Short Title:Economics One
Full Title:Economics One
Module Code:ECON H2013
Credits: 5
NFQ Level:6
Field of Study:Political Science and civics
Module Delivered in 1 programme(s)
Module Author:Emma McHenry
Module Description:This module aims to introduce students to the key principles of how the microeconomy functions,the role of microeconomics in business and applied microeconomic policy concluding with an introduction to macroeconomics and the increased role of the European Union.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Demonstrate knowledge of the fundamental concepts of economics at a microeconomic level
LO2 Apply microeconomic theories, concepts and knowledge to practical problems
LO3 Demonstrate an awareness of the complexity and interconnectivity of the general business environment to business decision making
LO4 Demonstrate an understanding of applied micro economic policy
Pre-requisite learning
Co-requisite Modules
No Co-requisite modules listed

Module Content & Assessment

Content (The percentage workload breakdown is inidcative and subject to change) %
Introduction to Economics
Scarcity, choice and opportunity cost, the difference between Microeconomics and Macroeconomics, the Production Possibility Frontier, the fundamental questions of economic analysis – resource allocation, efficiency, Factors of Production: Labour, Land, Capital, and Enterprise.
Demand, Supply and Market Equilibrium
Demand and consumers, supply and producers, market equilibrium and the price mechanism, price controls.
The Concept of Elasticity
Price elasticity of demand, cross-price elasticity of demand, income elasticity of demand, elasticity of supply.CAP
The Consumer and the Theory of Demand
Marginal utility analysis, consumer surplus
The Firm and Production
The objectives of the firm, production, costs, profit-maximising output level, economies of scale.
Market Structures
Perfect competition, monopoly, monopolistic competition, oligopoly
Introduction to European Economics
Microeconomic Policy. Introduction to Macroeconomics and the increased role of the European Union
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Continuous Assessment The continuous assessment will take the form of an individual assessment. This can be an in-class time constrained short answer type exam, case study or a project. 1,2,3 30.00 n/a
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4 70.00 End-of-Semester

IT Tallaght reserves the right to alter the nature and timings of assessment


Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3.00 Every Week 3.00
Independent Learning No Description 3.00 Every Week 3.00
Total Weekly Learner Workload 6.00
Total Weekly Contact Hours 3.00
This module has no Part Time workload.

Module Resources

Required Book Resources
  • Turley,G., Maloney, M, O'Toole, F. 2011, Principles of Economics, 4th Edition Ed., Gill & Macmillan
Recommended Book Resources
  • Nagle, S. 2005, Economics, 3rd Edition Ed.
  • Begg , D., Fischer, S., and Dornbusch R. 2000, Economics, Mc Graw-Hill
  • Lipsey, R.G. & Chrystal, A. 1995, Positive Economics, Oxford University Press
  • McDowell, M., & Thorn, R. 2006, Principles of Economics, 1st Edition Ed., McGraw-Hill
This module does not have any article/paper resources
This module does not have any other resources

Module Delivered in

Programme Code Programme Semester Delivery
TA_HEURS_B Bachelor of Arts (Honours) in European Studies 3 Mandatory