Unit name | Principles of Economics |
---|---|
Unit code | EFIM10050 |
Credit points | 20 |
Level of study | C/4 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Kuchar |
Open unit status | Open |
Pre-requisites |
At least GCSE Mathematics Grade 7 or equivalent. This unit is NOT available to students taking degrees in the School of Economics, Finance and Management except on programmes where it is a mandatory unit. |
Co-requisites |
None |
School/department | School of Economics |
Faculty | Faculty of Social Sciences and Law |
This unit provides an introduction to core economic principles. Students become familiar with the economic way of thinking and learn how to apply economic principles to a variety of real-world problems. The course is particularly suited to students who wish to learn how to systematically observe the world through data and acquire analytical writing skills to better communicate economic ideas.
The economic way of thinking is not limited to commercial activity, it applies to all human endeavours. In this class we will learn about the choices the individuals make and the exchanges they take part in as buyers and sellers, as members of households and firms, as employers and employees, or as landlords and tenants. We will pay attention to the notions of efficiency and inequality, justice and fairness, and to the power relations in market and non-market exchanges. The unit highlights the embeddedness of markets in social and political institutions and emphasizes the moral and ethical problems that markets solve or fail to solve.
While this unit is mandatory for some students taking degrees in the School of Economics, Finance and Management, it is an excellent choice for non-economic majors.
Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities
20% MCQ (ILO 1,2,3) Written report/Essay (1000) (40%) (ILO 1, 3) Written report/Essay (1000) (40%) (ILO 2, 3)
The CORE Team. (2019). Economy, Society and Public Policy. Oxford University Press.
Further resources are available through TALIS.