Module Information
Course Delivery
Delivery Type | Delivery length / details |
---|---|
Lecture | 22 Hours. |
Seminars / Tutorials | 10 Hours. |
Assessment
Assessment Type | Assessment length / details | Proportion |
---|---|---|
Semester Assessment | Assessment 1 | 10% |
Semester Assessment | Assessment 2 | 10% |
Semester Assessment | Tutorial attendance and completion of prescribed exercises | 10% |
Semester Exam | 2 Hours Unseen written examination | 70% |
Supplementary Exam | 2 Hours | 100% |
Learning Outcomes
On successful completion of this module students should be able to:
- Understand how markets coordinate economic activity and produce equilibrium prices and quantities;
* How to evaluate market outcomes for policy purposes;
* The mutual benefit from trade between individuals and between countries.
* They will also acquire an understanding of the main determinants of macroeconomic (aggregate) economic activity, its principal measures and how it changes over time.
* Students will also develop an understanding of the courses of inflation and unemployment.
* The module will help students acquire specific transferable skills.
* 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.
* The learning experience will encourage students to reflect on ideas and thoughts.
Aims
To introduce students to the principles underlying economics, using illustrations from the study of markets and the macroeconomy.
Brief description
Content
- Introductory Microeconomics
- What is Economics?
- Demand and Supply
- Government Intervention in Markets
- Measuring the Efficiency of Markets
- Goods which Impose Costs on Others
- The Tax System
- Introductory Macroeconomics
- Measuring Economic Activity
- The Determinants of Macroeconomic Acitivity
- Inflation, Deflation and Unemployment
Reading List
N G Mankiw (2004) Principles of Economics, 3rd edition Thomson Primo search J Sloman (2000) Economics 4th edition Prentice Hall Primo search K E Case, R C Fair, M Gartner and K Heather (1999) Economics 2nd edition Prentice Hall Primo search R Frank and B Bernanke (2004) Principles of Economics 2nd edition McGraw Hill Primo search
Notes
This module is at CQFW Level 4