澳门六合彩开奖记录
AP2EE4-Economics 3
Module Provider: Agr and Food Econ
Number of credits: 10 [5 ECTS credits]
Level:5
Terms in which taught: Autumn term module
Pre-requisites: AP1EE3 Economics 1 and AP1EE1 Economics 2
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2019/0
Email: a.kehlbacher@reading.ac.uk
Type of module:
Summary module description:
This module builds on Economic 1 and 2. At the end of the module students will be able to understand and use economic theory when applied to supply and demand and economic decision making by consumers and firms. Student will be able to systematically investigate economic relationships and interactions between consumers and firms and how markets including financial markets function. Students will have developed an understanding of the mechanism behind recent economic event such as the wold food price crisis and the financial crisis. Students will also understand the role of public policy and market dynamics, i.e. how markets work and don鈥檛 work.
Aims:
This module builds on Economic 1 and 2. At the end of the module students will be able to understand and use economic theory when applied to supply and demand and economic decision making by consumers and firms. Student will be able to systematically investigate economic relationships and interactions between consumers and firms and how markets including financial markets function. Students will have developed an understanding of the mechanism behind recent economic event such as the wold food price crisis and the financial crisis. Students will also understand the role of public policy and market dynamics, i.e. how markets work and don鈥檛 work.
Assessable learning outcomes:
At the end of this course students will:
- Understand the representation of consumer preferences with indifference curves
- Be able to apply indifference curves to analyse issues in consumer choice
- Understand the competitive model of the firm.
- Understand the theory of Monopolistic firms.
- Be able to explain how different pricing strategies arise in imperfect competition and understand the effects of these on welfare.
- Understand externalities and how to correct them.
- To understand the how behavioural economics can address some of the shortcomings of the traditional economic approach
Additional outcomes:
Outline content:
- Economic models, Scarcity, Work and Choice
- Social interactions
- The firm and its customers
- Banks, money and credit markets
- Rent seeking, price seeking and market dynamics
- The Financial Crisis
- Market efficiency and public policy
Brief description of teaching and learning methods:
It is expected that students will spend at least 8 hours per week in private study for this course.听It is recommended that this should include reading the online textbook recommended below, writing augmented notes based on the lectures and the reading, and testing your knowledge using the formative MCQ given in the book and in lectures.
Textbook available at: https://www.core-econ.org/the-economy/
听 | Autumn | Spring | Summer |
Lectures | 16 | ||
Guided independent study: | 听 | 听 | 听 |
听 听 Advance preparation for classes | 16 | ||
听 听 Revision and preparation | 68 | ||
听 | 听 | 听 | 听 |
Total hours by term | 100 | 0 | 0 |
听 | 听 | 听 | 听 |
Total hours for module | 100 |
Method | Percentage |
Class test administered by School | 100 |
Summative assessment- Examinations:
Summative assessment- Coursework and in-class tests:
Two听in-class tests mid and end of term, each 50 minutes
Formative assessment methods:
Practice multiple-choice tests will be provided for every topic in the course.
Penalties for late submission:
The Module Convener will apply the following penalties for work submitted late:
The University policy statement on penalties for late submission can be found at:
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.
Assessment requirements for a pass:
A mark of 40% overall.
Reassessment arrangements:
By multiple-choice examination in August
Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:
Last updated: 8 April 2019
THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.