Course Details
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Brief Description
This course qualifies for 50% funding under the HCI Micro-Credential Course Learner Subsidy. Check fees section for details and eligibility. Please Note: Applicants may only apply for and receive, one subsidised course per semester.
Please ensure you enter the Module Code above when applying for this module. Applications without this cannot be processed. You may apply for more than one module under the same application.
|
Module Description |
Module Code |
NFQ Level |
ECTS Credits |
Start Date |
Fee |
|
Decision Making with Scarce Resources |
EC5003 |
9 |
9 |
TBC |
€800 |
This micro-credential represents a single module within a larger further award (eg. Certificate, Diploma, Masters). By taking this micro-credential you may be eligible to apply for a credit exemption should you progress to study for a further award.
The programme associated with this MicroCred is:
This programme explores fundamental concepts and analytical approaches in microeconomics. A focus on real life problems concerning the allocation of scarce resources. Incorporates recent developments in microeconomics in areas such as game theory, behavioural economics, and the economics of information.
Learning Outcomes
1. Analyse economic problems through the mastery of key economic concepts such as opportunity costs.
2. Manipulate fundamental economic constructs (e.g. demand & supply diagrams) to show how market equilibrium prices and quantities are determined and change.
3. Solve fundamental mathematical problems involving economic variables (e.g. relating to demand and supply; elasticity).
4. Analyse how cost and revenue affect firms' price and output decisions under different market structures.
5. Predict the outcomes of strategic games conditional on the rules of the game, the information available to players, and other factors.
6. Demonstrate an appreciation of how recent insights (such as behavioural economics) contradict the underlying assumptions and predictions of neo-classical economic theory.
7. Demonstrate an understanding of how to evaluate decision making when faced with constrained resources from both positive (what is) and normative (what ought to be) perspectives.
Assessment
Continuous assessment (contribution to discussion board, essays) and online timed-quiz.
Weekly Time Commitment
3 hours
Designed for people who want to study economics at postgraduate level, but do not have a strong background in the topic. The module is suitable for professionals who want to upskill in economics, and who already hold an honours degree or equivalent in a non-economic discipline. It will also benefit those who want to build up credits to seek a master’s degree in economics. Applications with a lower result or a Level 7 qualification will be considered on a case-by-case basis.
Entry requirements are established to ensure the learner can engage with the course material and assessments, at a level suitable to their needs, and the academic requirements of the module. By applying to this micro-credential, you are confirming that you have reviewed and understand any such requirements, and that you meet the eligibility criteria for admission.
Successful completion of this module does not automatically qualify you for entry into a further award. All programme applicants must meet the entry requirements listed if applying for a further award.
€800 for EU and Non EU students
HCI Micro-Credential Course Learner Subsidy - Candidates who satisfy the eligibility criteria can qualify for 50% funding subject to the availability of places. To clarify eligibility please go to Eligibility Criteria