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BA (Honours) Business Studies With Economics - Learning Outcomes

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Educational aims

This is a broad-based business studies degree which aims to provide you with:

  • an introduction to the world of business, including an understanding of markets and market economies;
  • an understanding of the structures, cultures and functioning of business organisations and the complex nature of key business functions and processes;
  • a recognition of the processes and outcomes of organisational decision-making, how organisational strategies both develop and diversify and the nature and role of policies which impact on business;
  • a range of important business graduate skills, which you can bring to your employment in businesses or organisations;
  • an understanding of the theory of economics in an interdisciplinary context;
  • an understanding of a range of issues of social and political concern to which economics contributes understanding;
  • support and guidance to develop as independent learners.

Learning outcomes

The learning outcomes of this degree are described in four areas. The emphasis is on realisable outcomes for students from diverse backgrounds learning at a distance who have chosen a broad-based degree which combines the study of business with another discipline.

By incorporating two economics modules in the profile of your degree, you will achieve the following set of learning outcomes, in addition to those stated for the compulsory modules of the business degree.

Knowledge and understanding

On completion of this degree, you will have knowledge and understanding of:

  • modelling and its importance in economic thinking;
  • the use of abstraction in developing economic theories and models;
  • how specific economic models are constructed;
  • competing theoretical perspectives and the assumptions underlying economic theories;
  • how to apply appropriate theories, models and concepts to economic problems, events and processes.

Cognitive skills

On completion of the degree, you will be able to:

  • construct economic arguments and recognise the differences between economic and other forms of argument;
  • manipulate economic models to analyse the impact of changes in variables;
  • evaluate economic theories and use them to explain and analyse social issues and policy questions;
  • integrate diagrammatic and verbal analysis of economic issues;
  • interpret economic data presented in a variety of forms including basic regression results;
  • undertake data analysis using economic data and appropriate analytical tools;
  • search library catalogues and bibliographic databases;
  • select a range of academic literature focusing on a particular theoretical proposition or economic issue;
  • conduct fieldwork research.

Practical and/or professional skills

On completion of the degree, you will be able to:

  • transfer and use relevant key skills in the workplace context;
  • use the more specific knowledge, analytic skills and methods, rooted in the different disciplines, as a strong basis for work in many professions.

You will have become better informed, more active and questioning members of an organisation by:

  • the ability to engage critically with the underlying challenges and problems facing a business;
  • the ability to identify and evaluate conflicting arguments, including recognising the significance of different value positions in these arguments.

Key skills

On completion of the degree, you will be able to demonstrate the following additional skills:

Communication

  • prepare and present written and discussion material to suit purpose, situation, audience and complexity;
  • use a variety of techniques – written, diagrammatic and numerical – to engage audience;
  • read and synthesise information from a variety of sources for a specified purpose.

Application of number

  • read and construct scale drawings, graphs, charts and diagrams from numerical data;
  • read and interpret large and complex numerical data sets;
  • carry out multistage calculations with numbers of any size incorporating the use of powers and roots;
  • calculate measures of average and distribution;
  • apply standard formulae, equations and expressions in calculating economic measures and indicators;
  • select and use appropriate methods to illustrate findings, show trends and make comparisons;
  • work with qualitative and quantitative data, drawing appropriate conclusions based on findings, including how possible sources of error may affect the results.

Teaching, learning and assessment methods

Knowledge and understanding are acquired at all levels through published distance-learning materials, including specially written study materials, study guides, assignments and project guides; through a range of multimedia material; through work on original texts; and through feedback on assignments. The key teaching vehicles are supported open learning materials which comprise a range of compulsory reader texts and specially prepared study guides directing your reading and illustrating key teaching points. Your learning is supported by a tutor who is your first and main point of contact, answering your queries, grading and commenting on your work and facilitating group learning

To support the development of your group-working and ICT skills, you are required to participate in online forums. This also provides you with an additional environment in which to share learning and resolve module-related problems.

Assessment of the knowledge and understanding components of the programme is achieved through a combination of continuous assessment and exams. These assessments are central to the teaching of each module, enabling tutors to identify and comment on your knowledge and understanding. The specialism subject also has project-based assessment at Level 3.

At Level 1, the approach is interdisciplinary. You may choose modules from a range of disciplines, developing knowledge and understanding in a range of subject areas. At Levels 2 and 3 the three compulsory modules are rooted within the business studies discipline, but the specialism modules come from the economics discipline.

Cognitive skills and processes are introduced at a very simple level at Level 1, primarily via material specifically designed to develop social science, technological or mathematical skills in a progressive way. Although modules at Levels 2 and 3 continue this work, there is significant variation between compulsory and optional modules in the degree to which skills are taught explicitly in the study materials. Significant teaching is, however, maintained through the assessment strategy and tutor feedback.

In the three compulsory modules you are encouraged to develop specified skills. In each module the specific components of the skills is identified, mapping out where each skill will be developed and practised. As the module progresses these skills are sign-posted and you are offered an opportunity to practise them in association with your work on the study materials. Initially, the module study guides offer you advice and guidance with these activities, but as you progress through each module, the extent of this guidance decreases so as to encourage independent learning

In the Level 2 modules, you are asked to analyse your progress with skills associated with your current work, submitting this assessment as part of your assignments. This allows you to develop a systematic and self-conscious approach to your skill development, assisted and supported by your tutor. These activities culminate in an assessment solely concerned with skills development where you are asked to reflect on your skills progression and achievement.

The Level 3 module expects you to show application of skills developed earlier. In requiring you to work with fellow students in a virtual group using online forums, it also aims to develop your ability to conduct independent research using a variety of databases and websites, and to develop online group-working skills.

In addition, depending on the modules taken, other more discipline-specific skills will be developed and assessed.

The first two of these practical and/or professional skills (listed above) refer to the vocational relevance of the degree. Whilst not all occupationally specific, all teaching and assessment strategies will help you develop knowledge and skills that are transferable to the workplace, whatever combination of modules you take.

The final three outcomes are at the heart of the business studies, developed as a consequence of module work throughout the programme and implicitly built into assessment.

Communication

The open nature of entry to the OU means there is considerable emphasis on reading and writing skills at Level 1. At subsequent levels there are assumptions about your basic abilities in these areas, although tutor feedback on writing skills continues to be important. However, the material from which you work becomes increasingly complex and diverse, and more sophisticated skills of interpretation, selection and synthesis are required.

Application of number

Again, you are taught these basic skills at Level 1 and at least one of the assessment items will use these as a focus, with more opportunity for learning by tutor feedback. The extent to which you continue to develop these skills will depend on modules taken, with modules from the economics discipline, mathematics and accounting modules taking you considerably further.

Information technology

Although you are introduced to issues related to information technology in a range of modules from Levels 1 to 3, the ability to work with information technology is a compulsory element in two of the three compulsory modules and in several of the optional modules (e.g. Technology and Accounting modules) in the named degree, although you may select modules (at Level 1) that give you the opportunity to develop skills in this area.

Learning how to learn

Because OU students are part-time and studying at a distance, there is strong emphasis on helping you to develop as an independent learner. At Level 1 this means helping you to develop basic skills (e.g. time planning, using feedback and support), but also laying the foundations for the increasing emphasis on reflection at Levels 2 and 3. This is not assessed directly but will be demonstrated by an increasing ability to study autonomously.

Assessment, in the majority of cases, is via tutor-marked assignments (TMAs) and examination. The assessment strategy at Level 1 also has a strong focus on cognitive skills development for which you obtain detailed feedback. Key skills are central to the presentation of assignments, and consequently they are assessed throughout the programme both via continuous assessment and examination.

There is increasing emphasis at Level 3 on the selection and use of material from a range of sources including original texts. Assessment of subject knowledge and understanding is linked to the benchmarking standards of individual disciplines.

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