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Economics

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Introduction to Economics B

Module Code: ECU11012 (old code EC1111)

Module Name: Introduction to Economics B

  • ECTS Weighting: 5
  • Semester/Term Taught: Semester 2
  • Contact Hours: 22 hours of lectures and 8/10 hours of tutorials
  • Module Personnel: Lecturer: Professor Davide Romelli

*Please note that this outline has not been finalised and is subject to change.

Module Learning Aims

This module provides students with a broad introduction to, and overview of, basic macroeconomics. As such, this module is the core building block for degree programmes incorporating economics, such as BESS (TR081), TSM Economics and PPES.

Module Learning Outcomes

Upon successful completion, students will be able to:

  • explain and apply basic macroeconomic terminology;
  • formulate and address economic and public policy issues using the language and approach of economics;
  • set up and solve simple macroeconomic problems related to the technical topics in this module;
  • articulate economic reasoning and results to others.

Module Content

The module focuses on the principles of macroeconomics, and provides a foundation for the more advanced modules in economics available in later years. The module does not assume any previous knowledge of economics and has no pre-requisites.

Topics discussed will include:

  • Saving and Investment
  • Money and Banking
  • Inflation
  • International Economics
  • Unemployment
  • Aggregate Demand and Supply
  • Monetary and Fiscal Policy
  • Financial Crisis

Recommended Reading List

Mankiw, N.G. and Taylor, M. P., 2014, Macroeconomics (European Edition), Second Edition, Palgrave MacMillan.

The Core Project, 2017, The Economy
This is an e-book which is available free of charge online at: http://www.core-econ.org/the-economy/

Module Pre Requisite

ECU11011

Assessment Details

It is envisaged that there will be a mid-term test taking place in teaching week 8 (usually on Saturday morning at the end of teaching week 8) accounting for 30% of the overall grade. A final exam accounts for 70% of the overall grade.

Module Website

Blackboard