ECON4002D Economics and Markets

Academic Year 2021/2022

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 Type Hours
Specified Learning Activities


Autonomous Student 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


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


Examination: Online Examination Varies over the Trimester No Graded No


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


Carry forward of passed components
Resit In Terminal Exam
Summer Yes - 2 Hour
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
Small Group Offering 1 Week(s) - 18, 21, 26, 29 Fri 14:00 - 17:15

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