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Session: 2021/22

Last modified: 28/04/2021 19:35:58

Title of Module: Global Economics

Code: ECON07006 SCQF Level: 7
(Scottish Credit and Qualifications Framework)
Credit Points: 20 ECTS: 10
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:TBC  

Summary of Module

The graduate of the 21st century faces an increasingly complex, challenging and competitive professional landscape and has to be equipped with the business tools and analytical skills necessary to add value to themselves, future employers and global society.  Increasingly, the need to add value has an international dimension as the forces of globalisation continue to be felt at every level of society.  Even sectors once thought immune to competition (e.g. the public sector) now find their performance judged against global economic benchmarks as the competitive environment extends beyond national boundaries. Consequently, the module seeks to enable students to become globally aware and better able to appraise complex economic issues across a variety of sectors.

The module introduces the student to the fundamental issues facing all businesses and to the guiding principles on which business and societal decision making is made.  By blending theory, practical examples with online resources, the student is provided with a stimulating environment within which to co create learning experiences.  The student has the opportunity to engage in a meaningful way through active application of key principles to specific economic sectors.

A thematic approach is adopted following four key themes of study

  • Business and economics
  • Business and markets
  • The national economy
  • Business and the international environment

 These themes are designed to enable progress from understanding of key concepts and principles; to seeing those principles form the basis for business tools that aid decision making; to understanding the complexities of globalisation.

  • By setting the themes in a global context the module highlights the opportunities and issues created by globalisation.

Module Delivery Method
Face-To-FaceBlendedFully Online
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Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.

Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.

A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations

Campus(es) for Module Delivery
The module will normally be offered on the following campuses / or by Distance/Online Learning: (Provided viable student numbers permit)
Paisley:Ayr:Dumfries:Lanarkshire:London:Distance/Online Learning:Other:
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Term(s) for Module Delivery
(Provided viable student numbers permit).
Term 1


Term 2


Term 3


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Learning Outcomes: (maximum of 5 statements)

On successful completion of this module the student will be able to:

L1. Describe the relevance of economic principles to resource allocation and decision making process within the business context;

L2. Apply basic economic principles and techniques of the market system and the competitive process;

L3. Demonstrate an awareness of issues surrounding the national economy

L4. Describe the main features of the international economic environment and the basic causes and consequences of globalisation

Employability Skills and Personal Development Planning (PDP) Skills
SCQF Headings During completion of this module, there will be an opportunity to achieve core skills in:
Knowledge and Understanding (K and U) SCQF Level 7.

Developing a broad knowledge of basic economic concepts, including resource allocation, opportunity cost and incentive. An understanding of the main theories and principles of the market system and the competitive process. An awareness of economic and social issues created by globalisation.

Practice: Applied Knowledge and Understanding SCQF Level 7.

Applying market theory and the principle of marginal analysis to costs and prices in given scenarios. Reflection on national and global economic issues.

Generic Cognitive skills SCQF Level 7.

Analysis and interpretation of theoretical and practical concepts

Communication, ICT and Numeracy Skills SCQF Level 7.

Oral communication, numerical and written analysis of real economic problems and online data sources.
Translation of data into graphical form.

Autonomy, Accountability and Working with others SCQF Level 7.

Responsibility for self-development of learning. Ability to work across cultures as part of learning groups to meaningfully create learning experiences. Undertake limited research in order to transform economic understanding.

Pre-requisites: Before undertaking this module the student should have undertaken the following:
Module Code:
Module Title:
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

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Learning and Teaching
Learning Activities
During completion of this module, the learning activities undertaken to achieve the module learning outcomes are stated below:
Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities)
Lecture/Core Content Delivery24
Tutorial/Synchronous Support Activity12
Asynchronous Class Activity30
Independent Study134
200 Hours Total

**Indicative Resources: (eg. Core text, journals, internet access)

The following materials form essential underpinning for the module content and ultimately for the learning outcomes:

Begg D and Ward D. (2016) Economics, Berks, McGraw Hill

Details of further resources, including textbooks, journals and online resources will be identified at the beginning of each delivery in the module handbook and made available via Moodle.

(**N.B. Although reading lists should include current publications, students are advised (particularly for material marked with an asterisk*) to wait until the start of session for confirmation of the most up-to-date material)

Attendance Requirements

In line with the Academic Engagement and Attendance Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on Moodle, and complete assessments and submit these on time. Please refer to the Academic Engagement and Attendance Procedure at the following link: Academic engagement and attendance procedure

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Supplemental Information

Programme BoardManagement, Organisations & People
Assessment Results (Pass/Fail) No
Subject PanelManagement, Organisations & People
ModeratorJames Johnston
External ExaminerJ Embery
Accreditation Details
Version Number


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Assessment: (also refer to Assessment Outcomes Grids below)
Formative assessment comprises weekly tutorial activities, weekly self-assessment quizzes and mock assessment instruments.
Summative assessment comprises online multiple choice tests which take place early in the trimester. The timing of assessments will be designed to take advantage of early engagement with learning materials in order to motivate students and support learning. As the class test is open for one week, students can choose a time to complete the online assessment. Tests are marked and graded and offer students immediate feedback on learning. Coursework is also a component of summative assessment, enabling students to demonstrate more detailed understanding of complex issues.
(N.B. (i) Assessment Outcomes Grids for the module (one for each component) can be found below which clearly demonstrate how the learning outcomes of the module will be assessed.
(ii) An indicative schedule listing approximate times within the academic calendar when assessment is likely to feature will be provided within the Student Handbook.)

Assessment Outcome Grids (Footnote A.)

Component 1
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Class test (written)check markcheck markcheck mark 400

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Dissertation/ Project report/ Thesis   check mark600
Combined Total For All Components100% 0 hours

A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above

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  1. More than one assessment method can be used to assess individual learning outcomes.
  2. Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
    This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.

Equality and Diversity
The Equality, Diversity and Human Rights policy underpins student engagement. We aim to make UWS a fair and equal place to study an institution which addresses specific issues covering all aspects of equality, diversity and human rights. Where required module assessment will be adapted to meet student requirements.
UWS Equality and Diversity Policy
(N.B. Every effort will be made by the University to accommodate any equality and diversity issues brought to the attention of the School)

2014 University of the West of Scotland

University of the West of Scotland is a Registered Scottish Charity.

Charity number SC002520.