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2019/20 Undergraduate Module Catalogue

LLLC1363 Introduction to Economics

20 creditsClass Size: 40

Module manager: David Gilding
Email: d.gilding@leeds.ac.uk

Taught: Semesters 1 & 2 (Sep to Jun) View Timetable

Year running 2019/20

This module is mutually exclusive with

LUBS1940Economics for Management
LUBS1941Economics for Management (PT)

This module is not approved as a discovery module

Objectives

To enable students to develop:
- An understanding of basic economic principles relevant to the business firm and to the macro economic environment
- An understanding of simple models used in micro and macro economic analysis
- An ability to apply the main economic principles and models to business and management problems and to problems of market economics
- An ability to interpret simple economic data relevant to the business firm and the market
- An understanding of the role of economic policy and institutions in the economy
- An understanding of the global economic environment

Learning outcomes
Knowledge of :
- Basic theory of price and output; the analysis of costs and pricing in private sector organisations
- The analysis of market structures
- The analysis of competition between firms
- The determination of the level of economic activity
- Macroeconomic issues (unemployment, inflation, etc) and Macroeconomic policy
- The international economy

Skills outcomes
Ability to :
- Employ micro and macro economics as part of business decision making processes


Syllabus

Consideration of theory and practice in relation to :
- Basic theory of price and output; the analysis of costs and pricing in private sector organisations
- The analysis of market structures
- The analysis of competition between firms
- The determination of the level of economic activity
- Macroeconomic issues (unemployment, inflation, etc) and Macroeconomic policy

Teaching methods

Delivery typeNumberLength hoursStudent hours
Workshop222.0044.00
Seminar101.0010.00
Private study hours146.00
Total Contact hours54.00
Total hours (100hr per 10 credits)200.00

Private study

Reading 80 hours
Critical reflection on practice 20 hours
Seminar preparation 20 hours
Examination preparation 26 hours
TOTAL 146

Opportunities for Formative Feedback

Through regular workshops, monitoring of student contributions, formative feedback and the staged submission of coursework

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
Assignment10 minute group presentation of a political manifesto with 5 minutes for questions and a 750-1000 word manifesto leaflet50.00
Essay2000 words50.00
Total percentage (Assessment Coursework)100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 30/04/2019

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