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ECO1017 : Introductory Economics

  • Offered for Year: 2024/25
  • Module Leader(s): Dr Ian Corrick
  • Demonstrator: Mr Cafer Deniz
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus

Your programme is made up of credits, the total differs on programme to programme.

Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0
European Credit Transfer System


To introduce basic concepts in economics to students not progressing to study degree in economics.

Outline Of Syllabus

Demand and Supply; Market Structure, Input markets; Welfare; Governing the Market;
Aggregate demand and supply; Money and interest rates; inflation and unemployment;
Open economy; Business Cycles

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials21:002:00pre-recorded, (1 S1, 1 S2)
Guided Independent StudyAssessment preparation and completion160:0060:00time for students to complete formative and summative coursework&assessments
Scheduled Learning And Teaching ActivitiesLecture271:0027:00PIP lectures (13 S1, 14 S2)
Guided Independent StudyDirected research and reading166:0066:00estimated based on 3 hours per teaching week
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PIP seminars (3 S1, 3 S2)
Guided Independent StudyIndependent study139:0039:00balance to equal 200 overall
Jointly Taught With
Code Title
ECO1090Introductory Economics (Study Abroad S2)
Teaching Rationale And Relationship

Lectures provide overview. Small group classes support learning through exercises and opportunity for discussion.

Assessment Methods

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

Description Length Semester When Set Percentage Comment
Written Examination1202A100N/A
Exam Pairings
Module Code Module Title Semester Comment
Introductory Macroeconomics2N/A
Formative Assessments

Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.

Description Semester When Set Comment
Prob solv exercises1MIn one seminar students will discuss a planned answer to a mock exam question
Prob solv exercises2MIn one seminar students will discuss a planned answer to a mock exam question
Assessment Rationale And Relationship

Multiple-choice questions test breadth of knowledge.
Short answers show depth over a range of topics.

In the case of an alternative semester 2 assessment (worth 100% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.

Reading Lists