| Unit name | Essentials of Economics 1 |
|---|---|
| Unit code | ECON10012 |
| Credit points | 20 |
| Level of study | C/4 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| 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) |
ECON10008 Introductory Mathematics for Economics |
| Units you may not take alongside this one |
None |
| School/department | School of Economics |
| Faculty | Faculty of Arts, Law and Social Sciences |
Why is this unit important?
This unit provides an analytical introduction to the core concepts and tools of modern micro and macroeconomics. You will learn the role economic analysis can play in understanding different dimensions of modern economies and societies in general.
How does this unit fit into your programme of study?
After studying this unit, you will have the appropriate foundational economics knowledge in order to successfully, and without undue difficulties, master more advanced units in subsequent years.
Overview of content
In this unit, you will be introduced to micro and macroeconomic concepts used by economists to understand individual behaviour, the actions of firms, national and international economic changes, and how institutions and policy can shape these outcomes for society. It discusses when markets can successfully organise economic activity and the circumstances in which they may fail to do so.
The unit draws on empirical data, graphical and mathematical models and you will use these to analyse and discuss relevant economic questions and ideas, as well as how to communicate them to specialist and non-specialist audiences.
How will students, personally, be different as a result of the unit
This unit provides the core foundation for the micro and macroeconomics that you will build upon in subsequent units, including those in the second and final year of the undergraduate programme.
Learning Outcomes
By the end of this unit, you 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):
Tasks which count towards your unit mark (summative):
When assessment does not go to plan:
If students fail the unit such that credit points cannot be awarded at the first attempt, they will normally be provided reassessment in the failed element(s).
The reassessment tasks will be:
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. ECON10012).
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 assessment methods listed in this unit specification are designed to enable students to demonstrate the named learning outcomes (LOs). Where a disability prevents a student from undertaking a specific method of assessment, schools will make reasonable adjustments to support a student to demonstrate the LO by an alternative method or with additional resources.
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.
