This module is not currently running in 2022 to 2023.
This module introduces students to the introductory principles of microeconomics and macroeconomics, and the application of economic models to explain economic phenomena. It is designed to expose the main ways in which economists think about problems and to consider important current economic issues in the United Kingdom, the European Union and the world economy. The module assumes no previous knowledge of the subject.
This module introduces students to the introductory principles of microeconomics and macroeconomics, and the application of economic models to explain economic phenomena. It is designed to expose the main ways in which economists think about problems and to consider important current economic issues in the United Kingdom, the European Union and the world economy. The module assumes no previous knowledge of the subject.
The module covers a range of microeconomic and macroeconomic issues each of which is explained, analysed and then discussed with applications relevant to the real world. The application of economics to contemporary issues illustrates how economic analysis and models can be used to understand the different parts of the economy and to inform and evaluate policy interventions that support a range of different economic outcomes.
The module is self-contained to provide a basic understanding of economic methods and debates. It is a suitable primer for further modules that can be taken in economics, either as part of another degree programme or as part of a future professional qualification.
Total contact hours: 60 hours
Private study hours: 240
Total study hours: 300
Compulsory for all students on Accounting and Finance degrees (except those on a joint degree with Economics). Available as a wild module for students within all Faculties.
20% Coursework, as follows:
Essay 1 (500 words) (10%)
Essay 2 (500 words) (10%)
Examination, 3 hours (80%)
Richard Lipsey and Alex Chrystal, Economics, Oxford University Press, 13th ed, 2015
Michael Parkin, Melanie Powell and Kent Matthews, Economics, Addison-Wesley, Pearson Education, 8th ed, 2012
See the library reading list for this module (Canterbury)
See the library reading list for this module (Medway)
By the end of the module, you will be able to:
* demonstrate introductory knowledge and understanding of the basic principles of economics.
* identify key concepts and economic methods used within the study of economics.
* apply relevant knowledge and understanding of economics to contemporary issues and debates
* demonstrate analytical, graphical and numerical skills to address economic problems
* utilise and solve simple economic models that explain economic behaviour and phenomena
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