Module Details

Module Code: ECON9001
Title: Economics of Global Markets
Long Title: Economics of Global Markets
NFQ Level: Expert
Valid From: Semester 2 - 2023/24 ( January 2024 )
Duration: 1 Semester
Credits: 5
Field of Study: 3140 - Economics
Module Delivered in: 4 programme(s)
Module Description: This module aims to provide students with the tools of analysis necessary to examine the international economy and to explore the key issues that are shaping our global economy.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Analyse the Economic Problem and assess international trade theory and policies.
LO2 Evaluate and interpret macroeconomic concepts for the Irish and international environment.
LO3 Critically appraise exchange rate determination models.
LO4 Evaluate and apply theoretical concepts to the analysis of contemporary economic phenomena.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Introduction to Economics
Economic problem, opportunity cost.
Macroeconomic Indicators
GDP, GNP, inflation, unemployment, balance of payments.
International Trade Theory
Law of Absolute & Comparative Advantage, trade agreements.
Foreign Exchange Market
Exchange rate determination through demand and supply, mitigating against exchange rate risk.
Interpreting and evaluating Economic Data
Evaluating economic analysis presented in academic journal papers and by Economic institutions. Examples chosen may be linked to historical or current national and global events.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Presentation % of Total Mark 70
Timing Week 10 Learning Outcomes 1,2,4
Assessment Description
Critical discussion on the macro-economic performance of an economy with supportive analysis on related policies.
Assessment Type Oral Examination/Interview % of Total Mark 30
Timing Week 13 Learning Outcomes 1,2,3,4
Assessment Description
Provide a follow-up in-depth discussion on the presentation and related findings.
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class based instruction and discussion Every Week 2.00 2
Independent Learning Non Contact Independent reading and research Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class based instruction and discussion Every Week 2.00 2
Independent Learning Non Contact Independent reading and research Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • David Begg, Gianluigi Vernasca, Rudiger Dornbusch, Stanley Fischer. (2020), Economics, 12th Edition. McGraw Hill, [ISBN: 9781526847393].
  • N. Gregory Mankiw, Mark P. Taylor. Economics, 6th Edition. Cengage Learning EMEA, [ISBN: 9781473786981].
Supplementary Book Resources
  • Paul Krugman, Maurice Obstfeld, Marc Melitz. (2022), International Economics: Theory and Policy, Global Edition, 12th Edition. Pearson, [ISBN: 9781292409719].
  • Steven L. Husted, Michael Melvin. (2013), International Economics, Prentice Hall, [ISBN: 9780321783868].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BSTRA_9 Master of Business Administration in Strategy 2 Mandatory
CR_BAVMA_9 Master of Business Administration with Aviation Management 2 Elective
CR_BIBUS_9 Master of Science in International Business 2 Mandatory
CR_BINBU_9 Postgraduate Diploma in Science in International Business 2 Mandatory