Economics Modules

The Economics modules listed below will be offered in academic year 2012-2013. Please note that the modules listed may be subject to change and that final module selection will depend on academic approval of your module choice at both the point of application and the academic advising session before Matriculation.

Level 3

EC30001 - Econometrics

Year long
This module provides an introduction to the theory of statistical inference and the application of regression analysis in applied economics. By the end of the module you should have a sound understanding of basic econometric principles and the practical skills to estimate simple economic relationships in a competent manner.

EC30002 - Business Economic Analysis

Year long
This module provides the foundation for the business related degrees in economic studies. It uses microeconomic techniques to analyse the business world, particularly in the areas of competition, the theory of the firm, diversification and growth in industries. It also studies related areas such as consumer theory, entrepreneurship and advertising.

EC30005 - Financial Institutions

Year long
The role of financial institutions in a developed economy is the subject of this module. You will cover topics such as the principles of banking, the supply and demand for money, the operation of monetary policy, and the regulation of the financial system.

EC30008 - Human Resources

Year long
The past two decades have seen in many countries the emergence of Human Resource management as a central part of company policy. Optimal HR and personnel policies are a major source of sustainable competitive advantage. We examine the role of economic analysis in constructing such policies and how they affect recruitment, selection, performance appraisal, training and rewards management.

EC30012 - Macroeconomic Analysis

Year long
This module furthers the study of macroeconomics and is analytical in character. The module focuses on the theoretical determinants of macroeconomic growth, and on the working of the macroeconomy with particular emphasis on the role of government stabilisation policies in affecting the macroeconomic equilibrium. The module will enable you to use the relevant analytical tools to explain the short-and long-run functioning of the macroeconomic models. You will be able to critically assess the policy implications of the analytical models and to clearly identify the role played by the underlying assumptions.

EC30003 - Marketing

Year long
This module introduces you to the principles of marketing and provides the opportunity to gain a practical understanding of modern marketing methods. Through the extensive use of case studies, the module examines the history of marketing, consumer behaviour, the nature of the marketplace and the key elements of the marketing mix.

EC30011 - Microeconomic Analysis

Year long
This module provides the foundations for the further study of economics and is analytical in character. The focus is upon the inter-relationship between three fundamental ideas: (a) marginal analysis as the basis of decision making; (b) notions of equilibrium; (c) optimisation subject to constraints. This module will enable you to characterise economic decision-making in a variety of contexts, including those of an inter-temporal nature, and explain the functioning of a variety of market forms using appropriate graphical and quantitative techniques. These include solving systems of equations (as in complete market models), analysing functional forms commonly used in economics, using differentiation (as a method of marginal analysis) and solving constrained optimisation problems (in the context of economic decision making). By the end of the module you will be able to critically assess the policy implications of selected microeconomic models and to identify the role played by the underlying assumptions.

EC30014 - Quantitative Methods for Business

Year long
The aims of this module are to introduce you to a range of basic quantitative techniques used in business situations and to show how these techniques may be applied to aid the decision making process. The module will provide introductions to Probability, Statistical Inference and Management Science. On completion of the module you should be able to apply simpler methods of analysis in this area, interpret the results of such applications and discuss their more general applicability.