| Unit name | Economics |
|---|---|
| Unit code | ECON10001 |
| Credit points | 40 |
| Level of study | C/4 |
| Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
| Unit director | Dr. Johnson |
| 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?
This unit provides an analytical introduction to the core concepts and tools of modern economics. Starting from historical and cross-country comparisons, students will learn the role economic analysis can play in understanding different dimensions of modern economies.
The unit covers the behaviour of economic actors in the goods, labour and credit market and analyses how institutions and policy shape economic outcomes. It shows when markets can successfully organise economic activity and discusses under which circumstances they fail to do so. The unit will also study the determination of key economic variables such as GDP, unemployment, inequality and inflation as well as aspects of monetary and fiscal policy and the global economy.
The unit draws on empirical data, graphical and mathematical models as well as historically and methodologically informed narrative and students will use all of these to analyse and discuss relevant economic questions and ideas and communicate them to specialist and non-specialist audiences.
How does this unit fit into your programme of study?
After studying this unit, students will have the appropriate foundational economics knowledge in order to successfully, and without undue difficulties, master more advanced units in subsequent years.
Students will be able to:
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 work is ongoing throughout the course with opportunities for discussing the (typically weekly) problem sets. In each teaching block there is an opportunity to submit formative work for more formal feedback ahead of summative submission points.
Tasks which count towards your unit mark
When assessment does not go to plan
Reassessment will be through a single 90 minute examination.
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. ECON10001).
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.
