Introduction to Economics
MODULE CODE
CREDIT VALUE
DELIVERY
Module Aims
Aim 1
The module aims to introduce students to the main and well-established principles of economic analysis and, more fundamentally, to the “economic way of thinking”. Familiarity with a range of common concepts in economics is required for those students on accounting-related degrees prompted by the requirements of Professional Bodies. The primary concern is with mainstream micro- and macro-theory within an appropriate institutional context.
Module Content
Elementary theories of demand/supply and elasticity
Elementary theory of the firm
Market structures
Economic institutions and their roles
Financial investments and sources of finance
National income
Functions and Definition of Money
Unemployment
Inflation
Growth
External balance
Introduction to Environmental, Social and Governance (ESG) factors and the importance of stakeholder engagement therein
Learning Outcomes
On successful completion of this module, a student will be able to:
Teaching Methods
Through the learning and teaching activities, the module embeds employability skills development, support for personal development planning in relation to employability, the provision of careers education, information and guidance; and recognition of skills development through extra-curricular PDP activities via student membership of the relevant professional body.
Assessment Methods
This module is assessed through Short Answer Questions coursework (50%) and an Exam (50%).
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Compulsory
