BSc Fashion Buying and Merchandising

Year of entry: 2024

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Course unit details:
Fashion Business & Analysis

Course unit fact file
Unit code	MATS22002
Credit rating	20
Unit level	Level 5
Teaching period(s)	Semester 2
Available as a free choice unit?	No

Overview

The unit provides a concise introduction to economic principles, cost and management accounting concepts, business metrics and statistical techniques needed to systematically analyse and appraise the nature and performance of fashion businesses.

Aims

The unit aims to:

Give a suitable introduction to micro and macroeconomics.
Provide a thorough grounding in cost and management accounting approaches used in the contemporary fashion industry.
Offer hands-on experience in the use of business metrics, statistical analysis and spreadsheets.
Explore the application of the above to the systematic analysis of a range of fashion business scenarios and environments.
Promote confidence in the use of quantitative approaches to identify, formulate and solve problems relating to contemporary fashion business challenges.

Learning outcomes

A greater depth of the learning outcomes will be covered in the following sections:

Knowledge and understanding
Intellectual skills
Practical skills
Transferable skills and personal qualities

Teaching and learning methods

The unit will be delivered using a blended learning approach, combining blended learning with online activities. Students will prepare for sessions by interacting with a range of online resources and undertaking preparatory work. (please keep up-to-date with current COVID restrictions).

All sessions are supplemented with directed reading and formative “homework” assignments intended to promote “ownership” of the concepts introduced.

For the in-course assessment, each student will undertake an economic analysis of a Fashion Company of his/her choice. In particular, s/he will examine the products offered by the company, explain the nature of the demand for these and briefly analyse the economic environment in which the company operates. Choices will be facilitated by unit tutors and guidance given on the scope of material to be covered. Formative feedback will be given at Week 5 on early drafts.

General assistance throughout the module includes:

The provision of reading lists for each topic covered, with suggestions for further reading: where possible copies or links will be available on the Blackboard site for the unit.
An opportunity for you to speak briefly to unit tutors during and at the close of taught sessions (lectures and seminars).
A formative assessment opportunity for an early draft of the economic analysis coursework.
Ipsative assessments throughout the unit to help students gauge their progress and to check the development of their understanding.

Knowledge and understanding

Expound fundamental economic principles, key accounting concepts, and business metrics relevant to contemporary fashion business.
Explain and distinguish traditional and contemporary approaches to costing and management accounting.

Intellectual skills

Select and apply economic principles, accounting concepts, and business metrics to a range of contemporary fashion business organisations and environments.
Analyse and manipulate appropriate data and information from a variety of sources.

Practical skills

Select and employ appropriate tools, including software packages and computer-based approaches, to inform and support analysis of a range of business scenarios.
Use appropriate sources to gain relevant information to inform and support decision making in a contemporary fashion business.
Act with increasing autonomy, with reduced need for supervision and direction, within defined guidelines

Transferable skills and personal qualities

Engage effectively in academic discussion and present arguments in a professional manner.

Assessment methods

Method	Weight
Written exam	50%
Written assignment (inc essay)	50%

Feedback methods

Written and verbal

Study hours

Scheduled activity hours
Lectures	22

Independent study hours
Independent study	178

Teaching staff

Staff member	Role
Mohammed Mirza	Unit coordinator

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