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ECON 20060 The Irish Economy. Or How F@$&ked Are We?. Lecturer. Vincent Hogan D205 Office Hours: Tuesday 11–12 and by appointment. Objective.
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ECON 20060The Irish Economy Or How F@$&ked Are We?
Lecturer • Vincent Hogan • D205 • Office Hours: Tuesday 11–12 and by appointment
Objective • This course will use macro and micro 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
Reading Material • Notes will be posted on Blackboard • 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 • Irrational Exuberance - by Robert J. Shiller • Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay • Available on Amazon or audible • I will add other papers on specific topics as we progress through the course
Websites • There are a couple of useful blogs • www.irisheconomy.ie (hi quality debate) • www.ronanlyons.ie (great on property) • The following web sites are useful for data: • http:/www.cso.ie • http:/www.finance.gov.ie • http:/www.centralbank.ie • http:/www.ecb.org
Outline To be amended as necessary • Topic 1. A Review of basic macro: • The model of everything • Solow growth model • A review of Irish economy • Topic 2. Fiscal, Monetary and Exchange rate Policy and the Irish Experience • Topic 3. The Rise of the Celtic Tiger • Topic 4. Bubbles in Stock and House Prices • Topic 5. Banks, Credit Crunches and NAMA-ology • Topic 6. The Future Performance of the Irish Economy
Assessment • The main Exam in December will be worth 70% • There will be a mid-term assessment (MCQ) on 10thOctober which will count for 30%