Level of study First Year
Credit value 10
Pre-requisite modules None
Other pre-requisites Co-requisite - Introduction to Economics for Non-Specialists A - 11093
This linked module provides an introduction to economics for students not going on to specialise in the subject. It provides and introduction to the concepts and terminology of economics. Topics covered include: basic supply and demand analysis, consumer and producer theory, market failure, externalities and public goods, non-market (government) failure and several special topics illustrating how economic analysis is carried out – these include crime and crime policy, marriage and divorce etc. Factor markets and the distribution of income. Inequality of income and wealth. Poverty traps and welfare reform.