Undergraduate Course: Economics 1A (VS1) (ECNM08010)
Course Outline
School |
School of Economics |
College |
College of Humanities and Social Science |
Course type |
Standard |
Availability |
Part-year visiting students only |
Credit level (Normal year taken) |
SCQF Level 08 (Year 1 Undergraduate) |
Credits |
20 |
Home subject area |
Economics |
Other subject area |
None |
Course website |
None |
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Course description |
The course is intended to develop a rigorous understanding of core economic models and analysis, together with an ability to apply the analysis in a variety of contexts. Semester 1 focuses on developing and using models of supply and demand in both microeconomic (individual market) and macroeconomic (economy-wide, aggregate) contexts. The recommended textbooks are: Pindyck and Rubinfeld 'Microeconomics' (Pearson) and Mankiw 'Macroeconomics' (Palgrave). Learning-by-doing, through problem solving and project work, are an important ingredient of the course, with regular on-line tests to reinforce an active approach to learning. |
Entry Requirements
Pre-requisites |
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Co-requisites |
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Prohibited Combinations |
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Other requirements |
A background in mathematics beyond GCSE level or equivalent is recommended. Students with a weaker maths background will need to be prepared to work at developing their maths skills.
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Additional Costs |
None |
Course Delivery Information
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Delivery period: 2010/11 Semester 1, Part-year visiting students only (VV1)
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WebCT enabled: No |
Quota: None |
Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Central | Lecture | | 1-11 | | | | 09:00 - 09:50 | | Central | Lecture | | 1-11 | 09:00 - 09:50 | | | | |
First Class |
Week 1, Monday, 09:00 - 09:50, Zone: Central. George Square Lecture Theatre |
Additional information |
Weekly two-hour tutorials to be arranged in addition. |
Summary of Intended Learning Outcomes
After successful completion of this course the student will have knowledge and understanding of: supply & demand analysis of competitive markets - comparative statics; elasticities; and ability to apply analysis to e.g. goods and factor markets, taxes, regulation, international trade, and interacting markets. Flex-price ('Classical') and fixed-price ('Keynesian') models of closed and open macroeconomies. Cost curves and production functions; monopoly; consumer choice; competitive equilibrium and welfare; market failure.
Ability to apply basic mathematical techniques in economic contexts: manipulating & solving linear equation systems; functions and graphs; basic calculus (elasticities; maximization/minimization); Edgeworth boxes; simple regression.
General skills developed include: critical analysis and assessment; reasoning adaptably and systematically; problem-framing and problem-solving skills; numeracy and quantitative skills; obtaining and processing information from a variety sources; presentation and communication skills; interpersonal and group skills; computer and IT skills; independent action and initiative; managing tasks and time; coping with stress. |
Assessment Information
Mid-Semester Class Exam: 30%
Class Exam (multiple choice, December diet): 30%
Take Home Exam (MCQ section: 7.5%, problem section: 7.5%, essay 15%): 30%
Online Tests: 10%
- Online test mark for each semester will be the average of the highest 5 marks.
- Tutorial attendance: penalty 6 marks deducted for 5 missed tutorials, 12 marks deducted for 7 missed tutorials, 18 marks deducted for 9 missed tutorials. |
Special Arrangements
Not entered |
Contacts
Course organiser |
Dr Kohei Kawamura
Tel: (0131 6)51 3759
Email: Kohei.Kawamura@ed.ac.uk |
Course secretary |
Ms Dawn Mcmanus
Tel: (0131 6)50 8361
Email: Dawn.McManus@ed.ac.uk |
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copyright 2010 The University of Edinburgh -
1 September 2010 5:49 am
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