Overview

The module will provide an overview of the history of global economic development and introduce some of the tools and models that economists have used to explain this experience. The module will consider models of individual choice and game theory and models of firm behaviour and market interaction. These models will be used to help understand many of the features of both the past and the contemporary world, including population and economic growth over time; inequality and climate change.

Assessment Strategy

-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

-good -B- to B+ (60-69%): Very good performance. Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

-excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

-another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

Learning Outcomes

• Analyse how firms and households interact within product markets.

• Demonstrate a knowledge of the broad history of economic development and key historical economic events.

• Demonstrate an understanding of economic decision-making by individuals and firms.

• Demonstrate an understanding of economic relationships and interactions.

• Demonstrate understanding of verbal, graphical, numerical and mathematical representations of economic ideas and concepts.

• Show understanding of analytical methods: apply core economic concepts and economic reasoning to applied topics.