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ECO-20057 - Module Specification
Keele Business School
Faculty of Business, Law, Humanities & Social Sciences

For academic year: 2026/27 Last Updated: 16 September 2026

ECO-20057 - Intermediate Economic Principles
Coordinator: Dimitrios Syrrakos
Lecture Time:
Level: Level 5
Credits: 30
Study Hours: 300
School Office: 01782 733094

Programme/Approved Electives for 2026/27

None

Available as a Free Standing Elective

No

Co-requisites

None

Prerequisites

Introductory Microeconomic and Macroeconomic Principles (or equivalent modules for direct entry at Level 5)

Barred Combinations

N/A

Description for 2026/27

The module addresses global economic challenges such as balance of payments disequilibria, fiscal and monetary policy under different exchange rate regimes growth, competitive and non-competitive markets, general equilibrium analysis and welfare implications. It also allows you to evaluate the effectiveness of these models and encourages you to consider alternative techniques of approaching complex economic issues.

Aims
Building on the foundations of Introductory Macroeconomic and Microeconomic Principles, the module delves more deeply into economic principles and applications at an intermediate level. This facilitates the evaluation of intermediate economic models’ building blocks, their usefulness, and their limitations. At the macroeconomic level, the module explores the interactions between domestic and international economies, examining the influence of global economic forces on macroeconomic outcomes. In the microeconomics part, the module examines the way market participants organise production and consumption in an environment of finite resources.

Intended Learning Outcomes

employ intermediate macroeconomic modelling within real world economic challenges
: 2
assess the policy effectiveness of macroeconomic models under different environments
: 2
communicate potential solutions to complex economic issues to diverse audiences
: 1,2
examine the role of intermediate microeconomic models in delivering efficient economic outcomes
: 1
evaluate the effectiveness of microeconomic policies in real world contexts
: 1

Study hours

36 hours lectures
12 hours tutorials
132 hours independent study
60 hours essay preparation
60 hours Report preparation

School Rules

None

Description of Module Assessment

1: Essay weighted 50%
2000-word Essay
The essay question/title will allow students to demonstrate their understanding of intermediate microeconomic models by applying them in a contemporary economic challenge (2000 words). The essay question/topic will draw from a range of topics covered in the module lectures and tutorials.

2: Report weighted 50%
2000-word Report
Students will have to employ macroeconomic tools/models covered in the module, to address complex real-world macroeconomic challenges across various economies.

The University undertakes a continuous review of its teaching and research provision to ensure programmes are of a high quality and changes may be made to modules where it is necessary and reasonable to do so. Please be aware that minor changes to modules, such as a change to an individual assessment, can occur up until enrolment, although we endeavour to give you as much notice as possible of any changes. Details about the circumstance in which changes are made to programmes can be found in the Student Agreement, available at: https://www.keele.ac.uk/legalgovernancecompliance/governance/actcharterstatutesordinancesandregulations/studenttermsconditions/

Last Updated: 16 September 2026