Gwybodaeth Modiwlau

Module Identifier
EC10610
Module Title
ECONOMIC PRINCIPLES 2
Academic Year
2012/2013
Co-ordinator
Professor Peter Midmore
Semester
Semester 2
Mutually Exclusive
EC10320
Other Staff
 

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   90%
Semester Assessment Tutorial attendance and completion of prescribed exercises  10%
Supplementary Exam 2 Hours   Repeat Failed Elements or equivalent  100%

Learning Outcomes

On successful completion of this module students should be able to:

* 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.

Aims

To consolidate students' understanding of the principles underlying economics, using further detailed illustrations from the study of markets and the macroeconomy.

Brief description

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.

Content

  • More on Microeconomics
  • Consumer Choice
  • Producer Choice
  • Different Market Structures
  • Goods where Consumption is Non-Rival
  • General Equilibrium and Economic Efficiency
  • More on Macroeconomics
  • Personal Consumption
  • The Monetary System
  • Government and the Economy
  • The International Economy and the Domestic Economy

Reading List

General Text
J Sloman (2000) Economics 4th edition Prentice Hall Primo search R Frank and B Bernanke (2004) Principles of Economics 2nd edition McGraw Hill Primo search Recommended Text
K E Case, R C Fair, M Gartner and Heather, K (1999) Economics 2nd edition Prentice Hall, Europe Primo search N G Mankiw (2004) Principles of Economics 3rd edition Thomson Primo search

Notes

This module is at CQFW Level 4