To build upon the micro and macroeconomic foundations provided in Year 1 Macroeconomics. To provide students with a good understanding of Managerial Economics at the level of the firm and of Economic Policy as it applies to the key sectors of the Irish Economy.
Learning Outcomes
On successful completion of this module the learner will be able to:
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Learning Outcome Description
LO1
Explain and evaluate the fundamental determinants of economic growth across international economies and be able to draw lessons from Ireland’s economic experiences.
LO2
Reflect on and evaluate Macroeconomic Policy at a National level.
LO3
Display a knowledge of the economic policies which have been implemented in Ireland over the past four decades.
Dependencies
Module Recommendations
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
5897
ECON H1704
Economics 1
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
Indicative Content
Economic Growth
• Theories of economic growth
• Irish Economic Growth Performance
• History of Ireland’s economic growth
• 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
The Role of Government
• Rational for Government intervention
• Size of Government
• Economic and political factors
• Public Expenditure
• State-owned Enterprises and Privatisation
Population, Employment and Unemployment
• Demography and Employment
• Level and trend in population
• Components of change
• Age structure
• Population forecasts
• Regional patterns of population change
• Emigration
• Labour force and employment
• Participation rates
• EU comparisons
The Public Finances & Fiscal Policy
• Level and structures of expenditure and taxation
• Borrowing and national debt
• Taxation policy
• Economic impact of expenditure and taxation
Monetary and Exchange Rate Policy
• International Trade
• Balance of Payments and Exchange Rates
• Ireland and EMU
Sectoral Policies in an Open Economy
• Industrial Policy in Ireland – DFI, Indigenous Growth, Sectoral and size pattern of manufacturing
• Determinants of competitiveness
• Impact of EC policies – Regional Policy
Module Content & Assessment
Assessment Breakdown
%
Continuous Assessment
30.00%
End of Module Formal Examination
70.00%
Assessments
Full Time
Continuous Assessment
Assessment Type
Essay
% of Total Mark
30
Timing
n/a
Learning Outcomes
1,2,3
Non-marked
No
Assessment Description Essay on Irish Economic Policy
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 Final Exam
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
Class attendance and participation, group work and class engagement
12 Weeks per Stage
3.00
36
Independent Learning
Non Contact
Understanding key theories and concepts, engagement with extra reading, assessment preparation for final examination
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 and group work
12 Weeks per Stage
1.50
18
Independent Learning
Non Contact
Understanding key theories and concepts, additional reading, assessment preparation, preparation for final exam
15 Weeks per Stage
2.97
44.5
Total Weekly Contact Hours
1.50
Module Resources
Recommended Book Resources
O’Hagan, J. & Newman, C.. (2019), The Economy of Ireland, 13th. Gill and MacMillan, Dublin.
This module does not have any article/paper resources