Module Code - Title:
EC4904
-
PRINCIPLES OF ECONOMICS
Year Last Offered:
2026/7
Hours Per Week:
Grading Type:
N
Prerequisite Modules:
Rationale and Purpose of the Module:
The purpose of this module is to introduce students to some of the key principles underlying the Economy. This course will blend concepts and theory from both microeconomics and macroeconomics in a bid to offer students insights into how the everyday occurrences of the economy operate. The main objectives of this module are to provide students with the basic tools to apply economic analysis to real life problems and to ensure an understanding of macroeconomic issues such as unemployment and inflation. In addition, towards the end of the semester we will be discussing some recent trends relating to the Irish and Global economies.
Syllabus:
The Market: Demand & Supply/Aggregate Demand & Aggregate Supply; Theory of Producer Costs; Labour Market Statistics & Unemployment; National Income/Measures of Standard of Living; Fiscal Policy/Role of Government in the Economy; Monetary Policy/Money and Banking; Unemployment and Inflation; Ireland's Economic History; Global Political Economy - Understanding the Global Financial Crisis and its aftermath; Global Political Economy - Current Issues, Sustainable Development Goals
Learning Outcomes:
Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)
On successful completion of this module, the student will be able to: 1. Describe the key economic theories and their influence on economic policy
2. Interpret economic developments
3. Apply economic analysis to real life problems
4. Estimate relationships in macroeconomics using data
5. Develop techniques to identify and appraise critical issues in economics
Affective (Attitudes and Values)
On successful completion of this module, the student will be able to: 6. Participate in debates on contemporary economic issues
Psychomotor (Physical Skills)
Not applicable
How the Module will be Taught and what will be the Learning Experiences of the Students:
The module will be delivered through blended teaching with a strong focus on student-led learning. Teaching methods include live and asynchronous virtual lectures; recorded lectures; podcasts and media links; virtual class discussion boards and student e-learning activities; in person classroom activities.
Prime Texts:
Mankiw N.G. & Taylor M.P. (2017)
Economics 4th edition
, Cengage Learning.
Rossana, R.J (2011)
Macroeconomics
, Routledge.
Other Relevant Texts:
Mankin, G.N. and Mark Taylor, (2007)
Macroeconomics
, Worth
Programme(s) in which this Module is Offered:
BACHELOR OF ARTS IN HUMAN RESOURCE MANAGEMENT AND THE FUTURE OF WORK
DIPLOMA IN HUMAN RESOURCE MANAGEMENT
Semester(s) Module is Offered:
Spring
Module Leader:
Antonina.Stankova@ul.ie