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Full Year

Economics 2 (ECNM08006)

Subject

Economics

College

CAHSS

Credits

40

Normal Year Taken

2

Delivery Session Year

2023/2024

Pre-requisites

Visiting students must have completed at least 1 introductory level Economics course at grade B or above. We will only consider University/College level courses. Please see Additional Restrictions below.

Course Summary

This intermediate level course is intended to develop a rigorous understanding of core economic models and analysis, together with an ability to apply the analysis in a variety of contexts. It is a required course for students intending to proceed to an Honours degree involving Economics.

Course Description

This course is intended to develop a rigorous understanding of core economic models and analysis, together with an ability to apply the analysis in a variety of contexts. In the first semester we consider macroeconomic (aggregate, economy-wide) phenomena. We look in greater depth at national income accounting, economic growth, money and inflation; labour markets and unemployment and consider relevant mathematical techniques. The second semester looks at macroeconomics and includes topics such as monetary and fiscal policy, the open economy, exchange rate systems and monetary union, business cycles, economic policy and financial markets. The course is taught through a programme of lectures and tutorials. Learning-by-doing, through problem solving and tutorial work, is an important ingredient of the course, with regular practice tests to reinforce an active approach to learning. Students with a weak maths background will need to be prepared to work at developing their maths skills. A passing course mark is an overall mark of 40% or higher. However, candidates must also pass the final examination with a mark of 40% or above in order to pass the course. Failure to do so will result in a forced fail (FF) regardless of the candidate's coursework mark.

Assessment Information

Written Exam 70%, Coursework 30%, Practical Exam 0%

Additional Restrictions

It is not suitable for students to take this course alongside Economics 1 (ECNM08013).

view the timetable and further details for this course