Undergraduate Course: Economic Principles (ECNM08004)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 8 (Year 1 Undergraduate)	Availability	Available to all students
SCQF Credits	20	ECTS Credits	10
Summary	The course is intended to provide a broad introduction to the basic principles of economic analysis. The course is primarily aimed at students who want to obtain a broad but basic insight into economics, but do not intend (or want to keep open the option) to progress to further study of economics in their 2nd year. Students who do plan (or want to keep open the option) to progress to Economics 2 should take Economics 1. Students on Economics programmes, who have not previously studied economics, may find it useful to take Economic Principles alongside Economics 1.
Course description	The course is intended to provide a broad introduction to the principles of microeconomic and macroeconomic analysis. Course content varies from year to year, but would typically address the microeconomic analysis of the behaviour of individuals and firms, the operation of markets, and government intervention in markets through taxes and regulation; and the macroeconomic analysis of the behaviour of economy-wide measures such as output, unemployment, money, interest rates, and inflation. The course is taught through a programme of lectures and tutorials. The course relies primarily on words, diagrams and numerical illustrations. The use of formal mathematics is limited and basic. The recommended textbook is: The recommended textbook is: Mankiw and Taylor 'Economics', latest edition. The course is primarily aimed at students who want to obtain a broad but basic insight into economics, but do not intend (or want to keep open the option) to progress to further study of economics in their 2nd year. Students who do plan (or want to keep open the option) to progress to Economics 2 should take Economics 1. Students on Economics programmes, who have not previously studied economics, may find it useful to take Economic Principles alongside Economics 1.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites		Co-requisites
Prohibited Combinations	Students MUST NOT also be taking Economic Principles and Applications (ECNM08002) Students MUST NOT also be taking Economics 2 (ECNM08006)	Other requirements	Students who have already taken Economics 1A should not be registered for this course. May not be taken concurrently or after Economics 2.

Information for Visiting Students
Pre-requisites	None
High Demand Course?	Yes

Course Delivery Information

Academic year 2016/17, Available to all students (SV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 9, Summative Assessment Hours 3, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 164 )
Assessment (Further Info)	Written Exam 75 %, Coursework 25 %, Practical Exam 0 %
Additional Information (Assessment)	Teamwork Project (project report, semester 1): 15% Class Exam (multiple choice, December diet): 20% Degree Exam (May diet): 55% Online Tests: 5% Tutorial Attendance: 5% Resit Exam (August diet): 100% Visiting Students (VV1) Teamwork Project (project report, semester 1): 15% Class Exam (multiple choice, December diet): 30% 2 Essays (1500 words): 45% Online Tests: 5% Tutorial Attendance: 5%
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S1 (December)	Economic Principles		1:00
Main Exam Diet S2 (April/May)	Economic Principles		2:00
Resit Exam Diet (August)	Economic Principles		2:00

Academic year 2016/17, Part-year visiting students only (VV1)		Quota: 1
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 9, Summative Assessment Hours 1, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 166 )
Assessment (Further Info)	Written Exam 30 %, Coursework 70 %, Practical Exam 0 %
Additional Information (Assessment)	Teamwork Project (project report, semester 1): 15% Class Exam (multiple choice, December diet): 20% Degree Exam (May diet): 55% Online Tests: 5% Tutorial Attendance: 5% Resit Exam (August diet): 100% Visiting Students (VV1) Teamwork Project (project report, semester 1): 15% Class Exam (multiple choice, December diet): 30% 2 Essays (1500 words): 45% Online Tests: 5% Tutorial Attendance: 5%
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S1 (December)	Economic Principles		1:00

Learning Outcomes
On completion of this course, the student will be able to: A knowledge and understanding of microeconomics and macroeconomic principles, and of economic issues through application of these principles. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments. Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others. Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.

Reading List
Mankiw and Taylor 'Economics'

Additional Information
Graduate Attributes and Skills	See Learning Outcomes
Additional Class Delivery Information	Weekly one-hour tutorials to be arranged in addition.
Keywords	Not entered

Contacts
Course organiser	Ms Athanasia Arnokourou Tel: Email: A.Arnokourou@ed.ac.uk	Course secretary	Ms Ruth Cusack Tel: (0131 6)51 5993 Email: Ruth.Cusack@ed.ac.uk