Introduction to Economic Principles II
This unit introduces students to key introductory micro-economic concepts and objectives. Consumer demand and firms' supply and business supply models, the three basic microeconomic models of the market and the implications of market structures on the individual, business and wider society as a whole are examples of topics to be covered. Topic areas could also include environmental economics; income distribution, ethics - inequality and the impact on individual consumers; raising government revenues through individual and corporate taxation. The Unit develops the foundations for the more advanced topics covered at Intermediate Economic Principles I and II, at Year 2 and Advanced Economic Principles I and II at Year 3.
Global Business Environment I
This unit explores the important and variously defined concept of globalisation, and analyse contrasting perspectives and views on the nature and potential impact of globalisation at the country level. This analysis will consider country factors that mediate the impact of globalisation, including the political, economic and legal systems, and the available resources, for example skills within the labour force, infrastructure, geographic location, natural resources.
Global Business Environment II
Building on the knowledge acquired in GBE1, this unit explores the nature and outcome of firm activities in home and chosen host locations. The theory and practice of international business strategy and market entry methods (export agreements, FDI, JV etc.) are explored, and the potential (and historical) outcomes evaluated. The ethical and environmental risks posed by international operations are explored and authentic responses and outcomes evaluated.
Introduction to Statistics PPD
Starting with a review of probability theory, this course develops students’ knowledge of statistical distributions and inference, before moving on to statistical testing and basic statistical techniques for the analysis of data. As data collection and assessment is essential for Economists the Unit also draws on PPD elements of data evaluation and presentation of key findings. The latter could take place on individual presentations, tailored to the specific needs of each student. Students will have to raise their self-awareness and be reflective (following feedback) on their own ability to communicating findings clearly and concretely. This will provide the foundations for Units at Years 2 and 3 (e.g., Current Issues I - PPD).
Mathematical Economics I
In Mathematical Economics I we will develop your ability to think about economic problems quantitatively, and through the use and application of mathematical techniques will learn how to solve them. We cover topics including: differentiation and integration, which provide the theory behind the optimisation of our production or consumption levels; and matrix algebra, allowing us to write complex economic systems in a new, compact form.
Computational Economics PPD
This Unit is designed to promote students' computing and quantitative skills. Students will be introduced to the use of University IT systems, including library systems, associated citation, and journal databases. They will also use the equation editor, styles and Endnote referencing functionality within Microsoft Word and related software. Students will also analyse data in Microsoft Excel and use Microsoft Excel’s solver functionality to solve a range of economic problems as well as an introduction to Visual Basic for Applications (VBA). Students will initially use Microsoft Excel for economic analysis, to be introduced to the STATA and R software to prepare them for subsequent units. This Unit introduces students to the quantitative skills that many employers require and is a key unit to enhance employability. Students will be also introduced to Personal and Professional Development (PPD) skills such as independence, time management, self-motivation, organisation, critical thinking, communication skills and personal values. PPD will feature in later Units as well to support students’ academic and professional success. Students will be encouraged to identify potential career paths part of the PPD process.
Data Analytics for Economics
This unit will provide students with knowledge and skills to competently handle economic data in a range of settings. The Unit will cover the principles of data storage, manipulation and retrieval; data cleaning and multiple source blending; database design; data visualisation (including geographic information systems), using practical examples. The Unit will also include introductions to programming concepts in relation to data analytics, to include an introduction to programming languages such as SQL/Python. The Unit will also introduce web scraping and the use of APIs to retrieve data.
Introduction to Economic Principles I
This unit evaluates the key domestic macro-economic objectives namely growth, inflation, unemployment and exchange rate stability via modelling, analysis, and applications – with an emphasis on assessing the UK economy within its international context. Topics to be covered could include the circular flow of income, the four sector Keynesian model, exchange rate and interest rate transmission mechanisms, money supply and money demand, supply side economics, inflation; unemployment; exchange rate systems; and growth and sustainable development. The Unit develops the macroeconomic foundations that underpin core units at Years 2 and 3 such as Intermediate and Advanced Economic Principles I and II.