Registry
Module Specifications
Archived Version 2015 - 2016
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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. | |||||||||||||||||||||||||||||||||||||
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Learning Outcomes 1. define key concepts used in macroeconomics 2. present elementary models and theories describing economic processes in a market economy 3. apply these economic concepts and theories to analyse numerical data and real world situations 4. discuss and and assess the role of the government and central bank in the economy. | |||||||||||||||||||||||||||||||||||||
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 |
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Indicative Content and
Learning Activities Macroeconomic objectives and policiesThis section provides a broad introduction to the context of macroeconomic policy: a simple model of the national economy is presented and differing views as to its operation are explored and the policy trade-offs that follow.National income accounting & determinationA formal model of the determination of national income in the short run is derived. Using this model, the measurement of national income and welfare is assessed, followed by an in-depth examination of the implications for the management of the national economy of this model.Role of money in the economyThe role and functions of money, credit creation, and the central bank in the money supply process are examined. In turn, the role of money and monetary policy in the determination of national income are assessed.Unemployment and inflationThe topics of inflation and unemployment in modern economies are examined. In particular the policy dilemma in targeting one or other of these problems is explored.The open economyIn this section, the performance of the macroeconomy and the influences of the international economy is assessed. What are the impacts of international trade and exchange rate regimes on economic performance?Macroeconomic schools of thoughtCompeting macroeconomic schools of thought, such as Classical, Keynesian, and Monetarist economic theory, are discussed. Their origins are placed in historical context and their enduring policy relevance is explored. | |||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources None | |||||||||||||||||||||||||||||||||||||
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