Introduction to Economics B
Module Code: ECU11012
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
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, JH Economics and PPES.
Module Learning OutcomesUpon 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.
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
- International Economics
- Aggregate Demand and Supply
- Monetary and Fiscal Policy
- Financial Crisis
Recommended Reading List
The main books are:
- Mankiw, N.G. and Taylor, M. P., 2020, Economics, Fifth Edition, Cengage Learning.
- Mankiw, N.G., 2022, Macroeconomics (International Edition), Eleventh Edition, Macmillan Learning.
Another useful book is:
- Cowen, T. and Tabarrok, A., 2020, Modern Principles: Macroeconomics, Fifth Edition, Macmillan Learning.
Module Pre RequisiteECU11011
There will be a mid-term test taking place in teaching week 8 (usually on Saturday at the end of teaching week 8) accounting for 30% of the overall grade. The final exam accounts for 50% of the overall grade, while problem set submissions will be worth 20%.
Lecture notes and additional material will be made available on Blackboard.