IF0C2J: Foundation Economics - Macroeconomics

Module code: IF0C2J

Module provider: International Study and Language Institute

Credits: 20

Level: Foundation Level

When you'll be taught: Semester 2 / Summer

Module convenor: Dr Vee Muruko-Jaezuruka, email: v.muruko-jaezuruka@reading.ac.uk

Pre-requisite module(s):

Co-requisite module(s): IN THE SAME YEAR AS TAKING THIS MODULE YOU MUST TAKE IF0C1J (Compulsory)

Pre-requisite or Co-requisite module(s):

Module(s) excluded:

Placement information: NA

Academic year: 2024/5

Available to visiting students: No

Talis reading list: Yes

Last updated: 29 August 2024

Overview

Module aims and purpose

The module introducesstudents to the basic principles of macroeconomics. Students will learn the basic concepts and models used by economists to comprehend the overall performance of the economy and the discussions found in the media. The module will put emphasis on major important issues related to economic growth, standard of living, inflation and unemployment.

Module learning outcomes

By the end of the module, it is expected that students will be able to:

1. explain the basic principles of macroeconomics
2. demonstrate an understanding of macroeconomic problems and political issues
3. discuss the basic concepts and tools of macroeconomic analysis in the real world

Module content

• Introduction to Macroeconomics objectives 
• Equilibrium and the Economy 
• Economic Growth and the Economic Cycle 
• National income and the Standard of Living 
• Aggregate Demand, Aggregate Supply and the Price Level Consumption and Investment and the Keynesian model 
• Unemployment 
• Inflation and the Phillips Curve 
• Money 
• Fiscal and Monetary Policy 
• International Trade and Exchange Rate 
• Balance of Payments and Protectionism. 

Structure

Teaching and learning methods

Lectures and seminars during the Summer period. The lectures will cover all the basic learning materials. Seminars will cover material based on lecture topics and will provide time for students to ask questions.

Weekly surgery hours for individual assistance as required.

The schedule of this module, including start and finish dates, follows that of the January Start Foundation, which does not follow standard University Semesters. There is however significant overlap and Semesters referred to in this document are the University Semesters where most of this module teaching will take place. Information about specific key module dates will be provided by the International Foundation Programme prior to the start of the course.

Study hours

At least 40 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

Students need to achieve an overall module mark of 40% to pass this module.

Summative assessment

Penalties for late submission of summative assessment

The Support Centres will apply the following penalties for work submitted late:

Assessments with numerical marks

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of three working days;
• the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
• where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three working days after the original deadline (or any formally agreed extension to the deadline), no penalty shall be imposed;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

Assessments marked Pass/Fail

• where the piece of work is submitted within three working days of the deadline (or any formally agreed extension of the deadline): no penalty will be applied;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension of the deadline): a grade of Fail will be awarded.

The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmission.pdf

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

Coursework will be set for most of the tutorials. 

Reassessment

Additional costs