QUSU07003 2016 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
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Leigh McLoughlin
Programme Membership
SG_JQUAN_J07 201600 Bachelor of Science in Quantity Surveying SG_JQUAN_J07 201700 Bachelor of Science 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.

Teaching and Learning Strategies

Moodle is used by lecturers to direct and manage the learning process and facilitates: Formal Learning: Live lectures and posting of recorded tutorials posting of documents and 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

Continuous assessment and final examination.

Repeat Assessments

As required.

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

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified 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

Module Resources

Non ISBN Literary Resources

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

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

3.      Sloman, J. (2012) Economics, 8th ed., Pearson.

 

Other Resources

1.      Irish Times.

2.      Financial Times.

3.      Central Bank Quarterly Reports.

Additional Information

None