This module continues to provide the introduction to economics for undergraduates started in the module Economics I. It introduces the characteristics of economies using historical and cross-country comparisons across the major dimensions of economic performance (growth, inequality, stability).
By taking the main economic actors and showing how they make decisions, the course covers behaviour in goods, labour and credit markets, highlighting the role of the rules of the game (institutions), and showing the sources of market successes and market failures. Behaviour of households and firms is analysed in the economy as a whole, along with that of fiscal and monetary policy makers.
Full module specification
|Module title:||Economics II|
Cannot be taken with BEE1029 or BEE1034
|Duration of module:||
Duration (weeks) - term 2: |
This module aims to provide students with a basic understanding of economics, and to apply this way of thinking to real world problems. It aims to help students understand the world around them, become more astute participants in the Economy and Society and help them understand Economic Policy so that they can better judge the decisions affecting the allocation of their society’s resources.
ILO: Module-specific skills
- 1. demonstrate comprehensive and detailed knowledge and understanding of main topics in introductory economic theory;
- 2. explain any basic problem in economics using diagrams and to some extent using Maths.
ILO: Discipline-specific skills
- 3. critically analyse and evaluate a piece of economic research;
- 4. explain and demonstrate an appreciation for the types of issues that economics can help address in our world;
- 5. develop the ability to collect informational resources including data and evaluate these resources to address economic challenges.
ILO: Personal and key skills
- 6. develop independent study skills;
- 7. identify the essential elements of a problem and organise a way to think about it systematically
- 8. demonstrate the ability to organise and process information through class preparation and participation using the technologies at hand.
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Lectures||22||Lectures cover all ILOs|
|Tutorials||10||Tutorials are classes that solve practical exercises and include more in depth discussion|
|Guided independent study||40||Preparation for Lectures and revision|
|Guided independent study||10||Homework tasks|
|Guided independent Study||20||Assignments preparation|
|Guided independent Study||48||Exam preparation and revisions|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Tutorial Questions||In class||1-8||In-class feedback|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Individual Assignment||40||Report up to 3000 words||1-8||Final grade and online feedback on ELE|
|Final Exam||60||Up to 2000 words||1-8||Final grade, feedback and indicative solutions posted on ELE|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Individual assessment and Final Exam||Examination (2 hours, 100%)||1-8||August/September Reassessment Period|
- Economic fluctuations and unemployment
- Unemployment and fiscal policy
- Inflation, unemployment and monetary policy
- Technological progress, employment and living standards in the long run
- Capstone: The nation and the world economy
- Race, Ethnicity and the Economy
Indicative learning resources - Basic reading
CORE’s The Economy, available (for free) at: https://www.core-econ.org/
Doing Economics, available (for free) at: https://www.core-econ.org/doing-economics/index.html
Module has an active ELE page?
Last revision date