Module Title:Macroeconomics
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 3 programme(s)
Teaching & Learning Strategies: Lecture based teaching, and group discussion on relevant macroeconomic issues Focus on class interaction and discussion through the use of current/relevant examples from media sources. Use of CATs (Classroom Assessment Techniques) to support formative learning (examples include class debates, quizzes etc.) Use of multi-media – analysis of relevant documentaries, Government discussion etc.
Module Aim: To introduce students to the fundamental concepts of macroeconomics
Learning Outcomes
On successful completion of this module the learner should be able to:
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.
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
Introduction
• An introduction to macroeconomic objectives and policies • The role of the Government and macroeconomics • Rational Choices, Positive and normative statements
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
Money, Banking, Interest Rates and Monetary Policy
• Role of money in the economy • Functions of money • Credit creation process • Central bank • interest rates
The Open Economy and International Trade
• Balance of payments deficit and surplus • Exchange rates • The Euro • International Trade
Current Macro Economic Issues/Themes
• Inflation • Unemployment •
The Irish Economy
Current trends in the Economy Understanding economic data
Fiscal Policy
Taxation policy The Canons of Taxation Direct and Indirect Taxation Progressive and Regressive Taxation
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Written Report Economic Analysis 1,2,3 30.00 n/a
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 70.00 End-of-Semester

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 3.00
Independent Learning 15 Weeks per Stage 5.93
Total Hours 125.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 1.50
Independent Learning 15 Weeks per Stage 2.97
Total Hours 62.50
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BWBUS_B Bachelor of Business (Honours) Options: in Business or Digital Marketing 2 Mandatory
CW_BWBUS_D Bachelor of Business Options: Business or Digital Marketing 2 Mandatory
CW_BWBUS_C Higher Certificate in Business 2 Mandatory