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Unit information: Foundations of Economics in 2022/23

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 Economics
Unit code AFAC10013
Credit points 20
Level of study C/4
Teaching block(s) Teaching Block 4 (weeks 1-24)
Unit director Dr. He
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

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Units you must take alongside this one (co-requisite units)

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Units you may not take alongside this one

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School/department Arts Faculty Office
Faculty Faculty of Arts

Unit Information

This is a 20 credit TB4 unit providing students on the Foundation in Arts and Social Sciences with an introduction to economics. The course aims to develop students’ analytical abilities and consider how economists approach problems faced by individuals, firms, markets and governments, as well as how they develop policy and solutions to tackle some of society’s biggest challenges.

The topics covered may include:

  • The economy
  • Decision making
  • Firms and markets
  • Financial economics
  • Macroeconomic policy

Your learning on this unit

Intended Learning Outcomes

On successful completion of this unit, students will be able to:

  1. understand key economic and financial concepts and phenomena;
  2. discuss and analyse a wide variety of economic situations;
  3. make appropriate use of graphical and mathematical models;
  4. demonstrate the skills required to study an Economics programme at undergraduate level.

How you will learn

Teaching information

1 x 2 hour seminar per week

Seminars will include practical data sessions as well as some interactive learning sessions

Regular worksheets with short answer questions and feedback will be provided during weekly seminars

How you will be assessed

Tasks which count towards your unit mark (summative):

Set of assignments (3 over the course of the unit) (100%) [ILOs 1-4]

Assignment 1: 40%

Assignment 2: 20%

Assignment 3 : 40%

The portfolio includes a range of assessments types (which may vary from year to year) such as short essay questions, policy reports, mathematical modelling questions, data based inquires, or a presentation.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. AFAC10013).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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