| Unit name | Economics |
|---|---|
| Unit code | ECONM0029 |
| 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 |
Why is this unit important?
Microeconomics and macroeconomics play key roles in understanding the strategic challenges facing modern businesses and organisations operating in competitive national and global markets. This unit provides an analytical introduction to the core concepts of microeconomics and macroeconomics.
How does this unit fit into your programme of study?
The techniques and concepts covered in this unit are useful for all the core disciplines of the programme: Economics, Finance, and Management.
An overview of content
The unit 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:
How will students, personally, be different because of the unit?
The students will be equipped with knowledge about the core concepts of microeconomics and macroeconomics, and will be able to apply this knowledge to understand national and global markets.
Learning Outcomes
Upon completion this unit, students will be able to:
The Economics unit is delivered via a combination of live lectures, live tutorial classes and readings. Online readings and additional notes are important resources for introducing and giving context to the fundamental concepts covered. You can draw on these resources throughout the unit to ensure you have a complete understanding of the content. Live engagement in tutorial sessions will allow you to critically evaluate the fundamental concepts together with your peers. It is important to prepare in advance for all sessions.
Tasks which help you learn and prepare you for summative tasks (formative):
There are two multiple choice question tests (online on Blackboard) that are formative (do not count towards your final mark).
Tasks which count towards your unit mark (summative):
Examination (2 hours) (100%) covering ILOs 1-4. The exam has two sections.
1. Section A: Technical and interpretive questions on the microeconomic content
2. Section B: Technical and interpretive questions on the macroeconomic content
When assessment does not go to plan
When a student fails the unit and is eligible to resubmit, failed components will be reassessed on a like-for-like basis.
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. ECONM0029).
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.
