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: Paul Hanly
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 microeconomic analysis to a variety of business related issues including production, pricing and investment.
LO3 Demonstrate how modern international economic analysis can be applied in formulating expectations of goods and services, international money and foreign exchange markets.
LO4 Appraise the relevance of contemporary economic theories and models to explain macroeconomic and global economic issues
LO5 Critically assess contemporary policy issues affecting the international economic environment including monetary economic policy challenges and the emergence of the BRIC economies.
LO6 Demonstrate a comprehensive knowledge of the economic data analysis framework within which company investment and financing decisions are undertaken
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
• Markets in Action - Demand, Supply and Market Equilibrium • Elasticity • Taxation and market distortion • Market failure, equity and government policies • Production, Output and Costs
Market Structures
• 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
• The Business Cycle • Inflation and Unemployment • Aggregate Demand, Aggregate Supply, Productivity and Growth • Contemporary Macroeconomic Policy Issues
Fiscal Policy
• Fiscal Policy • Keynesian Economic Theory • Supply Side Economics
Monetary Policy
• Money creation •Money Supply, the price level and inflation • Central Bank Policy Tools in Action • European Economic & Monetary Union
International Economic Analysis
• 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%
Coursework40.00%
End of Module Assessment60.00%

Assessments

Full Time

Coursework
Assessment Type: Project % of total: 40
Assessment Date: n/a Outcome addressed: 2,4,5
Non-Marked: No
Assessment Description:
This problem-based learning project involves learners applying economic concepts and methods to investigate a contemporary micro- or macroeconomic issue. Learners may also be required to make a presentation of their results in class.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 60
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination of two hours duration comprising five essay-based question from which three must be undertaken.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

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
  • Mankiw N.G. and Taylor P.T.. (2014), Economics, 3rd. Cengage.
  • Leddin A.J. and Walsh B.M.. (2013), Macroeconomics: An Irish and European Perspective, 1st. Gill & Macmillan.
Supplementary Book Resources
  • Pindyck R., and Rubinfeld D. (2013), Microeconomics, 8th. Prentice Hall.
  • Parkin M.. (2016), Economics: Global Edition, 12th. Pearson.
  • Krugman P. and Wells R. (2012), Economics, 3rd. Macmillan.
  • Krugman P., Obstfeld M. and Melitz M. (2014), International Economics, 10th. Pearson.
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: