IE0251 Foundation Economics

Academic year

2024 to 2025 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

5

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 6

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Availability restrictions

Only available to students on IE International Foundation Programmes.

Planned timetable

To be arranged

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr L L Davis

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Lori Davies

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module provides an introduction to a broad range of economic concepts and theories. It considers both microeconomics - the analysis of choices made by individuals, households and firms - and macroeconomics - the analysis of the economy as a whole. Microeconomic topics include, among others, demand, supply, elasticities, market structures. Macroeconomic topics include, among others, GDP, Inflation and Unemployment. Policies used by governments to address economic problems and reach objectives will also be examined. Both theories and real life case studies will be analysed. The module aims to provide students with an understanding of basic economics principles that they can develop further in their future studies.

Assessment pattern

100% coursework

Re-assessment

100% coursework

Learning and teaching methods and delivery

Weekly contact

2 lectures (x 6 weeks) ; 1 tutorial (x 6 weeks). 1.5 hours of scheduled revision week session

Scheduled learning hours

19

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

30

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • - Understand the basic principles of Micro and Macro economic theory
  • - Analyse and critically assess information from a variety of texts and sources