Module description
What is the module about?
This module has been designed to provide students with an introduction to a range of important concepts, theories and principles that underpin the study of economics. Lectures take the form of lectures, case studies, and problem-solving exercises.
The aims of the module are to:
• Provide students with an introduction to a number of essential economic concepts, principles and models.
• Explain the functioning of markets, demand, supply, and government economic policies.
• Provide students with some analytical tools to tackle economic problems.
Provisional Lecture Outline
Lecture 1 Introduction - The Economic Problem
Lecture 2 The Market
Lecture 3 Background to Demand
Lecture 4 Background to Supply
Lecture 5 Market Structure
Lecture 6 The National Economy
Lecture 7 Unemployment and Inflatio
Lecture 8 Fiscal and Monetary Policy
Lecture 9 Globalisation and International Trade
Lecture 10 Balance of Payment and Exchange Rates
Assessment details
70% Examination
30% Mid-term test
The format of the examination has not yet been confirmed. All students will be expected to sit any remote exams in January, but semester 1 only students will be set an alternative assessment or sit the exam remotely in lieu of any in-person exams.
Teaching pattern
Weekly Lecture
Weekly Tutorial
Suggested reading list
Key text or background reading
Sloman, J., Guest. and Garratt, D (2022), Economics. (11th Edition), Pearson
Earlier editions OK.
Begg, D., Fischer, S., Dornbusch, R and Vernasca, G. (2011) Economics. 10th Edition London: McGrawHill.
Lipsey, R. and Chrystal, A, (2015) Economics. 13th Edition. Oxford: Oxford · University Press
Mankiw, N. G. and Taylor, M. P. (2014) Economics. 3rd edition. Cengage Learning.
Parkin, M., Powell, M. and Matthews, K. (2014) Economics. 7th Edition. Oxford: Addison Wesley.
Perloff, J. (2016) Microeconomics. 7th Edition (Global Edition). Harlow: Pearson Education Ltd