Modules

• Year 1

  Core Modules

  Principles of Economics (40 credits)

  ×

  Principles of Economics

  Overview

  The Economy is the title of our new CORE (Curriculum Open-access Resource for Economics) module for Level 1. CORE is the result of a huge global collaboration to change the way introductory economics is taught; to ensure it is student-centred and motivated by real-world problems and real-world data. The module focuses throughout on evidence on the economy, from around the world, and from history. It is motivated by questions — how can we explain what we see? The method is to ask interesting questions first and then to introduce models that help to answer them. Standard tools such as constrained optimization are taught – CORE covers the ground covered by traditional economics principles modules and much, much more – by showing how they give insight into real-world problems. Economics as a discipline is set in a social, political, and ethical context in which institutions matter.
  
  The module starts with a big picture analysis of how the global economy came to look as it does today. It goes on to consider economic decision making of single actors; economic relationships and interactions; markets, their dynamics, and how they work (or may not work); and the aggregate economy in the short, medium and long runs. The module concludes by applying economic understanding to one or more key global issues such as globalization, inequality, or environmental sustainability and collapse.

  Learning Outcomes

  Successful completion of the module will enable students to understand:
  
  - The reach of economics and its place in the wider social sciences;
  - How to interpret relevant evidence and apply relevant economic theory to help answer a variety of economic and social questions;
  - How to critically evaluate the application of models in economics to real-world questions and policy issues;
  - The key aspects of the historical development of the global economy and its contemporary nature.

  Skills

  Subject-specific skills
  
  The ability to construct arguments and exercise problem solving skills in the context of real-world economic and social questions; the ability to construct, interpret and critically evaluate economic models of behaviour; the ability to apply economic models and concepts to real world questions; the ability to understand, evaluate and commentate on the economy and on economic and social policy.
  
  Cognitive and transferable skills
  
  Problem solving, logical reasoning, independent enquiry, critical evaluation and interpretation, self-assessment and reflection, synthesising information from a variety of sources, written and verbal communication, organisation and time management.

  Coursework

  50%

  Examination

  50%

  Practical

  0%

  Stage/Level

  1

  Credits

  40

  Module Code

  ECO1013

  Teaching Period

  Full Year

  Duration

  24 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Quantitative Methods (20 credits)

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  Quantitative Methods

  Overview

  This course builds on the Mathematics taught at GCSE level or an equivalent level. The course is taught paying particular attention to the solving of economic problems and relating these to applications to the real world. There are two parts in the module.
  
  The first part covers mathematical techniques required to solve applied economic problems. It begins with a revision of basic algebraic methods. These ideas are then further developed to cover more advanced mathematical concepts including linear and non-linear functions; single variable calculus and calculus of several variables.
  
  The second part covers basic statistical methods used by economists and other social scientists. This will include data presentation, descriptive statistics, basic regression analysis, time series and elementary probability theory. Students will also be taught how to use Excel to perform basic statistical analysis.

  Learning Outcomes

  On the successful completion of the module students will be able to:
  
  1. Know what is meant by a function.
  2. Use calculus methods to solve basic economic problems such as profit maximization.
  3. Use calculus to locate the maxima and minima for functions of several variables.
  4. Use descriptive statistics to present data.
  5. Know what is meant by a probability distribution.
  6. Perform basic regression analysis and time series forecasting.
  7. Exhibit transferable skills of problem solving, numeracy and the communication of mathematical concepts.

  Skills

  The aim of this module is to give students a basic working knowledge of the mathematics and statistics that is needed in the quantitative and non-quantitative level 2 and level 3 modules. The primary focus of the module is to provide the basic tools to solve practical, applied problems.

  Coursework

  0%

  Examination

  100%

  Practical

  0%

  Stage/Level

  1

  Credits

  20

  Module Code

  ECO1009

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Introduction to Legal Study and Basic Contract Law (20 credits)

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  Introduction to Legal Study and Basic Contract Law

  Overview

  A brief introduction to the legal system of Northern Ireland followed by an examination of the law of contract, including formation of contracts, termination, breach of contract and exclusion clauses. Consideration of contracts of employment and of agency, sale of goods and consumer credit law, tort, banking law, and commercial issues generally.

  Learning Outcomes

  At the end of this module students should be able to:
  
  1. Describe the legal system in operation within Northern Ireland;
  
  2. Explain and apply the law of contract (including, in particular, three specific types of contract, being contracts for the sale of goods, consumer credit contracts and contracts of employment);
  
  3. Explain and apply commercial law, focusing on concepts of legal personality and the law of agency, the banker/customer relationship, landlord and tenant relationship, the employer/employee relationship, and the issues of planning law and money laundering;
  
  4. Explain and apply liability for negligence in tort, including the potential liability of accountants for professional negligence;
  
  5. Explain and apply health and safety legislation, data protection and industry specific legislation.

  Skills

  Handling case-law, problem solving, essay writing, critical thinking and analysis.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  1

  Credits

  20

  Module Code

  ACC1005

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Introductory Management Accounting (20 credits)

  ×

  Introductory Management Accounting

  Overview

  Management Accounting has the purpose of identifying, measuring and communicating information to allow management and employees to make informed judgements and decisions. It is concerned with the provision of both financial and non-financial information to decision-makers. The Module provides an introduction to Management Accounting and reviews: the purposes of Management Accounting; cost terms; cost behaviours and estimation; cost accumulation/assignment techniques; job and process costing; joint and by-products costing; income effects of alternative cost accumulation systems; use of information for decision making (CVP analysis); short-term vs. long-term decision making; a brief introduction to budgeting.

  Learning Outcomes

  By the end of the module students should be able to:
  1. Discuss the context in which management accounting exists and how it is influenced by ethical issues, as well as internal and external factors;
  2. Evaluate the role of management accounting in the provision of information for organisational planning, control and decision-making;
  3. Describe the importance of cost information and costing systems to the successful strategic management of organisations; and
  4. Compare information and apply appropriate techniques for organisational planning and decision making.

  Skills

  Skills in gathering and interpreting both qualitative and quantitative information; knowledge of the tools and techniques for the provision of timely, accurate and relevant information internally.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  1

  Credits

  20

  Module Code

  ACC1003

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Introductory Financial Accounting (20 credits)

  ×

  Introductory Financial Accounting

  Overview

  This module provides students with an appreciation of how financial information is recorded and reported to various user groups who in turn use this information to assess business performance and determine resource allocation. The module begins with an overview of financial accounting. It then covers double-entry bookkeeping, the core accounting adjustments and the preparation of basic financial statements. The control mechanisms that are prevalent to all accounting systems are considered. Three types of business entity are compared and contrasted. Accounting for inventory, main accounting concepts, characteristics of accounting information and ethics in accounting are also explored.

  Learning Outcomes

  At the end of this Level 1 introductory module students should be able to:
  1. Explain the theoretical foundations (concepts) which underpin financial accounting;
  2. Record accounting transactions (of a level consistent with Introductory Accounting) with competence;
  3. Prepare and discuss suspense accounts, control accounts and bank reconciliations;
  4. Prepare a basic: profit and loss statement; statement of financial position; for a sole trader and a partnership;
  5. Describe the differences and similarities among the main types of business entity;
  6. Decipher information that can be used to prepare financial statements from incomplete records;
  7. Explain the distinction between cash accounting and accruals accounting;
  8. Demonstrate an awareness of topical issues such as accounting for sustainable development, accounting ethics and developments in relation to international accounting frameworks.

  Skills

  Development of data handling and problem-solving skills. Students will improve analytical, reasoning and verbal and written communication skills. Business acumen skills will be enhanced as students develop an awareness of various key events within the corporate business.
  
  At the end of this module students should have gained experience in independent working and presenting their work to peers in class.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  1

  Credits

  20

  Module Code

  ACC1001

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

• Year 2

  Core Modules

  Data Analysis and Optimisation (20 credits)

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  Data Analysis and Optimisation

  Overview

  This level-2 module introduces a selection of introductory methods used to analyse data used in business and economics, such as regression analysis, optimization and project management. Statistical software (Stata and Excel) will be used in tutorials to illustrate concepts presented in lectures. Students are expected to use the knowledge gained in lectures and tutorials to perform their own data analysis project as part of a team. This module remains accessible to students without a strong statistical background, as long as they are open to learning how to read and interpret basic statistics. Tutorials, group presentations and group projects in addition to traditional lectures are essential parts of this module as it focuses on practice and applications of quantitative methods used in business. Upon completion, successful students are expected to understand and use these methods and to improve their skills concerning problem solving, verbal and written presentation, computer utilization, and working as a group.

  Learning Outcomes

  1. The student will gain the necessary skills to use business data to make forecasts.
  2. The student will gain knowledge and understanding of several optimisation techniques used in business and elsewhere for decision and policy making.
  3. The student will be able to formulate several classes of business problems analytically and to solve them, with a good grasp of the various stages involved and the implications of underlying assumptions in a practical context.
  4. The student will supplement his or her computing skills by using Excel.

  Skills

  Exercise solving, computing skills, the adoption of a quantitative approach to practical problems encountered in business.

  Coursework

  40%

  Examination

  50%

  Practical

  10%

  Stage/Level

  2

  Credits

  20

  Module Code

  ECO2023

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Macroeconomic Policy and Performance (20 credits)

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  Macroeconomic Policy and Performance

  Overview

  The course opens with a brief tour of the global economy. This is followed by a discussion of the meaning and measurement of the main macroeconomic variables: output, unemployment, inflation and growth. The goods and financial markets and the concept of macroeconomic equilibrium are introduced. The IS/LM model is used to analyse the effectiveness of fiscal and monetary policy in the medium term. Aspects of the labour market are then considered followed by the introduction of the aggregate demand and aggregate supply model. The final third of the course is devoted to a discussion of factors contributing to the long run growth of the economy. The topics covered include: the Solow model of economic growth; growth accounting; factors contributing to total technological change and total factor productivity and the role and regulation of foreign direct investment.

  Learning Outcomes

  Knowledge and Understanding
  On completion of the course, students should have greater familiarity with salient features of the macroeconomic environment. They should understand the main determinants of aggregate output in a monetary economy in the short, medium and long-run. They should have an understanding of the factors contributing to growth and development as well as to fluctuations in macroeconomic performance. Students should understand government’s role in the economy and be able to analyze the effect of different policy interventions.

  Skills

  Intellectual Skills
  
  Students will gain knowledge and understanding of aspects of macroeconomic theory and development theory. They will become aware of competing views on the role of governments and markets. They will develop the ability to search for and interpret empirical evidence and bring it to bear on policy issues. They will gain experience in weighing evidence, developing policy options and outlining the pros and cons of these options.
  
  Practical Skills
  Students will develop their oral and written communication skills as well as their awareness of how economic policy can impact on business.

  Coursework

  40%

  Examination

  60%

  Practical

  0%

  Stage/Level

  2

  Credits

  20

  Module Code

  ECO2002

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Managerial Economics (20 credits)

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  Managerial Economics

  Overview

  Managerial Economics is concerned with the application of economic principles and methodologies to the decision-making process inside corporations and other organisations operating under conditions of risk and uncertainty. Students acquire a solid foundation in key analytical tools: game theory, transaction costs, information asymmetries and the principal-agent problem. These tools are used to understand organisational architecture: the assignment of decision rights within organisations, the methods of incentivising individuals, and the structures and systems used to evaluate the performance of individuals and business units. This module draws on material from allied academic fields, including personnel economics, behavioural economics, financial economics and business history.

  Learning Outcomes

  • Students will gain a better understanding of the functioning of economic agents under conditions of risk and uncertainty.
  • Students will acquire detailed knowledge about the economics of the firm, including the specific role of information, property rights and transaction costs.
  • Students will become familiar with key issues facing the owners, managers and employees of business organisations, including how these issues change with the external economic environment.
  • Students will learn how to identify, describe, analyse and solve a selection of real-world problems in managerial economics.

  Skills

  Skills gained include: logical reasoning and problem solving, working effectively in groups, and written and verbal communication skills.

  Coursework

  100%

  Examination

  0%

  Practical

  0%

  Stage/Level

  2

  Credits

  20

  Module Code

  ECO2009

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Management Accounting (20 credits)

  ×

  Management Accounting

  Overview

  Management accounting has the purpose of identifying, measuring and communicating information to permit management and employees in an organisation to make informed judgements and decisions in an ethical way. It is concerned with the provision of both financial and non-financial information to decision-makers. Management accounting requires the understanding of both decision-making processes and different information needs of the users of accounting information. The module begins by revisiting the basic concepts of management accounting and discussing its role in the importance of the changing environment and the impact it has on management accounting systems. In particular, the module examines planning control and performance measurement: budgeting; feedback and feedforward control; behavioural aspects of control systems; standard costing; and advanced aspects of cost allocation systems. The module also examines advanced aspects of short-term decision making: the decision-making process; rational management, programmed and non-programmed decisions; relevant costs; limiting factors and linear programming; the learning curve; risk and uncertainty in decision making. The role of big data and data analytics in the functions of management accounting are also explored in the module.

  Learning Outcomes

  At the end of this module students should be able to:
  
  1. Produce and present information for planning, controlling and decision making in a variety of organisations.
  2. Interpret management accounting information.
  3. Critically evaluate the use of management accounting techniques.
  4. Evaluate the importance of cost information and costing systems to the successful strategic management of organisations.

  Skills

  The development of problem-solving skills through analysis, interpretation and evaluation of relevant management accounting information and management control theories. At the end of this module students should have gained experience in working in small groups and making presentations.¶

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  2

  Credits

  20

  Module Code

  ACC2005

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Financial Decision Making (20 credits)

  ×

  Financial Decision Making

  Overview

  Financial Environment; Time Value of Money; The Investment Decision - Capital Budgeting; Risk and Return; Cost of Capital; The Financing Decision; Working Capital Investment; Introduction to Personal Finance.

  Learning Outcomes

  To promote an appreciation of how long term financial decisions are taken through an understanding of the concepts and principles involved.

  Skills

  To formulate procedures for problem solving within a financial environment. To understand the issues surrounding a company's investment and financing decisions.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  2

  Credits

  20

  Module Code

  FIN2006

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Financial Accounting (20 credits)

  ×

  Financial Accounting

  Overview

  Financial accounting statements communicate information about organisations to users for the purposes of control, financial performance assessment and valuation of companies. The module begins by examining the framework for the preparation and presentation of financial statements, followed by a revision of the preparation of financial statements. This provides the basis for understanding, evaluating and applying the regulatory requirements relating to the preparation of financial statements for incorporated entities. In particular, the module examines the accounting requirements for: revenue recognition; property, plant and equipment; leases; research and development; borrowing costs; impairment of assets; investment properties; government grants; and provisions. The analysis and interpretation of financial information, together with earnings per share are also considered in detail. Alternative accounting treatments are reviewed to allow the evaluation of current regulatory requirements, including consideration of the key differences between International Accounting Standards (IASs)/International Financial Reporting Standards (IFRSs) and FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland.

  Learning Outcomes

  At the end of this module, students will be able to:
  
  1. discuss the purposes of income measurement and evaluate different methods of reporting income and valuing assets;
  
  2. prepare financial statements for incorporated entities in accordance with the requirements of International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs);
  
  3. discuss the usefulness and limitations of the information provided in financial statements; and
  
  4. interpret the performance of companies using ratio analysis applied to data in published financial statements.

  Skills

  Data handling. Critical evaluation of alternative accounting techniques and regulatory mechanisms. Interpretation of accounting data. At the end of this module students should have gained experience in working in small groups and making presentations.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  2

  Credits

  20

  Module Code

  ACC2004

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

• Year 3

  Core Modules

  Taxation (20 credits)

  ×

  Taxation

  Overview

  Taxation theory; principles and practice of the UK tax system including: administrative framework, tax avoidance/evasion; personal and business taxation including: computation of an individual's overall tax liability; income tax; value added tax; introduction to corporation tax, capital gains tax; and inheritance tax.

  Learning Outcomes

  At the end of the module students should be able to:
  1. explain the principles of tax law and practice and apply their knowledge to the solution of practical computational problems and the evaluation of alternative tax strategies;
  2. analyse the effects of tax changes and evaluate fiscal policy studies; and
  3. explain and demonstrate the importance of accuracy and integrity in a professional environment.

  Skills

  Students should further develop their skills in: analysis and reasoning; identifying relevant information for problem-solving; research and report-writing; working in small groups

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ACC3012

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Advanced Management Accounting (20 credits)

  ×

  Advanced Management Accounting

  Overview

  Management accounting, both in businesses and in not-for-profit organisations, serves the purpose of identifying, measuring and communicating economic information to permit management and employees in an organisation to make informed judgements and decisions. Thus, it is concerned with the provision of both financial and non-financial information to decision makers. Implicit in the understanding of management accounting is the requirement to appreciate both decision-making processes and the different information needs of the users of accounting information in various organisation types. This module builds upon previous study of the area and begins by setting management accounting within an economic, political, social and cultural context. The module focuses on information for planning, control and performance measurement. Key issues faced by many organisations that will be examined in this module relate to: the extent (if any) of decentralisation; the measurement of divisional performance; and transfer pricing (including the performance measurement and behavioural aspects). Moreover, in the light of changes within the business environment including deregulation, globalisation, reducing product life cycles, continuous improvement objectives, sustainability, increasing customer sophistication, digitalization and internationalisation, the module also looks at management accounting from a change perspective and a strategic perspective. This is achieved by considering strategic cost management approaches, performance measurement and management, behavioural implications and exploring management accounting change.

  Learning Outcomes

  At the end of this module students will be able to:
  1. Demonstrate the technical, analytical and evaluative skills required in the field of management accounting.
  2. Critically evaluate management control issues.
  3. Discuss the synergy between the role of management accounting and other roles in an organisational setting.
  4. Discuss, critically evaluate and apply the financial and non-financial aspects of management accounting theory and methodology to a management accounting role within an organisation through the medium of case study/group work/examination.
  5. Engage with current and likely future research into the field of management accounting given the ever-evolving business environment.

  Skills

  To develop further technical, evaluative and analytical skills pertinent to management accounting. Students will develop and enhance their abilities to work in small groups and make presentations.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ACC3011

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Law of Business Organisations (20 credits)

  ×

  Law of Business Organisations

  Overview

  The purpose of this module is to provide students with a comprehensive understanding of company law, including the duties and responsibilities of officers of incorporated associations together with the rights and obligations of company members, their protection, how a company operates, how it is constituted, reorganisations, winding-up and capital and securities.

  Learning Outcomes

  On successful completion of the module students will be able to:
  1. Discuss the principal functions of company law, its sources, content and development;
  2. Explain the relevant statutory provisions of the companies’ legislation and how they relate to the practical every day running of a company;
  3. Explain and apply key features, including concepts, principles, doctrines and legislation in business and company law;
  4. Evaluate the purpose and function of company law in the relevant context, as well as the role of ethics in business behaviours;
  5. Evaluate the nature and significance of various issues in corporate governance;
  6. Critically evaluate the operation of those aspects of company law explored during the module;
  7. Apply the law to answer problem style questions, demonstrating skills of analysis, synthesis and evaluation.

  Skills

  Students should be able to:
  
  · analyse legal materials, identify key legal principles and issues and, where appropriate, make constructive criticism;
  · critically evaluate legal materials by way of statutory interpretation, case analysis, review of journal articles and consideration of reform reports from bodies such as the Company Law Review;
  · critically assess the strengths and weakness of law reform as developed by the Company Law Review and reflected in the Companies Act 2006;
  · communicate effectively knowledge of issues of company law and present reasoned arguments coherently.
  
  In addition, students will have developed transferable skills including good communication skills in both oral and written work; developing subject-specific skills relating to their capacity for abstraction, deduction, and critical analysis of the systematic retrieval of legal materials, reasoning, and investigation. Students will also be expected to act independently and manage time effectively.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ACC3024

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Advanced Financial Accounting (20 credits)

  ×

  Advanced Financial Accounting

  Overview

  Fair value/deprival value measurement and other theories associated with income measurement are considered. The preparation and presentation of consolidated financial statements, including foreign entities is also covered, together with principal-agent analysis and earnings management. The role of financial accounting regulation in theory and practice is reviewed to aid understanding and evaluate financial accounting principles, concepts and regulatory requirements. Topical issues surrounding accountability, including social, environmental and sustainability reporting are explored.

  Learning Outcomes

  At the end of this module, students will be able to:
  
  • prepare financial statements for groups of companies in accordance with the requirements of International Accounting Standards and International Financial Reporting Standards;
  • explain the purposes of income measurement and critically evaluate alternative approaches to income measurement and asset valuation;
  • explain and critically evaluate the limitations of accounting information and the role of corporate social and environmental reporting in discharging accountability.

  Skills

  Data handling, analytical and critical reasoning, verbal and written communication skills, working in small groups and personal communication and presentation skills. At the end of this module students should have gained experience in working in small groups and making presentations.

  Coursework

  25%

  Examination

  75%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ACC3010

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Core

  Optional Modules

  Environmental Economics (20 credits)

  ×

  Environmental Economics

  Overview

  The field of environmental economics informs policymakers of the policy levers required to efficiently guide society towards sustainable patterns of consumption. This module will provide students with a solid grounding on the theory and practice of environmental economics, focussing on climate change and the sustainable transformation of the energy system. Students will understand the economic rationale for a variety of alternative environmental policies, such as Pigouvian taxes. This module will cover the difference between theory and practice, outlining the policy experience in the UK, Ireland and Europe, and the role political and social constraints have in enacting effective environmental policy. Decarbonisation of electricity forms a central element of tackling climate change. Students will gain an understanding of how the single electricity market on the island of Ireland operates and will critically evaluate various decarbonisation policies. This module will also touch on issues such as behavioural economics when dealing with energy efficiency and consumer behaviour. As many well-meaning environmental policies have had counter-intuitive negative consequences, this module will empower students to fully engage with the costs and benefits of climate change interventions.

  Learning Outcomes

  1. To provide an understanding of the theory of Pigouvian taxation and to critically assess the means of implementing these policies.
  2. To critically evaluate environmental policy as enacted in the UK, Ireland and Europe.
  3. To understand the efficiency, equity and political economy trade-offs in environmental policy design
  4. To understand the economics of electricity markets and the efficiency and equity
  implications of various decarbonisation policies.
  5. To understand that well-meaning policies can have perverse unintended outcomes and that one must carefully think through the economic consequences.

  Skills

  Knowledge and understanding:
  Students should develop the economic rationale behind carbon taxation and the context for implementing different environmental policies. Students should understand how current environmental policies came to be and their economic and environmental impact. Students should understand how electricity markets operate. Energy and environmental economics touches on fields of game theory, behavioural economics and industrial organisation so students should develop an understanding of these fields also.
  
  Intellectual skills:
  Students should develop the ability to interrogate policies and to think through the economic consequences of a given measure. The ability to construct arguments on a solid economic foundations should be introduced to students.
  
  Practical skills:
  Students should develop an ability to evaluate and present an economic argument through continuous assessment assignments. Students should have a foundation in energy economics that will be desirable for future employers in industry, policy and research.
  
  Study skills:
  Students should develop the ability to critique an economic policy or argument. Students will work in groups when presenting their tutorial seminar, which should develop collaboration skills.

  Coursework

  25%

  Examination

  50%

  Practical

  25%

  Stage/Level

  3

  Credits

  20

  Module Code

  ECO3037

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Optional

  Quantitative Business Economics (20 credits)

  ×

  Quantitative Business Economics

  Overview

  The course covers a range of topics from sampling techniques, to description and visualisation of data, testing differences between samples and building empirical models to answer economically relevant questions, e.g. concerning the choices that consumers, households, firms, and other agents make under specific circumstances. Classroom exercises guide the students to understand the advantages and limitations of these models and confront the students with decisions in realistic environments. Statistical software will be used in tutorials to illustrate concepts presented in lectures. The module will also draw on case studies together with business datasets in order to analyse business choices and outcomes.

  Learning Outcomes

  Upon successfully completing this course, students will be able:
  1..to read published quantitative research in a critical manner, and thus be empowered to form independent judgement of the efficacy of research papers.
  2.To better understand research design in the social sciences, including forming relevant research questions, collecting appropriate data, choosing and implementing the correct quantitative methods, and drawing economic conclusions.
  3.To use statistical software to employ basic statistical methods to analyse data

  Skills

  By the end of this module, successful students will:
  1.Have a clear idea of methods of sampling from the population.
  2.Identifying and understand various types of statistics.
  3.Provide a visual/graphical presentation of data and understand source information.
  4.Understanding correlation analysis and relationship between variables.
  5.Understanding categorical variables and how to use them to model choices
  6.Analysing choices and analytically considering implications.

  Coursework

  100%

  Examination

  0%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ECO3039

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Optional

  International Economics (20 credits)

  ×

  International Economics

  Overview

  International economics is a challenging and exciting sub-discipline of economics, which investigates the drivers and consequences of: (i) the international movement of goods and services; (ii) the international movement of money and capital; and (iii) the distributional consequences of these international transactions. This module will cover topics such as:
  
  - Which are the most influential theories of international economics?
  - What are empirically the most important drivers of international transactions?
  - Who benefits from international trade and why?
  - How can trade-induced inequalities be mitigated?
  - What are nominal and real exchange rates? What are their determinants? How do they influence international transactions?
  - What are the costs and benefits of different monetary systems, such as currency unions or fixed exchange rate systems?

  Learning Outcomes

  A course in international economics should help students gain a better understanding of a range of issues concerning the international transaction of goods, services and money. Specific learning outcomes for students include:
  
  - to gain a deeper understanding of both theory and empirical analysis in international economics, including international macroeconomics and international trade
  - to develop analytic skills, and be introduced to the main empirical methodologies used in international economics
  - to broaden students’ perspectives of the wide scope of international economics
  - to critically assess the often ambiguous evidence and real-life trade policy choices
  - to understand that well-meaning policies can have perverse unintended outcomes and that one must carefully think through the economic consequences.

  Skills

  Knowledge and understanding:
  Through this course, students should acquire a knowledge and understanding of:
  - the main theories of classical and contemporary international economics
  - increased awareness of distributional issues created by international trade
  - how the application of theory can help us understand the functioning of the world economy, and therefore predict the impact of government policies while taking into account country-specific contexts
  
  Intellectual skills:
  Through this course, students should be able to:
  - critically evaluate the main theories and concepts discussed in the course material
  - apply economic theories to a range of “real world” problems with specific reference to international economics.
  
  Practical skills:
  Through this course, students should develop:
  - an ability to evaluate and present an economic argument through continuous assessment.
  - a foundation in international economics that will be desirable for future employers in international institutions and (non-)governmental organisations that are concerned with analysing causes and consequences of international economic interaction, as well as policy and research.
  
  Study skills:
  Through this course, students should demonstrate and further develop the following skills:
  - research a wide range of relevant information
  - give effective presentations making use of appropriate information technology
  - write analytical essays based on sophisticated arguments.
  
  Transferable skills:
  Through this course, students should demonstrate and further develop the following transferable skills:
  - library and research skills, including time management
  - oral and written communication
  - presentation skills, including the use of appropriate information technology
  - group participation.

  Coursework

  50%

  Examination

  50%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ECO3036

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Optional

  Economics of Corporate Strategy (20 credits)

  ×

  Economics of Corporate Strategy

  Overview

  A brief overview of theories of industrial and economic organization, contemporary theories of the firm, agency costs, evolutionary economics, transaction cost economics, incentives, entrepreneurship, mergers, hybrids, corporate governance, strategic management, competitive advantage.

  Learning Outcomes

  On completion of the module, students will have
  (1) developed an understanding of the key theoretical, empirical and case study methods in business economics as a way of understanding firms and industries;
  (2) developed an awareness of accepted theories which underpin how businesses are organized;
  (3) enhanced their capacity to structure an argument, to make points accurately and consistently;
  (4) become familiar with the relevant aspects of the business economics literature
  (5) developed an ability to interpret data, weigh evidence and draw policy conclusions from a range of sources.

  Skills

  Familiarity with theoretical and applied topics in modern business economics, oral and written communication skills, interpreting data, weighing evidence and drawing policy conclusions

  Coursework

  100%

  Examination

  0%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ECO3013

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Optional

  Labour Economics (20 credits)

  ×

  Labour Economics

  Overview

  For most of us the labour market is arguably the most important market that we ever participate in: it’s where we spend a lot of our lifetime and is where most of the income that we spend on goods and services comes from. Labour economics helps us to understand this key market and our own place within it. Many social policy issues – poverty and inequality, unemployment, welfare benefits, education, migration – are also inextricably linked with the labour market. Labour economics helps us to gain a better understanding of these issues and the trade-offs faced by policy makers in trying to address them. The course is divided into 11 substantive topics as follows: an introduction to the labour market; labour supply; labour demand; compensating wage differentials; human capital; wage inequality; labour mobility; labour market discrimination; incentive pay; unions; unemployment.

  Learning Outcomes

  Knowledge and Understanding
  
  On successful completion of this module, students will have acquired an understanding of:
  
  • The theory and reach of labour economics;
  • How to apply relevant theory to a variety of labour market and social policy issues and contexts;
  • How quantitative methods can be used to analyse labour market and social policy issues;
  • How to critically evaluate the application of models and methods in labour economics to labour market and social policy issues.
  
  This module also provides opportunities for the student to acquire or enhance the following subject-specific skills:
  
  • The ability to construct arguments and exercise problem solving skills in the context of labour economics theory and its application;
  • The ability to comprehend and evaluate academic and policy literature related to labour economics and social policy;
  • The ability to construct, interpret and critically evaluate models of behaviour in labour economics;
  • The ability to apply economic models and concepts to real world questions;
  • The ability to understand, evaluate and commentate on economic and social policy;
  
  In addition, this module provides opportunities for the student to acquire or enhance the following cognitive and transferable skills:
  
  • Problem solving
  • Logical reasoning
  • Independent enquiry
  • Critical evaluation and interpretation
  • Self-assessment and reflection
  • Synthesising information from a variety of sources
  • Written and verbal communication
  • Organisation and time management

  Skills

  An understanding of the employment relationship and labour market economics.

  Coursework

  100%

  Examination

  0%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ECO3019

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Optional

  Public Economics (20 credits)

  ×

  Public Economics

  Overview

  The module concentrates on public expenditure and taxation issues. Following a review of the welfare basis for government intervention, the expenditure section focuses on public goods, externalities, public choice, equity and efficiency aspects of health care and education provision, and fiscal federalism. The taxation section considers issues of tax incidence and the effects of taxation on savings and labour supply. The optimal (direct and indirect) tax literature is reviewed.

  Learning Outcomes

  To develop the skills appropriate to an economic analysis of the role, and the effects of the government in market economies such as the UK and the Republic of Ireland. Students will be introduced to the concepts of economic efficiency and social justice and to the development of a framework which attempts to explain why the state produces and/or allocates some goods but leaves others to the private market. Furthermore students will be introduced to the theoretical and empirical issues of positive and optimal taxation.

  Skills

  The module will build on and reinforce the analytical skills of students and encourage them to think critically about the role of government in the economy.

  Coursework

  30%

  Examination

  70%

  Practical

  0%

  Stage/Level

  3

  Credits

  20

  Module Code

  ECO3012

  Teaching Period

  Spring

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Optional

  Economic History (20 credits)

  ×

  Economic History

  Overview

  This module covers various topics in the economic history of the world across the last 500 years. It is intended to complement other final year modules; accordingly it emphasises the application of microeconomic and macroeconomic theory, and qualitative and quantitative methods, to solve historical puzzles. On completion, students should be able to consider how economic reasoning can be used to explain both major historical events and long-run historical processes. Applied economics which uses historical data is also considered in this module. Tutorials concentrate on the in-depth discussion of landmark papers, especially in the New Economic History tradition, and on country-specific material, especially on Britain and Ireland.
  
  Topics may include: population dynamics and the Demographic Transition; the Industrial Revolution and the Great Divergence; the origins of financial capitalism; famine and migration in Ireland; slavery, discrimination and American capitalism; command economies and the Soviet Union; macroeconomic policy and the Great Depression; European integration, British decline, and Irish divergence.

  Learning Outcomes

  Module Aims
  
  1. To acquaint students at an advanced undergraduate level with the fields of economic history and historical economics.
  2. To help students to appreciate the usefulness of historical enquiry within economics and the broader social sciences.
  3. To develop students' understanding of important themes within economics, such as demographic transition, industrialisation, competing economic systems, and economic crises.
  4. To provide students with an awareness of current academic debates in the field of economic history, including its major sub-fields business history and financial history.
  5. To develop students' ability to critically read academic articles, interpret data, weigh evidence and draw conclusions from a range of sources, both quantitative and qualitative.
  6. To provide students with the requisite skills to identify and frame independent research.

  Skills

  Intellectual Skills:
  Students should understand the relationship between historical evidence and economic/quantitative reasoning. They should be able to use objective arguments, to weigh evidence and draw up conclusions based on narrative and empirical analyses.
  
  Practical Skills:
  Besides gaining an awareness of how economics can be used practically to better understand of the wealth and poverty of nations, students will also develop their oral and written communication skills. The skillset acquired by students in this module is particularly useful for those intending to pursue undergraduate research (e.g. a dissertation) or postgraduate study in economics or related disciplines, for those wishing to work as a consultant or civil servant, or more widely for those intending to pursue careers that require problem-solving and independent research skills.

  Coursework

  75%

  Examination

  0%

  Practical

  25%

  Stage/Level

  3

  Credits

  20

  Module Code

  ECO3020

  Teaching Period

  Autumn

  Duration

  12 weeks

  Pre-requisite

  No

  Core/Optional

  Optional