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ECON 20060 The Irish Economy

ECON 20060 The Irish Economy. Lecturer. Vincent Hogan D205 JHN Building Office Hours: Wednesday 9–11 and by appointment. Objective.

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ECON 20060 The Irish Economy

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  1. ECON 20060The Irish Economy

  2. Lecturer • Vincent Hogan • D205 JHN Building • Office Hours: Wednesday 9–11 and by appointment

  3. Objective • This course will use macro economic theory to explain Irish economic performance over the last 30 years. We will also analyse some current economic issues and assess the responses of policy makers to those issues. • Special attention will be paid to the origins of the current crisis

  4. Reading Material • Notes will be posted on Course Blog (see later) • Main Text • The Macroeconomy of the Eurozone: An Irish Perspective by Leddin, Anthony J, and Walsh, Brendan M. (Gill and Macmillan) 2003 • Some “pop economics” books are also very useful • The Return of Depression Economics and the Crisis of 2008 by Paul Krugman • Crisis Economics: A Crash Course in the Future of Finance  by NourielRoubini • Irrational Exuberance - by Robert J. Shiller • Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay • Available on Amazon or audible

  5. Websites • There are a couple of useful blogs • www.irisheconomy.ie (high quality debate) • www.ronanlyons.ie (great on property) • I will add other readings on specific topics as we progress through the course

  6. Outline To be amended as necessary • A Review of basic macro: • The model of everything • A review of Irish economy • Fiscal Policy and Debt • Exchange Rate Policy, Currency Crises & EMU • The Rise of the Celtic Tiger • The Bubble • The Crunch • The Future Performance of the Irish Economy

  7. Assessment • The main Exam in December will be worth 70% • There will be a mid-term assessment (MCQ) probably in second week of October which will count for 30% • Date will be confirmed in class and on blog

  8. Course Blog • All course material will be posted on the blog: www.vincenthogan.ie • New material will not be posted on blackboard • Class notes will be posted before class • I will also post audio files of lecture • Most importantly class notices, extra readings etc will be available on the blog

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