| CODE | ECN1200 | ||||||||||||
| TITLE | Introductory Economics for Work and HR | ||||||||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | 5 | ||||||||||||
| ECTS CREDITS | 4 | ||||||||||||
| DEPARTMENT | Economics | ||||||||||||
| DESCRIPTION | This unit introduces students to economics where various micro and macro economic topics are analysed. The microeconomic topics will cover issues like demand, supply and equilibrium in markets. The theory of the firm is introduced in order to analyse production functions, cost curves and the optimal input mix. Students are given an overview of market structures and the links to monopoly and perfect and imperfect competition. The cases of public goods and externalities will also be introduced in this section. The macroeconomics segment will discuss the circular flow of income,measuring GDP and its components, equilibrium income and supply side economics. Study-unit Aims The aim is to introduce the subject of Economics to the students and cover a broad range of relevant topics which will provide them with a sound grounding in the subject. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - analyse the basic branches of economics (micro and macro) and the prominent topics within them - describe the concept of demand/supply/equilibrium - explain the theory of the firm - recognise market structures - identify public goods and externalities - describe the circular flow of income 2. Skills (including transferable [generic] skills): By the end of the study-unit the student will be able to: - discuss relevant economic topics - link theory with real world examples - demonstrate the ability to condense material covered and present it to fellow classmates - analyse economic events using the tools discussed in class Main Text/s and any supplementary readings Compulsory reading: - Sloman, J. & Wride, A. (2009) Economics. UK : FT Prentice Hall. Supplementary reading : - Lipsey, R. & Chrystal, K.(2007). Economics. UK: Oxford University Press. - Begg, D. Fisher, S. & Dornbusch, R. (2009). Economics. UK: McGraw Hill. |
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| STUDY-UNIT TYPE | Lecture and Independent Study | ||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Mark Caruana |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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