Economics II

Module description

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
Module code:BEE1037
Module level:1
Academic year:2020/1
Module lecturers:
  • Dr Szabolcs Deak - Lecturer
  • Dr Martha Omolo - Lecturer
Module credit:15
ECTS value:

7.5

Pre-requisites:
Co-requisites:

 Cannot be taken with BEE1029 or BEE1034

Duration of module: Duration (weeks) - term 2:

11

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. 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

ILO: Personal and key skills

  • 5. identify the essential elements of a problem and organise a way to think about it systematically
  • 6. demonstrate the ability to organise and process information through class preparation and participation

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

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
32118

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Lectures22Lectures cover all ILOs
Tutorials10Tutorials 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
20800

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Individual Assignment201500 words1-6Online feedback
Final Exam 802 hour1-6Final grade; Exam solutions will be posted on ELE

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

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Individual assessment and Final ExamExamination (2 hours)1-6August Exam Period

Syllabus plan

  • Economic fluctuations and unemployment
  • Unemployment and fiscal policy
  • Inflation, unemployment and monetary policy
  • Technological progress, employment and living standards in the long run
  • The Great Depression, golden age and global financial crisis
  • The nation and the world economy
  • Economic inequality
  • Economics of the environment
  • Innovation, information and the networked economy
  • Economics, politics, and public policy

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?

Yes

Origin date

11/03/2019

Last revision date

11/03/2019