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2022/23 Undergraduate Module Catalogue

LLLC1363 Introduction to Economics

20 creditsClass Size: 35

Module manager: George Zifkos

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2022/23

This module is mutually exclusive with

LUBS1940Economics for Management
LUBS1941Economics for Management (PT)

This module is not approved as a discovery module

Module summary

This module aims to provide you with a comprehensive outline of some of the core elements of microeconomics, macroeconomics and their applications. By the end of the module, you will be able to use your knowledge of economic theory and policy to understand how an economy functions.


This module aims to introduce students to the basic economic concepts, principles and theories. It will enable them to become effective business managers by attaining an understanding of simple models used in micro and macro-economic analysis. It also aims to provide students with knowledge of the important role of economic policy and institutions in the economy. Last, it will enable students to develop an understanding of the debates related to sustainable economic development.

Learning outcomes
Upon successful completion of the module students will be able to:

1. Describe and analyse key economic concepts
2. Analyse the components of the micro environment
3. Analyse market structures
4. Analyse the components of the macro environment
5. Describe the determination of economic activity
6. Explain the purpose and effects of macroeconomic policy

Skills outcomes
Being Digital: This module will develop Critical Evaluation, Collaboration, Communication and Identity and Wellbeing


Consideration of theory and practice in relation to:

- The analysis of market structures.
- The analysis of price determination in the market.
- The determination of the level of economic activity.
- Macroeconomic issues (unemployment, inflation, growth, etc) and Macroeconomic policy.
- Sustainability issues in economics.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours173.00
Total Contact hours27.00
Total hours (100hr per 10 credits)200.00

Private study

Reading 80 hours
Critical reflection on practice 39 hours
Reading and research for seminars 20 hours
Assignment preparation 34 hours

Opportunities for Formative Feedback

Regular class attendance and participation.
Engaging with activities and directed study in Minerva.
Formative feedback on draft essay plans.
Workshops for both assignments and individual tutorials.

Methods of assessment

Assessment typeNotes% of formal assessment
Assignment10 minute group presentation of a political manifesto with 5 minutes for questions and a 1000 word manifesto leaflet50.00
In-course Assessment2 hour50.00
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: 09/05/2022 16:33:43


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