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The University of Southampton
Courses

ECON1009 Introduction to Economics For Non-Economists

Module Overview

This module introduces economic principles, theories, and methods of analysis. It provides a framework for the application of economic theory to real-world problems. The module will cover key concepts in economics. It will provide a non-technical overview of the field. The module is aimed at non-economists and so does not involve advanced mathematical techniques. Some basic mathematics will be taught. No prior knowledge of economics is required. One of the pre-requisites for ECON2013

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • Learn about key economic thinkers and their contributions to economic thought and to public debates
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Use formulae to calculate key economic indicators such as elasticities and consumer surplus
  • Draw out supply and demand diagrams and interpret them
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Understand and use economic concepts such as opportunity cost, marginal analysis and signalling
  • Identify which economic theories form part of particular political arguments
Learning Outcomes

Having successfully completed this module you will be able to:

  • Critically evaluate the assumptions and limitations of the economic theories and arguments presented in class
  • Identify the relevant economic concept which needs to be used in a particular case.
  • Apply economic theory to real-world problems

Syllabus

The following main topics will be covered in this module: Key thinkers in Economics Supply and Demand Elasticities Taxation Market Structures Game Theory Labour and Unemployment Market Failure Insurance Money and Banks Shares

Learning and Teaching

Teaching and learning methods

There are 24 lectures and 8 tutorials in this module. Extra online learning materials are also provided.

TypeHours
Teaching32
Independent Study118
Total study time150

Resources & Reading list

Gregory Mankiw (2014). Economics. 

HS Talks.

The Economist Magazine. A magazine aimed at a well-informed readership. This magazine discusses economic issues and also introduces readers to key concepts. It is available online via the University library, in hard copy in the Library or by subscription.

Khan Academy.

In Our Time.

Assessment

Assessment Strategy

The final exam has a weight of 80%. There are two assessed courseworks which each count for 10% of the module mark. Each coursework consists of an online multiple choice test. This is individual work. Referral is 100% based on an exam.

Summative

MethodPercentage contribution
Blackboard-based self-assessment exercises and quizzes 10%
Blackboard-based self-assessment exercises and quizzes 10%
Exam  (2 hours) 80%

Repeat

MethodPercentage contribution
Exam 100%

Referral

MethodPercentage contribution
Exam 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Books and Stationery equipment

Recommended readings for this module are available online via Blackboard. The University Library also has hard copies of some texts. Students may wish to purchase a textbook, but is not compulsory.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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