Semester 1  

Unit(s) of Assessment 

Weighting Towards Module Mark (%) 

2 Hour Examination 

70 

Coursework 

30 

Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module.

This module is designed to enable the undergraduate student to have a good understanding of the application of economic principles to markets and economies.  This module will reinforce the principles of economics to enable the student to analyse historical behaviour and to predict future behaviour given relevant data.  The module will be taught through a set of weekly lectures and tutorials.  Use will be made of up to date economic case studies for the tutorial sessions as part of the learning tool set. 

This module will provide a firm understanding of the application of economic tools and concepts to economic problems. 

By the end of the module students will:- 
To understand and be able to use economic data. 
To understand and use a range of economic tools. 
To be able to use economic concepts and methods to analyse and interpret real-world economic phenomena and to assess issues of economic policy.  

The following is an indication of the likely topics to be covered:
Principles of Economics 
How markets work 
Types of market structure and concordance with real markets
Elasticities 
Public sector markets and the tax system 
Labour Markets
Macroeconomic markets and data 
The economics of money and prices
Open markets and interntional trade 
The management of economies
Common currency areas and the EMU
Recent events in Economics 
Likely future economic pressures and their effects 

Lectures (13 hrs) and Classes (26 hrs) 

Main text: 
N. Gregory Mankiw and Mark P Taylor: Economics, Thompson.
J. Sloman and  A. Wride: Economics 7^th Edition, Prentice Hall.
N. Gregory Mankiw: Principles of Economics 3^rd edition, Thompson. 
John Sloman and Mark Sutcliffe: Economics for Business, Prentice Hall. 
David Begg: Foundations of Economics 4^th Edition Mcgraw Hill.