Core Module Information
Module title: Principles of Economics

SCQF level: 07:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: SOE07103
Module leader: Piotr Jaworski
School The Business School
Subject area group: Management
Prerequisites

N/A

Description of module content:

The module covers a number of topics which will give you a broad appreciation of a number of economic principles including the basic economic issue of resource allocation and scarcity. Alternative economic systems will be considered as well as supply, demand and elasticity concepts and market structures – perfect competition, monopoly, monopolistic competition and oligopoly. The module also examines the key issues of economic growth, inflation and unemployment and general macroeconomic policy.

Learning Outcomes for module:

LO1: Define the basic economic problem and comprehend alternative methods
of dealing with the problem of scarcity
LO2: Explain the operation of markets using economic concepts
LO3: Describe the alternative models of market structures
LO4: Understand the role of government in the economy
LO5: Define the macroeconomic objectives of economic growth, inflation and unemployment.
LO6: Identify relevant policies relating to macroeconomic objectives

Full Details of Teaching and Assessment
2022/3, Trimester 2, Face-to-Face, Edinburgh Napier University
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Piotr Jaworski
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & teaching methods including their alignment to Los
VLE based quizzes (LO 1-6) linked to lecture notes accessibility ensures that every learner revises the material on weekly bases. Furthermore, this is also strengthened by their weight in the final grade. The technology also allows for linking them with VLE tests. Material included on the VLE illustrates the theory with real examples and enables a student to tailor their individual path of learning. Also online discussions are also a tool of individualisation of the learning process which is possible due to the technology.

Embedding of employability/ PDP/ scholarship skills
LO5 Requires student to search out information and planning the approach and compiling an essay plan with timeline.
LO6 Essay requires critical appraisal and reflection.

Assessment (formative and summative)
The 11 weekly quizzes (LO 1-6) are of formative assessment character. They are not supervised and done as individual online learning activity. They are also a preparation for two supervised VLE tests (LO 1-4), which are mainly summative assessment. The 1,000 word case(LO5-6) is of mixed summative and formative character.

Research/ teaching linkages
LO 5-6 is intended to serve as a kind of introduction to research, linking the economic reality with the theory taught in the course.

Supporting equality and diversity
Large part related to VLE allows students to learn from any place, which the web access is enabled. This also eases situation of students with disabilities.

Internationalisation
The importance of the global economy is recognised in the module and an international context is provided especially in respect of the macroeconomic content of the module.


Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Tutorial 12
Online Guided independent study 80
Independent Learning Guided independent study 84
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 35 1-6 13 HOURS= 0, WORDS= 1000
Class Test 50 4 7 HOURS= 0.5, WORDS= 0
Class Test 15 1-6 6 HOURS= 0, WORDS= 0
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100
2022/3, Trimester 2, FACE-TO-FACE, Edinburgh Napier University
VIEW FULL DETAILS
Occurrence: 002
Primary mode of delivery: FACE-TO-FACE
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Piotr Jaworski
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
VLE based quizzes (LO 1-6) linked to lecture notes accessibility ensures that every learner revises the material on weekly bases. Furthermore, this is also strengthened by their weight in the final grade. The technology also allows for linking them with VLE tests. Material included on the VLE illustrates the theory with real examples and enables a student to tailor their individual path of learning. Also online discussions are also a tool of individualisation
of the learning process which is possible due to the technology.

LO5 Requires student to search out information and planning the approach and compiling an essay plan with timeline. LO6 Essay requires critical appraisal and reflection.

Large part related to VLE allows students to learn from any place, which the web access is enabled. This also eases situation of students with disabilities.

The importance of the global economy is recognised in the module and an
international context is provided especially in respect of the macroeconomic content of the module.

Formative Assessment:
The 11 weekly quizzes (LO 1-6) are of formative assessment character. They are not supervised and done as individual online learning activity. They are also a preparation for two supervised VLE tests (LO 1-4), which are mainly summative assessment

Summative Assessment:
Two supervised VLE tests (LO 1-4), which are mainly summative assessment
The 1,000 word case(LO5-6) is of mixed summative and formative character. Research/ teaching linkages LO 5-6 is intended to serve as a kind of introduction to research, linking the economic reality with the theory taught in the course.


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Tutorial 12
Online Guided independent study 80
Independent Learning Guided independent study 84
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 35 1-6 13 HOURS= 00.00, WORDS= 1000
Class Test 50 4 7 HOURS= 00.00, WORDS= 0
Class Test 15 1-6 6 HOURS= 00.00, WORDS= 0
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Indicative References and Reading List - URL:
Contact your module leader