Year:11/12
Department:Economics
Level:Part I
Learning Hours:400
Credit Points:40
Weight:1
Course Convenor:Professor R Simmons
Status:Live
Assessment Rules
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Curriculum Design: Outline Syllabus
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1. Microeconomics (Weeks 1-12):
a. The Economists’ Approach
b. Market equilibrium
c. Consumer choice
d. Cost and production
e. Perfect competition
f. Monopoly
g. Imperfect competition
h. Factor markets
i. Market failure
2. Macroeconomics (Weeks 13-24):
a. Introduction to Macroeconomics
b. Consumption and investment
c. Money demand and money supply
d. IS-LM analysis
e. Aggregate demand, aggregate supply and unemployment
f. The Phillips curve
g. Monetarism
h. Balance of payments and exchange rates
i. Central banks and interest rates
Revision (Week 25) Curriculum Design: Pre-requisites/Co-requisites/Exclusions
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GCSE Maths and English at grade B
Econ 224/225 cannot be taken in subsequent years Educational Aims: Subject Specific: Knowledge, Understanding and Skills
back to topTo provide a thorough introduction to the discipline of economics, including a descriptive and analytical overview of the workings of a modern economy both at the microeconomic level of firms and individuals and at the macroeconomic level where aggregates such as national income, unemployment and inflation are the focus of attention.
Educational Aims: General: Knowledge, Understanding and Skills
back to top By the end of this course students should be able to:
- Engage in abstract thinking by extracting the essential features of complex systems to facilitate problem solving and decision making
- Bring a range of modelling frameworks to bear upon the analysis of public-, corporate- and commercial-policy problems
- Plan and manage their time effectively in relation to deadlines whilst displaying individual initiative and enterprise
- Demonstrate a logical argument, analyse and interpret data and evaluate alternative perspectives on the basis of objective reasoning
- Communicate and present complex arguments in oral and written form with clarity and succinctness
- Work effectively both individually and within a team environment
Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills
back to topOn successful completion of this module students will be able to achieve the educational aims stated above.
Learning Outcomes: General: Knowledge, Understanding and Skills
back to topOn successful completion of this module students will be able to achieve the educational aims stated above.
Assessment: Details of Assessment
back to topThe Coursework element is made up of four tests. Two tests are multiple-choice tests, and two tests are timed essays. If students complete all four tests at an average mark of 60% or above, they are exempt from the final exam, and the average test mark is the final mark. If students get below 60% average in the tests, they will have to take the 3-hour final exam, and in this case the tests are worth in total 40%, and the final exam 60%.
Curriculum Design: Select Bibliography
back to topJ. Sloman and A. Wride, Economics, 7th edition (2009), Pearson.
Curriculum Design: Single, Combined or Consortial Schemes to which the Module Contributes
back to topEconomics, Business Economics, Business Economics/Placement, all joint degrees with Economics. Available as a minor to students who meet the required pre-requisites.
