ECO1002 : Economic Analysis

Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0


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
Guided Independent StudyAssessment preparation and completion150:0050:00N/A
Scheduled Learning And Teaching ActivitiesLecture281:0028:00N/A
Guided Independent StudyDirected research and reading150:0050:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching101:0010:00N/A
Scheduled Learning And Teaching ActivitiesWorkshops101:0010:00N/A
Guided Independent StudyIndependent study152:0052:00N/A
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. An assessed essay will be set each semester.

Assessment Methods

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

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
Computer assessment2M15x5 40 minute in-class test
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