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Undergraduate Module Descriptors 2012/13
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BM5501: Principles of Economics

Module Title Principles of Economics
Module Code BM5501
Module Tutor Jim Keane
School Business and Management
CAT Points 15
Level of Study 5
Pre-requisites None
Co-requisites None
Restrictions Cannot be counted with BMN209
Brief Description

The module considers the approach taken by economists to understanding the key features of the micro and the macro economy. This module will provide an overview of the main principles of economics as they apply to consumers, organisations, markets, and the wider economy.
Indicative Syllabus

This module will take students through the main topics of economics. Students will thus study a range of topics, including:

Demand

Supply

Profit Maximisation

Alternative Theories of the Firm

National Economy

Macroeconomic Issues

Fiscal and Monetary Policy

International Trade

Balance of Payments and Exchange Rates.
Learning Outcomes

A student passing this module should be able to:

  1. Evaluate complexity, change, ambiguity and other challenges arising from the economic environment as they affect business.  (PLO2
  2. Analyse pervasive and contemporary issues in business management arising from the economic environment.  (PLO3)
  3. Think logically, conceptually, and critically about the relationship between the economic environment and business.   (PLO4)
  4. Communicate effectively in writing and through presentations.  (PLO6)
Learning and Teaching Activities Scheduled Contact Hours: 24
Independent Learning Hours: 126
Assessment (For further details see the Module Guide) 001: 50% Coursework: Individual, standard written: 1500 words or equivalant
002: 50% Written Exam: In-class, unseen, closed book: 1.00 hours
Special Assessment Requirements
Indicative Resources

The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide.

Important

Please note the course resources in this website are archived versions from previous years.

Course resources for the current years of entry are available to staff and students on Infonet.

Prospective students should use our Courses information as a starting point.

Old Archive

Course resources prior to 2012/13 can still be found in the original Maps and Descriptors Archive.

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