and covers topics including Consumer Theory, Producer Theory and General Equilibrium.
Students must have completed an introductory microeconomics module. This module cannot be taken with ECON254 or ECON227.
ECON 223 Macroeconomics I 2
This module builds on students’ existing knowledge of macroeconomics and considers areas such as Keynesian macroeconomic models and the role of fiscal and monetary policy in the economy.
Students must have completed an introductory macroeconomics module. This module cannot be taken with ECON254.
ECON 227
Microeconomics for Business Economics
Students will be able to understand how to analyse individual consumption behaviour and understand the implications of profit maximisation for firms. Students will be able to combine the knowledge of consumption and production behaviour to provide a general equilibrium analysis of economic activities.
An understanding of the application of mathematics to economics, management and accounting. Previous study of microeconomics is necessary. This module cannot be taken with ECON221.
ECON 250
Alternative Perspectives in Economics
This module aims to provide a historical and methodological basis for understanding modern economic theory. Students will learn to differentiate between and analyse the approach to subject matter adopted by different schools of thought.
Students must have completed introductory modules in microeconomics and macroeconomics.
ECON 251
Behavioural Economics
This module introduces students to behavioural economics, its methods and its perspectives, and provides an understanding of how it has contributed to economics as a social science.
Students must have completed an introductory module in Microeconomics and have an understanding of mathematics and statistics and their application to the study of economics.
ECON 308
Quantitative Financial Economics
This module provides a broad introduction to essential topics in modern financial economics, which crucially includes decision-making under uncertainty, portfolio selection, pricing financial assets and state contingent claims, and forecasting asset returns and volatility from historical data.
Students must have studied basic econometrics and mathematics for economics.
ECON
Financial crises and Defaults 3
Students will be introduced to the theoretical arguments and empirical evidence related to financial crises and defaults. The module will look at issues such as Brexit, Grexit and the European debt crisis.
Students should have completed modules in intermediate macroeconomics and management economics.
ECON 312
Methods of Economics Investigation 2: Microeconometrics
This module covers typical topics such as binary choice models including logit and probit models, count data models which is widely used to deal with integer variables as well as panel data models. The module will develop applied research skills, including the ability to analyse data using appropriate econometric techniques and bespoke software.
Students must have studied basic econometrics.
ECON 322
Game Theoretical Approaches to Microeconomics
3 This module provides an introduction to game theory.
Students must have an understanding of mathematics and statistics and their application to the study of economics.
ECON
Issues in Development Finance
This module will enable students to develop a critical understanding of issues and recent developments in the area of finance for development. This may include, for example, the impact of overseas development assistance, the role of the IMF and World Bank, Microfinance and Islamic Finance.
Students must have completed studies equivalent to ECON254 or ECON221.
ECON 333
Industrial Organisation
Students will apply the tools of microeconomics to the analysis of firms, markets and industries in order to understand the nature and consequences of the process of competition. These tools will also be applied to the evaluation of relevant government policy.
Students must have completed studies equivalent to the Management School’s module ECON227. A knowledge of management economics is also helpful.
ECON 335
International Trade
This module aims to develop a good understanding of the main trade theories, their assumptions, implications, applications and limitations, and provide essential skills to students to engage in an analytical discussion of the impact of trade patterns, trade policies of government, foreign direct investment and World Trade Organisation on the economies of both developing and developed countries.
Students must have studied management economics and basic microeconomics before taking this module.
ECON 354
International Economic Relations
This module considers the nature and determinants of the pattern of world trade and financial, capital and labour flows, and analyses these in the context of key issues in international economic relations.
Students must have completed studies equivalent to the Management School’s module ECON254. This module is usually taken by students majoring in Business.
GENERAL MANAGEMENT – SEMESTER ONE
Code Title Level Descriptor Pre-Requisite Study
MKIB337 Tourism 3
The aim of this module is to provide a coherent framework through which the structure, management and organisation of the Tourism Industry can be understood and the nature of tourism demand explained.
None
MKIB
Events Management 3 The module provides students with a critical understanding of events management. Students must have studied an introductory marketing module.
MKIB202 Branding 2 The module aims to provide students with the knowledge and skills required to design, launch and manage a brand.
Students must have an understanding of the theory of consumer behaviour and marketing practice.
PHIL
Business Ethics
This module deals with business ethics and the social responsibility of business organizations. It is designed to inform decision-making about ethical challenges arising in business.
None
HUMAN RESOURCE MANAGEMENT MODULES – SEMESTER ONE
Code Title Level Descriptor Pre-Requisite Study
ULMS
Diversity Management
This module provides an overview of what workforce diversity is and its relevance and usefulness in improving the understanding and management of people at work. Issues such as gender, age, ethnicity, disability, sexual orientation and intersectional identities will be discussed.
Students must have previously studied an introductory management module.
ULMS 351
Psychological Approaches to Decision Making
Students will gain an understanding of the concepts and theories relevant to the cognitive and emotional aspects of decision-making at the individual, group and organisational level. Students will look at the issues associated with decision-making amidst uncertainty and conflict and will learn about factors that can influence decision-making.
Students must previously have studied an introductory management module.
MARKETING MODULES – SEMESTER ONE
Module Module Title Level Descriptor Pre-Requisite Study
MKIB
Fundamentals of Marketing
Students will develop an understanding of the marketing environment and its relevance for the organisation. They will be able to identify and apply key marketing concepts to aid marketing and business decisions and will have an understanding of the practical applications and processes of marketing.
None. This module is available to students from Copenhagen Business School only
MKIB
Market Research
Students will develop an understanding of the need for, and place of, market research in supporting marketing decisions. Students will critically evaluate market research methodologies and develop a practical and applied understanding of developments in market research, including its strengths and weaknesses.
Students must have studied an introductory marketing module previously.
MKIB
Digital Marketing
This module looks at what has happened to the role of marketers in light of developments in digital marketing and takes a cultural perspective on the digital environment and relates it back to modern marketing practice
Students must have studied an introduction to fundamental principles of marketing
ACFI
Corporate Governance
The module aims to provide students with an understanding of the history and development of corporate governance and the key principles and systems that underpin corporate governance today. It also provides the opportunity to assess the practical application of corporate governance systems across major international organisations.
Students should have studied modules in accounting or management economics prior to taking this module.
ACFI
Capital Markets
Capital Markets provides a comprehensive introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our financial system.
Students should have studied financial management prior to taking this module.
ACFI
Football Financial reporting, Analysis and Valuation
This module aims to give students an understanding of how financial transactions have an impact on football clubs, and the integration of finance into the success or otherwise of clubs. The module will attract students with an interest in the sport and provide them with an insight into how financial metrics in relation to clubs can be produced, and the valuation techniques used by investors when buying and selling clubs
Students should have studied an introductory module in finance and accounting.
ACFI
Financial Risk Management
This module covers both the internal aspects of financial institutions and the external factors that affect the investment arena and modern financial markets in general.
Students should have studied a module equivalent to the Management School's ACFI304 Business Finance.
SPECIALIST ECONOMICS MODULES – SEMESTER TWO
Please note that these modules are most appropriate for students majoring in Economics at their home university, subject to having completed the pre-requisite study.
Code Title Level Descriptor Pre-Requisite Study
ECON Mathematical Economics 2
An introduction to the use of mathematical models in the study of economics.
An understanding of mathematics and statistics and their application to the study of economics.
ECON Basic Econometrics 2
This module builds on students' existing study of econometrics by extending the treatment of regression to the multiple regression model.
Students must have studied an Econometrics syllabus similar to ECON212.
ECON
Microeconomics 2
This module builds on the theoretical foundations developed in students' previous studies of microeconomics and extends the application of the skills acquired to more advanced topics like welfare economics. It introduces topics such as asymmetric information and game theory.
Students must have studied the areas covered in ECON221 Microeconomics 1 or ECON Microeconomics for Business Economics before taking this module.
ECON
Macroeconomics 2
This module extends students' previous study of macroeconomic theory at the intermediate level by providing a comprehensive introduction to the central tenets underlying, and the policy implications of, the monetarist, new classical and new Keynesian schools of macroeconomic thought.
Students must have studied the areas covered in ECON223 Macroeconomics 1 before taking this module.
ECON
Management Economics 2
The module introduces students to the different economic approaches to the study of organisations. It also shows how economics can be applied to strategic management, mergers and acquisitions and corporate governance.
Students must have studied the areas covered in ECON233 Management Economics 1 before taking this module.
ECON
Securities Markets
This module will develop students' understanding of the role of securities markets in the economy. Students will also be able to understand and apply appropriate economic theory to market organisation and develop an understanding of the usefulness of portfolio theory and the approaches to the valuation of financial assets.
Students must previously have taken an introductory module in microeconomics, macroeconomics or finance.
ECON
Economics of Developing Countries
This is an introductory module to the economics of international development. It introduces students to conceptual and methodological issues within international development and provides a solid grounding in various models of economic growth and development.
Students must have studied basic and intermediate micro and macroeconomics.
ECON
Methods of Economic Investigation 1: Time Series Econometrics
The aim of this module is to give students an understanding of econometric time-series methodology. Areas covered include volatility models of financial time-series, and multivariate (multiple equation) models such as vector error correction and related cointegrating error correction models.
Students must previously have studied an econometrics module equivalent to ECON Basic Econometrics 1.
ECON326 Health Economics 3
This module provides an introduction to the basic principles and tools of health economics. It offers an overview of issues such as demand and supply for healthcare, equality and inequality, health care financing and health insurance.
Students must have an understanding of mathematics and statistics and their application to the study of economics and must previously have studied intermediate microeconomics.
ECON
Advanced Macroeconomics
Students will build on their existing macroeconomic knowledge by considering the political economy perspective of macroeconomic processes and taking an in-depth look at the Solow growth model. The module will also consider alternative views of the business cycle and look at the role of exchange rates and commodity prices.
Students must have studied intermediate macroeconomics before taking this module. It is normally taken by students majoring in Economics.
GENERAL MANAGEMENT – SEMESTER TWO
Code Title Level Descriptor Pre-Requisite Study ULMS202 Business and Employment Law
2 A module to introduce students to the impact the law of England and Wales on business. Contract law, tort, employment law, discrimination and intellectual property are the main areas of focus.
Students must have studied an introductory module in management and also an introductory module in human resource management.
INTERNATIONAL BUSINESS – SEMESTER TWO
Code Title Level Descriptor Pre-Requisite Study
MKIB 225 International Business
2 This module aims to give Business Studies students an^ introduction to the issues facing international firms within a rapidly changing global environment.
None. This module cannot be taken alongside MKIB 253.
MKIB
International Management
An introduction to key issues in international business and management from the perspective of the multinational enterprise. Students will compare different national traditions of corporate organisation and governance.
Students must previously have studied an introductory module in international business. This module cannot be taken alongside MKIB 225.
MKIB
International Development
This module is concerned with the theoretical and practical implications of international development in the global economy. The module will enable an in-depth analysis of the central issues associated with the policies of international development. The module also provides an insight into recent trends in international development and identifies future directions.
Students must previously have studied an introductory module in international business. If you have not studied international business before, you must take this module alongside MKIB225.
MKIB
Business in the Asia- Pacific Region
This module aims to familiarise students with the unique and contrasting business environment in the Asia Pacific region and to use concepts and theories from the international business/management literature to evaluate and explain this environment.
Students must previously have studied an international business/management module equivalent to MKIB225 or MKIB253.
MARKETING MODULES – SEMESTER TWO
Code Title Level Descriptor Pre-Requisite Study
MKIB
Retail Marketing
The key aim of this module is to provide an appreciation and understanding of the functions and challenges inherent in the management of retail organisations, including the management of a large assortment of products/services, the complexities and risks of selecting new locations and managing a store network, and managing a constant and direct interface with customers.
Students must have studied an introductory marketing module previously.
MKIB
Services Marketing
An introduction to the sub-discipline of services marketing. Students will critically evaluate the theory of services marketing and will analyse specific service organisations and sectors, such as financial services, hotels, airlines, universities and charities.
Students must have studied an introductory marketing module previously.
MKIB
Marketing and Society
This course aims to develop fundamental knowledge of and about marketing as a field of study and provoke critical thinking about the field. It provides an opportunity for students to consider alternative approaches to the study and practice of marketing. Readings and discussions examine the historical development of marketing thought and theory, as well as contemporary issues, alternative perspectives, and critical insights.
Students must have studied a range of marketing-oriented modules previously. This module is only available to students who major in Marketing at their home university.
