Module Information

Module Identifier
EC10320
Module Title
Economic Principles and Skills 2
Academic Year
2014/2015
Co-ordinator
Dr Md Shafiul Azam
Semester
Semester 2
Co-Requisite
MA13610 (unless exempted)
Mutually Exclusive
EC10610
Other Staff
 

Course Delivery

Delivery Type Delivery length / details
Lecture 22 Hours.
Seminars / Tutorials 10 Hours.
 

Assessment

Assessment Type Assessment length / details Proportion
Semester Exam 2 Hours   Unseen written examination  70%
Semester Assessment Assessment 1  10%
Semester Assessment Assessment 2  10%
Semester Assessment Tutorial attendance and completion of prescribed exercises  10%
Supplementary Exam 2 Hours   Unseen written examination  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 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.

* 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.

Aims

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.

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

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

Notes

This module is at CQFW Level 4