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ES50071: Economic theory & applications 1

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment Summary: CW 30%, EX 70%
Further information on unit assessment Assessment Detail:
  • EXAM (EX 70%)
  • Mid Semester Test Macro CW (CW 15%)
  • Mid Semester Test Micro CW (CW 15%)
Further information on supplementary assessment Supplementary Assessment: ES50071 - RESIT EXAM (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
To provide a selective but thorough understanding of certain key areas in economic theory.
To help students to achieve competence in the use of theoretical tools of economic analysis.

Learning Outcomes:
Students should be able to:
* Demonstrate proper understanding of the key concepts in micro and macro economics;
* Apply basic theoretical tools in a variety of applied settings.

Ability to develop rigorous arguments.
Ability to select, summarise and synthesise written information from multiple sources.
Ability to select and use appropriate ideas to produce a coherent response to a question.
Concise and effective written communication.

Choice under uncertainty, Market Imperfections, Market Failures (models of asymmetric information), Aggregate Demand and Supply, Models of Business Cycles, Effects of Monetary and Fiscal Policy.
Further information on programme availabilityProgramme availability:

ES50071 is Compulsory on the following programmes:

Department of Economics

ES50071 is a Designated Essential Unit on the following programmes:

Department of Economics
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.