Module Information
Course Delivery
| Delivery Type | Delivery length / details |
|---|---|
| Lecture | 22 Hours. |
| Seminars / Tutorials | 5 Hours. |
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Exam | 2 Hours | 100% |
| Supplementary Assessment | 2 Hours | 100% |
Learning Outcomes
On successful completion of the module students will understand how markets co-ordinate economic activity and produce equilibrium prices and quantities; how to evaluate market outcomes for policy purposes; and the mutual benefit from trade between individuals and between countries. They will also be able to explain and utilise principles of optimising behaviour by households and firms, and the effects of alternative market structures.
Aims
To introduce students to the principles underlying economics using illustrations from the study of indivdual markets.
Brief description
This module introduces students to the fundamental principles underlying microeconomics and macroeconomics, providing key analytical concepts for students of business, management, and other degree schemes in which an appreciation of economic perspectives is valuable.
Content
Demand and Supply
Government Intervention in Markets
Measuring the Efficiency of Markets
Goods which Impose Costs on Others
The Tax System
Consumer Choice
Producer Choice
Different Market Structures
Goods where Consumption is Non-Rival
General Equilibrium and Economic Efficiency
Reading List
Should Be PurchasedLipsey, R G and K A Chrystal (2007) Economics 11th Edition Oxford University Press Primo search Supplementary Text
Case, K E and R C Fair (2007) Principles of Economics 8th Edition Prentice Hall Primo search Krugman, Wells (2006) Economics Primo search Mankiw, N G (2004) Principles of Economics 3rd Edition Thomson Primo search Mankiw, N G and Taylor (2006) Economics European Edition Thomson Primo search
Notes
This module is at CQFW Level 4