Module Information
Course Delivery
Assessment
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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
Notes
This module is at CQFW Level 4