Bangor University

Transfer Abroad Undergraduate Programme

Module Implementation Plan

MODULE: / BUS-111 Micro Economics
BUS-112 Macro Economics / LECTURER: / Peter Rumble
INTAKE: / 2013 Intake / SEMESTER: / 3
ACTIVITY TYPES: / Lecture, presentation, quiz, exam, workshop

Start Date: Sept 03, 2014

End Date: Sept 26, 2014

Year / Semester / Academic weeks / Module Code / Module Name / Credits / Lecture hrs/week / Tutorial Hrs/week
/ Weeks
II / 2014 Fall / Week 1 ~4
2014/9/3~2014/9/26 / BUS-111 / Micro Economics / 10 / Session 1
Mon ~Thu 0830 ~1100 Fri 0830~0930
Tutorial
Mon ~Thu 1430~ 1530 Fri 0945~1045 / 5 hours/ week / 4
BUS-112 / Macro Economics / 10

Course Detail:

Students will cover the basic concepts and applications of the Economic Environments based around the individual components – the Micro Economic aspects and the wider aspects of the economy Macro

Assessment

Assessment Types / Dates / Value
Class Participation
Attendance
Quiz I
Quiz II
Group Paper
Final Exam / 12th September – 26th September / 100%
Week / Activity Type / Scheduled Contact Hours / Activity Details / Core Reading + Additional Reading + Practice Material / Learning Outcomes / Student Preparation for Tutorial
Week 01
Wednesday
Sept 03 / Lecture / 2.5 hr / Key Economic Principles
Micro Elements
Demand and Supply 1 / Chapter 1
Chapter 2
Chapter 4 / Students will learn and understand the basic principles of Economics and the role of Demand and Supply / Read summaries Chapters 2 & 4
Tutorial / 1hr / Discuss Problems and Applications from Chapters 2 & 4
Thursday
Sept 04 / Lecture / 2.5 hr / Supply and Demand 2
Elasticity
Introduction to costs / Chapter 4
Chapter 5
Chapter 13 / Students will understand the concept of Elasticity within Demand and Supply and be able to carry out relevant calculations. / Read problems and applications from Chapter 5
Tutorial / 1 hr / Exercises in Elasticity Chapter 5
Friday
Sept 05 / Lecture / 1 hr / Consumers, Producers and the Efficiency of Markets
Reprise Week1 / Chapter 7 / Students will understand the interaction between consumers and producers with the impact on markets. / Read Chapter 2 – Thinking Like an Economist
Read Chapters 8,13,14 &18 for 9th September
Week 02
Monday
Sept 08 / Mid-Autumn Festival
Tuesday
Sept 09 / Lecture / 2.5 hr / The Firm – Production / Costs
Factors of Production
Taxation of Firms and Households / Chapter 8
Chapter 13
Chapter 14
Chapter 18 / Students will understand the micro economic aspects of the firm, the concepts of costs and the impact of taxation. / Read Problems and Applications C13.
Tutorial / 1hr / Exercises in production costs
Wednesday
Sept 10 / Lecture / 2.5 hr / Market Structures / Chapter 15
Chapter 16
Chapter 17 / Students will understand market structures and their applications. / Read Adidas Case Study and Porter 5 Forces Analysis
Tutorial / 1hr / Porter’s Five Forces – the Market Drivers for Sports Shoes
Thursday
Sept 11 / Lecture / 2.5 hr / Revision – Examination Preparation / Students will revise the key micro aspects notably Elasticity, Demand and Supply. / Revision worksheets.
Tutorial / 1hr / MCQ practice – Supply and Demand Graphs
Friday
Sept 12 / 2 hr / Micro Economics Final Examination
Week 03
Monday
Sept 15 / Lecture / 2.5 hr / Introduction to Macro Economics
National Income / GDP
Production and Growth / Chapter 23
Chapter 25 / Students will understand the scope of Macro Economics, the importance of measuring a Nation’s Income and Growth Theories / Read Problems and Applications C23
Tutorial / 1hr / Exercises in calculating the GDP.
Tuesday
Sept 16 / Lecture / 2.5 hr / Measuring the Cost of Living
Savings, Investments and the Financial System
The Basic Tools of Finance / Chapter 24
Chapter 26
Chapter 27 / Students will understand the importance of international comparisons, the role of savings and investments. / Read Chapter 24 Problems and Applications
Tutorial / 1hr / The McDonald Index
Wednesday
Sept 17 / Lecture / 2.5 hr / The Monetary System
Monetary Growth and Inflation / Chapter 29
Chapter 30 / Students will understand the role played by the monetary system and the causes of inflation. / Quantititaive Easing – Economist Article
Tutorial / 1hr / The Roles of Central Bankers
Thursday
Sept 18 / Lecture / 2.5 hr / Aggregate Demand and Supply 1
Unemployment / Chapter 33
Chapter 28 / Students will understand the concept of Aggregate Demand and Supply.
Students will be able to discuss and explain the main factors determining the nature of Employment. / Read article Generation Jobless – The Economist
Tutorial / 1hr / The future of employment - Generation Jobless – Discussion
Friday
Sept 19 / Lecture / 1 hr / Introduction to International Factors / Chapter 3 / Students will understand the impact of International Trade
Week 04
Monday
Sept 22 / Lecture / 2.5 hr / International Aspects
Currency – Exchange Rates / Chapter 9
Chapter 31/32 / Students will understand the role palyed by Globalisation and International Trade. / Read article Protectionism- the Hidden Persuaders – The Economist.
Tutorial / 1hr / The World Trade Organisation
Tuesday
Sept 23 / Lecture / 2.5 hr / Monetary Policy
Government Spending
Taxation / Chapter 34 / Students will understand the role played by Governments in Macro Economics. / Read Monetary policy after the crash. - Economist
Tutorial / 1hr / Discuss - Monetary policy after the crash
Wednesday
Sept 24 / Lecture / 2.5 hr / Contemporary Economic Issues / Chapter 36 / Students will be able to identify and discuss contemporary issues in macro economics. / Article – the Business Cycle.
Tutorial / 1hr / The 2008 Global Financial Crisis
Thursday
Sept 25 / Lecture / 2.5 hr / Revision Examination Preparation / Students will revise and identify key macro economics themes and clarify their understanding. / Identify gaps in knowledge and understanding
Tutorial / 1hr / Revision Examination Preparation
Friday
Sept 26 / Final Exam for Macro Economics

;/.;’/