Accessibility statement

Basic Economic Concepts - ECO00024H

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  • Department: Economics and Related Studies
  • Credit value: 20 credits
  • Credit level: H
  • Academic year of delivery: 2023-24

Module will run

Occurrence Teaching period
A Autumn Term 2023-24

Module aims

To introduce you to the basic concepts of economics and why they are relevant to the study of heath and heathcare.

Module learning outcomes

Upon successful completion of the module you should be able to:

  • Define and illustrate, using diagrams and examples, the fundamental concepts of economics incuding scarcity, opportunity cost, choice, the production possibilites frontier, production functions, average and marginal costs, demand and supply, willingness to pay, welfare, consumer and producer surplus and different types of market.

Indicative assessment

Task % of module mark
Online Exam - 24 hrs (Centrally scheduled) 100

Special assessment rules

None

Indicative reassessment

Task % of module mark
Online Exam - 24 hrs (Centrally scheduled) 100

Module feedback

Information currently unavailable

Indicative reading

  • The economics of Health and Health Care, S.Folland, A.C. Goodman, M. Stano. Pearson/Prentice Hall 2014. New Jerset. "7e" edition.
  • Economics, D. Begg, G. Vernasca, S. Fischer, R. Dornbusch. McGraw-Hill 2011. London. 10e edition. ISBN 0-07-712952-0, 978-0-07-712952-1, 0-07-714059-1, 978-0-07-714059-5.


The information on this page is indicative of the module that is currently on offer. The University constantly explores ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary. In some instances it may be appropriate for the University to notify and consult with affected students about module changes in accordance with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.