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University of Exeter Business School

Economics I

Module titleEconomics I
Module codeBEE1036
Academic year2023/4
Module staff

Dr Neha Deopa (Convenor)

Dr Debbie Du Preez (Convenor)

Duration: Term123
Duration: Weeks


Number students taking module (anticipated)


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.

Module aims - intentions of the module

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.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 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

On successfully completing the module you will be able to...

  • 3. Identify, present and explain standard theoretical economic models and apply them to analyses of economic questions and policy issues

ILO: Personal and key skills

On successfully completing the module you will be able to...

  • 4. Effectively communicate economic concepts/definitions/arguments in written and/or presentation format
  • 5. Plan own workloads effectively to meet strict deadlines
  • 6. Develop data analytical skills for application in the workplace

Syllabus plan


 CORE’S THE ECONOMY TEXT (Units 1 – 9; 11, 12):

  • The Capitalist Revolution
  • Technology, Population and Growth
  • Scarcity, Work and Choice
  • Social interactions
  • Property and Power: Mutual Gains and Conflict
  • The Firm: Owners, Managers, and Employees
  • The Firm and its Customers
  • Supply and Demand: Price-taking and Competitive Markets
  • The Labour Market: Wages, Profits and Unemployment
  • Markets, Efficiency, and Public Policy

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 core content as laid out in each session
Scheduled learning and teaching activities10Tutorials are classes that solve practical exercises and include more in depth discussion
Guided independent study40Preparation for lectures and revision for online quizzes
Guided independent study10Homework tasks
Guided independent study20Assignments preparation
Guided independent study48Exam preparation and revision

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Tutorial questionsIn class1-4In-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 term20Approx 1 hour per quiz1; 3; 5Final grade given; online feedback provided
Individual assignment402,500 words3-6Final grade given; online feedback provided
Exam402 hours1-4Written/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%)One online quiz covering all term 1 content (2 hours, 20%)1; 3; 5August/September reassessment period
Individual assignment (40%)Individual assignment (2,500 words, 40%)3-6August/September reassessment period
Exam (40%)Exam 2 hours, 40%)1-4August/September reassessment period

Indicative learning resources - Basic reading

Basic reading:

ELE – College to provide hyperlink to appropriate pages

Indicative learning resources - Web based and electronic resources


Indicative learning resources - Other resources


Key words search

Economics, Principles, Core, Inequality, Empirical Evidence, Economic Behaviour

Credit value15
Module ECTS


Module pre-requisites

A Level Maths at Grade B or above (or Equivalent)

Module co-requisites

BEE1024. Cannot be taken with BEE1029 or BEE1034

NQF level (module)


Available as distance learning?


Origin date


Last revision date