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2010/1 Module Catalogue
 Module Code: ECO2036 Module Title: INTERMEDIATE ECONOMICS
Module Provider: Economics Short Name: ECO2036
Level: HE2 Module Co-ordinator: NEWMAN ME Mrs (Economics)
Number of credits: 30 Number of ECTS credits: 15
 
Module Availability
All Year
Assessment Pattern
Unit(s) of Assessment

Weighting Towards Module Mark (%)
3 Hour Examination

70
Coursework

30

Qualifying Conditions(s)
A weighted aggregated mark of 40% is required to pass the module.
Module Overview
This is mainly a theoretical module which uses the fundamental techniques of economics at an intermediate level. The module serves as a foundation for the applied materials in subsequent microeconomics and macroeconomics studies within the BE and EF degree programmes.
Prerequisites/Co-requisites

None
Module Aims
The module has been designed to enable students to use the principle of economics acquired on the first year to develop a more analytic understanding of microeconomics and macroeconomics.
Learning Outcomes

By the end of the module students will:

  • Understand in a more critical way the principles of microeconomics
  • Be able to solve for consumers and firms equilibria using analytical techniques and graphical analysis
  • Understand macroeconomics at an intermediate level, as a foundation for real world applications / decisions (to be developed in other modules)
  • Appreciate the different approaches among the main schools of thought to various macroeconomic controversies.
Module Content
The following is an indication of the likely topics to be covered:
  • Consumer choice
  • Income and substitution effect
  • Costs and Profits
  • The competitive firm and market supply
  • Market structures
  • General equilibrium – Exchange
  • Externalities and Public Goods
  •  The classical macroeconomic model
  • The Solow growth model and endogenous growth theories
  • Business cycle and the IS-LM model
  • Business cycle and aggregate supply
  • The Phillips curve and stabilization policies
  • The Mundell-Fleming model
Methods of Teaching/Learning
Lectures (40 hrs) and Classes (10 hrs)
Selected Texts/Journals

Intermediate Microeconomics: A Modern Approach 7th  Edition H.R. Varian
Microeconomics 5th Edition J.M. Perloff 
Macroeconomics 2006 2nd  Edition B.J.DeLong and M.L. Olney
Macroeconomics 2008 European Edition N.G. Mankiw and M.P. Taylor   Macroeconomics 2008 10th  Edition R. Dornbusch, S. Fischer and R. Starz
Last Updated
28 September 2010