ES12011: Economics
[Page last updated: 11 January 2024]
| Academic Year: | 2023/24 |
| Owning Department/School: | Department of Economics |
| Credits: | 20 [equivalent to 40 CATS credits] |
| Notional Study Hours: | 400 |
| Level: | Certificate (FHEQ level 4) |
| Period: |
- Academic Year
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| Assessment Summary: | CWES 30%, EXCB 50%, EXIC 20% |
| Assessment Detail: |
- Unseen exam (EXCB 50%)
- Test (EXIC 20%)
- Essay (CWES 30%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
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| Learning Outcomes: |
- Outline core concepts within economics
- Explain how core concepts in economics relate to the real world and to economic policy issues
- Employ the concepts and principles of economics in the solution of economic problems and social dilemmas and to evaluate alternative public policies
- Use of data analysis tools to interpret economic data and theories
- Explain assumptions underlying core economic concepts
- Communicate economic ideas clearly and effectively
- Plan, manage and reflect on students' own learning and practice.
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| Synopsis: | Gain an overview of economics, including economic models, problems of scarcity, choice, and externalities for the main economic actors; market analysis; aggregate output, inflation and unemployment; economic fluctuations and macroeconomic policies.
In semester 2, you'll focus on historical data and contemporary issues, including: financial crises; open economy and globalised markets; economic inequality; economics of the environment; the networked economy; economics, politics and public policy.
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| Content: | Semester 1 content focuses on the relationship between economic models and the real world by providing a comprehensive introduction and overview of economics, covering microeconomics and macroeconomics, from a positive (i.e., modelling) and normative (i.e., economic policies) perspective.
Semester 2 content builds on the tools learned in Semester 1 and focuses on historical data and contemporary issues. The emphasis is more on the applied side of economics, and how to reconcile theory with empirical evidence. Although there are classical themes that are always actual (e.g., economic crises, economic innovation), the list of topics can vary to prioritise the most pressing economic issues at the time the course is taught.
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| Course availability: |
ES12011 is Compulsory on the following courses:
Department of Politics, Languages and International Studies
- UHPL-AFB54 : BSc(Hons) Politics with Economics (Year 1)
- UHPL-AKB54 : BSc(Hons) Politics with Economics with professional placement (Year 1)
- UHPL-AKB54 : BSc(Hons) Politics with Economics with professional placement and study abroad (Year 1)
- UHPL-AKB54 : BSc(Hons) Politics with Economics with study abroad (Year 1)
Department of Social & Policy Sciences
- UHSP-AFB31 : BSc(Hons) International Development with Economics (Year 1)
- UHSP-AKB31 : BSc(Hons) International Development with Economics with professional placement (Year 1)
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Notes: - This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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