Overview:
- Credits:
- 10.0
- Level:
- 2
- Semester:
- Autumn
- Subject:
- Economics
- School:
- Economics
- Coordinator:
- Mr Gavin Cassells
ECON2001D Economic Policy and the Global environment
Academic Year 2022/2023
This module is a course in applied economics. We will use economic analysis to study policies that governments use to intervene in the economy. We will discuss the rationale for government intervention, apply cost-benefit analysis to potential interventions and discuss case studies on recent economic policy in Ireland and internationally. Students will be introduced to more advanced economic theories and learn to combine theory and evidence to analyse both micro- and macro-economic policy questions. These will include questions on unemployment and the labour market; international trade; interest rates; economic growth; fiscal policy; and European Monetary Union.Show/hide contentOpenClose All
Curricular information is subject to change
Learning Outcomes:
On completion of this module you should be able to:
Understand and explain the principal economic policy issues in Ireland.
Critically assess the role of government in the economy.
Evaluate how Ireland’s position as a small open economy within the EU impacts our economic policy.
Discuss how productivity affects economic growth, and discuss economic growth in the Irish context.
Describe the economic causes of unemployment and discuss economic policy responses to the problem.
Discuss the key aims of fiscal policy, explain what comprises an appropriate fiscal stance, and evaluate fiscal policy in Ireland.
Explain why inflation is of such importance to economic policy, and discuss the causes and consequences of inflation for Ireland.
Describe the process of money creation; explain the role of central banks play in monetary policy.
Critically analyse the role of international trade in a small, open economy and the role of foreign direct investment in Ireland.
Discuss & explain the economic case for EMU, the role of the European Central Bank (ECB) in achieving price stability, and the role of closer co-ordination of economic policies including through the Stability and Growth Pact (SGP).
| Student Effort Type | Hours |
|---|---|
| Lectures | 12 |
| Specified Learning Activities | 85 |
| Autonomous Student Learning | 111 |
| Total | 208 |
Requirements, Exclusions and Recommendations
Not applicable to this module.
Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy
| Description | Timing | Component Scale | % of Final Grade | ||
|---|---|---|---|---|---|
| Group Project: Group Assignment | Coursework (End of Trimester) | n/a | Graded | No | 50 |
| Examination: exam | 2 hour End of Trimester Exam | No | Graded | No | 50 |
Carry forward of passed components
No
No
| Resit In | Terminal Exam |
|---|---|
| Spring | Yes - 2 Hour |
Feedback Strategy/Strategies
• Group/class feedback, post-assessment
How will my Feedback be Delivered?
General feedback is provided to students on all their submitted assessment components.
O'Hagan, John and Francis O’Toole (eds): The Economy of Ireland: Policy-Making in a Global Context, 13th edition, Palgrave, 2017 ISBN 9781137611079
AND
Economics, 5th Edition, N. Gregory Mankiw, Mark P. Taylor, 2020. ISBN 9781473768543
AND
Economics, 5th Edition, N. Gregory Mankiw, Mark P. Taylor, 2020. ISBN 9781473768543
| Name | Role |
|---|---|
| Mr Gavin Cassells | Lecturer / Co-Lecturer |
| Dr Katherine Collins | Lecturer / Co-Lecturer |
| Mr Gerard Dooley | Lecturer / Co-Lecturer |
| Ms Ciara Finlay | Lecturer / Co-Lecturer |
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