Module Catalogue 2019/20

ECO1017 : Introductory Economics

  • Offered for Year: 2019/20
  • Module Leader(s): Dr Wessel Vermeulen
  • Lecturer: Dr Jong Shin, Dr Xueqi Dong, Dr Hugh Metcalf
  • 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
Pre Requisites
Pre Requisite Comment

None

Co Requisites
Co Requisite Comment

None

Aims

To introduce basic concepts in economics to students not progressing to study degree in economics.

Outline Of Syllabus

Introduction.
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 micro and macro economics

Intended Skill Outcomes

Ability to apply economic analysis to a number of problems and issues.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion164:0064:00N/A
Scheduled Learning And Teaching ActivitiesLecture301:0030:00N/A
Guided Independent StudyDirected research and reading150:0050:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00N/A
Guided Independent StudyIndependent study150:0050:00N/A
Total200:00
Jointly Taught With
Code Title
ECO1089Introductory Economics (Study Abroad S1)
ECO1090Introductory 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 Examination1202A100Exam includes; multiple choice questions and short answer questions.
Exam Pairings
Module Code Module Title Semester Comment
LEC1017Introductory Economics2N/A
ECO1020Introductory Macroeconomics2N/A
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MIn one seminar students will discuss a planned answer to a past exam question
Prob solv exercises2MIn one seminar students will discuss a planned answer to a past exam question
Assessment Rationale And Relationship

Multiple choice questions test breadth of knowledge.
Short answers show depth over a range of topics.

SEMESTER ONE ONLY STUDY ABROAD: two essays instead

Timetable

Past Exam Papers

General Notes

N/A

Disclaimer: The information contained within the Module Catalogue relates to the 2019/20 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 2020/21 entry will be published here in early-April 2019. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.