Description
Economics
Module title | Economics |
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Module code | INT0059 |
Academic year | 2020/1 |
Credits | 30 |
Module staff |
Duration: Term | 1 | 2 | 3 |
---|---|---|---|
Duration: Weeks | 13 | 13 |
Description - summary of the module content
Module description
This economics module introduces you to economic concepts enabling you to think about the world differently, helping you to make sense of the decisions people, businesses and governments take, this makes economics relevant to everyone, whether you intend to use this as a basis for future study or are studying this module out of interest, The lectures aim to introduce the theoretical concepts and procedures of both micro-economics and macro-economics. Seminars will enable a student to apply their knowledge to explore economic case studies and analyse economic data.
Module aims - intentions of the module
The aim of this module is to provide an introduction to core concepts of micro-economics and macro-economics. You will be supported to apply knowledge to analyse economic situations, both micro and macro.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Demonstrate an awareness of basic micro-economic concepts about scarce resources and choices that must be made in societies
- 2. Demonstrate an awareness of basic macro-economic theories and policy in relation to the economy as a whole
- 3. Demonstrate an awareness of different market structures
- 4. Gain an understanding of different economic systems
- 5. Demonstrate use of economic terminology and techniques to solve problems
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 6. With guidance, analyse, synthesise micro-economic and macro-economic data
- 7. Demonstrate awareness of a range of economic policies and their impact
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 8. Developing confidence with numerical procedures
- 9. Communicating information effectively using written communication and relevant diagrams
Syllabus plan
Syllabus plan
- Introduction Economic Issues
- Micro-economics – Markets, demand and supply
- Micro-economics – Markets in Action
- Micro-economics – The supply decision
- Micro-economics – Market structures
- Macro-economics – Aggregate demand and the business cycle
- Macro-economics – Aggregate supply and economic growth
- Macro-economics – The financial system, money and interest rates
- Macro-economics Output, unemployment and inflation
- Macro-economics Macroeconomic policy
- Macro-economics Balance of payments and exchange rates
Learning and teaching
Learning activities and teaching methods (given in hours of study time)
Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
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90 | 210 | 0 |
Details of learning activities and teaching methods
Category | Hours of study time | Description |
---|---|---|
Scheduled Learning and Teaching Activities (Synchronous) | 60 | Lecture (synchronous) Seminars these will be teacher led. You should prepare for each seminar based on the related lecture. |
Formative Assessed Activities (Asynchronous) | 30 | Working on problem-solving activities, economic case studies and online activities |
Guided Independent Study | 210 | ELE resources consisting of directed research activities, business case studies, problem solving |
Assessment
Formative assessment
Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|
Class tests, case studies and problem solving activities | 1-2 hours | 1-9 | Answers on ELE, marked work from teacher Verbal feedback |
Online tests | 1-2 hours | 1-3, 8, 9 | Answers and automatic, computer generated feedback and marks |
Summative assessment (% of credit)
Coursework | Written exams | Practical exams |
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50 | 50 | 0 |
Details of summative assessment
Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|---|
Micro-Economic - Individual Report | 30 | 1500 words | 1, 3, 5, 6, 9 | Feedback, examiner report, individual feedback on request |
Macro-Economics Paired Work Presentation | 20 | Individual presentation (10 minutes per group member including examiner questions) | 2, 4-7 | Feedback, examiner report, group feedback on request |
Written Examination (open book) | 50 | 2 hour exam paper (4 hours within a fixed window in 24 hours) | 1, 2, 5, 8 | Performance outcomes |
Re-assessment
Details of re-assessment (where required by referral or deferral)
Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
---|---|---|---|
Written Examination (open book) | 2 hour exam paper (4 hours within a fixed window in 24 hours) | 1-9 | Next assessment opportunity |
Re-assessment notes
Deferral – if you miss an assessment for reasons judged legitimate by the Mitigation Committee, the applicable assessment will normally be deferred. See ‘Details of re-assessment’ for the form that assessment usually takes. When deferral occurs there is ordinarily no change to the overall weighting of that assessment.
Referral – if you have failed the module overall (ie a final overall mark of less than 40% achieved) you will be required to take a re-sit exam (open book). Only your performance in this exam will count towards your final module grade. A grade of 40% will be awarded if the examination is passed.
Resources
Indicative learning resources - Basic reading
Essentials of Economics (8th Edn.) Sloman, J. & Garratt, D. Pearson
Module has an active ELE page
Indicative learning resources - Other resources
- Electronic case studies
- Economic data
- Online resources
Credit value | 30 |
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Module ECTS | 15 |
Module pre-requisites | N/A |
Module co-requisites | N/A |
NQF level (module) | 3 |
Available as distance learning? | Yes |
Origin date | 11/11/2020 |
Last revision date | 11/11/2020 |