Form C4
Heriot-Watt University - Course Descriptor
1. Course
Code
C27BA
2. Course
Title
5. School
Management & Languages
7. Delivery:
Location &
Semester
Edin
SBC
Orkney
Dubai
IDL
Collaborative Partner
Approved Learning Partner
Sem 2
Sem…….
Sem………..
Sem……2
Sem 2
Name…………………….....Sem..…...
Name See attached list…
8. Pre-requisites
None
9. Linked Courses
(specify if synoptic)
10. Excluded Courses
None
11. Replacement Courses
Code:
Introductory Macroeconomics
6. Course
Co-ordinator
7
4. Credits
15
Valerie Dickie
Sem…2..
Introductory Economics (Elective), Business Economics
12. Degrees for which
this is a core course
Date Of Replacement:
13. The course may be
delivered to:
3. SCQF
Level
UG only
PG only
UG & PG
All AEF & Business Management programmes
14. Available as an Elective?
Yes
No
15. Aims
The aim of this course is to equip students with knowledge and understanding of the fundamental principles and concepts of macroeconomics. By the end of the course
students should be able to apply their knowledge and understanding in the analysis of a range of economic policy problems.
16. Syllabus
Introduction - the main issues, the national economy – circular flow of income.
Measuring national income, output and expenditure.
Inflation
Indices – CPI, RPI ,GDP deflator
Aggregate Expenditure Model
The autonomous expenditure multiplier
Money defined - functions of money, demand and supply.
Monetary institutions – the central bank and financial intermediaries
Aggregate Demand and Supply Model
Fiscal and monetary policy.
Unemployment and inflation.
The open economy – financing international trade – the balance of payments and exchange rates
The macroeconomic debate today.
.
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Form C4
Heriot-Watt University - Course Descriptor
17. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)
Subject Mastery
Understanding, Knowledge and Cognitive Skills
Scholarship, Enquiry and Research (Research-Informed Learning)






Personal Abilities
key concepts and principles of macroeconomics
- economic theory, models of the economy and methods of
elementary analysis
- how to apply economic reasoning to policy issues in a critical
manner
Industrial, Commercial & Professional Practice
 the ability to identify and assess key
macroeconomic problems and policy options.
 - familiarity with the possibility that many
economic problems may admit of more than
one approach, and may have more than one
solution

Development of
- general study and enquiry skills
- the ability to apply knowledge and skills to the solution of elementary
theoretical and applied problems in economics
- the ability to deploy skills of abstraction, simplification and analysis
Autonomy, Accountability & Working with Others
 - the ability to work autonomously and
collaboratively
18. Assessment Methods
Method
19. Re-assessment Methods
Duration of Exam
Weighting (%)
Synoptic courses?
(if applicable)
Coursework
Examination
Communication, Numeracy & ICT
 - the ability to draw on text-based,
graphical and statistical sources of
information (sourcing and
gathering information)
 - the ability to handle data and to
use it in analysing simple
economic problems
 - the ability to communicate the
results of economic analysis
2 hours
Method
Duration of Exam
(if applicable)
40%
60%
20. Date and Version
Date of Proposal
02 February 2013
Date of Approval by
School Committee
Date of
Implementation
Version
Number
2/2
Diet(s)