ECONOMICS IN SOCIAL CONTEXT

SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1L123116
Module Leader Emily Thomson
School Glasgow School for Business and Society
Subject Economics
Trimesters
  • A (September start)-B (January start)
  • B (January start)-A (September start)

Pre-Requisite Knowledge

None

Summary of Content

This module provides an introduction to economic inquiry with an emphasis on a broad definition of economics; how society organises itself to sustain human life and enhance its quality. In doing so, the module will introduce students to -360b7 the basic concepts and language of economics from a broad perspective b7 key features of a mixed market economy b7 critical consideration of the models and assumptions of modern economics b7 economic aspects of individual behaviour (micro-economics) and b7 contemporary issues relevant to the economy at large (macro-economics) including economic policy and measurement. Throughout, the module will emphasise the importance of critical engagement with the discipline, providing a variety of viewpoints on economic theory and problems, and considering issues that traditional introductory economics courses typically underemphasise such as gender, poverty and ecology. These topics may be of particular interest to social science students and will complement the other disciplines being considered as part of a broad social science curriculum.

Syllabus

-360 1. Economics in Social Context: Defining the economy and economic approach, behaviour of economic agents (including government and corporate power): Key features of a mixed economy 2. Economic Tools and Concepts: standard concepts of economic modelling, efficiency, opportunity cost, the advantages and disadvantages of market systems 3. Consumption and the consumer society: basics of demand and supply analysis, motivations behind consumer behaviour and ecological impact of consumption, market structures and impact on the consumer 4. Macroeconomic Activity in Context: introduction to macroeconomic goals in the broader context of human wellbeing Macroeconomic Measurement: overview of innovations in national accounting related to wellbeing including satellite accounts for household production, wellbeing indicators and the Human Development Index

Learning Outcomes

: On successful completion of this module, the student should be able to:" use economic vocabulary and concepts to consider key social issues including economic inequality" identify and use appropriate tools of economic analysis to develop an understanding of how society organises itself for production and consumption" interpret economic evidence relating to the macro-economy and understand the limitations of different approached to economic modelling in the macroeconomy" understand how governments intervene in markets and the rational for economic policy" identify aspects of globalisation from an economic and ethical standpoint

Teaching / Learning Strategy

This module will be delivered one lecture and one seminar hour per week across Trimesters 1 and 2. Each topic area will be delivered over roughly four weeks and seminars will be based around set discussion questions which will be available on GCULearn the week before. Every fourth week (to coincide with the completion of delivery of each topic) the seminar hour will be devoted to (assessed) student group presentations (in week 5, 9, 13, 17 and 21). GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission

Indicative Reading

-567 Books and articles: Goodwin, N, J Nelson, F Ackerman and T Weisskopf (2009) 'Microeconomics in Context' 2 nd Edition; New York: ME Sharpe Goodwin, N, J Nelson, F Ackerman and T Weisskopf (2009) 'Macroeconomics in Context' 2nd Edition; New York: ME Sharpe Smith, D (2003) 'Free lunch : easily digestible economics, served on a plate' London: Profile Online resources: Global Development and Environment Institute <http://www.ase.tufts.edu/gdae/> The Economist <http://www.economist.com/> New Economics Foundation <http://www.neweconomics.org/> Green economics Institute <http://www.greeneconomics.org.uk/> Post-Autistic Economics Network and the Real World Economics Review <http://www.paecon.net/> International Association for Feminist Economics <http://www.feministeconomics.org/>

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: Analytical and critical thinking skills Communication skills (oral and written) Discussion skills Essay writing Problem solving skills Interpersonal skills Time management skills Team working skills

Module Structure

Activity Total Hours
Seminars 22.00
Lectures 22.00
Assessment 40.00
Independent Learning 116.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 n/a 30.00 35% Group Presentation and written report 750-1000W per group member
Coursework 3 n/a 40.00 35% Written Test (Short Answer Questions) to be conducted in class
Coursework 2 n/a 30.00 35% Individual Essay 1500 words