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EC1004 Economics

SCOTCAT credits:20
Academic year(s):2017/8
SCQF Level 7
Planned timetable:2.00 pm Mon, Tue, Thu (TBC)

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.

Place in programme(s) and relationship to other modules


Either (EC1001 and EC1002) or this (EC1004) is compulsory for all degree programmes in Economics, Financial Economics, BA (Int Hons) Economics and BA (Int Hons) International Relations

UG Pre-requisite(s):A course in Economics at High School (e.g. A-level, Higher, International Baccalaureate)
UG Anti-requisite(s):EC1001 and 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
Total module hours:
  • Scheduled learning: 36
  • Guided independent study: 164

Assessment pattern

UG As defined by QAA:
  • Written examinations: 100%
  • Practical examinations: 0%
  • Coursework: 0%
UG As used by St Andrews:2-hour Written Examination = 75%, Coursework = 25%
UG Re-assessment:3-hour Written Examination = 100%


Module coordinator:Dr M Polisson
Module teaching staff:Dr M Polisson