Registry
Module Specifications
Archived Version 2020 - 2021
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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 policiesIntroduction 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 determinantsMacroeconomic theoryAggregate demand and national income - the circular flow model; the multiplier effect; Keynesian analysis of unemployment and inflation; rational expectations and the New Classical alternative.Role of money in the economyRole 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 EconomyBalance 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. | |||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources None | |||||||||||||||||||||||||||||||||||||
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