Module Descriptors
BOOM, BUST AND BUSINESS
ECON40124
Key Facts
School of Justice, Security and Sustainability
Level 4
15 credits
Contact
Leader: Peter Considine
Email: P.J.Considine@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 100%
Module Details
ASSESSMENT DETAILS
Examination 1.5 hours - 100% (Tests All Learning Outcomes)
INDICATIVE CONTENT
The module will look at a basic model of the macroeconomy, emphasising the role of expenditure in the determination of GDP. The concept of aggregate demand and supply will be introduced and then applied to examine issues in macroeconomics. Students will examine the workings of the international economy covering such topics as the gains from trade and the nature and significance of the exchange rate regime.
LEARNING OUTCOMES
.1. A BASIC KNOWLEDGE OF THE UNDERLYING CONCEPTS AND PRINCIPLES ASSOCIATED WITH THEORIES IN THE DISCIPLINE AREA OF MACROECONOMICS.
Knowledge & Understanding
2. DEVELOP LINES OF ARGUMENT AND MAKE SOUND JUDGMENTS IN ACCORDANCE WITH BASIC MACROECONOMIC THEORIES AND CONCEPTS.
Application
Learning
Reflection
3. INTERPRET QUALITATIVE AND QUANTITATIVE DATA ON THE MACROECONOMY.
Analysis
Enquiry
4. APPLY ELEMENTARY CONCEPTS TO SOLVE BASIC ECONOMIC PROBLEMS
Problem Solving
5. REFLECT ON THE LIMITATIONS OF THE BASIC ECONOMIC FRAMEWORK
Reflection
Knowledge & Understanding
2. DEVELOP LINES OF ARGUMENT AND MAKE SOUND JUDGMENTS IN ACCORDANCE WITH BASIC MACROECONOMIC THEORIES AND CONCEPTS.
Application
Learning
Reflection
3. INTERPRET QUALITATIVE AND QUANTITATIVE DATA ON THE MACROECONOMY.
Analysis
Enquiry
4. APPLY ELEMENTARY CONCEPTS TO SOLVE BASIC ECONOMIC PROBLEMS
Problem Solving
5. REFLECT ON THE LIMITATIONS OF THE BASIC ECONOMIC FRAMEWORK
Reflection
LEARNING STRATEGIES
The learning strategy for the module requires students to commit 150 learning hours (including assessment) of this there will be 36 hours of class support and 114 hours of independent and self directed study (24 hours of formal lectures/large group activities, 12 hours of tutorials). Learning support material will be provided for the module.
The class contact hours will be devoted to a variety of learning activities and environments including experiencing lecture material, worksheets and exercises, group discussions and presentations, and the use of AVA material such as video recordings. The independent study time will include directed reading and preparation for classes, the use of resources such as 'WinEcon' online or via CD-ROM, the use of web sites linked to the recommended texts and other web resources, as well as preparation for assessments.
The class contact hours will be devoted to a variety of learning activities and environments including experiencing lecture material, worksheets and exercises, group discussions and presentations, and the use of AVA material such as video recordings. The independent study time will include directed reading and preparation for classes, the use of resources such as 'WinEcon' online or via CD-ROM, the use of web sites linked to the recommended texts and other web resources, as well as preparation for assessments.
RESOURCES
Recommended texts, library facilities, university web pages, on-line resources including Sloman's web pages and student support material, word processing facilities.
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
TEXTS
Sloman, J. and Wride, A. (2010) Economics 7th edition. Financial Times Prentice Hall
BPP CIMA text C04 (2012). Fundamentals of Business Economics
Gillespie, A. (2014). Foundation of Economics. Oxford, UK: Oxford University Press.
BPP CIMA text C04 (2012). Fundamentals of Business Economics
Gillespie, A. (2014). Foundation of Economics. Oxford, UK: Oxford University Press.