There are no pre-requisites for this module to be added

The module covers a number of topics which will give you a broad appreciation of a number of economic principles including the basic economic issue of resource allocation and scarcity. Alternative economic systems will be considered as well as supply, demand and elasticity concepts and market structures – perfect competition, monopoly, monopolistic competition and oligopoly. The module also examines the key issues of economic growth, inflation and unemployment and general macroeconomic policy.

Upon completion of this module you will be able to

LO1: Define the basic economic problem and comprehend alternative methods of dealing with the problem of scarcity.

LO2: Explain the operation of markets using economic concepts.

LO3: Describe the alternative models of market structures.

LO4: Understand the role of government in the economy.

LO5: Define the macroeconomic objectives of economic growth, inflation and unemployment.

LO6: Identify relevant policies relating to macroeconomic objectives.