Module ASB-1172:
CORE Economics

Module Facts

Run by Bangor Business School - (Changsha)

20.000 Credits or 10.000 ECTS Credits

Semester 1 & 2

Organiser: Ms Wendy Ashurst

Overall aims and purpose

This module provides an introduction to Economics by following the syllabus of the CORE project (Curriculum in Open-access Resources in Economics). The CORE curriculum will equip students to understand how the economy has evolved and how it works by bringing advances in economics research over the past three decades, lessons from economic history and the comparative experience of different countries into the curriculum.

Course content

The module will provide an overview of the history of global economic development and introduce some of the tools and models that economists have used to explain this experience. The module will consider models of individual choice and game theory; models of firm behaviour and market interaction; as well as models of the macroeconomy. These models will be used to help understand many of the features of both the past and the contemporary world, including population and economic growth; inequality; business cycles and climate change. The module will clarify measures of economic variables and deliberate concepts of economic efficiency.

Assessment Criteria

C- to C+

50-59% Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

threshold

40-49% No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

good

60-69% Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

excellent

70% + An outstanding performance, exceptionally able. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

Learning outcomes

  1. Demonstrate understanding of verbal, graphical and numerical representations of economic ideas and concepts

  2. Demonstrate a knowledge of the broad history of economic development and key historical economic events

  3. Demonstrate an understanding of the varying nature of economic institutions and the effects of government policy.

  4. Show an understanding of analytical methods: apply core economic concepts and economic reasoning to applied topics.

Assessment Methods

Type Name Description Weight
Semester 1 exam 1.5 hours 35.00
Semester 2 exam 1.5 hours 35.00
MCQ Test #1 3.75
MCQ Test #2 3.75
MCQ Test #3 3.75
MCQ Test #4 3.75
MCQ Test #5 3.75
MCQ Test #6 3.75
MCQ Test #7 3.75
MCQ Test #8 3.75

Teaching and Learning Strategy

Hours
Lecture

One 2-hour lecture each week.

 40
Private study

To include: - reading textbooks and related literature; - preparing for lectures; - reviewing lecture materials; - preparing for and completing MCQ tests; - revising for end of semester exam.

 160

Transferable skills

  • Literacy - Proficiency in reading and writing through a variety of media
  • Numeracy - Proficiency in using numbers at appropriate levels of accuracy
  • Self-Management - Able to work unsupervised in an efficient, punctual and structured manner. To examine the outcomes of tasks and events, and judge levels of quality and importance
  • Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.
  • Argument - Able to put forward, debate and justify an opinion or a course of action, with an individual or in a wider group setting

Pre- and Co-requisite Modules

Pre-requisite of:

Courses including this module