Module Details

Module Code: ECON C3702
Module Title: Agricultural Macro Economics
Title: Agricultural Macro Economics
Module Level:: 7
Credits:: 5
Module Coordinator: Stephen Whelan
Module Author:: Alison Hearne
Domains:  
Module Description: The aims of this module are to familiarise learners with the principles of macro-economics that relate to the farming and agricultural sector and to provide learners with an in-depth understanding of the role that economics play in the macro and micro agri-sector, both domestically and globally. Its further aim is to equip learners with the tools to critically evaluate key economic policy decisions taken at national and international level.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate a knowledge of the principles of macro-economics and its applications to agricultural problems;
LO2 Apply the principles of economics to the Macro agricultural sector;
LO3 Evaluate and critically analyse national and global economic policies in relation to the farming sector;
LO4 Interpret the impact of economic policies on the agricultural sector.
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
• Macro-economic analysis of the global farming and food industries. • History of Farming In Ireland; Importance of Farming and the Agri-Sector to the Irish Economy; • The Food Industry; Export Sector;
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 • IS/LM model.
Money, Banking, Interest Rates and Monetary Policy
• Role of money in the economy • Functions of money • Credit creation • Central bank/interest rates
The Open Economy and International Trade
• Theories of International Trade • Balance of payments deficit and surplus • Exchange rates • European Integration and the Eurozone • International Trade and Agricultural Policy – WTO issues;
Current Macro Economic Issues
• Inflation • Unemployment • The Irish Economy • Economic Growth
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Essay % of Total Mark 30
Timing n/a Learning Outcomes 2,3,4
Non-marked No
Assessment Description
Essay
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4
Non-marked No
Assessment Description
Terminal Examination
Reassessment Requirement
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.
Reassessment Description
Re-assessment will be based on repeat coursework. This is at the discretion of the exam board contingent on the nature of the failed submission. The student the student may have to complete a number of components of the project or it may be requested to repeat and attend the module.

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 and group participation 12 Weeks per Stage 3.00 36
Independent Learning Non Contact Following up and understanding class lectures. Supplementary readings. Preparation for assessments and final exam. 12 Weeks per Stage 3.00 36
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Bartley, A. Barkley, P. W.. (2020), Principles of Agricultural Economics, 3rd. Routledge, London, [ISBN: 9780136724864].
This module does not have any article/paper resources
Other Resources
Discussion Note: