Module Identifier EC10320  
Academic Year 2007/2008  
Co-ordinator Mr Oliver Marnet  
Semester Semester 2  
Other staff Mr Xin Zhang, Mr Nicholas Perdikis  
Co-Requisite MA12610 , MA13610 (unless exempted)  
Mutually Exclusive EC10610  
Course delivery Lecture   22 Hours.  
  Seminars / Tutorials   10 Hours.  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  80%
Semester Assessment Two assessments 10% each20%
Supplementary Exam2 Hours  100%

Learning outcomes

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.

The module will help students to acquire specific transferable skills. By attending lectures students will improve on their ability to digest information delivered in real time and take notes. 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 they will enhance their research and IT skills. The learning experience will encourage students to reflect on ideas and thoughts.


To extend students' (taking single, major or joint honours Economics) understanding of the principles underlying economics introduced in EC10120.

Brief description

This module builds on the fundamental principles underlying mocroeconomics 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
Consumer Choice
Producer Choice
Different Marekt 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 Lists

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


This module is at CQFW Level 4