Economics

Introduction to Economics for Accountants

Module code: L1001
Level 4
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Coursework, Take away paper

This module provides an introduction to the fundamental principles of economics. The first half of the module deals with micro-economic issues including the behaviour of individuals and firms, their interaction in markets and the role of government. The second half of the module is devoted to macroeconomics and examines the determinants of aggregate economic variables, such as national income, inflation, the balance of payments, and the relationships between them.

Module learning outcomes

• Demonstrate knowledge of the core principles of economics.
• Use the power of abstraction to focus upon the essential features of an economic problem and to provide a framework for the evaluation of the effects of policy or other exogenous events.
• Demonstrate an understanding of appropriate concepts in economics that may be of wider use in a decision-making context (e.g. opportunity cost, marginal cost, economies of scale).
• Communicate economic ideas, concepts and information using means of communication appropriate to the audience and the problem at issue.