University of St Andrews

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 7

Semester: 1

Planned timetable: 2.00 pm Mon, Tue, Thu

This module introduces the ideas, methods and techniques in both microeconomics and macroeconomics required for further study of the subject. It is intended for students who have already studied Economics at school. At the microeconomic level, the module studies the operation markets, market regulation, market failure and strategic behaviour. At the macroeconomic level, the module analyses the long run and short run determination of output, unemployment and inflation. It considers questions such as the appropriate use of monetary and fiscal policy to mitigate the effects of business cycles. And it introduces models which aim to explain the determinants of long run economic growth.

Relationship to other modules

Pre-requisite(s): This module is recommended to be taken only by first year students with an appropriate school qualification in Economics (e.g. Higher, A-level, IB). Students may be advised against taking this module based on the results of an assessment.

Anti-requisite(s): You cannot take this module if you take EC1001 or take EC1002

Learning and teaching methods and delivery

Weekly contact: 30 hours of lectures over 10 weeks, plus 1 office hour (x 14 weeks) and 6 tutorials per semester

Scheduled learning hours: 36

Guided independent study hours: 164

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 75%, Coursework = 25%

As defined by QAA
Written examinations : 100%
Practical examinations : 0%
Coursework: 0%

Re-assessment: 3-hour Written Examination = 100%

Personnel

Module coordinator: Dr M P Knowles
Module teaching staff: Dr Matthew Knowles and Dr Luca Savorelli
Module coordinator email mpk6@st-andrews.ac.uk