|Delivery Type||Delivery length / details|
|Seminars / Tutorials||10 Hours.|
|Assessment Type||Assessment length / details||Proportion|
|Semester Assessment||Assessment 2||10%|
|Semester Assessment||Assessment 1||10%|
|Semester Assessment||Tutorial attendance and completion of prescribed exercises||10%|
|Semester Exam||2 Hours Unseen written examination||70%|
|Supplementary Exam||2 Hours Repeat Failed Elements or equivalent||100%|
On successful completion of this module students should be able to:
- Understand how markets coordinate economic activity and produce equilibrium prices and quantities;
* How to evaluate market outcomes for policy purposes;
* The mutual benefit from trade between individuals and between countries.
* They will also acquire an understanding of the main determinants of macroeconomic (aggregate) economic activity, its principal measures and how it changes over time.
* Students will also develop an understanding of the courses of inflation and unemployment.
* The module will help students acquire specific transferable skills.
* They will develop their ability to follow arguments and develop their logic and as a result improve on their capacity to see and solve problems.
* Essay writing and class work will help them to acquire time management, teamwork and presentational skills.
* Their numeracy will be enhanced by handling quantitative relationships and formulae through use of the library and internet.
* The learning experience will encourage students to reflect on ideas and thoughts.
To introduce students to the principles underlying economics, using illustrations from the study of markets and the macroeconomy.
- Introductory Microeconomics
- What is Economics?
- Demand and Supply
- Government Intervention in Markets
- Measuring the Efficiency of Markets
- Goods which Impose Costs on Others
- The Tax System
- Introductory Macroeconomics
- Measuring Economic Activity
- The Determinants of Macroeconomic Acitivity
- Inflation, Deflation and Unemployment
N G Mankiw (2004) Principles of Economics, 3rd edition Thomson Primo search J Sloman (2000) Economics 4th edition Prentice Hall Primo search K E Case, R C Fair, M Gartner and K Heather (1999) Economics 2nd edition Prentice Hall Primo search R Frank and B Bernanke (2004) Principles of Economics 2nd edition McGraw Hill Primo search
This module is at CQFW Level 4