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Parent Programme
Bachelor of Business (Level 7 NFQ)
MODULE NFQ
Level 6
MODULE CREDIT UNITS
ECTS: 5
MODULE TITLE
Macroeconomics
Reference Code: BB7 616
STAGE
Year 2
Spring Semester 2
12 Weeks Full-Time X 3.15 Hours per week
12 Weeks Part-Time X 1.75 Hours per week

Minimum Intended Learning Outcomes (MIMLOs)

Upon successful completion of this module, the learner should be able to:
LO 1
Explain GDP and GNP and how they are used to measure economic activity in a given year.
LO 2
Describe the pertinent macroeconomic indicators and how they are determined.
LO 3
Illustrate macroeconomic indicators graphically.
LO 4
Explain the economic implication of a change in a macroeconomic indicator.
LO 5
Discuss the different fiscal and monetary policies that can be used to achieve a desired change in a macroeconomic indicator.

Assessment

MIMLOs
Assessment
Percentage
1, 2, 3
CA
60%
1, 2, 3, 4, 5
Final Written Examination
40%

Reassessment Opportunity

Where the combined marks of the assessment and examination do not reach the pass mark the learner will be required to repeat the element of assessment that they failed. Reassessment materials will be published on Moodle after the Examination Board and will be aligned to the MIMLOs and learners will be capped at 40% unless there are personal mitigating circumstances.

Macroeconomics

Aims & Objectives

The aim of this module is to equip the learner with an understanding of how an economy is measured, and the ability to graphically represent the macroeconomic models. The learner will gain an understanding of the reasons for movements in macroeconomic indicator, and the broader economic logic for fiscal and monetary policy decisions.

  • Understand how an economy is measured.
  • Graphically represent the macroeconomic models.
  • Understand the economic logic for fiscal and monetary policy decisions.
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