Module Code: H8ECON
Long Title Economics
Title Economics
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 10
Module Coordinator:  
Module Author: DAVE CORMACK
Departments:  
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate a knowledge and understanding of economic concepts, theories and analytical methods used within micro and macroeconomic analysis.
LO2 Apply economic analysis to a variety of business related issues including production, pricing and investment.
LO3 Demonstrate an understanding of how monetary and fiscal policy measures can influence the macroeconomic environment.
LO4 Demonstrate an understanding of microeconomic concepts and theories with a particular emphasis on production, market structures and firm behaviour.
LO5 Demonstrate a comprehensive knowledge of the economic data analysis framework within which company investment and financing decisions are undertaken
LO6 Demonstrate how modern international economic analysis can be applied in formulating expectations of international money and foreign exchange markets.
LO7 Appraise the relevance of contemporary empirical economic studies with a focus on macro and global economic issues.
LO8 Critically assess contemporary policy issues affecting the international economic environment including monetary economic policy challenges and the emergence of the BRIC economies.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Microeconomic Analysis (Week 1-2)
• Markets in Action - Demand, Supply and Market Equilibrium • Elasticity & Equity • Production, Output and Costs
Market Structures (Week 2- 4)
• Markets for Factors of Production • Forms of Market Structures • Managerial Decisions in Competitive Markets • Managerial Decisions for Firms with Market Power • Interdependence of Market Participants, Decision Making and Game Theory
Macroeconomic Analysis (5-6)
• Aggregate Demand, Aggregate Supply, Productivity and Growth • Inflation and Unemployment • The Business Cycle • Major Macroeconomic Policy Issues
Monetary Policy (7-8)
• Money, the Price Level and Inflation • Central Bank Policy Tools in Action • The Money Markets and Term Structure of Interest Rates • Money Supply, Inflation and Interest Rates • European Economic & Monetary Union
Fiscal Policy (9-10)
• Fiscal Policy • Taxation and Market Distortions • Keynesian Economic Theory • Supply Side Economics
International Economic Analysis (11-13)
• Comparative Advantage and International Trade • Exchange Rate and the Balance of Payments • Foreign Exchange Markets and Parity Relations • Regulation and Competition Policy in a Globalised Economy • Emerging International Economic Trends – BRICS
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Project % of total: 30
Assessment Date: n/a Outcome addressed: 2,7,8
Non-Marked: No
Assessment Description:
A project based assignment focusing on recent economic trends e.g. the global business cycle, sovereign debt dynamics, BRICS etc.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 30 Once per semester 2.50
Tutorial No Description 9 Once per semester 0.75
Total Weekly Contact Hours 3.25
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Tutorial No Description 0.6000000238418579 Every Week 0.60
Total Weekly Contact Hours 2.60
 

Module Resources

Recommended Book Resources
  • Samuelson P.A., and Nordhaus W.D. (2009), Economics, 19th. McGraw Hill.
Supplementary Book Resources
  • Mankiw N.G.. (2011), Principles of Economics, 6th. South Western College Publishers.
  • Krugman P., and Wells R. (2010), Macro Economice, 2nd. Worth Publishers.
  • Pindyck R., and Rubinfeld D. (2009), Microeconomics, International 7th. Pearson Prentice Hall.
  • Krugman P., Obstfeld M. and Melitz M. (2011), International Economics, 9th. Prentice Hall.
This module does not have any article/paper resources
Other Resources
  • [Website], www.ft.com.
  • [Website], www.wsj.com.com.
  • [Website], www.economist.com.
  • [Website], www.federalreserve.com.
  • [Website], www.ecb.com.
  • [Website], www.cnbc.com.
  • [Website], www.swap-rates.com.
  • [Website], www.esri.ie.
  • [Website], www.imf.org.
  • [Website], www.cso.ie.
  • [Journal], Journal of Economic Theory.
  • [Journal], American Economic Review.
  • [Journal], Journal of Political Economy.
  • [Journal], Journal of Financial Research.
  • [Journal], Journal of Monetary Economics.
Discussion Note: