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Module Specifications

Archived Version 2015 - 2016

Module Title Macroeconomic Policy
Module Code EF302
School DCUBS

Online Module Resources

Module Co-ordinatorDr Siobhain McGovernOffice NumberQ128
NFQ level 8 Credit Rating 5
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None
Description

This module enables students to analyse and evaluate macroeconomic concepts, theories, and policymaking in real life contexts through the use of case studies.

Learning Outcomes

1. describe macroeconomic variables such as GDP growth, inflation, unemployment and public debt
2. analyse the transmissions mechanisms that impact upon these variables in high, middle and low income countries
3. summarise key macroeconomic theories that lie behind these transmission mechanisms
4. assess the circumstances in which theoretical outcomes are unlikely to prevail in practice
5. use these theories to analyse and critique macroeconomic policymaking in low, middle and high income countries



Workload Full-time hours per semester
Type Hours Description
Independent Study60Reading and Synthesizing lecture materials
Lecture24Formal Lectures
Directed learning41Preparation for, and completion of, continuous assessment
Total Workload: 125

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

Some Revision
an overview of key macroeconomic concepts

Aggregate Demand and Supply
A discussion of the main tools of analysis in macroeconomic policymaking

The Market for Goods
Using aggregate demand and supply to analyse the market for goods and services; the role of fiscal policy in influencing aggregate demand and supply; the limitations of fiscal policy

The Market for Money
demand for money; money supply and the role of the Central Bank; monetary policy in high, middle and low income countries

The Labour Market
using demand and supply to analyse the operations of the labour market; labour market structures and regulations; the non-accelerating inflation rate of unemployment; policies to influence the actual and natural unemployment rates

Public Debt
analysing the determinants of the debt to GDP ratio and the budget deficit; alternative measures of public debt; the concept of the automatic stabiliser; controlling public debt in high, middle and low income countries

Assessment Breakdown
Continuous Assessment100% Examination Weight0%
Course Work Breakdown
TypeDescription% of totalAssessment Date
Reassessment Requirement
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
Unavailable
Indicative Reading List

    Other Resources

    15721, Supplement to Lecture Notes, 0, Moodle Notes, 15722, International Monetary Fund, 0, Article IV publications, 15723, The World Bank, 0, various documents,
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