Registry

Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title	Macroeconomic Policy
Module Code	EF302
School	DCUBS
Online Module Resources
Module Teacher	Siobhan McGovern
NFQ level	8	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

Description

INACTIVE - 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 learning	60	Reading and Synthesizing lecture materials
Lecture	24	Formal Lectures
Examination	41	Preparation for, and completion of, examination
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 Assessment	100%	Examination Weight	0%

Course Work Breakdown
Type	Description	% of total	Assessment 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
This module is category 1

Indicative Reading List

Other Resources

95, Supplement to Lecture Notes, 0, Moodle Notes, 96, International Monetary Fund, 0, Article IV publications, 97, The World Bank, 0, various documents,

Array

Programme or List of Programmes

BA in Accounting & Finance

Bachelor of Business Studies

BSI

Business Studies ( with INTRA )

BSSA

Study Abroad (DCU Business School)

BSSAO

Study Abroad (DCU Business School)

ECSA

Study Abroad (Engineering & Computing)