|| EC10610 |
|| ECONOMIC PRINCIPLES 2 |
|| 2007/2008 |
|| Mr Oliver Marnet |
|| Semester 2 |
|| Professor Peter R Midmore, Mr Xin Zhang |
|| EC10320 |
| Course delivery
|| Lecture || 22 Hours. |
|| Seminars / Tutorials || 5 Hours. |
|Assessment Type||Assessment Length/Details||Proportion|
|Semester Exam||2 Hours ||100%|
|Supplementary Exam||2 Hours ||100%|
On successful completion of the module students will understand optimising behaviour by households and firms and the effects of alternative market structures. They will also have analysed the composition of the main macroeconomic aggregates and how they are measured - consumption, saving, foreign economic activity, government spending. They will also gain an appreciation of how taxation and monetary policy can influence economic activity and the nature and causes of unemployment and inflation. They will also be able to relate the impact of changes in macroeconomic activity on the business sector.
To consolidate students' understanding of the principles underlying economics, using further detailed illustrations from the study of markets and the macroeconomy.
This module builds on the fundamental principles underlying microeconomics and macroeconomics introduced to students in the prerequisite module. It develops key analytical concepts and consolidates the skills, knowledge and understanding required to work in management and business from a specialist perspective, for students taking single, major or joint honours Economics, Business Economics and Business Finance.
More on Microeconomics
Different Market Structures
Goods where Consumption is Non-Rival
General Equilibrium and Economic Efficiency
More on Macroeconomics
The Monetary System
Government and the Economy
The International Economy and the Domestic Economy
** General Text
R Frank and B Bernanke (2004) Principles of Economics
2nd edition. McGraw Hill
Sloman, John (2000.) Economics /John Sloman ; with the collaboration of Mark Sutcliffe.
4th ed.. FT Prentice Hall 0130853429
** Should Be Purchased
Begg, David (April 2008) Economics
9th ed.. McGraw-Hill College [Imprint] 9780077119669
Lipsey, Richard G. (2007.) Economics /Lipsey & Chrystal.
11th ed.. Oxford University Press 0199286418
** Recommended Text
K E Case, R C Fair, M Gartner and Heather, K (1999) Economics
2nd edition. Prentice Hall, Europe
N G Mankiw (2004) Principles of Economics
3rd edition. Thomson
This module is at CQFW Level 4