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 Activities | Lecture | 30 | 1:00 | 30:00 | PIP |
| Guided Independent Study | Assessment preparation and completion | 1 | 50:00 | 50:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 1 | 2:00 | 2:00 | MyEconlab introduction |
| Guided Independent Study | Directed research and reading | 1 | 48:00 | 48:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 10 | 1:00 | 10:00 | PIP - seminars |
| Scheduled Learning And Teaching Activities | Workshops | 1 | 1:00 | 1:00 | Can either be PIP or synchronous online timetabled - revision session semester 2. |
| Guided Independent Study | Independent study | 1 | 59:00 | 59:00 | 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 50 minute non syncronous online test using MyEconlab |
| Computer assessment | 2 | M | 15 | x5 50 minute non-synchronous online 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.
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
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO1002's Timetable