MU1S46 - Principles of Music Business and Finance 01 Sep 2020 - 31 Aug 2026 | Version 1
Associated Module Information
| Module Code: | MU1S46 | ||
|---|---|---|---|
| Module Title: | Principles of Music Business and Finance | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Music and Drama | ||
| Faculty Sub Group: | Music | ||
| Module Leader: | Lloyd George | ||
| Module Team: | Lucy Squire, Zoe Blackler, Daniel Champion | ||
| First Intended Intake: | SEP 2020 | Final Year of Intake: | 2025 |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 4 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100643 - music and arts management | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 01 Sep 2020 |
| Valid To | 31 Aug 2026 |
Module Aims
In this module, students will develop a knowledge of management and business principles and different types of organisations. They will have the opportunity to explore the impact of the business environment on the behaviour of organisations and develop the technical skills needed to interpret financial statements and conduct financial appraisals
Content Summary
Organisations and responsibilities: organisational types (sole trader, partnership; limited company, multinational, conglomerate, not-for-profit, etc.); stakeholders, stakeholders’ objectives, responsibility of organisations to stakeholders.
Business environment: effects of fiscal and monetary policy on businesses, impact of market forces (e.g. demand and supply) on behaviour of businesses; market competition (perfect, monopoly, monopolistic, oligopoly, duopoly). Data from industry bodies BPI and PRS will be analysed and significant mergers and acquisitions explored.
Financial decision-making: financial planning, financial information, role of financial managers; evaluate sources of funding available to a company; capital budgeting, capital structure; interpret financial statements (income statement, balance sheet, and statement of cash flows).
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 12 |
| Seminar | 18 |
| Practical classes and workshops | 6 |
| Independent Study | 92 |
| Directed Study | 72 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Demonstrate knowledge of business and management theories and models. |
| LO2 | Interpret financial reports, including Profit and Loss Accounts and Balance Sheets to assess the performance of a business. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Asynchronous Assessment | Essay 1 | Music industry report: Essay examining Music Businesses, including financial and organisational behaviours | 0 | 2400 | 60 | No | 40 |
| Synchronous Online Assessment | Classroom Test - Time Constrained (Online) 1 | GIVLKHVB | 100 | N/A | 40 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Essay 1 | ✔ | ✔ | |
| Classroom Test - Time Constrained (Online) 1 | ✔ | ✔ | |