ECON10770 Introduction to Economics

Academic Year 2022/2023

This module will introduce students to the subject of economics. Students will be introduced to microeconomics. We will discuss the factors that determine supply and demand in markets and how these determine the prices of the goods and services we buy as well as how much is purchased. We will discuss strengths and weaknesses of free markets and the rationales for government intervention in the economy. Students will also learn the basic concepts of macroeconomics: How to measure gross domestic product, inflation and unemployment as well as the role played by government fiscal and monetary policy. A number of topical economic issues will be discussed in the course such as inequality, international trade and financial crises.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module students should be able to: 1. Have an understanding of the basic tools of economic analysis; 2. To be able to apply those tools to practical situations; and 3. Understand the contribution economics can make to the discussion on a wide range of real-world issues.

Indicative Module Content:

Topics include:
Demand and supply
Own-price elasticity of demand
Inequality
Gov’t and the economy
Trade
Labour market
Welfare (GDP, etc.)
Aggregate demand
(Central) Banks
Financial crisis

Student Effort Hours: 
Student Effort Type Hours
Autonomous Student Learning

70

Lectures

20

Tutorial

10

Total

100

Approaches to Teaching and Learning:
The course will be delivered via lectures and tutorials. Tutorials will focus solving and group work. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Incompatibles:
ECON10720 - Microeconomics for Business, ECON10760 - Macroeconomics for Business, RDEV20030 - Applied Economic Analysis


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: The module will be assessed by a series of online tests Varies over the Trimester n/a Alternative linear conversion grade scale 40% No

100


Carry forward of passed components
Yes
 
Resit In Terminal Exam
Spring No
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

Any student who wishes to receive individual feedback his/her performance can meet the lecturer on a confidential basis during office hours

Name Role
Lena Specht Lecturer / Co-Lecturer
Dr Ciara Whelan Lecturer / Co-Lecturer
Mr Gavin Cassells Tutor
Haochi Chen Tutor
NEEHARIKA KAKUNURI Tutor
Aditi Kharb Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Autumn
     
Lecture Offering 1 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Thurs 12:00 - 12:50
Lecture Offering 1 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 09:00 - 09:50
Lecture Offering 2 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Fri 09:00 - 09:50
Lecture Offering 2 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 11:00 - 11:50
Tutorial Offering 1 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 13:00 - 13:50
Tutorial Offering 3 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Wed 15:00 - 15:50
Tutorial Offering 5 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Fri 11:00 - 11:50
Tutorial Offering 7 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 14:00 - 14:50
Tutorial Offering 8 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Mon 11:00 - 11:50
Tutorial Offering 11 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Thurs 13:00 - 13:50
Tutorial Offering 16 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Fri 12:00 - 12:50
Tutorial Offering 22 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Thurs 09:00 - 09:50
Tutorial Offering 24 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 12:00 - 12:50
Autumn