Module Details

Module Code: ECON B8Z03
Full Title: Macroeconomics
Valid From:: Semester 1 - 2019/20 ( June 2019 )
Language of Instruction: 
Duration: 1 Semester
Credits:: 5
Module Owner:: Alan Kelly
Departments: Unknown
Module Description: The aim of this module is to provide an understanding of how the economic system functions as a whole. The module aims to provide an understanding of the Irish economy, government policy and its place in the global context. It also aims to provide an understanding of sustainable economic development and the efficient mix of regulation and markets necessary to achieve this goal. It will also show through theory and practical example how resources are channelled into different productive uses in an economy and whether or not these uses are sustainable
 
Module Learning Outcome
On successful completion of this module the learner will be able to:
# Module Learning Outcome Description
MLO1 Describe and evaluate crucial elements of of macroeconomic theory
MLO2 Critically examine the objectives of macroeconomic policy and evaluate current macroeconomic policies.
MLO3 Demonstrate an understanding of the economic models of market intervention and the role of government intervention in an economy
MLO4 Analyse economic data
MLO5 To analyse how resources are allocated in an economy to generate sustainable economic growth
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named DkIT 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
 
Module Indicative Content
National Income Accounting
Methods and results and role in managing the economy
The Keynesian revolution
Analysis of theory including quantitative method and evaluation of practice in a comparative context
Money and Banking
The role of money in an economy. How fractional reserve banking affects economic activity and the role of central banks
Inflation
Its measurement and impact. Its causes and how to alievate them. How prevalent each is in Ireland's case now and future proofing
Unemployment
Its measurement and performance in Irelands case. Causes and methods of alleviation.
Module Assessment
Assessment Breakdown%
Course Work30.00%
Final Examination70.00%
Module Special Regulation
 

Assessments

Full-time

Course Work
Assessment Type Class Test % of Total Mark 30
Marks Out Of 0 Pass Mark 0
Timing S2 Week 25 Learning Outcome 1,2,3,4,5
Duration in minutes 60
Assessment Description
Continuous assessment will be through assignments or class tests to which will examine the students comprehension of the material presented in lecture and their ability to to analyse economic theory and data.
No Project
No Practical
Final Examination
Assessment Type Formal Exam % of Total Mark 70
Marks Out Of 0 Pass Mark 0
Timing End-of-Semester Learning Outcome 1,2,3,4,5
Duration in minutes 120
Assessment Description
Six questions. All equal marks. Students can answer any 4. Questions are a mix of calculation with explanation and\or diagram with explanation
Reassessment Requirement
A 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.

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

 

Module Workload

Workload: Full-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Directed Reading Non Contact No Description Every Week 3.00 3
Independent Study Non Contact No Description Every Week 3.00 3
Lecture Contact No Description Every Week 3.00 3
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
Workload: Part-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 2.00 2
Directed Reading Non Contact No Description Every Week 4.00 4
Independent Study Non Contact No Description Every Week 3.00 3
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Gerard Turley and Maureen Maloney. (2011), Principles of Economics, 4th. 1-19, Gill and MacMillan, Dublin, [ISBN: 9780717149889].
Supplementary Book Resources
  • A Leddin and B Walsh. The Macroeconomy of Ireland, Gill and MacMillan.
This module does not have any article/paper resources
Other Resources