Module: Introduction to Macroeconomics

Module Specifications.

Current Academic Year 2024 - 2025

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Date posted: September 2024

Module Title	Introduction to Macroeconomics
Module Code	EF117 (ITS) / ECO1005 (Banner)
Faculty	DCU Business School	School	DCU Business School
Module Co-ordinator	Mohsin Javed
Module Teachers	Majella Brereton
NFQ level	6	Credit Rating	5
Pre-requisite	Not Available
Co-requisite	Not Available
Compatibles	Not Available
Incompatibles	Not Available

Repeat examination

Description

The purpose of this module is to introduce students to macroeconomic economic theory and policy. Economic concepts and models will be evaluated as explanations of the workings and outcomes of the macroeconomy. In turn, the conclusions from this analysis will point to macroeconomic policy proposals (and their evaluation). This module is delivered through a combination of lectures and tutorials and supported by sets of on-line activities.

Learning Outcomes

1. LO1 define key concepts used in macroeconomics
2. LO2 present elementary models and theories describing economic processes in a market economy
3. LO3 apply these economic concepts and theories to analyse numerical data and real world situations
4. LO4 discuss and and assess the role of the government and central bank in the economy.

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Total Workload: 0

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Macroeconomic Objectives and Policies
Introduction to macroeconomics; relationship to microeconomics; introduction of main variables of focus; recent macroeconomic history; macroeconomic debates; measuring national income; short term growth and the business cycle; long run growth and its determinants

Macroeconomic Theory
Circular Flow Model; Aggregate demand and supply; the multiplier effect; Keynesian analysis of unemployment and inflation; rational expectations and the New Classical alternative

Role of Money in the Economy
Role and function of money; demand for money; supply of money and the operations of the Central Bank; the financial sector and its relationship to monetary policy

The Open Economy
Balance of Payments; Current Account, trade, and globalisation; Capital Account and international investment; nominal and real exchange rates; exchange rate regimes; monetary policy in a monetary union

Assessment Breakdown
Continuous Assessment	40%	Examination Weight	60%

Type	Description	% of total	Assessment Date
Course Work Breakdown
Assignment	Students will complete reflections on each section of the module	10%	n/a
Project	Students will complete projects related to the course material	30%	n/a

Reassessment Requirement Type
Resit arrangements are explained by the following categories: Resit category 1: A resit is available for both* components of the module. Resit category 2: No resit is available for a 100% continuous assessment module. Resit category 3: No resit is available for the continuous assessment component where there is a continuous assessment and examination element.
* ‘Both’ is used in the context of the module having a Continuous Assessment/Examination split; where the module is 100% continuous assessment, there will also be a resit of the assessment
This module is category 1

Indicative Reading List

Other Resources

None