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Module titleEconomics
Module codeINT0059
Academic year2021/2
Module staff

Emdad Aziz (Convenor)

Duration: Term123
Duration: Weeks



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

  • 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 ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activities (Synchronous)60Lecture (synchronous) Seminars – these will be teacher led. You should prepare for each seminar based on the related lecture.
Formative Assessed Activities (Asynchronous)30Working on problem-solving activities, economic case studies and online activities
Guided Independent Study210ELE resources consisting of directed research activities, business case studies, problem solving


Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Class tests, case studies and problem solving activities1-2 hours1-9Answers on ELE, marked work from teacher Verbal feedback
Online tests1-2 hours1-3, 8, 9Answers and automatic, computer generated feedback and marks

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Micro-Economic - Individual Report301500 words1, 3, 5, 6, 9Feedback, examiner report, individual feedback on request
Macro-Economics Paired Work Presentation20Individual presentation (10 minutes per group member including examiner questions)2, 4-7Feedback, examiner report, group feedback on request
Written Examination (open book)502 hour exam paper1, 2, 5, 8Performance outcomes


Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Written Examination (open book)2 hour exam paper1-9Next 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.


Indicative learning resources - Basic reading

Essentials of Economics (8th Edn.) Sloman, J. & Garratt, D. Pearson

Indicative learning resources - Web based and electronic resources

Module has an active ELE page

Indicative learning resources - Other resources

  • Electronic case studies
  • Economic data
  • Online resources

Key words search

Financial accounting, management accounting, finance

Credit value30
Module ECTS


Module pre-requisites


Module co-requisites


NQF level (module)


Available as distance learning?


Origin date


Last revision date