Module Code: H6MACRO
Long Title Macroeconomics
Title Macroeconomics
Module Level: LEVEL 6
EQF Level: 5
EHEA Level: Short Cycle
Credits: 5
Module Coordinator: JIMMY HILL
Module Author: JIMMY HILL
Departments:  
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 LO 1. Demonstrate a fundamental knowledge of the basic concepts, measures and models used in macroeconomics
LO2 LO 2. Translate phenomena and/or issues that are described in daily language into the language of economic modelling
LO3 LO 3. Graphically apply economic models to analyse hypothetical and/or real-world situations that occur in our economy
LO4 LO 4. Interpret the implications of macroeconomic policies on the economy
LO5 LO 5. Demonstrate initial critical thinking skills with regard to macroeconomic policy decisions
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Introduction
Origins and issues of macroeconomics Macroeconomic policy challenges and tools
Measuring the Macroeconomy
Gross Domestic Product and its measurements Measuring economic growth Uses and limitations of real GDP Unemployment and full employment Price indexes and the aggregate price level The inflation rate
Short-run Economic Fluctuations
Aggregate Supply Aggregate Demand Short-run macroeconomic equilibrium Long-run macroeconomic equilibrium The AS-AD model to explain the business-cycle Fiscal policy Keynesian vs. classical economic schools of thought
Money, Banks and the Interest Rate
The meaning of money Financial intermediaries How banks create money Money supply, money demand and interest rate determination
Monetary Policy
Central banking Influencing the supply of money Expansionary and contractionary monetary policy
The Open Economy
Capital flows and the balance of payments The role of the exchange rate Exchange rate policy
Teaching methodology
This module will be taught using a combination of lectures and tutorials throughout the semester.
Assessment Breakdown%
Coursework50.00%
End of Module Assessment50.00%

Assessments

Full Time

Coursework
Assessment Type: Assignment % of total: 50
Assessment Date: n/a Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
Assessment
End of Module Assessment
Assessment Type: Terminal Exam % of total: 50
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 1 Every Week 1.00
Tutorial No Description 1 Every Week 1.00
Total Weekly Contact Hours 2.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 1 Every Week 1.00
Total Weekly Contact Hours 1.00
 

Module Resources

Recommended Book Resources
  • Krugman P., Wells R., and Graddy K., Economics, European Edition, Worth Publishers, 2008.
Supplementary Book Resources
  • McDowell M., Thom R., Frank R., and Bernanke B., Principles of Economics, 2nd European ed., McGraw Hill, 2009.
  • Parkin M., Powell M., and Matthews K., Economics, 7th European ed., Addison Wesley, 2008.
  • Mankiw N.G., and Taylor P.T., Economics, Thomson Learning, 2006.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: