Durham University
Programme and Module Handbook

Undergraduate Programme and Module Handbook 2022-2023 (archived)

Module ACCT1127: Economics for Accounting

Department: Accounting

ACCT1127: Economics for Accounting

Type Tied Level 1 Credits 10 Availability Not available in 2022/23 Module Cap None. Location Durham
Tied to N408
Tied to N409


  • None


  • None

Excluded Combination of Modules

  • None


  • To introduce the basic principles of microeconomics and macroeconomics.


  • Fundamental issues in economics.
  • Basic principles of microeconomics: consumers in the marketplace; firms in the marketplace; markets in action; market structure and firm performance; strategic rivalry; growth strategies; governing business.
  • Basic principles of macroeconomics: introduction to macroeconomy; measuring macroeconomic variables and policy issues; exchange rates and the balance of payments; globalisation; expenditure and fiscal policy; money, banking and interest; inflation, unemployment, output and economic policy, supply side policies and economic growth.

Learning Outcomes

Subject-specific Knowledge:
  • On completion of this module students should be able to:
  • Understand the basic principles of economics.
  • Able to apply economic frameworks to the analysis of decision making by producers and/or consumers.
  • Able to construct and explain fundamental macro-economic models and interrelationships and how they are affected by change.
Subject-specific Skills:
  • On completion of this module students should be able to:
  • Explain key theories in microeconomics.
  • Explain key theories in macroeconomics.
  • Use appropriate techniques for economic analysis.
  • Use critical thinking skills to apply knowledge from an international perspective.
  • Apply principles learnt to real life situations.
Key Skills:
  • Planning, organisation and time management
  • Written communication
  • Problem solving
  • Computer literacy and information retrieval

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminar classes, and independent study.
  • Formative assessment is by completion of a practice test.
  • Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 18 2 per week 1 hour 18
Seminars 4 Fortnightly 1 hour 4
Revision Lecture 1 Once 2 hours 2
Preparation, Reading and Independent Study 76
Total 100

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Written examination 2 hours 100% Same

Formative Assessment:

Practice test

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