EC2802: Markets and Governments: An Introduction to Macroeconomics

Credit Weighting: 5
No. of Students: Min 20, Max 40.
Pre-requisite(s): None
Co-requisite(s): None
Teaching Period(s): Semesters 1 or 2 or 3. (semester details for this module will be confirmed at the start of the programme).
Teaching Methods: 7 x 3hr(s) Lectures; 1 x 3hr(s) Tutorials; 76hr(s) Other (self-directed learning)
Module Co-ordinator: Dr Séamus O Tuama, Centre for Adult Continuing Education.
Lecturer(s): Staff, Department of Economics, as appropriate; Staff, Centre for Adult Continuing Education.
Module Objective: The basic principles of macroeconomic analysis are introduced, with particular reference to their use in understanding social issues.
Module Content: The module covers the nature and rationale of government and the role and methods it uses to achieve social goals and public policy objectives. This involves analysing macroeconomic issues such as national income and expenditure accounts, understanding governmental budgetary policies, the drivers of inflation, unemployment measures, the impact of international trade and globalisation, and the role and contribution of banking to the economy.
Learning Outcome: On successful completion of this module, students should be able to:
  • Calculate and outline statistical measures of macroeconomic activity in Ireland.
  • Explain how government fiscal and monetary policies may affect the level of macroeconomic activity, national income, and well-being of a country.
  • Describe why macroeconomic activity varies over time in a country, and how it affects employment, inflation and international trade.
  • Discuss the different types and measurements of unemployment and inflation.
  • Analyse the role of international trade ona country's economic growth.
  • Explain the underlying concepts of banking and finance and how the modern banking environment contributed to the recent Irish recession.
Assessment: Total Marks 100: Continuous Assessment 100 marks (In-class test, 50 marks; 1 x 1,000 word written assignment, 50 marks).
Compulsory Elements: Continuous Assessment.
Penalties (for late submission of course/project work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.
Pass Standard and any Special Requirements for Passing Module: 40%.
End of Year Written Examination Profile: No Formal Written Examination.
Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (as prescribed by the module coordinator).

University College Cork

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