ECO1017 : Introductory Economics
ECO1017 : Introductory Economics
- Offered for Year: 2024/25
- Module Leader(s): Dr Ian Corrick
- Demonstrator: Mr Cafer Deniz
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Pre Requisite Comment
None
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
None
Aims
To introduce basic concepts in economics to students not progressing to study degree in economics.
Outline Of Syllabus
Demand and Supply; Market Structure, Input markets; Welfare; Governing the Market;
Aggregate demand and supply; Money and interest rates; inflation and unemployment;
Open economy; Business Cycles
Learning Outcomes
Intended Knowledge Outcomes
Basic understanding of Microeconomics and Macroeconomics concepts.
Intended Skill Outcomes
Ability to apply economics concepts to analyze a range of problems and issues.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Structured Guided Learning | Lecture materials | 2 | 1:00 | 2:00 | pre-recorded, (1 S1, 1 S2) |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | time for students to complete formative and summative coursework&assessments |
| Scheduled Learning And Teaching Activities | Lecture | 27 | 1:00 | 27:00 | PIP lectures (13 S1, 14 S2) |
| Guided Independent Study | Directed research and reading | 1 | 66:00 | 66:00 | estimated based on 3 hours per teaching week |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PIP seminars (3 S1, 3 S2) |
| Guided Independent Study | Independent study | 1 | 39:00 | 39:00 | balance to equal 200 overall |
| Total | 200:00 |
Jointly Taught With
| Code | Title |
|---|---|
| ECO1090 | Introductory Economics (Study Abroad S2) |
Teaching Rationale And Relationship
Lectures provide overview. Small group classes support learning through exercises and opportunity for discussion.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 120 | 2 | A | 100 | N/A |
Exam Pairings
| Module Code | Module Title | Semester | Comment |
|---|---|---|---|
| Introductory Macroeconomics | 2 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | In one seminar students will discuss a planned answer to a mock exam question |
| Prob solv exercises | 2 | M | In one seminar students will discuss a planned answer to a mock exam question |
Assessment Rationale And Relationship
Multiple-choice questions test breadth of knowledge.
Short answers show depth over a range of topics.
In the case of an alternative semester 2 assessment (worth 100% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO1017's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- ECO1017's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.