| Unit name | Foundations of Finance and Economics |
|---|---|
| Unit code | LANG00040 |
| Credit points | 20 |
| Level of study | QCA-3 |
| Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
| Unit director | Mr. Sarda |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
IELTS: minimum 6.0 overall; minimum 5.5 in Writing component, minimum 5.0 in Speaking, Listening and Reading components, or equivalent. |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one |
None |
| School/department | Centre for Academic Language and Development |
| Faculty | Faculty of Arts |
Why is this unit important?
This unit aims to provide you with an introduction to finance and economics. Finance will include both financial accounting and management accounting. Financial accounting may include topics such as: the valuation of assets; sources of finance; and preparing final accounts (sole trader, partnerships and limited company); adjustments for accruals and prepayments; depreciation and bad debts provision. Management accounting may include topics such as: costs and revenue; short-term and long-term decision making; cost-volume-profit analysis; and the time value of money. Economics will include both microeconomics and macroeconomics. Microeconomics may include topics such as: competitive markets; consumer theory; supply and demand; and economics as a social science and policy tool. Macroeconomics may include topics such as: government intervention; inflation; unemployment; gross domestic product; and exchange rates.
How does this unit fit into your programme of study?
This unit prepares you for a wide range of degrees related to finance and economics in the Business School and School of Economics at the University of Bristol as it contains content for a range of specific subjects, such as Economics, Finance, Accounting and Finance, and Business and Management. The unit is taken alongside the Introductory Mathematics and Foundations of Statistics units, specifically taken by students progressing to Economics and Accounting & Finance degrees, whilst students progressing to Business and Management degrees take Essential Mathematics and Foundations of Management units.
You will be encouraged throughout the units to think critically, enabling you to analyse and interpret real life business issues in order to devise solutions.
Economics: Economics is more than just Maths. Economics has an impact on all parts of our lives from Business to governments and wider society. In this module you will learn about the tools that allows you to understand how the world works.
Accounting: Accounting is more than just a computational skill and this module will develop your ability to analyse and evaluate business situations using case studies and effectively communicate your views and opinions using both accounting theories and principles.
How will students, personally, be different as a result of the unit
On completion of the unit, you will have had the opportunity to engage with a range of concepts, models and theories used in the world of business. The module will prepare you with the skills and knowledge for further study at undergraduate level.
Learning Outcomes
On successful completion of the unit, students will be able to:
Learning is facilitated in weekly classroom sessions involving a combination of teacher-led input, combined with student-led discussion and practical, workshop-style activities. In addition to a range of texts and case studies, appropriate e-learning technologies will be used for self-study as well as work in class.
Tasks which help you learn and prepare you for summative tasks (formative):
Tasks which count towards your unit mark (summative):
When assessment does not go to plan
Any student registered on the International Foundation Programme will be offered a conditional place on an undergraduate degree at the University of Bristol. Students must meet the entry requirements to be admitted onto an undergraduate degree at the University of Bristol. Different degree programmes may have different entry requirements. The IFP Board will review the mark profiles of all students who are close to attaining the entry requirements but are outside the previously agreed near miss criteria and may agree to admit them to a degree programme. If not admitted, students may be offered a further opportunity (i.e. two attempts in total) to meet the entry requirements for their intended degree programme at the University of Bristol by re-taking a relevant assessment. Marks are not capped for this purpose. If a student is absent or their performance in assessment is significantly affected due to exceptional circumstances, they may re-take the relevant assessment at the next appropriate time, without penalty.
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. LANG00040).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the University Workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
