ECON B8Z01 - Microeconomics

Module Details

Module Code: ECON B8Z01
Full Title: Microeconomics
Valid From:: Semester 1 - 2019/20 ( June 2019 )
Language of Instruction: 
Duration: 1 Semester
Credits:: 5
Module Owner:: Alan Kelly
Departments: Unknown
Module Description: The aim of this module is to provide an understanding of the market system and the reasons and uses to which economic information can be put. The module aims to provide an understanding of how resources in an economy can be allocated in a more efficient and sustainable manner. It examines the features of supply and demand in the market and different consumer and managerial decisions and their outcomes. It also aims to provide an understanding of the core issues involved in the development of economic models and their interpretation.
 
Module Learning Outcome
On successful completion of this module the learner will be able to:
# Module Learning Outcome Description
MLO1 Evaluate the broad principles of economic theory
MLO2 Assess the operation of market forces
MLO3 Evaluate the role of government intervention
MLO4 Critically evaluate economic models of the market
MLO5 Be able to give a critical analysis of economic behaviour
MLO6 To evaluate more fully the role of economics in assessing efficiency in the company and the economy generally
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named DkIT 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
 
Module Indicative Content
Demand and Supply
Analyse market mechansims and changes in demand and supply conditions on the market
Elasticity
The sensitivity of Demand and Supply to changes in the market and its affect on managerial decision making
Utility and Demand:
Consumer choice and optimising behaviour
Production and the Firm
Cost behaviours in production and objectives of the firm
Market Structures
the effects of competition and anti-competitive practice
Market failure and Intervention
The role of intervention in establishing efficient outcomes
Module Assessment
Assessment Breakdown%
Course Work20.00%
Final Examination80.00%
Module Special Regulation
 

Assessments

Full-time

Course Work
Assessment Type Class Test % of Total Mark 20
Marks Out Of 0 Pass Mark 0
Timing S1 Week 8 Learning Outcome 1,2,3,4,5,6
Duration in minutes 0
Assessment Description
Continuous assessments based on multiple choice and open explanation type questions. Both assessments will combine calculations and diagrams.
No Project
No Practical
Final Examination
Assessment Type Formal Exam % of Total Mark 80
Marks Out Of 0 Pass Mark 0
Timing End-of-Semester Learning Outcome 1,2,3,4,5,6
Duration in minutes 120
Assessment Description
2 hour exam with six questions all equal marks. The student must answer any 4 questions. Questions are a mix of definitions, calculations diagrams and explanation
Reassessment Requirement
A 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.

DKIT reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Independent Study Non Contact No Description Every Week 3.00 3
Directed Reading Non Contact No Description Every Week 3.00 3
Lecture Contact No Description Every Week 3.00 3
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
Workload: Part-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 2.00 2
Directed Reading Non Contact No Description Every Week 4.00 4
Independent Study Non Contact No Description Every Week 3.00 3
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Gerard Turley and Maureen Maloney. (2011), Principles of Economics, 4th. Gill and MacMillan, Dublin, [ISBN: 9780717149889].
Supplementary Book Resources
  • J O'Leary. Economics, Gill and MacMillan.
This module does not have any article/paper resources
Other Resources
  • webpage, Central Bank Quarterly Reports..
  • website, Economics and Social Review.
  • website, Business and Finance.
  • website, Bank of Ireland Review.
  • http://www.enterprise-ireland.ie.
  • http://www.cso.ie.
  • http://www.idaireland.ie.
  • http://www.skillsireland.ie.
  • http://www.forfas.ie.
  • http://www.ask-ireland.com.
  • http://www.finfacts.com.
  • http://www.centralbank.ie.
  • http://www.bankofireland.ie.