QUSU07003 2012 Economics

General Details

Full Title
Economics
Transcript Title
Economics
Code
QUSU07003
Attendance
N/A %
Subject Area
QUSU - Quantity Surveying
Department
CENG - Civil Eng. and Construction
Level
07 - NFQ Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2012 - Full Academic Year 2012-13
End Term
9999 - The End of Time
Author(s)
Leigh McLoughlin
Programme Membership
SG_JCONS_B07 201300 Bachelor of Science in Construction Management and Costing SG_JQUAN_B07 201300 Bachelor of Science in Quantity Surveying SG_JCONS_B07 201400 Bachelor of Science in Construction Cost Management SG_JQUAN_H08 201400 Bachelor of Science (Honours) in Quantity Surveying SG_JQUAN_B07 201500 Bachelor of Science in Quantity Surveying SG_JQUAN_H08 201500 Bachelor of Science (Honours) in Quantity Surveying SG_JQUAN_H08 201500 Bachelor of Science (Honours) in Quantity Surveying SG_JQUAN_H08 201700 Bachelor of Science (Honours) in Quantity Surveying
Description

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;

1.

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

2.

Demonstrate how market forces interact to determine prices and output.

3.

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

4.

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

5.

Distinguish between fiscal and monetary policy.

Module Assessment Strategies

Continuous assessment and final examination.

Indicative Syllabus

1.      Introduction to economics - scarcity, choice and the economic problem.

2.      Supply and demand - conditions of Supply and demand, market equilibrium; price elasticity; other types of elasticity.

3.      Price determination.

4.      Measuring the performance of the Irish Economy - GDP, GNP, national income

5.      Macroeconomic theories.

6.      Fiscal and monetary policies.

7.      Economic systems for resource allocation - free market model, central planned model, mixed economy.

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 UNKNOWN 40 % OnGoing 1,2,3,4,5
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam UNKNOWN 60 % End of Term 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

Module Resources

Non ISBN Literary Resources

1.:-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::: Turley, G.,:-:-#160::::Maloney, M. and O'Toole, F. (2011) Principles of Economics, an Irish textbook, 4th ed., Gill :-:-amp:::: Macmillan.

2.:-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::: McDowell, M. and Thorn, R. (2012) Principles of Economics, European Edition, 3rd ed., McGraw Hill.

3.:-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::: Sloman, J. (2012) Economics,:-:-#160::::8th ed., Pearson.

:-:-#160::::

Other Resources

1.      Irish Times.

2.      Financial Times.

3.      Central Bank Quarterly Reports.

Additional Information

None