Module Information

Module Identifier
Module Title
Economic Principles and Skills 1
Academic Year
Semester 1
MA12610 (unless exempted)
Mutually Exclusive
Other Staff

Course Delivery

Delivery Type Delivery length / details
Lecture 22 Hours.
Seminars / Tutorials 10 Hours.


Assessment Type Assessment length / details Proportion
Semester Assessment Assessment 2  10%
Semester Assessment Assessment 1  10%
Semester Assessment Tutorial attendance and completion of prescribed exercises  10%
Semester Exam 2 Hours   Unseen written examination  70%
Supplementary Exam 2 Hours   100%

Learning Outcomes

On successful completion of this module students should be able to:

  • Understand how markets coordinate economic activity and produce equilibrium prices and quantities;

* How to evaluate market outcomes for policy purposes;

* The mutual benefit from trade between individuals and between countries.

* They will also acquire an understanding of the main determinants of macroeconomic (aggregate) economic activity, its principal measures and how it changes over time.

* Students will also develop an understanding of the courses of inflation and unemployment.

* The module will help students acquire specific transferable skills.

* They will develop their ability to follow arguments and develop their logic and as a result improve on their capacity to see and solve problems.

* Essay writing and class work will help them to acquire time management, teamwork and presentational skills.

* Their numeracy will be enhanced by handling quantitative relationships and formulae through use of the library and internet.

* The learning experience will encourage students to reflect on ideas and thoughts.


To introduce students to the principles underlying economics, using illustrations from the study of markets and the macroeconomy.

Brief description

This modules introduces students to the fundamental principles underlying microeconomics and macroeconomics. It provides key analytical concepts and helps to develop the skills, knowledge and understanding required to work in management and business from a specialist perspective, for students taking single, major or joint honours Economics, Business Economics and Business Finance.


  • Introductory Microeconomics
  • What is Economics?
  • Demand and Supply
  • Government Intervention in Markets
  • Measuring the Efficiency of Markets
  • Goods which Impose Costs on Others
  • The Tax System
  • Introductory Macroeconomics
  • Measuring Economic Activity
  • The Determinants of Macroeconomic Acitivity
  • Inflation, Deflation and Unemployment

Reading List

N G Mankiw (2004) Principles of Economics, 3rd edition Thomson Primo search J Sloman (2000) Economics 4th edition Prentice Hall Primo search K E Case, R C Fair, M Gartner and K Heather (1999) Economics 2nd edition Prentice Hall Primo search R Frank and B Bernanke (2004) Principles of Economics 2nd edition McGraw Hill Primo search


This module is at CQFW Level 4