Module Code: H9ECON
Long Title Economics
Title Economics
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: CORINA SHEERIN
Module Author: Paul Hanly
Departments: School of Business
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 Critically evaluate seminal and contemporary economic concepts, theories, analytical methods and tools used in micro and macroeconomic analysis and apply these theories and tools to resolve complex problems within the context of international financial markets.
LO2 Reflect and appraise how international economic analysis can be applied in formulating expectations of international money and foreign exchange markets.
LO3 Master the application of economic concepts and empirical research within the strategic and tactical investment management decision-making process.
LO4 Demonstrate a comprehensive knowledge of the economic data analysis framework within which investment management and asset allocation decisions are undertaken and demonstrate an ability to devise solutions in light of market demands.
LO5 Critically assess contemporary policy issues affecting the international economic environment including international trade imbalances, monetary economic policy challenges, emergence of the BRIC economies and international sovereign debt market dynamics.
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
Macroeconomic Data
• Measuring a Nation’s Income; • Measuring the Cost of Living.
Macroeconomic analysis
The Economy in the Long Run • The Real Economy in the Long Run: Saving, Investment, and the Financial System; The Basic Tools of Finance; • Money and Prices in the Long Run: The Monetary System; Money Growth and Inflation. The Economy in the Short Run • Introduction to Economic Fluctuations; Building and Applying the IS–LM Model.
Financial Markets
• Risk vs. Return: Computing Returns; Calculating Portfolio Means and Variances; Calculating Efficient Portfolios and the Efficient Frontier; • Interest rates: Bond pricing; Zero rates; Forward rates; Theories of the term structure of interest rates.
International Economic Analysis
• The Macroeconomics of Open Economies; A Macroeconomic Theory of the Open Economy; • The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime.
Assessment Breakdown%
Coursework40.00%
End of Module Assessment60.00%

Assessments

Full Time

Coursework
Assessment Type: Test % of total: 40
Assessment Date: n/a Outcome addressed: 1,3,4
Non-Marked: No
Assessment Description:
The continuous assessment will consist of two in-class tests.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 60
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
The end of module assessment will be an in-class problem-based exam.
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 1.5 Every Week 1.50
Lab No Description 1 Once per semester 0.08
Assignment No Description 4 Once per semester 0.33
Independent Learning Time No Description 4 Once per semester 0.33
Total Weekly Contact Hours 1.58
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 1.5 Every Week 1.50
Lab No Description 1 Once per semester 0.08
Assignment No Description 4 Once per semester 0.33
Independent Learning Time No Description 4 Once per semester 0.33
Total Weekly Contact Hours 1.58
 

Module Resources

Recommended Book Resources
  • Mankiw, G. Principles of Macroeconomics, 7th Ed. Cengage Learning.
  • Mankiw, G. Macreoconomics, 9th Ed. Worth Publishers.
Supplementary Book Resources
  • Hull, J. C. Options Futures and Other Derivatives, 9th Ed. Pearson Prentice Hall.
  • Benninga, S. Financial Modeling, 4th Ed. MIT Press.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: