Accounting	Business	Economics

Economics

Economics affects all our lives. Economics deals with some of the most challenging issues we face as citizens of a country, our lives are affected by the decisions of the government: taxes, inflation etc. Economics is suitable for all students.

Definition: Basically, Economics is the study of the steps of how products are produced, how they are distributed for selling to consumers and how the public responds to the buying of the product. It is about how market price is determined through the means, needs and wants of the consumer and supplier.

Macro Economics – The world as one economy
Micro Economics – Our own local economy (Ireland) – (Celtic Tiger!)

Course Contents

Unit
1. Introduction
2. Demand
3. Supply and Demand
4. Elasticity of Supply
5. Supply Curves
6. Price Discrimination
7. Supply of a Factor of Production
8. Monetary Policy
9. International Trade
10. National Income
11. Inflation