Module Details
Module Code: |
ECON C1702 |
Module Title:
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Macroeconomics
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Title:
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Macroeconomics
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Module Level:: |
6 |
Module Coordinator: |
Janette Davies
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Module Author:: |
Alison Hearne
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Module Description: |
To introduce students to the fundamental concepts of macroeconomics
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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.
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Additional Requisite Information
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No Co Requisites listed
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Indicative Content |
Introduction
• An introduction to macroeconomic objectives and policies
• The role of the Government and macroeconomics
• Rational Choices, Positive and normative statements
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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
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Money, Banking, Interest Rates and Monetary Policy
• Role of money in the economy • Functions of money • Credit creation process • Central bank • interest rates
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The Open Economy and International Trade
• Balance of payments deficit and surplus •
Exchange rates • The Euro • International Trade
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Current Macro Economic Issues/Themes
• Inflation • Unemployment •
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The Irish Economy
Current trends in the Economy
Understanding economic data
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Fiscal Policy
Taxation policy
The Canons of Taxation
Direct and Indirect Taxation
Progressive and Regressive Taxation
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Module Content & Assessment
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Assessment Breakdown | % |
Continuous Assessment | 30.00% |
End of Module Formal Examination | 70.00% |
AssessmentsFull Time
End of Module Formal Examination |
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Reassessment Requirement |
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.
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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
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Recommended Book Resources |
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David Begg,Gianluigi Vernasca,Rudiger Dornbusch,Stanley Fischer. (2020), Economics, 12th. McGraw Hill, London, [ISBN: 9781526847393].
| Recommended Article/Paper Resources |
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Business & Finance, Magazine.. Business & Finance, Magazine..
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Irish Banking Review, Magazine..
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ESRI Reports..
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Central Bank Reports..
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The Economist.
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The Irish Times.
| Other Resources |
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Irish Exporter’s Association,
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Transparency International,
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Enterprise Ireland,
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Industrial Development Authority,
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Organisation for Economic Co-operation
and Devlopment,
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World Trade Organisation,
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World Bank,
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The Economist,
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ESRI,
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