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Module

ECO1002 : Economic Analysis

  • Offered for Year: 2021/22
  • Module Leader(s): Dr Barbara Eberth
  • Demonstrator: Ms Liangxun Xie
  • Lecturer: Professor Atanu Ghoshray, Dr Brian Varian, Dr Ian Corrick, Dr Melanie Parravano Baro, Dr Riikka Savolainen
  • 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

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture301:0030:00PIP
Guided Independent StudyAssessment preparation and completion150:0050:00N/A
Scheduled Learning And Teaching ActivitiesLecture12:002:00MyEconlab introduction
Guided Independent StudyDirected research and reading148:0048:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching101:0010:00PIP - seminars
Scheduled Learning And Teaching ActivitiesWorkshops11:001:00Can either be PIP or synchronous online timetabled - revision session semester 2.
Guided Independent StudyIndependent study159:0059:00N/A
Total200:00
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 Examination1352A70N/A
Other Assessment
Description Semester When Set Percentage Comment
Computer assessment1M15x5 50 minute non syncronous online test using MyEconlab
Computer assessment2M15x5 50 minute non-synchronous online tests using MyEconlab
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MAccess to MyEconlab for continuous instant formative feedback and seminar questions provided
Prob solv exercises2MAccess 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.

In the case of an alternative assessment for semester 2 (70% of the module mark) being necessary due to circumstances, the Module Leader will in discussion with the DPD and the University, discuss possible acceptable online alternatives, such as a take home exam delivered online with a set time limit to complete (24 hours or less as deemed appropriate).

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

These can be run non-synchronous online.

Reading Lists

Timetable