| Delivery Type | Delivery length / details |
|---|---|
| Lecture | 22 Hours. |
| Seminars / Tutorials | 5 Hours. |
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Exam | 2 Hours | 100% |
| Supplementary Assessment | 2 Hours | 100% |
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 have acquired an understanding of the main determinants of macroeconomic (aggregate) economic activity, its principal measures and how it changes over time. Students will also have developed an understanding of the causes of inflation and unemployment.
To introduce students to the principles underlying economics using illustrations from the study of markets and the macroeconomy.
This module introduces students to the 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.
This module is at CQFW Level 4