Undergraduate Course: Economics: an introduction (LLLJ07005)
Course Outline
| School | School of Social and Political Science |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 7 (Year 1 Undergraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | This course is not available to University of Edinburgh matriculated students. This is a for-credit course offered by the Office of Lifelong Learning (OLL); only students registered with OLL should be enrolled.
Learn about basic micro-economics in a way that uncovers the connection between individual action and wider changes. Learn to predict the effects of others' decisions and maximise your own influence. An introduction to the way the market operates and to the factors involved in the creation of wealth. |
| Course description |
Content of course
1. Introduction to course and assessment
2. Demand 1
3. Demand 2
4. Supply 1
5. Supply 2
6. Factors of production
7. Economic systems
8. Costs
9. Profit maximisation
10. Profit maximisation continued and alternatives to profit maximisation
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
| Additional Costs | None |
Course Delivery Information
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| Academic year 2015/16, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Lifelong Learning - Session 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
98 )
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Open Studies 10 credit courses have one assessment. Normally, the assessment is a 2000 word essay, worth 100% of the total mark, submitted by week 12. To pass, students must achieve a minimum of 40%. There are a small number of exceptions to this model which are identified in the Studying for Credit Guide. |
| Feedback |
Not entered |
| No Exam Information |
Learning Outcomes
By the end of the course, participants should be able to:
. For a variety of circumstances, predict the influence on the equilibrium price of changes in factors affecting supply and demand;
. Suggest ways in which real-life problems such as shortages, queues, black markets, rationing, over-supply and wastage can be addressed by either price movements or government initiated shifts in demand and supply;
. Relate their own individual economic actions to society and to the economy as a whole.
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Reading List
Essential
Harvey, J., 1999. Mastering Economics, 5th ed., London: Macmillan
Recommended
Marchbanks, D., 2012. You Can Pass Economics. [e-book] Los Gatos, Ca: Smashwords. Available through: Smashwords [Accessed 10 July 2012].
Web sources
Economics theory - www.bized.ac.uk
Class handouts
Handouts will be provided when required.
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Special Arrangements |
None |
| Keywords | Not entered |
Contacts
| Course organiser | Mr James Mooney
Tel: (0131 6)50 3077
Email: james.mooney@ed.ac.uk |
Course secretary | Mrs Diane Mcmillan
Tel: (0131 6)50 6912
Email: D.McMillan@ed.ac.uk |
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© Copyright 2015 The University of Edinburgh - 18 January 2016 4:23 am
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