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ACCT41820: Accounting, Finance and Economics (Taught)

It is possible that changes to modules or programmes might need to be made during the academic year, in response to the impact of Covid-19 and/or any further changes in public health advice.

Type Tied
Level 4
Credits 20
Availability Available in 2023/24
Module Cap None.
Location Durham
Department Accounting


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Excluded Combinations of Modules

  • Accounting, Finance and Economics (Online) ACCT41720


  • To develop students understanding of the external economic and financial context in which organisations operate and of the financial management of organisations.
  • To enable students to acquire and demonstrate knowledge and understanding of those elements of economic analysis that are relevant for managing in the global economy.
  • To develop skills in the application of economic analysis in business decision making and planning.
  • To develop a critical understanding of key economic aspects of the global business environment and the impact of changes in that environment at national and international levels.
  • To provide students with a critical appreciation of the financial tools of accounting and finance, in particular, the techniques of financial statement analysis and investment appraisal.
  • To provide students with a critical understanding of the factors affecting the financial planning and risk assessment of a firm and of the financing and capital structure decisions, giving insight into topical issues.


  • Microeconomics relevant to decision making in the global business environment
  • Macroeconomics relevant to decision making in the global business environment
  • Fundamental Concepts of Accounting
  • Evaluating Financial Performance
  • Working Capital Evaluation
  • Financial Planning Techniques
  • Long Term Investment Decisions
  • Capital Structure decisions
  • Financial Risk Management

Learning Outcomes

Subject-specific Knowledge:

  • Upon successful completion of the module, the students will:
  • have an advanced knowledge and critical appreciation of the underlying fundamentals of the market system; the importance of, and interaction between demand, costs and prices at the level of the firm and the market; the inter-relationship between the competitive environment and business decisions; the macro-economic environment, at national and global level; the internationalisation of firms and multinational activity; the key financial statements; issues relating to working capital management; the concepts of budgeting and short term decision analysis; the factors affecting the capital structure and financing needs of a firm; the fundamentals of financial markets in which firms operate; the tools and techniques used in managing financial risks; how managers make financial decisions in a world of uncertainty and imperfect information.
  • be able to appreciate the highly complex nature of the economic system within which business operates.
  • have developed a critical understanding of the importance of corporate and social responsibility, including the sustainability of economic activity, both at micro and macroeconomic level.

Subject-specific Skills:

  • Upon successful completion of the module, the students will be able to:
  • be able to apply their economic understanding in management decisions in the global context;
  • have practised problem solving and analytical skills in relation to managing in the global environment;
  • be competent at using key techniques for interpreting financial statements;
  • be able to use key techniques of investment appraisal;
  • be able understand and apply techniques of cash budgeting and working capital management;
  • be adept at identifying and evaluating methods by which financial risks can be managed.

Key Skills:

  • Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Learning outcomes are met through classroom-based workshops, supported by online resources. The workshops consist of a combination of taught input, groupwork, case studies and discussion. Online resources provide supplementary material for the workshops typically consisting of directed reading and video content.
  • The formative assessment includes classroom-based exercises involving individual and group analyses of specific business situations/problems relevant to the learning outcomes of the module. Feedback will be given as appropriate.
  • The summative assessment is a written assignment which requires students to conduct an economic analysis of an aspect of a specific firms business environment and to establish the financial implications of relevant business decisions.

Teaching Methods and Learning Hours

Workshops (a combination of taught input, groupwork, case studies and discussion), timetabled in blocks8Over a 4-day teaching block4 hours32Yes
Preparation, reading and other independent study168 

Summative Assessment

Component: Written AssignmentComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
Individual written assignment4000 words max100same

Formative Assessment

Regular self-assessment exercises involving economic analysis and interpretation, using computer aided assessment.

More information

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