ECO1002 : Economic Analysis
- Offered for Year: 2020/21
- Module Leader(s): Dr Barbara Eberth
- Demonstrator: Ms Liangxun Xie
- Lecturer: Dr Melanie Parravano Baro, Dr Riikka Savolainen, Professor Atanu Ghoshray, Dr Brian Varian, 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 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 |
| Guided Independent Study | Directed research and reading | 1 | 40:00 | 40:00 | N/A |
| Structured Guided Learning | Academic skills activities | 8 | 1:00 | 8:00 | Non-Syncronous Structured Guided Learning |
| 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
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.
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 99 | 2 | A | 70 | 24 hr exam |
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
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO1002's Timetable