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: Paul Hanly
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 Demonstrate a fundamental knowledge of the main macroeconomic indicators and how these impact on individuals
LO2 Present the components of the main economic accounts and indicators graphically
LO3 Describe the origins of macroeconomics and the issues it tackles
LO4 Apply the skills of economic thinking to analyse contemporary issues and assess economic arguments presented in the public media
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 to the macro-economy
• Origins and issues of macroeconomics • A history of capitalism and socialism • Contemporary macroeconomic policy challenges
• Measuring a Nations’ Income
• The circular flow • Measuring Gross Domestic Product: Uses and limitations • The business cycle • GDP and economic well-being • Economic growth and Inequality
• Unemployment and Inflation
• Defining and measuring unemployment • Issues in Unemployment: minimum wage laws, unions and collective bargaining and efficiency wages • Measuring prices: Inflation and deflation
• Money and Banking
• The financial system • Savings and Investment • The meaning of money • How banks create money • The role of central banks and the ECB
• Short-run Economic Fluctuations
• The multiplier: consumption function and the role of confidence • Aggregate Demand • Aggregate Supply • Short-run and long-run macroeconomic equilibrium • The AS-AD model and macroeconomic management
• Fiscal and monetary policy and supply-side stabilisation
• Fiscal policy and the Keynesian multiplier • The Government budget • Central banks and monetary policy • Central bank independence • Confidence and Central banking • Money illusion • Supply-side policies
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
Non-Marked: No
Assessment Description:
Continuous assessment will comprise a combination of assessment strategies. On-line multiple choice tests will be provided during the semester, in addition to a group-based empirical project which will involve in class presentation of results.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 50
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination The end of semester examination paper will be two hours long with Learners required to answer a combination of short questions and a case study. All material on the syllabus, which has been covered in lectures, seminars and tutorials, is assessable.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

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
Seminars No Description 1 Every Week 1.00
Total Weekly Contact Hours 3.00
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
  • Mankiw N.G., and Taylor P.T.. (2014), Economics, 3rd. Cengage.
Supplementary Book Resources
  • Mankiw N.G., Taylor P.T.. (2013), Business Economics, 1st ed.. Cengage.
  • Krugman P. and Wells R.. (2012), Economics, 3rd ed.. Macmillan.
  • Parkin M., Powell M., and Matthews K.. (2014), Economics, 9th ed.. Pearson.
  • McDowell M., Thom R., Frank R., and Bernanke B.. (2012), Principles of Economics, 3rd ed.. McGraw Hill.
  • Leddin A. J and Walsh B.. (2013), Macroeconomics – An Irish and European Perspective, 3rd ed.. Gill and Macmillan.
  • Akerlof, G., A., and Schiller, R., J.. (2009), Animal Spirits, 1st ed.. Princeton University Press.
This module does not have any article/paper resources
Other Resources
  • [Media], http://www.irishtimes.com/business.
  • [Media], http://www.independent.ie/business/.
  • [Media], www.ft.com.
  • [Media], www.economist.com.
  • [Institution/ Think tank], www.esri.ie.
  • [Institution/ Think tank], www.cso.ie.
  • [Institution/ Think tank], http://www.imf.org/external/pubs/ft/fand d/fda.htm.
  • [Institution/ Think tank], www.imf.org.
  • [Institution/ Think tank], www.ecb.int.
  • [Institution/ Think tank], http://www.forfas.ie/publication/search. jsp.
  • [On-line learning/videos], http://cws.cengage.co.uk/mankiw_taylor2/ students/stu_mcqs.htm.
  • [On-line learning/videos], http://pearsonblog.campaignserver.co.uk/ ?cat=315.
  • [On-line learning/videos], http://core-econ.org/.
  • [On-line learning/videos], https://www.ted.com/topics/economics.
  • [On-line learning/videos], http://www.lse.ac.uk/publicEvents/events Home.aspx.
  • [On-line learning/videos], http://ineteconomics.org/.
  • [Blogs], www.irisheconomy.ie.
  • [Blogs], http://economicspsychologypolicy.blogspo t.co.uk/.
  • [Blogs], http://trueeconomics.blogspot.ie/.
  • [Blogs], http://www.progressive-economy.ie/.
  • [Blogs], http://karlwhelan.com/blog/?page_id=22.
  • [Blogs], http://freakonomics.com/.
  • [Blogs], http://gregmankiw.blogspot.ie/.
  • [Blogs], http://krugman.blogs.nytimes.com.
  • [Blogs], http://marginalrevolution.com/.
  • [Blogs], http://www.becker-posner-blog.com/.
Discussion Note: