Module Title:Economics 2
Language of Instruction:English
Credits: 10
NFQ Level:6
Module Delivered In 6 programme(s)
Teaching & Learning Strategies: Lectures - communication of knowledge and ideas from the lecturer to the student. Problem Solving Exercises - student will work as part of a team and will work together to resolve various business scenarios. Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills. E-Learning - It is envisaged that the module will be supported with on-line learning materials. Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: 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
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Explain and evaluate Irish economic growth performance both present and past.
LO2 Describe and graph what a Business Cycle is and discuss the reasons for Business Cycles.
LO3 Explain and evaluate the economic policy objectives that can be pursued within the Irish economy.
LO4 Explain the main population and labour market trends in the Irish economy. Explain the causes and remedies for unemployment in an economy.
LO5 Discuss the various policy tool options available to the government and the constraints of being part of a bigger economic union.
LO6 Explain and evaluate policy issues in the market sectors in the context of today's increasingly globalised marketplace.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
Economics 1
 

Module Content & Assessment

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.
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.
POLICY ISSUES IN THE MARKET SECTORS
Manufacturing and Internationally Traded Services: Role and evolution of Industry; Nature and importance of the Manufacturing Sector; Internationally Traded Services; Foreign Direct Investment.
POLICY ISSUES IN THE MARKET SECTORS
The Agri-Food Sector: Agricultural Policy; Food Food Processing and Disribution; Food Policy.
THE OPEN ECONOMY
International Trade, Balance of Payments and Exchange Rates; The EU and the Euro; Globalisation.
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination A class test on the material covered in the first term. 1,2 15.00 Week 10
Essay n/a 3,4 15.00 Week 20
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5,6 70.00 End-of-Semester

ITCarlow reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 3.00
Independent Learning Time Every Week 4.00
Total Hours 7.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 1.50
Total Hours 1.50
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBADM_D Bachelor of Business in Business Administration 2 Elective
CW_BBLAW_B Bachelor of Business (Honours) in Business with Law 2 Elective
CW_BBBBM_B Bachelor of Business(Honours) in Management 2 Elective
CW_BRLMB_B Bachelor of Business(Honours) in Management 2 Elective
CW_BBBUS_C Higher Certificate in Business 2 Elective
CW_BBLAW_C Higher Certificate in Business with Law 2 Elective