“If anyone thought that the arrival of the euro would end interest in Irish macroeconomic developments, the events of the past six years has dispelled that illusion. (With this book) a new generation of Irish students will now be armed to help answer the biggest and most challenging economic policy question of today – how to consolidate the return to employment and income growth and manage down the burden of debt” Professor Patrick Honohan, Governor of the Central Bank of Ireland, 20th September 2013.
A new examination of macroeconomics that deals with topics relating to economic growth, unemployment and inflation, with particular emphasis on contemporary Irish and European economic issues.
Macroeconomics at undergraduate level in universities and Institutes of Technology
Macroeconomics modules at postgraduate level
1. Introduction to Macroeconomics
Appendix: Study Resources: the Irish Economy
2. National Income and Economic Performance
Appendix: Beyond GDP
Appendix: Winners of the Nobel Prize in economics 1969-2011 S and their contributions to economics
4. The Labour Market and Unemployment
Appendix: The Cobb-Douglas production function and productivity
Appendix: The supply of labour in the long run
Appendix: The Live Register as a measure of unemployment
5. Introduction to the Theory of Income Determination
6. The Consumption Function and Income Determination
Appendix: Deriving the multiplier formula with saving, taxation and import leakages
7. Introduction to the Theory of Fiscal Policy
8. Fiscal Policy and Economic Planning in Practice: The Irish Record
9. Money and Banking
10. Money and Interest Rates in a Closed Economy
Appendix: Net present value
Dr Anthony J. Leddin is Senior Lecturer in Economics at the Kemmy Business School, University of Limerick.
Prof. Brendan M. Walsh is Emeritus Professor, School of Economics, University College Dublin.