This module is an introduction to macroeconomic theory and some its applications
Introduction
Objectives of macroeconomic policy. Methods of measuring economic activity. Relevant statistics for the Irish economy
Macroeconomics
Keynesian and monetarist/supply side views. Aggregate demand/aggregate supply analysis. Expenditure: consumption and savings. The nature and effectiveness of fiscal policy.
Monetary policy. Role of money. Financial Intermediation. Role and functions of a central bank.
Control of Aggregate Demand
Fiscal policy/ Monetary policy and Aggregate Demand.
Inflation and Unemployment - definitions and Causes.
National/ External Debt. Balance of Payments. Exchange Rates, Fluctuating Euro/Dollar/Sterling exchange rate
Current/Topical Issues: Inflationary Trends, Wage Spirals, Current State of the Economy, Growth vs Social Provision
A variety of delivery methods will be used including lectures and tutorials. There will be a mix of formal teaching, class discussion and problem solving scenarios.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |