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The Economy of Ireland B

Module Code: ECU22022 (old code EC2121)

Module Title: Economy of Ireland B

  • ECTS Weighting: 5
  • Semester/Term Taught: Semester 2
  • Contact Hours: 22 hours of lectures and approximately 4 hours of tutorials
  • Module Personnel: Lecturer - Professor Francis O’Toole

Module Learning Aims

This module aims to:

  • provide those with a fundamental level of economics (e.g. EC1110 & EC1111 or equivalent) with an understanding of the Irish economy and public policy-making; 
  • show how various pressures and policies shape the development of the Irish economy;
  • economically interpret and evaluate public policy-making in Ireland and elsewhere; and,
  • facilitate the use of clear and concise English that is required for understanding economics and policy-making.

Module Learning Outcomes

On successful completion of this module you will be able to:

  • identify the key outcomes of interest for economic policymakers in Ireland and the primary tools used to achieve those outcomes;
  • interpret and analyse public/social policy phenomena in Ireland and elsewhere; and,
  • evaluate public policy-making in Ireland and elsewhere.

Module Content

The issue of market provision and/or state provision provides a central and recurring theme in this module. Within each policy area covered, the module investigates market failure and government failure, via for example consideration of externalities, informational problems and an examination of the public choice perspective. Specific topics expected to be covered include: inequality; regulation (e.g. “nudging”); taxation; competition; education; and health.

Recommended Reading List

O’Hagan & O'Toole (eds) The Economy of Ireland (13th edition; Palgrave, Dublin, August 2017) is the primary textbook.
The following books provide useful background reading:

  • Le Grand, J., Propper C. and S. Smith, The Economics of Social Problems, 4th Edition, palgrave macmillan, 2008.
  • Sandel, M., What Money Can’t Buy: The Moral Limits of Markets, Penguin Books, 2012.
  • Thaler, R., and C. Sunstein, Nudge, Penguin Books, 2009.
Other suggested reading materials will be highlighted during the module.

Module Pre-Requisite

Introduction to Economics (e.g. EC1110 & EC1111 or equivalent).

The Economy of Ireland A (ECU22021).

Assessment Details

It is envisaged that the allocation of assessment marks will be as follows:

  • 40 per cent for a mid-term assignment to be submitted by the start of Teaching Week 8 of Semester 2; and,
  • 60 per cent for a final examination.

Module Website