1) Demonstrate knowledge and understanding of macroeconomic principles.

Knowledge & Understanding, Learning.


2) Understand and address macroeconomic concerns: the goals of macroeconomic policy, economic growth, unemployment, inflation.

Knowledge & Understanding, Analysis and Application.


3) Apply economic analysis to understand and analyze both demand and supply side equilibrium.

Analysis and Application, Problem-solving.


4)Evaluate and analyse the power of the various components of the macroeconomy: consumers, Investors, Government, and International trade.

Knowledge & Understanding, Analysis and Application, Problem-solving.

In-Class quiz (30 minutes) (MCQs and/or short questions) (weighted at 30%) LOs 1,2

Exam (2 hours) (70%) plus 10 mins reading time (LOs 1, 2, 3 & 4)

Students will learn to understand the macroeconomy, investigate and analyse the power of markets, Keynesian and Monetarism approaches to economic challenges (growth, inflation, unemployment etc.), and appreciate the wider economic environment and the implications for business strategy.

The learning strategy for the module requires students to commit 200 learning hours (including assessment) of which there will be 36 hours of tutor-led learning and 164 hours of independent and self-directed study. During the tutor-led learning hours, students will receive robust support through interactive tutorials where they can ask questions, clarify doubts, and receive personalized guidance on challenging concepts. These tutorials are designed to foster a deeper understanding of the material, with opportunities for collaborative learning and discussions that enhance comprehension and retention.


Concepts, theories and principles will be explored, practiced, and demonstrated. Practical skills enhanced by recommended videos and talks. LinkedIn Learning will be used to direct self-study learning throughout the study block. Cognitive and personal skills developed in open-ended problem-solving exercises. Oral feedback will be given during sessions. The assessment will examine the wider learning outcomes expressed in the descriptor.

You will undertake ‘formative’ assessments during the module to help you monitor your learning and provide you and us with ongoing feedback on your progress, that helps you prepare for the ‘summative assessment(s) during or at the end of the module. The formative assessments may include quizzes, short essays, or problem-solving exercises, with feedback given to help students identify areas for improvement.

The use of AI tools such as ChatGPT can be beneficial in learning, however, students must adhere to the following guidelines: (i) all submitted work must be original and written by the student; (ii) if a student utilizes AI tools to generate ideas or receive guidance, this must be clearly cited in the submitted work, just as any other source would be; (iii) students should be mindful of the ethical implications of using AI in their studies, ensuring that their use of such tools does not constitute academic dishonesty.

Unit feedback:
During semester, students’ feedback on the module will be collated and distributed through University's online platform, ensuring consistency with other units and focusing on both improvement and future success. This process includes both individual feedback and cohort-wide summaries, aligning with the university's standardized approach to learning and assessment.

MAIN TEXT:

Parkin, M. (2023). Macroeconomics, 14th edition. Pearson.

Baumol, William J., Blinder, Alan S., Solow, John L. (2020) Economics, Principles and Policy 14th ed. USA: Cengage Learning

Parkin, M., Powell, M., & Matthews, K. (2017). Essential Economics: European Edition. Essex, UK: Pearson

To develop an interest in economics and enhance the chance of success, the following websites are recommended for obtaining updated news:
www.bbc.co.uk/news/business
www.theguardian.com/uk/business
www.timesonline.co.uk
www.ft.com
www.economist.com
www.independent.co.uk
www.businessweek.com

Module Study Guide and Handbook
BUV Learning Resources Centre and website
BUV Canvas; Learning Management System
SU VLE
SU Library