Introduction to Economics
| Code | School | Level | Credits | Semesters |
| BUSI1117 | Nottingham University Business School China | 1 | 20 | Autumn China |
- Code
- BUSI1117
- School
- Nottingham University Business School China
- Level
- 1
- Credits
- 20
- Semesters
- Autumn China
Summary
This module introduces students to microeconomics and macroeconomics.
This module introduces students to the microeconomic theory of the market and the firm.
Topics covered include: Market Demand; Supply and Equilibrium; Firm Production and Costs; Market Structure; Perfect Competition; Monopolistic Competition; Oligopoly and Monopoly.
Target Students
Compulsory for IBE Qualifying Year students.
Classes
- One 1-hour seminar each week for 6 weeks
- One 2-hour lecture
- Two 2-hour lectures each week for 9 weeks
Assessment
- 30% Coursework: One 1,500 word microeconomics essay
- 70% Exam (2-hour): Two hour exam
Assessed by end of autumn semester
Educational Aims
To introduce students to key microeconomic tools and concepts in order to prepare them for Level 2 economic modules. It also aims to provide participants with an understanding of the nature and scope of macroeconomic policy and the economic theories upon which it is based.Learning Outcomes
Knowledge and understanding
This module develops a knowledge and understanding of:
This module develops a knowledge and understanding of:
- The development, access and operation of markets for resources, goods and services.
- Economic policy at the macroeconomic level with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
Intellectual skills
This module develops:
This module develops:
- Conceptual and critical thinking, analysis, synthesis and evaluation.
Professional practical skills
This module develops:
- The ability to apply business models to business problems and phenomena.
- The ability to understand the operation of the macroeconomy.
Conveners
- Dr Yingying Shi
Last updated 09/01/2025.