Undergraduate Course: Economics: an introduction (LLLJ07005)
|School||Centre for Open Learning
||College||College of Humanities and Social Science
|Credit level (Normal year taken)||SCQF Level 7 (Year 1 Undergraduate)
||Availability||Not available to visiting students
|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.
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
9. Profit maximisation
10. Profit maximisation continued and alternatives to profit maximisation
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| None
|Additional Costs|| None
Course Delivery Information
|Not being delivered|
| 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.
Harvey, J., 1999. Mastering Economics, 5th ed., London: Macmillan
Marchbanks, D., 2012. You Can Pass Economics. [e-book] Los Gatos, Ca: Smashwords. Available through: Smashwords [Accessed 10 July 2012].
Economics theory - www.bized.ac.uk
Handouts will be provided when required.
|Graduate Attributes and Skills
|Course organiser||Mr James Mooney
Tel: (0131 6)50 3077
|Course secretary||Mr Benjamin Mcnab
Tel: (0131 6)51 4832