THE UNIVERSITY OF NOTTINGHAM 
ECON1043 - Foundations of Economics 
Final Examination Guide and Notes 2024 
 
Part A: Revision Notes 
Part B: Sample Final Examination Paper 
Part C: Suggested Solutions to Final Exam Paper 
Part D: Final Examination - Hints and Tips 
 
The 24/7 Online Support You Deserve
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the module to provide assistance and help ensure that you’re on the right track to graduating.
 
Looking for more study resources?
Find out about all the services and resources available for students at the 
University of Nottingham

University of Nottingham - ECON1043: Foundations of Economics (Solutions)

£25.00

ACADEMIC YEAR 2023 - 2024

University	University of Nottingham
Study Level	Undergraduate
Module Code	ECON1043
Module Name	Foundations of Economics
Notes Title	Final Examination Guide and Notes
Page Length	122

This ECON1043: Foundations of Economics, University of Nottingham - Final Exam Guide and Notes 2024 is invaluable to teach yourself the module from the first day of class until your last review before the final exam. This self-study set has been thoroughly updated to cover all the topics contained in the latest edition of the exam. This unique study guide contains sample exam questions complete with a detailed answer guide to help students with question style and identify priority topics to review as they prepare for the exam. It also offers vital information on exam format, what will be on the exam and key concepts you should be focusing your studies on.

This is an introductory module in microeconomics and macroeconomics; there is no assumption of any prior knowledge of economics. The first semester considers microeconomics. It begins by analysing how the economic choices of households and firms can be understood using consumer and producer theory. It then looks at how these individual choices are aggregated into market demand and supply to be mediated through the price mechanism. A variety of market settings are considered, ranging from the paradigm of perfect competition to the analysis of monopolistic firms. The module continues by providing an introduction to the normative evaluation of economic outcomes and market failures. The second semester considers macroeconomics - the study of the aggregate economy. This part will focus on the determinants of aggregate output, both in the short run - addressing cyclical movements of booms and busts - and in the long run - providing an introduction to economic growth. A running theme will be debates over the role of the government in macroeconomic management, covering fiscal and monetary policy. The module will introduce a series of basic models used in modern macroeconomics.

MODULE CODE	MODULE NAME
BUSI1008	Quantitative Methods 1B
BUSI1020	Business Finance
BUSI1093	Fundamentals of Financial and Management Accounting
BUSI1095	Introduction to Economics
BUSI1099	Microeconomics for Business
BUSI1100	Business Economics
BUSI2001	Introductory Econometrics
BUSI2039	Financial Accounting and Reporting 1
BUSI2052	Financial Accounting and Reporting 2
BUSI2146	Corporate Finance (Level 2)
BUSI2147	Management Accounting
BUSI2172	Marketing Management
BUSI3027	Financial Economics
BUSI3030	Applied Econometrics
BUSI3184	Financial Markets: Theory and Computation
BUSI4445	Derivative Investment
ECON1043	Foundations of Economics
ECON1047	Quantitative Methods
ECON2003	Macroeconomic Theory
ECON2018	Principles of Macroeconomics
ECON2045	Econometric Theory

University of Nottingham - ECON1043: Foundations of Economics (Solutions)

INFORMATION

MODULE DESCRIPTION

RELATED MODULES