Module Code: |
A6EFP |
Long Title
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Economics for Financial Practitioners
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Title
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Economics for Financial Practitioners
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Module Level: |
LEVEL 6 |
EQF Level: |
5 |
EHEA Level: |
Short Cycle |
Module Coordinator: |
JONATHAN BRITTAIN |
Module Author: |
Paul Hanly |
Departments: |
School of Business
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Specifications of the qualifications and experience required of staff |
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Learning Outcomes |
On successful completion of this module the learner will be able to: |
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Learning Outcome Description |
LO1 |
Demonstrate awareness of economic issues concerning business and financial decision-making |
LO2 |
Demonstrate a fundamental knowledge of the main macroeconomic indicators and how these impact on the financial sector and the broader business community |
LO3 |
Apply economic theories, concepts and skills to explain contemporary economic issues of relevance to the financial sector |
LO4 |
Produce and interpret economic tools of analysis such as graphs and tables and apply these to real-world economic issues such as financing decisions |
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).
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Module Content & Assessment
Indicative Content |
Microeconomic Tools of Analysis
• Key microeconomic concepts and tools of analysis
• Market dynamics - Demand, Supply and Equilibrium analysis
• Market failure, equity and government policies
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Finance and the economy
• Financial institutions in the wider economy
• Saving and investment decision-making
• The market for loanable funds
• Risk aversion and managing risk
• Risk and return trade-offs
• The efficient market hypothesis
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Fundamental concepts in Macroeconomic
• The Circular flow
• Measuring economic output and growth
• The Business Cycle
• Measuring Inflation and Unemployment
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The Monetary system
• Defining money
• Banks and the money supply
• The role of Central Banks
• The European Central Bank and the Eurosystem
• Tools of Monetary policy
• Contemporary Banking and Finance issues
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Open economy and International Macroeconomics
• The international flows of goods and capital
• Exchange rates and Parity Relations
• The market for loanable funds
• The financial crises: bubbles and speculation
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Assessment Breakdown | % |
Coursework | 50.00% |
End of Module Assessment | 50.00% |
AssessmentsFull Time
Coursework |
Assessment Type: |
Formative Assessment |
% of total: |
Non-Marked |
Assessment Date: |
n/a |
Outcome addressed: |
1,2,3,4 |
Non-Marked: |
Yes |
Assessment Description: Formative assessment will be included by the provision of class case studies and short answer questions. Feedback will be provided individually or as a group in written and oral format, or on-line through Moodle. In addition, in class discussions will be undertaken as part of the practical approach to learning. |
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Assessment Type: |
Project (0050) |
% of total: |
50 |
Assessment Date: |
n/a |
Outcome addressed: |
2,3,4 |
Non-Marked: |
No |
Assessment Description: The project will involve learners abstracting macroeconomic data pertaining to key performance variables of the Irish and the international economy, and interpreting these in terms of investment decision-making and/or a key economic event. Learners will be required to analyse the data using appropriate techniques on Excel, present results graphically, and interpret them in line with economic theory. The findings will be evidence-informed and learners will be expected to communicate their results in written format and to present and defend their results in class. |
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End of Module Assessment |
Assessment Type: |
Terminal Exam |
% of total: |
50 |
Assessment Date: |
End-of-Semester |
Outcome addressed: |
1,2,3,4 |
Non-Marked: |
No |
Assessment Description: Examination of two hours’ duration comprising five essay-based questions from which three must be undertaken. |
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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.
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NCIRL reserves the right to alter the nature and timings of assessment
Module Workload
Module Target Workload Hours 0 Hours |
Workload: Part Time |
Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
Lecture |
There are 13 week teaching timetabled within each semester, with a ‘reading week’ approximately half way through this period in which there will be no formal classes but in which learners will be engaged in tutor supervised independent learning, typically in preparation for assessments or other learning activities. |
26 |
Every Week |
26.00 |
Independent Learning |
No Description |
56 |
Every Week |
56.00 |
Directed Learning |
Directed elearning |
28 |
Every Week |
28.00 |
Workbased learning |
No Description |
15 |
Every Week |
15.00 |
Total Weekly Contact Hours |
69.00 |
Module Resources
Recommended Book Resources |
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Mankiw N.G. and Taylor P.T. (2017), Economics, 4th. Cengage..
| Supplementary Book Resources |
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Mankiw N.G., Taylor P.T. and Ashwin. (2016), Business Economics, 2nd. Cengage.
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Parkin M., Powell M., and Matthews K. (2017), Economics: European Edition, 10th Ed. Pearson.
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Krugman P. and Wells R. (2015), Economics, 4th. Palgrave.
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Leddin A.J. and Walsh B.M. (2013), Macroeconomics: An Irish and European Perspective, Gill & Macmillan.
| This module does not have any article/paper resources |
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This module does not have any other resources |
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