This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2016-2017 (archived)
Module ECOS1031: INTRODUCTION TO ECONOMICS
Department: Business School (Economics and Finance) [Queen's Campus, Stockton]
ECOS1031: INTRODUCTION TO ECONOMICS
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 1 | 20 | Available in 2016/2017 | Queen's Campus Stockton |
Tied To
- N200: Business (see Undergraduate Handbook 2014-2015 for details)
- N305: Finance
- N306: Finance with Business Placement
- N307: Finance with Study Abroad
- N420: Business Finance
- NN43: Accounting and Finance
Pre-requisites
- None
Corequisites
- None
Excluded Combinations
- None.
Aims
- To introduce the basic principles of economics.
- To provide a sound foundation for second year core modules in Micro- and Macroeconomics.
Content
- Economic principles, methodology and model building.
- Demand, supply and price determination.
- Efficiency and government interventions in domestic and global markets.
- Consumer theory: households' choices.
- Producer theory: production decisions.
- Market structures.
- The macroeconomic environment.
- Aggregate demand and supply analysis.
- Determinants of investment.
- The role of money and interest rates.
- Fiscal and monetary policies.
- Economic growth.
Learning Outcomes
Subject-specific Knowledge
- understand the basic principles by which prices are determined and under which markets operate, the key macro-economic variables, and the basic theories relating to their determination.
Subject-specific Skills
- have practised problem solving and analytical skills
Key Skills
- Planning, organisation and time management - by preparing work for classes, and by preparing for and undertaking the summative assessment.
- Written communication - by formative and summative assessment.
- Problem solving - by applying core mathematical skills to answer a range of problems.
- Computer Literacy and information retrieval - by accessing, and downloading teaching material from DUO; using e-mail to communicate with lecturers and others on the module; undertaking bibliographical search and information retrieval; and accessing the web-site that accompanies the module core text.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Teaching is by lectures and tutorials. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes, and private study. Formative assessment is by two 1500 word essays. Summative assessment is by means of a written examination.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| Lectures | 20 | Weekly | 2 hours | 40 | |
| Tutorials | 10 | every second week | 1 hour | 10 | Yes |
| Preparation and Reading | 150 | ||||
| Total | 200 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 100% | One written examination | 2 hours 30 mins | 100% | same |
Formative Assessment
Two 1500-word essays
Students who do not attend monitored activities shown under Teaching Methods
and Learning Hours, or who fail to complete the summative or formative
assessment(s) specified above, may be subject to the Academic Progress
procedures defined in the University's General Regulation V, and may be
required to leave the University.