Module Details

Module Code: ECON C1702
Module Title: Macroeconomics
Title: Macroeconomics
Module Level:: 6
Credits:: 5
Module Coordinator: Janette Davies
Module Author:: Alison Hearne
Domains:  
Module Description: To introduce students to the fundamental concepts of macroeconomics
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Explain fundamental macroeconomic concepts
LO2 Apply the principles of economic theories to real-life business scenarios
LO3 Describe and explain Government policy in relation to macro-economic issues.
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
Introduction
• An introduction to macroeconomic objectives and policies • The role of the Government and macroeconomics • Rational Choices, Positive and normative statements
Measuring the Macro-economy and the Determination of National Income
• Circular flow • three methods of measuring economic activity • national accounts • limitations of GDP, model for determination of National Income • The IS/LM model
Money, Banking, Interest Rates and Monetary Policy
• Role of money in the economy • Functions of money • Credit creation process • Central bank • interest rates
The Open Economy and International Trade
• Balance of payments deficit and surplus • Exchange rates • The Euro • International Trade
Current Macro Economic Issues/Themes
• Inflation • Unemployment •
The Irish Economy
Current trends in the Economy Understanding economic data
Fiscal Policy
Taxation policy The Canons of Taxation Direct and Indirect Taxation Progressive and Regressive Taxation
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Written Report % of Total Mark 30
Timing n/a Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Economic Analysis
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3
Non-marked No
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.

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 Attendance at lectures, class participation, in-class group work 12 Weeks per Stage 3.00 36
Independent Learning Non Contact Understanding key concepts and theories, supplementary reading, assessment and exam preparation 15 Weeks per Stage 5.93 89
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 Attendance at lectures, class participation, in-class group work 12 Weeks per Stage 1.50 18
Independent Learning Non Contact Understanding key concepts and theories, supplementary reading, assessment and exam preparation 15 Weeks per Stage 2.97 44.5
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • David Begg,Gianluigi Vernasca,Rudiger Dornbusch,Stanley Fischer. (2020), Economics, 12th. McGraw Hill, London, [ISBN: 9781526847393].
Recommended Article/Paper Resources
  • Business & Finance, Magazine.. Business & Finance, Magazine..
  • Irish Banking Review, Magazine..
  • ESRI Reports..
  • Central Bank Reports..
  • The Economist.
  • The Irish Times.
Other Resources
Discussion Note: