Economics for University Study - LZ004

Location Term Level Credits (ECTS) Current Convenor 2017-18 2018-19
Canterbury Autumn and Spring
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3 30 (15) MR JE Bennett
Canterbury
(version 2)
Autumn and Spring
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3 30 (15)
Canterbury
(version 2)
Spring and Summer
View Timetable
3 30 (15)

Pre-requisites

Spring Start Accelerated Programme
Co-requisite modules include: LZ036 Academic Skills Development (15 credits) and either LZ035 Foundation Project (15 credits) OR LZ037 English for Academic Study (15 credits), along with two other 30 credit modules on the International Foundation Programme (8 modules are available on the January programme).

Autumn Start Programme

Co-requisite modules include: LZ036 Academic Skills Development (15 credits) and either LZ035 Foundation Project (15 credits) OR LZ037 English for Academic Study (15 credits), along with two other 30 credit modules on the International Foundation Programme.

This module is available to JYA students.

Restrictions

None

2017-18

Overview

The module will propose alternative solutions to the problem of resource allocation leading to consideration of the operation of the market mechanism; how the decisions and actions of economic agents are co-ordinated. Economic systems will be evaluated including treatment of circumstances in which markets are considered to fail. Market failure will be analysed utilising the micro-economic techniques developed earlier. In dealing with macro-economic issues such as inflation and unemployment, the UK economy will be used as the primary example, but students will be encouraged to apply their understanding to problems and policies in other economies as well. Likewise, the treatment of international trade will focus on the position of the UK economy with particular emphasis on its place within the European Union and the debate over the adoption of the Single Currency.

Details

This module appears in:


Contact hours

Contact hours per week:
Spring Start – Two hours of lecture, two hours of seminar per week and a one hour workshop over 10 weeks in the Spring Term (50hrs). 10 weeks in the Summer Term (50hrs). In addition, students will be expected to spend 205 hours in private study over the 20 weeks (total 200hrs). The total number of study hours equals 300.

Autumn Start – Two hours of lecture, one hour of seminar and a one hour workshop over 11 weeks in the Autumn and 11 weeks in the Spring Term (88 hrs), 2 weeks in the Summer Term (8 hrs). In addition students will be expected to spend 204 hours in private study over the 24 weeks (total 204 hrs). The total number of study hours equals 300.

Method of assessment

Coursework will account for 60% of the overall mark, consisting of:
Term One:
Written Assignment (1,000 words) (15%)
In Course Test (45 minutes) (15%)

Term Two:
Written Assignment (1,500 words) (25%)
Seminar Participation (over two terms) (5%)
Final Examination of both terms' work will account for 40% of the overall mark (2 hours)

Preliminary reading

Anderton, A. (2006) Economics, (4th Edition). Harlow: Causeway Press.
Begg, D., Fischer, S. & Dornbusch, R. (2005) Economics (8th Edition). Maidenhead: McGraw Hill
Lanchester, J. (2010) Whoops! Why Everyone Owes Everyone and No One Can Pay. London: Penguin
Levitt, S. and Dunbar, J. (2006) Freakonomics. A Rogue Economist Explores the Hidden Side of Everything. New York: William Morrow & Co.
Sloman, J. and Garrett, D. (2013) Essentials of Economics (6th Edition). Harlow: Pearson Education Ltd.

See the library reading list for this module (Canterbury)

See the library reading list for this module (Medway)

Learning outcomes

On successfully completing the module students will be able to:
1. utilise and apply appropriate techniques and models to deal with new and unfamiliar problems.
2. identify and explain causal relationships in the explanation of economic phenomena.
3. understand and apply economic concepts and terminology accurately and appropriately.
4. demonstrate knowledge and understanding of a range of economic problems and proposed solutions.
5. identify the assumptions underlying economic theories.
6. evaluate policy responses to a range of economic issues and problems.
7. explain and analyse the main events and issues in the UK, European and global economies in recent years.
8. utilise graphical and numerical methods in the presentation and analysis of economic issues and problems.
9. utilise economic data drawn from a range of sources and to evaluate the accuracy and reliability of that data.

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