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Module

ECO1002 : Economic Analysis

  • 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 LearningLecture materials541:0054:00Non- Synchronous Online Materials (2xdelivery)
Guided Independent StudyAssessment preparation and completion130:0030:00N/A
Structured Guided LearningAcademic skills activities81:008:00Non-Syncronous Structured Guided Learning
Guided Independent StudyDirected research and reading140:0040:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching81:008:00Synchronous Online Timetabled - seminars
Scheduled Learning And Teaching ActivitiesWorkshops101:0010:00Part of overall assessment: MyEconlab test. See assessment section. Non-synchronous remote delivery.
Scheduled Learning And Teaching ActivitiesWorkshops11:001:00Synchronous Online Timetabled - Revision session semester 2.
Scheduled Learning And Teaching ActivitiesDrop-in/surgery51:005:00Synchronous, online - Q&A
Guided Independent StudyIndependent study144:0044:00N/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

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 Examination1352A70N/A
Other Assessment
Description Semester When Set Percentage Comment
Computer assessment1M15x5 40 minute in-class test using MyEconlab
Computer assessment2M15x5 40 minute in-class 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.

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

Reading Lists

Timetable