Undergraduate Course: Economics 2A (ECNM08023)

Course Outline
School	School of Economics	College	College of Arts, Humanities and Social Sciences
Credit level (Normal year taken)	SCQF Level 8 (Year 2 Undergraduate)	Availability	Not available to visiting students
SCQF Credits	40	ECTS Credits	20
Summary	Note: this course is only for students who completed Economics 1 in or before 2020/2021, and who took an authorised interruption of studies in 2021/2022, and for students repeating Economics 2 if they took Economics 2 prior to 2022-23. All other students should enrol on ECNM08006, Economics 2. This intermediate level course is intended to develop a rigorous understanding of core microeconomic and macroeconomic models and analysis, together with an ability to apply the analysis in a variety of contexts. It is a required course for students intending to proceed to an Honours degree involving Economics.
Course description	This course is intended to develop a rigorous understanding of core economic models and analysis, together with an ability to apply the analysis in a variety of contexts. The first semester looks at the theory of the firm and market structure, factor markets, externalities, the role of government and general equilibrium, with applications to monopoly and oligopoly, stock markets, property rights and public goods. Along with two economics lectures each week, a third lecture will focus on mathematical techniques including constrained optimisation. The second semester looks at macroeconomics and includes topics such as monetary and fiscal policy, the open economy, exchange rate systems and monetary union, business cycles, economic policy and financial markets. The course is taught through a programme of lectures and tutorials. Learning-by-doing, through problem solving and tutorial work, is an important ingredient of the course, with regular practice tests to reinforce an active approach to learning. Students with a weak maths background will need to be prepared to work at developing their maths skills. A passing course mark is an overall mark of 40% or higher. However, candidates must also pass the final examination with a mark of 40% or above in order to pass the course. Failure to do so will result in a forced fail (FF) regardless of the candidate's coursework mark.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites	Students MUST have passed: Economics 1 (ECNM08013)	Co-requisites
Prohibited Combinations		Other requirements	Note: this course is only for students who completed Economics 1 in or before 2020/2021, and who took an authorised interruption of studies in 2021/2022, and for students repeating Economics 2 if they took Economics 2 prior to 2022-23. All other students should enrol on ECNM08006, Economics 2.

Course Delivery Information

Academic year 2022/23, Not available to visiting students (SS1)		Quota: 0
Course Start	Full Year
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 400 ( Lecture Hours 60, Seminar/Tutorial Hours 18, Programme Level Learning and Teaching Hours 8, Directed Learning and Independent Learning Hours 314 )
Assessment (Further Info)	Written Exam 75 %, Coursework 25 %, Practical Exam 0 %
Additional Information (Assessment)	Tutorials/Homework: 10% Group Project (Semester 1): 5% Essay (Semester 2): 10% December exam: 25% Degree Exam (Pass required): 50% Resit exam (August Diet): 100%
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S1 (December)			1:30
Main Exam Diet S2 (April/May)			3:00
Resit Exam Diet (August)			3:00

Learning Outcomes
On completion of this course, the student will be able to: A knowledge and understanding of microeconomic and macroeconomic analysis, including principles, models and associated mathematical and statistical techniques, along with applications and policy implications of those models. 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. Personal effectiveness through task-management, time-management, 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.