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Module

ECO1100 : Economic Analysis

  • Offered for Year: 2022/23
  • Module Leader(s): Dr Barbara Eberth
  • Lecturer: Professor Atanu Ghoshray
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 15
Semester 2 Credit Value: 15
ECTS Credits: 15.0

Aims

To introduce and explain to students the fundamental principles, concepts and tools of micro and macro-economics that are necessary for one to study the workings of the economy.

Outline Of Syllabus

The module teaches an introduction to micro and macroeconomic theory.


Semester 1 covers macroeconomics, including the aggregate supply and demand model, the money market, the labour market, inflation, economic growth, macroeconomic policy, and international economics

Semester 2 covers microeconomics, including, amongst others, demand and supply, elasticity, consumer theory, theory of the firm and theory of the industry.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture441:0044:00Introductory lecture and time to explain the workings of MyEconlab included here. PIP
Scheduled Learning And Teaching ActivitiesSmall group teaching101:0010:00There will be 5 seminars in semester 1 and 5 in semester 2. PIP
Scheduled Learning And Teaching ActivitiesWorkshops100:508:20These are online computer tests that form part of the assessment. Previously asked to add here.
Scheduled Learning And Teaching ActivitiesWorkshops21:002:00Pre assessment clinic. One in each semester. Either PIP or synchronous online.
Guided Independent StudyIndependent study1235:40235:40N/A
Total300:00
Teaching Rationale And Relationship

Lectures explain basic economic theory including both macreconomic and microeconomic aspects
Seminars enhance learning and provide an opportunity for students to monitor their own progress through problem solving and discussions.
Private study provides 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 MyEconlab software to test understanding. MyEconlab features as part of the assessment strategy.

Assessment Methods

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination1052A40Microeconomics exam
Written Examination1051A40Macroeconomics exam
Other Assessment
Description Semester When Set Percentage Comment
Computer assessment1M10x5 50 minute non synchronous online MyEconlab tests. These are the computer tests in the teaching activity section.
Computer assessment2M10x5 50 minute non synchronous online MyEconlab tests. These are the computer tests in the teaching activity section.
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1M24/7 access to MyEconlab for continuous instand formative feedback and seminar questions.
Aural Examination2M24/7 access to MyEconlab for continuous instand formative feedback and seminar questions.
Assessment Rationale And Relationship

There will be one unseen examination at the end of semester 1 and one unseen examination at the end of semester 2 to test the breadth and depth of understanding of micro and macroeconomics respectively.

Exams in both semesters to motivate students through entire year.

There will be 5 MyEconlab tests in each semester to test student knowledge of core economic fundamentals. These have consistently received great feedback from students and are intended to motivate continuous study and feedback.

Reading Lists

Timetable