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ECON10770

Academic Year 2024/2025

Introduction to Economics (ECON10770)

Subject:
Economics
College:
Social Sciences & Law
School:
Economics
Level:
1 (Introductory)
Credits:
5
Module Coordinator:
Professor Christopher Jepsen
Trimester:
Autumn
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

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.

The use of AI for any purpose is not allowed in this module.

This module may be taken as part of a Structured Elective in Economics. This means that if you combine this module with at least 10 additional credits from other economics modules you will be awarded a ‘structured elective in economics’ on your transcript.

About this Module

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.

The use of AI for any purpose is not allowed in this module.

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Incompatibles:
ECON10040 - Economics and Sustainability, ECON10720 - Microeconomics for Business, ECON10760 - Macroeconomics for Business, RDEV20030 - Applied Economic Analysis


 

Assessment Strategy
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Quizzes/Short Exercises: Short, weekly online quizzes Week 2, Week 3, Week 4, Week 5, Week 6, Week 7, Week 9, Week 10, Week 11, Week 12 Alternative linear conversion grade scale 40% No
25
 No
Quizzes/Short Exercises: Brief exercises done during in-class tutorials Week 2, Week 3, Week 4, Week 5, Week 6, Week 7, Week 9, Week 10, Week 11, Week 12 Alternative linear conversion grade scale 40% No
15
 No
Exam (In-person): Final exam, in person End of trimester
Duration:
2 hr(s)
 Alternative linear conversion grade scale 40% No
60
 No

Carry forward of passed components
No
 

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
Assoc Professor Kevin Denny Lecturer / Co-Lecturer
Petru Calenici Tutor
Mr Gavin Cassells Tutor
Haochi Chen Tutor
Hayk Tarverdyan 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) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Thurs 12:00 - 12:50
Autumn Lecture Offering 1 Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 09:00 - 09:50
Autumn Lecture Offering 2 Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Fri 09:00 - 09:50
Autumn Lecture Offering 2 Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 11:00 - 11:50
Autumn Tutorial Offering 1 Week(s) - 2, 4, 6, 9, 11 Mon 13:00 - 13:50
Autumn Tutorial Offering 3 Week(s) - 3, 5, 7, 10, 12 Mon 13:00 - 13:50
Autumn Tutorial Offering 5 Week(s) - 3, 5, 7, 10, 12 Thurs 11:00 - 11:50
Autumn Tutorial Offering 7 Week(s) - 3, 5, 7, 10, 12 Thurs 13:00 - 13:50
Autumn Tutorial Offering 8 Week(s) - 3, 5, 7, 10, 12 Mon 12:00 - 12:50
Autumn Tutorial Offering 11 Week(s) - 2, 4, 6, 9, 11 Thurs 13:00 - 13:50
Autumn Tutorial Offering 16 Week(s) - 2, 4, 6, 9, 11 Mon 12:00 - 12:50
Autumn Tutorial Offering 22 Week(s) - 2, 4, 6, 9, 11 Thurs 11:00 - 11:50
Autumn Tutorial Offering 24 Week(s) - 2, 4, 6, 9, 11 Tues 12:00 - 12:50
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