| CODE | IFS0307 | ||||||||||||||||
| TITLE | Introduction to Economics 2 | ||||||||||||||||
| UM LEVEL | 00 - Mod Pre-Tert, Foundation, Proficiency & DegreePlus | ||||||||||||||||
| MQF LEVEL | 4 | ||||||||||||||||
| ECTS CREDITS | 5 | ||||||||||||||||
| DEPARTMENT | Business Studies | ||||||||||||||||
| DESCRIPTION | In this study-unit, learners will engage with some broad social issues from the point of view of economics. These include: - the role of the government in managing the economy - the major economic problems and issues such as inflation, unemployment, balance of payments, and economic growth. It will also introduce learners to macroeconomic concepts such as the circular flow of income, national income measurement, national income equilibrium, determination of national income, deflationary and inflationary gaps, and monetary and fiscal policies. Study-Unit Aims: The aim of the study-unit is for learners to recognise the basic concepts of applied economics and macroeconomics which will enable them to grasp the theories and frameworks that underpin the study of economics at undergraduate level. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - identify basic macroeconomic concepts; - summarize the main concepts of applied economics; - infer and interpret different social issues from an economic point of view; - compare different markets and economies in relation to the major economic problems. 2. Skills: By the end of the study-unit the student will be able to: - structure arguments to outline current economic objectives and issues; - hypothesize on the role of fiscal and monetary policies in managing economies; - critique international trade and international debt; - construct arguments based on the behaviour of international economic institutions, such as the European Union, the World Trade Organisation, and the International Monetary Fund; - outline international economic comparisons. Main Text/s and any supplementary readings: Economics by Mark B Taylor and N. Gregory Mankiw. ISBN: 9781844801336. |
||||||||||||||||
| ADDITIONAL NOTES | Please note that a pass in the Examination component is obligatory for an overall pass mark to be awarded. | ||||||||||||||||
| STUDY-UNIT TYPE | Lecture, Independent Study & Tutorial | ||||||||||||||||
| METHOD OF ASSESSMENT |
|
||||||||||||||||
| LECTURER/S | Alessandra Theuma |
||||||||||||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
|||||||||||||||||