ECO1002 : Economic Analysis - Undergraduate Study

Offered for Year: 2020/21

Module Leader(s): Dr Barbara Eberth
Demonstrator: Ms Liangxun Xie
Lecturer: Dr Ian Corrick, Dr Melanie Parravano Baro, Dr Riikka Savolainen, Professor Atanu Ghoshray, Dr Brian Varian

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 explain in simple analytical terms the principles that are necessary for one to study the workings of the economy.

Outline Of Syllabus

The module teaches an introduction to microeconomic and macroeconomic theory.

Semester 1 covers microeconomics, including: demand and supply, elasticity, consumer theory, theory of the firm and theory of the industry.

Semester 2 covers macroeconomics, including: the aggregate supply – aggregate demand model, the money market, the labour market, inflation, economic growth, macroeconomic policy, and international economics.

Teaching Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities

Category	Activity	Number	Length	Student Hours	Comment
Structured Guided Learning	Lecture materials	54	1:00	54:00	Non- Synchronous Online Materials (2xdelivery)
Guided Independent Study	Assessment preparation and completion	1	30:00	30:00	N/A
Structured Guided Learning	Academic skills activities	8	1:00	8:00	Non-Syncronous Structured Guided Learning
Guided Independent Study	Directed research and reading	1	40:00	40:00	N/A
Scheduled Learning And Teaching Activities	Small group teaching	8	1:00	8:00	Synchronous Online Timetabled - seminars
Scheduled Learning And Teaching Activities	Workshops	10	1:00	10:00	Part of overall assessment: MyEconlab test. See assessment section. Non-synchronous remote delivery.
Scheduled Learning And Teaching Activities	Workshops	1	1:00	1:00	Synchronous Online Timetabled - Revision session semester 2.
Scheduled Learning And Teaching Activities	Drop-in/surgery	5	1:00	5:00	Synchronous, online - Q&A
Guided Independent Study	Independent study	1	44:00	44:00	N/A
Total				200:00

Teaching Rationale And Relationship

Lectures explain basic economic theory including both macroeconomic and microeconoic aspects. Seminars and workshops enhance learning and provide an opportunity for students to monitor their own progress through problem solving and discussions.

Private study provides opportunity to study the theory and also to use available software to test understanding.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams

Description	Length	Semester	When Set	Percentage	Comment
Written Examination	135	2	A	70	N/A

Other Assessment

Description	Semester	When Set	Percentage	Comment
Computer assessment	1	M	15	x5 40 minute in-class test using MyEconlab
Computer assessment	2	M	15	x5 40 minute in-class tests using MyEconlab

Formative Assessments

Description	Semester	When Set	Comment
Prob solv exercises	1	M	Access to MyEconlab for continuous instant formative feedback and seminar questions provided
Prob solv exercises	2	M	Access to MyEconlab for continuous instant formative feedback and seminar questions provided

Assessment Rationale And Relationship

The unseen examinations at the end of Semester 2 is designed to encourage study and to test student understanding across a range of fundamentals of micro- and macroeconomics.

The computer assessments across Semesters 1 and 2 are intended to test student knowledge of core economic fundamentals.

Reading Lists

ECO1002's Reading List

Timetable

Timetable Website: www.ncl.ac.uk/timetable/
ECO1002's Timetable

Module