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 Assessment
30.00%
End of Module Formal Examination
70.00%
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