This module considers key elements of both micro- and macro-economics and relates them to the experiences of entrepreneurs and their businesses. The rationale for, nature of and impact of the economic policies of national governments and wider economic groupings such as the European Union are examined.

The main aim of this module is to develop a greater understanding of some of the key activities and functions associated with establishing and managing a business. The main topics studied include the different types of business structure, their ownership models and legal bases and the significance of sustainability and an ethical approach; Organisational Behaviour; including the psychological contract and organisational culture; Management theories and styles; Leadership within business; an introduction to Operations Management including operations strategy performance objectives setting and quality management.