Stephen Kinsella
Economist at the University of Limerick
Economics for Business, 2015
This is the course page for EC4004, Economics for Business, Autumn 2015.
Admin
Book Review Guidelines (identical to guideline text in the module outline)
Lecture Notes and module structure, following chapters in Varian (V) and Blanchard and Johnson (B).
Links to notes will become live a day or so before the individual lecture.
| Week 1 | Lecture 1. Introduction, expectations, prerequisites, assessment details, and policies, Review of Basic Micro/Macro concepts from 1st year, consumers in the marketplace. (V) Chts 1 & 2
Lecture 2. Preferences and Utility (V) Chts 3, 4. |
| Week 2 | Lecture 3. Choice, Demand and Equilibrium (V) Chts 5, 6, 7.Lecture 4. Technology, Profit Maximisation and Costs.(V) Chts 18, 19, 20. |
| Week 3 | Tutorials Begin.
Lecture 5. Market and Industry Supply (V) Chts 23, 24. Lecture 6. Market Structures 1: Monopoly Behaviour & Oligopoly (V) Chts 25 |
| Week 4 | Lecture 7. Market Structures 2: Game theory (V) 28, 29.
Lecture 8. Exchange without production: The Edgeworth Box (V) cht 31. |
| Week 5 | Lecture 9: Externalities and public goods (V) cht 34, 35, 36
Lecture 10. Inter-temporal Choice & Asset Markers (V) Cht 10, 11. |
| Week 6 | Lecture 11. Capstone 1: Review of Microeconomic Concepts
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| Week 7 | (Book Review Due Wednesday 21 October by 5pm to Turnitin) UPDATED
Lecture 13. Introduction to the Macroeconomy: Short Run Fluctuations (B) Chts 3, 4 Lecture 14. Financial Markets and ISLM (B) Cht 5. |
| Week 8 | Lecture 15. Medium run: Labour Markets (B) Cht 6
Lecture 16. AS-AD Cht 7 |
| Week 9 | Lecture 17. The Phillips Curve, NAIRU, Inflation (B) Cht 8
Lecture 18. The Global Crisis, The Irish Crisis (B) Cht 9. |
| Week 10 | (Sample exam released)(Economic Reasoning Assignment due Wednesday 11th November at 5pm to turnitin)
Lecture 19. Supply-side policies and economic growth (B) Chts 10, 11Lecture 20. Expectations & Finance (B) Chts 14, 15 |
| Week 11 | Lecture 21. The Open Economy (B) Chts 18, 19
Lecture 22. Exchange Rates, Output, and Interest Rates (B) Chts 20, 21 |
| Week 12 | Lecture 23. Monetary & Fiscal Policy for small open economies (B) Chts 23, 24.
Lecture 24. Capstone 2: Review of Macroeconomic Concepts. |