Accessibility statement

Basic Economic Concepts - ECO00024H

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  • Department: Economics and Related Studies
  • Module co-ordinator: Dr. Martin Forster
  • Credit value: 20 credits
  • Credit level: H
  • Academic year of delivery: 2021-22

Module will run

Occurrence Teaching period
A Autumn Term 2021-22

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.


Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Basic Economic Concepts
3.25 hours 100

Special assessment rules



Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Basic Economic Concepts
3.25 hours 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 is constantly exploring 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 by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.