Skip to main content

Unit information: Economics in 2023/24

Unit name Economics
Unit code EFIMM0108
Credit points 20
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Dogan
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

None

Units you must take alongside this one (co-requisite units)

None

Units you may not take alongside this one

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Unit Information

This aim of this course is to provide an analytical introduction to the core concepts of microeconomics and macroeconomics. It studies the decisions of individual economic agents and covers behaviour in goods and labour markets highlighting the role of government and policy makers. Using real-world case studies, the unit provides an introduction to current domestic and foreign economic shocks, the basic ideas in game theory and in firm behaviour. The course analyses and interprets economic models which are used to understand key issues in economics.

Topics to be covered include:

  • Choice, preference and utility
  • Game theory
  • Industrial strategies
  • Labour market
  • Goods and financial market
  • Monetary and fiscal policy

Your learning on this unit

Upon completion this unit, students will be able to:

  1. Describe, explain and interpret basic economic models and their results.
  2. Develop powers of inquiry, critical analysis and logical thinking, and their

ability to apply theoretical knowledge in economics through a project that
requires both technical and narrative skills.

  1. Synthesise information from a variety of sources (lectures, databases

and textbooks).

  1. Work effectively and independently to analyse simple theoretical

approaches in the field of economics.

How you will learn

Teaching will be delivered through a combination of large and small group classes, supported by online resources.

Formative exercises: Weekly homework exercises.

How you will be assessed

Tasks which count towards your unit mark (summative):

Exam (2 hours) (100%)

Assesses all learning outcomes

When assessment does not go to plan

Exam (2 hours)

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0108).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the University Workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

Feedback