Available to incoming Study Abroad and Exchange students
Module Leader(s): Dr Marco Lorusso
Lecturer: Dr Ian Corrick
Owning School: Newcastle University Business School
Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value:
10
Semester 2 Credit Value:
10
ECTS Credits:
10.0
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
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)
Scheduled Learning And Teaching Activities
Lecture
27
1:00
27:00
PIP lectures (13 S1, 14 S2)
Guided Independent Study
Assessment preparation and completion
1
60:00
60:00
time for students to complete formative and summative coursework&assessments
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.
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
ECO1020
Introductory Macroeconomics
2
N/A
Formative Assessments
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.
