Introduction to Economics I (SOCS0030)

Key information

Faculty: IOE
Teaching department: Social Research Institute
Credit value: 15

Restrictions: This module is only available to students on BSc Social Sciences and BSc Social Sciences with Data Science.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

This module is a first year core course that prepares students for the second year optional module, 'Economics of Public Policy'. It is both an introduction to economic way of thinking, as well as a basic microeconomic theory module. It demonstrates how market-level phenomena is built up from individual decisions of economic agents, discusses when market forces work and when they fail. All topics will be covered with a strong policy focus and no advanced mathematics will be used. The module aims to familiarize students with basic concepts and principles of economic thinking, and also to teach students a solid understanding of a basic modelling toolkit to analyse how simple versions of public policies (e.g. taxes, antitrust regulations or insurance policies) may affect economic outcomes. Students will also get a flavour of how microeconomics is used in public policy debates.

Module deliveries for 2024/25 academic year

Intended teaching term: Term 1 听听听 Undergraduate (FHEQ Level 4)

Teaching and assessment

Mode of study: In person
Methods of assessment: 70% Fixed-time remote activity

30% Coursework
Mark scheme: Numeric Marks

Other information

Number of students on module in previous year: 80
Module leader: Dr Hedvig Horvath
Who to contact for more information: bsc-socsciencesdatascience@ucl.ac.uk

Last updated

This module description was last updated on 8th April 2024.

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Important information

The catalogue has been updated with key information about the modules that will run during the 2024/25 academic session. Current and prospective students can browse through the catalogue to consider possible module choices for the coming year.

Please note,听information in the catalogue is听subject to change as teaching and assessment arrangements for 2024/25 may need to be adjusted in line with the University's Feedback and Assessment principles and operating model.

Centrally managed exam durations will be provided on students' individual exam timetables. Arrangements for locally managed exams and in-class activity will be confirmed by the teaching department for the module.

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