Module Details

Module Code: ECON C2310
Module Title: Macroeconomy of Ireland
Title: Macroeconomy of Ireland
Module Level:: 6
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Dominic Burke
Domains:  
Module Description: This module aims to provide students with a good understanding of macroeconomic analysis helping them to think critically and coherently about today’s macroeconomic agenda and its implications for the business environment. This module is designed to develop students’ knowledge and understanding of the economic environment within which Irish businesses operate both nationally and internationally.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Interpret Ireland’s macroeconomic issues both past and present.
LO2 Understand the determinants of aggregate economic activity and the role of government macroeconomic policy in stabilising the economy.
LO3 Develop analytical skills through the application of macroeconomic theory to macroeconomic problems.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
ECONOMIC GROWTH
Theories of economic growth; Measurement of economic growth; Economic development of the Irish Economy; Lessons from the Irish Experience; Economic Policies to promote growth; Globalisation and World Economic Growth; Trends in World Economic Growth: Convergence and Divergence between Rich and Poor countries. Social Enterprise and Economic Growth.
BUSINESS CYCLES
Theory behind a Business Cycle; Graphical analysis of Business Cycle; Causes of the different phases of a Business Cycle.
ROLE OF STATE: UNDERSTANDING IRISH ECONOMIC POLICY OBJECTIVES
Promoting Economic Growth; Full – employment; Equity and income distribution; Price stability; Competitiveness; Balance of Payment Equilibrium; Regional Balance.
POPULATION STUDIES
Irish Population Structure; Factors influencing the size of a Population; The Birth Rate and Death Rate Statistics; Age Structure of the Irish Population; Density of Population; Emigration (causes & effects); Optimum Population for an economy.
THE LABOUR MARKET
The economic problem of unemployment; Population expansion and unemployment; Fluctuations in employment; Causes of unemployment; Remedies for unemployment. Long-term unemployment.
POLICY TOOLS FOR THE IRISH ECONOMY
Principles of taxation; Structure of Irish tax system; The Irish Budget and Public Finances.
COMPETITION AND REGULATORY POLICY
Theory of Regulation; Competition Policy; Market structures and Competition Policy; Regulation of Irish Natural Monopolies; State-owned enterprises and Privatisation; Political Economy: Competition Policy Cases; Competition & The Services Sector; Other Market Regulations.
THE OPEN ECONOMY
International Trade, Balance of Payments and Exchange Rates; The EU and the Euro; Globalisation.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment100.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Essay % of Total Mark 40
Timing Week 6 Learning Outcomes 1
Non-marked No
Assessment Description
Academic Essay
Assessment Type Project % of Total Mark 60
Timing Week 11 Learning Outcomes 2,3
Non-marked No
Assessment Description
Project in relation to the Macroeconomy of Ireland
No Project
No Practical
No End of Module Formal Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture based instruction Every Week 3.00 3
Independent Learning Time Non Contact No Description Every Week 6.00 6
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 1.50 1.5
Independent Learning Non Contact No Description Every Week 7.50 7.5
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • O’Hagan, J. Francis O'Toole. (2017), The Economy of Ireland Policy-Making in a Global Context, 13th Ed.. Macmillan International Higher Education.
  • Mankiw, N. Gregory. (2019), Macroeconomics, 10th Ed.. Worth.
Supplementary Book Resources
  • Colander, D.. (2020), Macroeconomics., 11th Ed. McGraw Hill.
  • Blanchard, O. and Johnson,D.,. (2013), Macroeconomics., 6th. Prentice Hall.
  • Leddin, A. and Walsh, B.. (2013), Macroeconomics: An Irish and European Perspective., 6th. Gill and Macmillan..
  • Frank, R. Bernanke, B. Antonovics K. Heffetz O.. (2019), Principles of Macroeconomics., 7th Ed.. McGraw Hill.
Recommended Article/Paper Resources
  • The Irish Times.
  • The Economist.
Other Resources
  • www.imf.org.
  • www.wto.org.
  • www.esri.ie.
  • www.idaireland.ie.
Discussion Note: