| 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 |
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:
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.
3. Execute, implement, infer and criticise economic concepts through challenging multiple-choice questions restricted by time.
4. Synthesise information from a variety of sources (lectures, databases and textbooks).
5. Work effectively and independently to analyse simple theoretical approaches in the field of economics.
Teaching will be delivered through a combination of large and small group classes, supported by online resources
Tasks which help you learn and prepare you for summative tasks (formative):
Weekly homework exercises.
Tasks which count towards your unit mark (summative):
Exam, 2 hours. Worth 70% of unit mark. Assesses ILOs 1, 2, 4 and 5.
2 x MCQ tests, worth 15% of unit mark each. Assesses ILOs 1 and 3.
When assessment does not go to plan
Exam, 2 hours. Assesses ILOs 1-5.
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 Faculty 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. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
