Module Title:Macroeconomy of Ireland
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 12 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 both nationally and internationally.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Interpret Ireland’s macroeconomic issues both past and present.
LO2 Understand the determinants of aggregate economic activity and the role of government macroeconomic policy in stabilising the economy.
LO3 Develop analytical skills through the application of macroeconomic theory to macroeconomic problems.
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.
No requirements listed
 

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. Social Enterprise and Economic Growth.
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.
THE OPEN ECONOMY
International Trade, Balance of Payments and Exchange Rates; The EU and the Euro; Globalisation.
Assessment Breakdown%
Continuous Assessment100.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Essay Academic Essay 1 40.00 Week 6
Project Project in relation to the Macroeconomy of Ireland 2,3 60.00 Week 11
No Project
No Practical
No End of Module Formal Examination

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 6.00
Total Hours 9.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 1.50
Independent Learning Every Week 7.50
Total Hours 9.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBACF_B Bachelor of Business (Honours) in Accounting and Finance 4 Mandatory
CW_BBLAW_B Bachelor of Business (Honours) in Business with Law 4 Elective
CW_BBHRM_B Bachelor of Business (Honours) in Human Resource Management 4 Mandatory
CW_BBBBM_B Bachelor of Business (Honours) in Management 4 Mandatory
CW_HHMKT_B Bachelor of Business (Honours) in Marketing 4 Mandatory
CW_BBSCM_B Bachelor of Business (Honours) in Supply Chain Management 4 Mandatory
CW_BBHRM_D Bachelor of Business in Human Resource Management 4 Mandatory
CW_BBINB_D Bachelor of Business in International Business incorporating Double Degree 4 Mandatory
CW_BPMKT_D Bachelor of Business in Marketing 4 Mandatory
CW_BBSCM_D Bachelor of Business in Supply Chain Management 4 Mandatory
CW_BBBUS_C Higher Certificate in Business 4 Mandatory
CW_BBLAW_C Higher Certificate in Business with Law 4 Elective