QUSU06029 2019 Economics

General Details

Full Title
Transcript Title
N/A %
Subject Area
QUSU - Quantity Surveying
CENG - Civil Eng. and Construction
06 - NFQ Level 6
05 - 05 Credits
Start Term
2019 - Full Academic Year 2019-20
End Term
9999 - The End of Time
Leigh McLoughlin
Programme Membership
SG_JQUAN_H08 201900 Bachelor of Science (Honours) in Quantity Surveying SG_CCONS_C06 201900 Higher Certificate in Science in Construction Economics SG_CCEOL_C06 201900 Higher Certificate in Engineering in Construction Economics (Add-On) SG_JQUAN_B07 201900 Bachelor of Science in Quantity Surveying

This module introduces the basic principles of economics and applies them to the Irish economy. It gives the students the skills and vocabulary necessary to analyse and research the economic issues that arise in an ever changing economic environment.

Learning Outcomes

On completion of this module the learner will/should be able to;


Analyse the role of economic theory and discuss different types of economics systems and schools of thought.


Demonstrate how market forces interact to determine prices and output.


Define the concept of elasticity and appraise the factors underlying both the demand and supply curves.


Describe economic activity and differentiate between the different measures of economic activity.


Distinguish between fiscal and monetary policy.

Teaching and Learning Strategies

This module will be delivered through lectures and tutorials.

Moodle is used by lecturers to direct and manage the learning process and facilitates: Formal Learning: posting of lecture notes and continuous assessments, additional resources and supporting documents. Links to websites. remote collaboration on group work (discussion boards, collaborative document editing) Informal Learning: social communication between learners (discussion boards, chat rooms, Wikis, blogs) learner journals (reflective journals, e-portfolios).

Module Assessment Strategies

This module is 40% Continuous Assessment and 60% Final Examination.

Repeat Assessments

Repeat Continuous Assessment and / or Final Examination.

Indicative Syllabus


  • The Economic Problem
  • Scarcity, Choice, Opportunity Cost, Production Possibility Curve,
  • Economic Growth,
  • Economic Systems for resource Allocation,
  • Market Theory - Supply, Demand, The Price Mechanism, Market Equilibrium, Elasticity, Types of Markets, Market Failure, Externalities,


  • National Income,
  • Economic Indicators and the business cycle,
  • Circular Flow,
  • Aggregate Supply and Demand,
  • Managing the Macro-Economy - Key objectives, Fiscal, Monetary and Regulatory Policies,
  • Competition Policy.




Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment Assignment 40 % Week 3 1,2,3,4,5

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam Closed Book Exam 60 % End of Semester 1,2,3,4,5

Full Time Mode Workload

Type Location Description Hours Frequency Avg Workload
Lecture Lecture Theatre Economics 2 Weekly 2.00
Independent Learning UNKNOWN Economics 5 Weekly 5.00
Total Full Time Average Weekly Learner Contact Time 2.00 Hours

Online Learning Mode Workload

Type Location Description Hours Frequency Avg Workload
Lecture Online Economics 1 Weekly 1.00
Directed Learning Not Specified Economics 1 Weekly 1.00
Independent Learning Not Specified Economics 5 Weekly 5.00
Total Online Learning Average Weekly Learner Contact Time 2.00 Hours

Required & Recommended Book List

Recommended Reading
2011-09-02 Principles of Economics Gill Education
ISBN 0717149889 ISBN-13 9780717149889
Recommended Reading
2016-09-22 Construction Economics Taylor & Francis
ISBN 9781317292784 ISBN-13 1317292782
Recommended Reading
2013 Foundations of Economics McGraw-Hill Europe
ISBN 0077145607 ISBN-13 9780077145606
Recommended Reading
2016-04-14 Foundations of Economics Oxford University Press
ISBN 9780198739883 ISBN-13 0198739885

Module Resources

Non ISBN Literary Resources



Journal Resources


URL Resources

Central Statistics Office: www.cso.ie

Department of Finance:  www.finance.gov.ie

Economic and Social Research institute:  www.esri.ie

Society of Chartered Surveyors Ireland:  www.scsi.ie

The Royal Institution of Chartered Surveyors:  www.rics.org

Other Resources

Irish Times:  https://www.irishtimes.com/

Financial Times:  https://www.ft.com/

Central Bank Quarterly Bulletins:  https://www.centralbank.ie/publication/quarterly-bulletins


Additional Information