Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| Introductory Economics | |||
| Reference | BS1109 | Version | 9 |
| Created | March 2024 | SCQF Level | SCQF 7 |
| Approved | July 2019 | SCQF Points | 15 |
| Amended | March 2024 | ECTS Points | 7.5 |
| Aims of Module | |||
|---|---|---|---|
| To provide students with a basic understanding of economic principles and concepts, and to introduce them to economic analysis in the private, public, national and international sectors. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Explain the basic terminology, principles, theories and models in both micro and macroeconomics. |
| 2 | Apply economic principles, theories and models in order to understand the basic working of markets, national economies and international trade. |
| 3 | Evaluate these economic principles, theories and models in relation to business situations and the economy, including focus on sustained and inclusive per capita GDP and decent work for all. |
| Indicative Module Content |
|---|
| The basic economic problems of scarcity and choice; opportunity cost; the market model in equilibrium and disequilibrium; costs, revenue and profit maximisation; theory of the firm under different market structures; role of government in the economy; aggregate demand and economic management; macroeconomic issues; introduction to international trade theory and practice. |
| Module Delivery |
|---|
| This module is lecture-based with weekly tutorials. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | 36 | N/A |
| Non-Contact Hours | 114 | N/A |
| Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
| TOTAL | 150 | N/A |
| Actual Placement hours for professional, statutory or regulatory body |
| ASSESSMENT PLAN | |||||
|---|---|---|---|---|---|
| If a major/minor model is used and box is ticked, % weightings below are indicative only. | |||||
| Component 1 | |||||
| Type: | Coursework | Weighting: | 50% | Outcomes Assessed: | 1 |
| Description: | Timed Coursework: Class Tests | ||||
| Component 2 | |||||
| Type: | Examination | Weighting: | 50% | Outcomes Assessed: | 2, 3 |
| Description: | Closed book examination | ||||
| MODULE PERFORMANCE DESCRIPTOR | ||||||||
|---|---|---|---|---|---|---|---|---|
| Explanatory Text | ||||||||
| The calculation of the overall grade for this module is based on 50% weighting of C1 and 50% weighting of C2 components. An overall minimum grade D is required to pass the module. | ||||||||
| Coursework: | ||||||||
| Examination: | A | B | C | D | E | F | NS | |
| A | A | A | B | B | C | E | ||
| B | A | B | B | C | C | E | ||
| C | B | B | C | C | D | E | ||
| D | B | C | C | D | D | E | ||
| E | C | C | D | D | E | E | ||
| F | E | E | E | E | E | F | ||
| NS | Non-submission of work by published deadline or non-attendance for examination | |||||||
| Module Requirements | |
|---|---|
| Prerequisites for Module | None. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 1 | BEGG, D., VERNASCA, G., FISCHER, S. and DORNBUSCH, R. 2020. Economics. 12th ed. London: McGraw-Hill. |
| 2 | GRIFFITHS, A. and S. and WALL, K., 2012. Applied Economics. 12th ed. Harlow : Financial Times Prentice Hall. |
| 3 | MANKIW, N.G. and TAYLOR, M.P., 2023. Economics. 6th ed. Andover, Hampshire: Cengage. |
| 4 | SLOMAN, J., GARRATT, D and GUEST, J. 2022. Economics. 11th ed. Harlow: Pearson. |
| 5 | PARKIN, M., POWELL, M. and MATTHEWS, K. 2022. Economics. 11th ed. Upper Saddle River: Pearson |