Last modified: 19 Dec 2023 15:16
The course is an introduction to Economics and aims to develop an understanding of the economics of the markets at a microeconomic level and the economy at the macroeconomic level. It will include the study of the behaviour of economic agents such as consumers, workers, households, firms, central banks and governments. It seeks to investigate how objectives such as utility, social welfare, profits, GDP and growth are pursued. The course allows students to acquire skills in positive analysis to gain a deeper understanding of the factors determining trade in markets, whilst also start to develop some of the normative analytical policy tools, with attention given to optimal industry specific, monetary and fiscal policy recommendations.
| Study Type | Undergraduate | Level | 1 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Offshore | Sustained Study | No |
| Co-ordinators |
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The course is an introduction to Economics and aims to develop an understanding of the economics of the markets at a microeconomic level and the economy at the macroeconomic level. It will include the study of the behaviour of economic agents such as consumers, workers, households, firms, central banks and governments. It seeks to investigate how objectives such as utility, social welfare, profits, GDP and growth are pursued. The course allows students to acquire skills in positive analysis to gain a deeper understanding of the factors determining trade in markets, whilst also start to develop some of the normative analytical policy tools, with attention given to optimal industry specific, monetary and fiscal policy recommendations.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 70 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
2-hour Exam |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Summative | Weighting | 30 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
2 x MCQ Tests (15% each) |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
2-hour Exam |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Factual | Remember | ILOs for this course may be found in the course guide |
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