ECO-40006 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

Programme/Approved Electives for 2024/25

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

None

Barred Combinations

None

Description for 2024/25

On completing this module students will gain understanding of the fundamentals of long-term growth and living standards, business cycles and stabilisation policy, and public finances. International currency markets, trade and globalisation will be covered. The role of macroeconomic government policies to ensure economic growth and stabilisation will be emphasised throughout.

This module aims to teach students the core elements of microeconomics and macroeconomics, so that they can understand developments in the aggregate economy, the workings of particular markets markets and macroeconomic policy.

Intended Learning Outcomes

analyse key determinants of national income and the role national income plays in the wider global economy.: 1
explain the implications of economic policy decisions for financial markets and its wider impact on international capital flow and financial instruments: 1
evaluate the mechanisms of fiscal and monetary policy and their use to adjust levels of inflation, national income and the determinants of the demand for and supply of labour.: 1
demonstrate a systematic understanding of demand and supply curves and their applications.: 1
demonstrate critical awareness of the determinants of long-term growth and living standards, the role of human capital, technological change and institutions.: 1

Study hours

20 hours lectures
4 hours tutorials
126 hours independent study and coursework preparation

School Rules

None

Description of Module Assessment