THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2017/2018

University Homepage
DRPS Homepage
DRPS Search
DRPS Contact
DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Economic Principles (ECNM08004)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 8 (Year 1 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThe 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 who are enrolled on Economics 1 should not also enrol on Economic Principles.
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 who are enrolled on Economics 1 should not also enrol on Economic Principles.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Students MUST NOT also be taking Economics 1 (ECNM08013) OR Economics 2 (ECNM08006)
Other requirements Students who have already taken Economics 1 should not be registered for this course.

May not be taken concurrently or after Economics 2.
Information for Visiting Students
Pre-requisitesNone
High Demand Course? Yes
Course Delivery Information
Academic year 2017/18, Available to all students (SV1) Quota:  0
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%
Mid-Term Exam (multiple choice): 20%
Degree Exam (December diet): 55%
Online Tests: 5%
Weekly Homework: 5%

Resit Exam (August diet): 100%
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S1 (December)Economic Principles2:00
Resit Exam Diet (August)Economic Principles2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. A knowledge and understanding of microeconomics and macroeconomic principles, and of economic issues through application of these principles.
  2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  3. Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
  4. 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.
  5. 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.
KeywordsNot entered
Contacts
Course organiserMr Jovan Vojnovic
Tel: (0131 6)50 8356
Email: Jovan.Vojnovic@ed.ac.uk
Course secretaryMiss Ruth Cusack
Tel: (0131 6)51 5993
Email: Ruth.Cusack@ed.ac.uk
Navigation
Help & Information
Home
Introduction
Glossary
Search DPTs and Courses
Regulations
Regulations
Degree Programmes
Introduction
Browse DPTs
Courses
Introduction
Humanities and Social Science
Science and Engineering
Medicine and Veterinary Medicine
Other Information
Combined Course Timetable
Prospectuses
Important Information