IF0EC2J: Foundation Economics - Macroeconomics

Module code: IF0EC2J

Module provider: Global Academy

Credits: 20

Level: F

When you’ll be taught: Semester 2 / Summer

Module convenor: Dr Veundjua Muruko-Jaezuruka, email: v.muruko-jaezuruka@reading.ac.uk

Pre-requisite module(s):

Co-requisite module(s): IN THE SAME YEAR AS TAKING THIS MODULE YOU MUST TAKE IF0EC1J (Compulsory)

Pre-requisite or Co-requisite module(s):

Module(s) excluded: IN TAKING THIS MODULE YOU CANNOT TAKE IF0EC2 (Compulsory)

Placement information: NA

Academic year: 2026/7

Available to visiting students: No

Talis reading list: Yes

Last updated: 14 August 2026

Overview

Module aims and purpose

This module introduces students to the basic principles of macroeconomics. Students will learn models and theories used by economist to comprehend the overall performance of the economy. To show how governments can use macroeconomic policy instruments to achieve the macroeconomic policy objectives of a country and address macroeconomic conflicts. Develop basic mathematical and statistical skills and their application in economic decision making. 

Module learning outcomes

By the end of the module, it is expected that students will be able to: 

1. Explain the fundamental principles and concepts of macroeconomics.
2. Analysis the real-world economic conditions and political issues using macroeconomic principles. 
3. Critically assess macroeconomic information through quantitative and qualitative research and present findings effectively in written reports.

Module content

• Macroeconomics objectives 
• Circular flow of income 
• National income and economic growth 
• Aggregate expenditure and the Keynesian model 
• Aggregate demand and aggregate supply 
• Inflation and unemployment 
• Fiscal policy 
• The money and monetary policy 
• The balance of payments and exchange rate 
• International Trade, Protectionism 

Structure

Teaching and learning methods

Lectures and seminars. The lectures will cover all the basic learning materials. Seminars will cover material based on lecture topics and will provide time for students to ask questions.  

Weekly drop-in hours for individual assistance as required. 

The schedule of this module, including start and finish dates, follows that of the January Start Foundation, which does not follow standard University Semesters. There is however significant overlap and Semesters referred to in this document are the University Semesters where most of this module teaching will take place. Information about specific key module dates will be provided by the International Foundation Programme prior to the start of the course. 

Study hours

At least 40 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

Students need to achieve an overall module mark of 40% to pass this module.

Summative assessment

Penalties for late submission of summative assessment

The Support Centres will apply the following penalties for work submitted late:

Assessments with numerical marks

• where the piece of work is submitted after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): 10% of the total marks available for that piece of work will be deducted from the mark for each calendar day (or part thereof) following the deadline up to a total of three calendar days;
• where the piece of work is submitted up to three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in you Individual Learning Plan), the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
• where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan), no penalty shall be imposed;
• where the piece of work is submitted more than three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): a mark of zero will be recorded.

Assessments marked Pass/Fail

• where the piece of work is submitted within three calendar days of the deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): no penalty will be applied;
• where the piece of work is submitted more than three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): a grade of Fail will be awarded.

Where a piece of work is submitted late after a deadline which has been revised owing to an extension granted through the Assessment Adjustments policy and process (self-certified or otherwise), it will be subject to the maximum penalty (i.e., considered to be more than three calendar days late). This will also apply when such an extension is used in conjunction with a DAS-agreed extension as a reasonable adjustment.

The University policy statement on penalties for late submission can be found at: /cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmission.pdf

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

Coursework set for most tutorials is directly relevant to preparing for summative assessments. 

Reassessment

Additional costs