ECON4002D Economics and Markets

Academic Year 2023/2024

This module aims to provide a high-level introduction to the contemporary micro and macro

economic thought. The module will focus mainly on the area of microeconomics examining how

markets work and what happens if they fail to function. The course will cover the different market

types as well as examining the decision-making process of firms and consumers. The module also

looks at the area of macroeconomics and discusses government intervention in markets. The module

will cover the following: Part 1: Introduction to economics and the market forces of supply and demand;

Part 2: The concept of elasticity; Part 3: Market efficiency and failures; Part 4: Costs and factors of production;

Part 5: Competition/market types; Part 6: Macroeconomics.

The aim of the module is to develop an understanding of the principles of economic reasoning in business

decisions as well as introducing students to the motivations behind firm conduct and performance.

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Curricular information is subject to change

Learning Outcomes:

Analyse the functioning of markets.
Examine the role of governments in the economy.
Relate theoretical concepts to current economic environment in Ireland, Europe and around the world.

Student Effort Hours: 
Student Effort Type Hours
Lectures

12
Specified Learning Activities

65
Autonomous Student Learning

80
Total

157
Approaches to Teaching and Learning:
Students will attend classes for this module and have the opportunity to engage in active learning during these sessions. There will be in-class discussion and group work to analyse module concepts. Where appropriate, the module will incorporate case based learning 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final Online Examination Varies over the Trimester No Graded No

30
Assignment: Markets Assignment Throughout the Trimester n/a Graded No

30
Examination: Online Examination Varies over the Trimester No Graded No

20
Group Project: Group Project with an Individual and Group Element Throughout the Trimester n/a Graded No

20

Carry forward of passed components
No
 
Resit In Terminal Exam
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

General feedback is provided to students on all their submitted assessment components.

Name Role
Mr Gavin Cassells Lecturer / Co-Lecturer
Mr Gerard Dooley Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Spring
      
Small Group Offering 1 Week(s) - 18, 22, 26, 31 Sat 13:30 - 16:45