The Contribution Of The Construction Industry To The Irish Economy Is Considerable In Terms Of Output, Employment, Capital Expenditure

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The contribution of the construction industry to the Irish economy is considerable in terms of output, employment, capital expenditure and in the provision of infrastructure requirements. There are numerous factors that determine the demand for construction output and to fully understand the economic importance of the construction industry it is essential to monitor and analyze these indicators.
1) Economic Growth:
~ GDP and GNP (% changes as well as monetary value)
~ Value of construction output
~ Construction as a percentage of GDP
2} Employment in Ireland: 

~ Employment and unemployment rates
~ Construction Employment: direct and indirect
3) Inflation:

~ Consumer Price Index
~ Construction Tender Price Inflation/Construction Cost Inflation
4) Private Residential Sector (owner-occupier or investment) 

5) Social Housing (and affordable housing) 

6) Private non-residential (eg. offices, hotels, retail) 

7) Productive infrastructure (eg. rail, road, airport, seaport) 

8) Social infrastructure (eg. healthcare, education buildings) 

9) Fiscal Policy
~ Budget (current and capital expenditure)
~ National debt, government deficit
10) Monetary Policy Implementation
~ ECB interest rates & credit control
11) Apprenticeship Training/Education
12) International Trade/Brexit
13) Sustainable Development
A written report providing critical analysis and discussion of the construction industry in Ireland over the last decade.
Significant trends (positive and/or negative) must be identified and explained prior to any relevant relationships between variables outlined and discussed (for example employment in the economy as a whole versus construction; economic growth and construction industry growth; inflation and employment). The analysis should highlight critical drivers and the impact of the trends and draw linkages to the various sectors within the industry (where relevant).
The report should also provide a forecast of future output for construction identifying the key contributing factors and likely drivers of future output within the sector, and for the economy as a whole. Topical issues, for example, Brexit, should form part of the discussion in the context of the Irish economy and the potential impact (if any) on the construction sector.
The written report may include some of the visual displays from the first component and must be referenced in accordance with the Harvard System. A possible structure for the written report is outlined as follows:

  •  Title Page (Group member name, student number, course, year)
  •  Abstract (Executive summary c. 200 words)
  •  List of tables, list of figures, list of abbreviations
  •  Table of contents
  •  Introduction
  •  Macroeconomic objectives (trends and analysis)
  •  Construction industry and macroeconomic objectives (trends and analysis)
  •  The future outlook for the economy (including opportunities and threats)
  •  The future outlook for the construction industry (including opportunities and threats )
  •  Conclusions
  •  References (Harvard system)
  •  Appendices (minutes of group meetings; graphical displays not included in the main 
body of the report) 
The written report should be approximately 5,000 words (excluding preliminaries, bibliography, and appendices) and a screenshot of the word count must be included as an appendix.
 
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The Irish Government Must Respond To The Severe Economic Downturn Caused By The COVID-19 Pandemic: Economics Essay Assignment

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University National University of Ireland (NUI)
Subject Economics

Assignment Details:

The Irish government must respond to the severe economic downturn caused by the COVID-19 pandemic; such a response may act to stimulate the economy or promote living within our means as set out by the theories of Keynesian Economics and Economic Liberalism respectfully.
Compare and contrast these different potential responses in at least four sectors of the Irish economy.

Learning outcomes:

LO2. Explain the broad principles of macroeconomics and the role of government intervention
LO3. Describe the main features of the Irish economy
LO4. Interpret standard economic models of the market and of market intervention

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In your answer you should:

  1. Describe the Irish economy using the circular flow of income;
  2. Briefly outline the theories of economic liberalism and Keynesian economics;
  3. Use the model of demand and supply to explain how markets work;
  4. Discuss and describe how international trade can affect an economy’s potential output;
  5. Debate the role of the welfare state;
  6. Analyze potential labor market changes;
  7. Analyze any potential trade-off between unemployment and

Your answer should have an introduction, main body, and conclusion. While some attention of your answer should be focused on the theoretical definition, the main focus of your answer should concentrate on the extent to how the state may act and the economic arguments both for and against these actions by using the course material and external evidence such as CSO data.
It is important that you answer the question directed at you. In essence, the question is seeking a response to contrasting arguments around government intervention in the Irish economy. Your answer should be a well-balanced economic argument identifying the various options open to the government.
Diagrams, tables, graphs, and their descriptions are to be attached as appendixes and are excluded from the overall word count, you should reference them in your answer.
Your answer must contain a reference list in a separate section at the end of your answer. References and the reference section are also excluded from the word count.

 
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Trade Law Demands A Delicate Balance Between International Rules And Domestic Autonomy: International Economic Law Essay

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University University College Dublin (UCD)
Subject International Economic Law

Assignment Details:

“Trade law demands a delicate balance between international rules and domestic autonomy. The World Trade Organization fails to strike that balance, and that has been its undoing.” Do you agree? Explain your answer.

  • Key concepts – “international rules”, “domestic autonomy”, “balance” What are they? What do they mean? What do they imply? Why (if at all) do they matter?
  • Doctrinal focus – “trade law”, “The World Trade Organization” Open, so up to you to decide which parts of the module to focus on. Why choose the ones you do? (Justify your choices!) How do they relate to the key concepts? Is the answer always the same?
  • “fails to strike” “has been its undoing” – Are these the right criteria for judging WTO law? How well has it done by these criteria? What is the consequence? For whom?
  • “Do you agree?” – evaluate the statement! Is it right or wrong? Why?
  •  “Explain your answer.” – Why is the answer you have reached the correct one? What is the argument supporting it?

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Make an Argument

  1. The argument is yours – it is what you bring to the table.
  2. The questions are intentionally open. There are many different but equally good ways you could answer these questions. It is your job to decide how to approach them.
  3. There is no one right answer (but this does not mean there are no wrong answers!)
  4. An interesting, original and compelling argument is what distinguishes really great academic writing.
 
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5N1350: When The UK Leaves The EU It Will Be Good For British International Trade: Applied Economics Assignment

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University Ballsbridge College of Further Education (BCFE)
Subject 5N1350: Applied Economics

Brief:

This assignment accounts for 40% of the Applied Economics module.
There are six questions. Answer all questions in every section.
Students should use their Ballsbridge College ID and initials and class, not their name, on their assignments, for example, a student named Joe Bloggs in AUC class with a Ballsbridge College ID of BBCFE123 should type ‘BBCFE123 JB AUC’ in his assignment footer and on the cover sheet and for the assignment name when saving the document.

Question 1:

a) Name three barriers to free trade.
b) Define the Balance of Trade?
c) Define the Balance of Payments
d) What is the Law of Comparative Advantage
e) “When the UK leaves the EU it will be good for British international trade.” Discuss this statement, stating whether you agree or disagree with it and offer economics-based arguments to support your position.

Question 2:

a) Name any three characteristics of a free enterprise economic system.
b) State the Law of Demand.
c) Illustrate each of the following events using a supply and demand diagram for the butter market. Each diagram should clearly show the demand curve, supply curve and equilibrium point, as well as the Price and Quantity axes.
i) Show what would happen when the price of margarine rises
ii) A reputable medical journal publishes a report that butter is unhealthy.
d) What causes a movement along a supply curve?
e) List two reasons why a supply curve might shift to the right?

Question 3:

a) List the assumptions of a perfectly competitive market
b) Give two examples of monopolist markets in Ireland
c) Microsoft is a monopolist in the PC operating system market. Do you agree or disagree with this statement? Give three reasons to support your argument.

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Question 4:

a) Calculate the national income of Ireland using the Income Method and by selecting from the following data: Total Rent – €30bn; Total Children’s Allowance Payments – €12bn; Total Wages – €150bn; Total Interest Income – €20bn; Total Profits – €50bn; Total motorbike sales – €45 million.
b) Irish GDP is higher than Irish GNP. Which is a more accurate way to measure the wealth of the inhabitants of the country? Why is this true?

Question 5:

a) When a country is entering a recession, why should a government increase spending?
b) List three sources of revenue for the government’s annual budget.
c) The Japanese government wishes the economy to grow more quickly, to create employment. Suggest three measures the government could take to stimulate the economy, with regards to the annual government budget; international exchange rates; and interest rates.

Question 6:

The following table tracks the costs of production incurred by a shoemaker producing shoes.
The following table tracks the costs of production incurred by a shoemaker producing shoes
a. Complete the Total Costs and Marginal Costs columns for between 6 and 9 units.
b. Suggest one reason which could explain why average costs declined for the first four pairs of shoes?
c. At what production levels did the shoemaker experience diseconomies of scale?

 
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