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Semester 1

Economic Principles (ECNM08004)

Subject

Economics

College

CAHSS

Credits

20

Normal Year Taken

1

Delivery Session Year

2022/2023

Pre-requisites

It is not suitable for students to take this course alongside Economics 2 (ECNM08006).

Course Summary

The course is intended to provide a broad introduction to the basic principles of economic analysis. The course is primarily aimed at students who want to obtain a broad but basic insight into economics.

Course Description

The course is intended to provide a broad introduction to the principles of microeconomic and macroeconomic analysis. Course content varies from year to year, but would typically address the microeconomic analysis of the behaviour of individuals and firms, the operation of markets, and government intervention in markets through taxes and regulation; and the macroeconomic analysis of the behaviour of economy-wide measures such as output, unemployment, money, interest rates, and inflation. The course is taught through a programme of lectures and tutorials. The course relies primarily on words, diagrams and numerical illustrations. The use of formal mathematics is limited and basic. The recommended textbook is: The recommended textbook is: Mankiw and Taylor 'Economics', latest edition. The course is primarily aimed at students who want to obtain a broad but basic insight into economics. Please note: the Group Project assessment includes attendance of a poster presentation, which will take place on a Saturday towards the end of the semester. Attendance at this session is required.

Assessment Information

Written Exam 75%, Coursework 25%, Practical Exam 0%

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