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Economics I

Module description

This module provides the introduction to economics for undergraduates in the Department of Economics. It puts the student at the centre of pedagogy using learning materials and experiences attuned both to the societal problems that students care about and to how students acquire facility and confidence in using and communicating economics. Digital technology and interactive teaching methods will introduce students to an empirical discipline. Students will learn to use evidence from history, experiments and other data sources to test competing explanations and policies. 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 module 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 I
Module code:BEE1036
Module level:1
Academic year:2022/3
Module lecturers:
  • Dr Debbie Du Preez -
Module credit:15
ECTS value:



A Level Maths or Equivalent


BEE1024. Cannot be taken with BEE1029 or BEE1034

Duration of module: Duration (weeks) - term 1:


Module aims

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. outline and apply the main topics in introductory economic theory;
  • 2. explain any basic problem in economics using diagrams and to some extent basic algebra.

ILO: Discipline-specific skills

  • 3. identify, present and explain standard theoretical economic models and apply them to analyses of economic questions and policy issues;
  • 4. develop skills to undertake further economics, as this module is one of the building blocks to understand the subject.

ILO: Personal and key skills

  • 5. communicate concepts/definitions/arguments;
  • 6. prepare for and meet strict deadlines;
  • 7. plan own workloads.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activities22Lectures cover all ILOs
Scheduled Learning and Teaching Activities10Tutorials are classes that solve practical exercises and include more in depth discussion
Guided Independent Study40Preparation for Lectures and revision
Guided Independent Study10Homework tasks
Guided Independent Study20Assignments preparation
Guided Independent Study48Exam preparation and revisions

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Tutorial QuestionsIn class1-6In-class feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
8 online quizzes throughout term2030 minutes per week1-7Online feedback – pass/fail assessment
Individual Assignment402,000 words1-7Online feedback – pass/fail assessment
Exam402 hours1-7Written/Oral

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Online quizzes (20%)MCQ Exam (2 hours, 20%)1-7August/September reassessment period
Individual Assignment (40%)Individual essay (2000 word, 40%)1-7August/September reassessment period
Exam (40%)Exam 2 hours, 40%)1-7August/September reassessment period

Syllabus plan

The Capitalist revolution 
Technological change, population and growth 
Scarcity, work and choice 
Social interactions 
Property and power: Mutual gains and conflict 
The firm and its customers 
Supply and demand: Price-taking and competitive markets 

Rent-seeking, price-setting and market dynamics 

Markets, efficiency and public policy 

Indicative learning resources - Basic reading

Basic reading:

CORE’s The Economy, available (for free) at: 

Doing Economics, available (for free) at: 

ELE – College to provide hyperlink to appropriate pages

Module has an active ELE page?


Origin date


Last revision date