Undergraduate Programme and Module Handbook 2017-2018 (archived)

Module ECOS1031: INTRODUCTION TO ECONOMICS

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS1031: INTRODUCTION TO ECONOMICS

Type	Tied	Level	1	Credits	20	Availability	Available in 2017/18	Module Cap		Location	Queen's Campus Stockton

Tied to	NN43
Tied to	N302
Tied to	N304
Tied to	N305
Tied to	N306
Tied to	N307
Tied to	NN42
Tied to	N204
Tied to	N206

Prerequisites

None

Corequisites

None

Excluded Combination of Modules

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 (geometrical and analytical) 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 problem sets (one per term). Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	20	Weekly	2 hours	40
Tutorials	8	every second week	1 hour	8	■
Preparation and Reading				152
Total				200

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / duration	Element Weighting	Resit Opportunity
One written examination	2 hours 30 mins	100%	same

Formative Assessment:

Two problem sets (one per term)

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University