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Module Title LC Principles of Economics A
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 11095
Module Lead Dr Daniela Raeva-Beri
Level Certificate Level
Credits 10
Semester Full Term
Pre-requisites
Co-requisites LC Principles of Economics B - (08 11096)
Restrictions Open to students outside the Department of Economics (require A Level Economics grade C or above).
Contact Hours Lecture-20 hours
Seminar-5 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-75 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions
Description

This linked module provides an introduction to economics for students taking a degree in which economics is a major component. The main purpose is to equip students with knowledge of main economic concepts, theories and principles and basic tools and methods of economic analysis. The modules are designed to provide a reasonably complete perspective, at an introductory level, of microeconomics and macroeconomics. The microeconomic part (semester 1) explores the standard analytical frameworks used to examine concepts such as consumer preferences, optimal choice, firms' costs and production decisions, demand and supply, market structures, market failure etc. The macroeconomic part (semester 2) deals with the main macroeconomic variables (GDP, inflation, unemployment) and their measurement, and basic macroeconomic theory including models of short-run and long-run aggregate demand and supply, and economic growth.

Learning Outcomes

On successful completion of these linked modules students should be able to:

  • demonstrate knowledge and understanding of basic concepts, theories and models in economics;
  • apply the appropriate methods of analysis to specified economic situations and problems;
  • interpret economic information presented in written, numerical and graphical form
Assessment 11095-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (80%)
11095-03 : Assignment 1 : Coursework (10%)
11095-04 : Assignment 2 : Coursework (10%)
Assessment Methods & Exceptions 2 assignments (1,000 words each) (10% each),
3-hour written unseen examination (80%).
Reassessment: 3-hour written unseen examination (100%)
Other none
Reading List