Academic year(s): 2018-2019
SCOTCAT credits : 20
ECTS credits : 10
Level : SCQF Level 7
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.
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
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
As used by St Andrews: 2-hour Written Examination = 75%, Coursework = 25%
As defined by QAA
Written examinations : 100%
Practical examinations : 0%
Re-assessment: 3-hour Written Examination = 100%