|Prerequisites for Module|
None in addition to SCQF 7 entry requirements or equivalent.
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:
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. The theory of the firm under different market structures. The role of the government in the economy. Aggregate demand and economic management. Macroeconomic issues. An introduction to international trade theory and practice.
Indicative Student Workload
|Mode of Delivery|
This module is lecture-based with weekly tutorials. Course materials are delivered via the Vitual Campus.
Component 1 provides an element of formative assessment, tests held during the tutorials.
Component 2 is a written examination covering all aspects of the module.