Please note: Due to alternative arrangements for teaching and
assessment in place from 18 March 2020 to mitigate against the restrictions in
place due to COVID-19, information shown for 2019/20 may not always be accurate.
Please note: you are viewing unit and programme information
for a past academic year. Please see the current academic year for up to date information.
Unit name |
Foundations of Finance and Economics |
Unit code |
EFIM01000 |
Credit points |
20 |
Level of study |
QCA-3
|
Teaching block(s) |
Teaching Block 4 (weeks 1-24)
|
Unit director |
Dr. Proud |
Open unit status |
Not open |
Pre-requisites |
None
|
Co-requisites |
None
|
School/department |
School of Economics |
Faculty |
Faculty of Social Sciences and Law |
Description including Unit Aims
The aim of this course is to provide an introduction to finance and economic concepts, and aims to introduce students to the technical skills required in undergraduate courses. Topics that could be covered are:
Finance
- Financial Decision-making
- Concepts of costs and revenue, profit and efficiency
- Distinction between stocks and flows
- Time discounting, borrowing and basic financial planning
- Growth rates and compound interest/growth
- Risk
Accounting
- The purpose of accounts
- Financial Reporting
- Management Accounting
Microeconomics
- Markets
- Supply and Demand
- Opportunity cost
- Types of market/competition
- Average and total costs
- Externalities
- Social Welfare
Macroeconomics
Intended Learning Outcomes
'An ability to consider the value of financial assets, and problems associated with calculating these values:
- An ability to identify and interpret profit and loss accounts
- An understanding of the underlying concepts of microeconomics, and the ability to discuss these concepts using diagrams where necessary
- A preparation of the skills and language required for preparation to study economics, accounting or finance in an undergraduate setting.
Teaching Information
24 Lectures
16 exercise lectures
8 classes
Assessment Information
Formative Assessment:
Weekly assignments are given to students to reinforce the concepts taught in lectures. Some are assessed and marked. All learning outcomes are assessed here, and in classes.
Summative assessment:
3 Hour examination: 50% from Finance and 50% from Economics. This assesses all learning outcomes.
Reading and References
- Keown, Martin and Petty, “Foundations of Finance”, Pearson ISBN:0-13-512236-8
- Gillespie, “Foundations fo Economics”, OUP, ISBN:978-0-19-929637-8