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Learning outcomes 5.3
1. Define Trade and why is it important to Ireland.
2. List the benefits of trade for the Irish economy.
3. Justify the implications for the Irish economy of Brexit.

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Ireland’s Trade in Goods 2018 - Central Statistics Office

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Gender Pensions and Income.

https://www.esri.ie/publications/gender-pensions-and-income-in-retirement

1. What are the factors affecting the supply of labour?
2. Why do gender pay gaps exist?
3. What are the implications for society of an underrepresentation of women in the workplace?
4. What can business and government do to close the gap?

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LO:4.3  and 3.2 Trends in Irelands labour force

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Society Statistical Yearbook of Ireland 2019 - Central Statistics Office

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Strand 3
3.2 The Labour Market
Strand 4
4.2 Fiscal policy and the budgetary framework
4.3 Employment and Unemployment

Questions:
What future trends could you expect from the 3 year comparisons chart?

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https://www.cso.ie/en/interactivezone/visualisationtools/infographics/economy/#economy-pg-15
4.2 The main sources of Government revenue and expenditure
Question:
What are the different types of taxes that the Government collects as a source of income ?

Distinguish between direct and indirect taxes?

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Strand 3
3.2 The Labour Market
Strand 4
4.2 Fiscal policy and the budgetary framework
4.3 Employment and Unemployment

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https://www.cso.ie/en/interactivezone/visualisationtools/irelandstopmotors/
Learning Outcome: 2.1 2.2
Is economics all about individual satifaction or social satisfaction?

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Learning Outcomes 4.2
Possible Questions
1) Can you identity two trend in the Data?
2) Predict what is likely to happen to future expenditure on servicing government debt.
3) Describe the social costs of the high level of debt servicing costs.

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Consumer Price index measuring inflation and deflation
Causes and consequences
https://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexoctober2019/

Infographic on prices
https://www.cso.ie/en/releasesandpublications/ep/p-cpl/comparativepricelevelsforfoodbeveragesandtobacco2018/

Questions: Blooms
Knowledge - What are the causes of inflation?
Comprehension - Interpret changes in inflation rates over time
Application: Compute/Calculate the rate of inflation
Analyse - Determine the factors that caused inflation to change over a period of time
Synthesis - Predict the consequences of hyper inflation on business/consumers
Evaluation - Justify the government intervention during times of very high inflation

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https://whereyourmoneygoes.gov.ie/en/socialprotection/2020/

Learning Outcomes 2.4 and 4.2

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https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Wages_and_labour_costs

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https://www.cso.ie/en/interactivezone/visualisationtools/irelandstopmotors/
Learning Outcomes: 2.1, 2.2

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Learning Outcome 4.2 & 4.3
Identify patterns of government expenditure (Social Protection spending trends & proportion of payments)

Investigate data patterns to describe the main features and trends in Ireland's Labour force (Unemployment & Age)

Define the term Fiscal Policy

Calculate the percentage increase in pension spending between 2010 - 2020

Analyse two factors that have led to this increase in Government spending on Pensions.

What do you consider to be the most important area of government spending on social protection for extra funding over the next few years, Justify your response.

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Investigate data patterns in Ireland's National Income, Price Levels, Unemployment Rate, Government Expenditure and National Debt over a period of time
1. What are Irelands main economic indicators?
2. Whats the difference between GDP & GDP per person.
3. How is an increase in GDP significant?
4. How does Irelands Unemployment compare/ contrast with other EU countries?
5. What solutions would you suggest for a fall in Economic Growth(GDP)?
6. Support the trend of a fall in unemployment with reasons why and it's connection with Economic Growth?
https://ec.europa.eu/eurostat/cache/infographs/economy/desktop/index.html

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Investigate the patterns in Irelands National Income
Investigate the data patterns to describe the main features and trends in Ireland

https://www.cso.ie/en/interactivezone/visualisationtools/infographics/economy/

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Home / Interactive Zone / Visualisation Tools / Infographics / Economy

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Learning outcome 4.2
Sources of government expenditure

Questions:
Compare % spending between current and capital Govt.expenditure in each Govt.dept from year to year

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Who are Ireland's top trading partners? (list)

What does this mean for the Irish economy in the case of hard Brexit?

Compare Ireland's relationship with it's trading partners- in terms of the ratio of imports to exports. (ie is Ireland a net importer/exporter)

https://ec.europa.eu/eurostat/web/international-trade-in-goods/visualisations

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Learning Outcomes 5.3
Balance of payments - good visual infographic

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expenditure?
Distinguish between current and capital expenditure?
Find out what was the education expenditure for 2019?
How does the 2019 figure compare and contrast with 2010 figure?
Give your opinion on the expenditure on education in 2019?

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How much plastic packaging waste do we recycle? 

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How much plastic packaging waste do we recycle? 

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Questions 1.
Who uses plastic?
Q2 Where does Ire lie in plastic bag usage?
Q3 Why Ire doesn't recycle?
Q4
Why is this statistic a poor one?
Q5
What do you think we should do? https://ec.europa.eu/eurostat/web/products-eurostat-news/-/DDN-20191105-2?inheritRedirect=true&redirect=%2Feurostat%2F
Learning outcome: 2.4

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Knowledge. Name three areas of personal consumption.
Application . Demonstrate how a change in income would impact on personal income.
Evaluate . Justify the role of gdp and its impact on the economy.

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If you were Minister of Finance how would you allocate the budget?

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Donegal Statistical Yearbook
1 Compare home ownership in Donegal with other countries.
2 Why is Polish the most popular spoken language in Donegal after Irish and English?
3 Compare commuting by car in Donegal v Dublin.

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For this chapter we used Census 2016 data to create 25 county infographics plus the 4 Dublin regions. We have information on the Top 3 Non-Irish Nationalities, Spoken Languages other than Irish or English spoken at home, Martial Status, Types of Commuting, Home Ownership and Health. Watch the animation below to view every county in sequence or scroll down to view and download your county's infographic.

Your county's profile

Find your county's profile below. Click to view larger or download to view and print.
Go to next chapter >>> Life Events

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Census County Snapshots - CSO - Central Statistics Office

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For this chapter we used Census 2016 data to create 25 county infographics plus the 4 Dublin regions. We have information on the Top 3 Non-Irish Nationalities, Spoken Languages other than Irish or English spoken at home, Martial Status, Types of Commuting, Home Ownership and Health.

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Students will identify the main sources of government expenditure.
1.Identify the different categories of Government Expenditure
2. Contrast the difference between Current spending and Capital spending.
3. Compare the level of spending on different sectors of the economy (education, Health) and how it has changed over the past 50 years.
https://whereyourmoneygoes.gov.ie/en/

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https://ec.europa.eu/eurostat/web/products-eurostat-news/-/DDN-20191105-2?inheritRedirect=true&redirect=%2Feurostat%2F

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https://ec.europa.eu/eurostat/cache/infographs/economy/desktop/index.html
https://www.cso.ie/en/releasesandpublications/er/mue/monthlyunemploymentseptember2019/

Questions:
1. What is the current unemployment rate?
2. Do you think that this is high or low?
3. How is this rate significant to the economy?
4. What age group has the highest unemployment rate?
5. How does our unemployment rate compare to the EU average?
6. What solutions/policies should the government implement to tackle/maintain this unemployment rate?

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Students can observe the spending on Social Protection. They can see the breakdown of what is spent on payments to support unemployed vs other areas of spending such as Pensions. They can also compare the trend in spending over the past number of years.

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https://ec.europa.eu/eurostat/cache/infographs/womenmen/bloc-2d.html?lang=en
3.2 discuss the factors that determine wage differentials in the labour market

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Learning Outcome 4.4 Monetary Policy and the price level

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Learning Outcome 4.4 Monetary Policy and the price level

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https://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexseptember2019/

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Strand 2.4
4.1, 4.2, 4.5
https://whereyourmoneygoes.gov.ie/en/other/2020/

How much was spent on Social Protection?
What impact does the spending on Social Protection have on the other departments?
Evaluate the implications of the greying population on the pensions bill.
What solutions would you suggest for the rising cost of pensions?

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What is Brexit?
What do we mean by inflation, unemployment and growth?
What is the difference between deal and no deal?
Why would a 'no deal Brexit' cause more unemployment? less growth?

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Demand and Supply

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https://www.cso.ie/en/interactivezone/visualisationtools/infographics/economy/#economy-pg-7

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Identify the main sources of government revenue and expenditure

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Identify the main sources of government revenue and expenditure

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Knowledge: List 3 examples of govt current expenditure
Comprehension: Whats the difference between current & capital expenditure
Application: Demonstrate how the govt could reduce govt current budget deficit
Analysis: Compare the expenditure in the Justice dept over 3 years
Synthesis: Rewrite the budget based on your own preferences
Evaluation: Recommend areas for improvement (increase/decrease expenditure) & support it with evidence
Creativity: Design an infograph on current budget

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4.2 4.4 4.5
‘What does the central bank do?’
Price Stability - Interest Rates
Financial Stability
Economic analysis

https://centralbank.ie/consumer-hub/explainers/animated-explainer-series?utm_medium=website&utm_source=CBI-Homepage&utm_campaign=animated-explainer-series&utm_content=43719

Explain the role of the CB.
Evaluate the role of the CB as a regulator.
Prioritize the role of the CB.

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https://ec.europa.eu/eurostat/cache/infographs/economy/desktop/index.html

Define unemployment.
What changes have occured in the graph over the time period?
How does it compare to the European average?
Will the unemployment rate continue to decline as show?
Will full employment lead to an increase in activity in the shadow economy?

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links to: learning outcome 2.1
(determinants of supply and demand)
https://www.cso.ie/en/releasesandpublications/er/rsi/retailsalesindexaugust2019/
Highest, lowest, etc % of spending?
Why did the trends in the diagrams emerge?
Effect of price changes on demand - elasticity?
what does it tell you about current society?

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4.2 Main sources of govt expenditure
4.1 Investigate Data Patterns
1.2 Opportunity cost

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Financial Regulation - Learning outcomes: 2.4, 4.4, 4.5

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Financial Regulation - Learning outcomes: 2.4, 4.4, 4.5

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Can you imagine if there was no regulation?
Do you think regulation is a good or a bad thing?
How does regulation in Ireland compare to other countries?
What are some of the motives behind the regulation system?
Who can explain regulation?
Tell me about the Irish Central Bank.
Compare the Irish Central Bank and the European Central Bank.

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4.3 investigate data patterns to look at the trends in Ireland’s labour force

1. Knowledge: What is unemployment? List the main causes of unemployment?
2. Application: How would this be significant for the circular flow of income?
3. Synthesis: What solutions would you suggest for the government to reduce unemployment? (Bord na Mona, budget 2019)?
4. Evaluation: What effect would an American system of social welfare have on unemployment?

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4.3 labour force
Economic Indicators
https://www.cso.ie/en/statistics/keyeconomicindicators/
Question
What do you see from the data provided?
What do you see about the construction industry in particular?
2)What do you think was the impact of this reality?
Where would you find out more data about this?
3)What could the Government learn from this so that it doesn't happen again?

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What is an exchange rate?
How is it determined?
How will this effect Ireland's trade
( importers and exporters)?
Analyse how this will effect Demand and Supply for products?

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Markets Report

With an end to the Brexit saga appearing to be in sight, US stocks were little changed and European markets sold off.

The pound was trading at 86.23p to the euro, up from 86.3p at Tuesday's close.

It swung between losses and gains as the Democratic Unionist Party denied reports it may support some of the latest proposals, an issue that has risked collapsing this week's talks.

The prospects for a deal were reinforced after Brexit Secretary Stephen Barclay told a parliamentary committee that Prime Minister Boris Johnson will seek an extension on Saturday if a deal hasn't been reached by then.

The S&P 500 climbed from the lows of the day after President Trump said a trade deal with China probably will not be signed until he meets with Chinese President Xi Jinping at the APEC summit next month in Chile.

In earnings, Bank of America jumped after deal fees surged, continuing a string of strong bank results.

Smaller banks including Bank of New York Mellon and PNC Financial advanced after delivering solid quarterly numbers.

Netflix is slated to deliver after the market closes. Earlier, the dollar edged lower and Treasuries rose after a report showed retail sales unexpectedly declined.

"Earnings are not so bad that it causes any sort of violent market reaction," said Jeff Mills, chief investment officer at Bryn Mawr Trust Co.

"But I don't think they're going to surprise enough to the upside to be a catalyst for a breakout."

The Stoxx Europe 600 dropped, while benchmark indexes in Asia finished mostly higher, though most gauges trimmed the gains after China threatened to retaliate if the US offered legislative support to pro-democracy protesters in Hong Kong.

Stocks dipped in Shanghai and the yuan weakened.

Elsewhere, Turkish stocks fell with government bonds after the US brought a criminal case against one of the nation's largest banks, in what could be an escalation of Washington's efforts to reprimand Ankara for its military incursion into northern Syria.

South Africa's rand sank as the state-owned power company announced a new round of rolling blackouts.

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Pound clings on amid talk of a Brexit deal

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The pound hit a five-month high Wednesday after surging the most since 2008 in the past four days.

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How much did Government spend on Social Protection in 2019?
What was the % change in spending in Social Protection between 2009 and 2019?
Analyse the breakdown of Social Protection expenditure in 2019-how does this compare to this category in 2012?
In your opinion what has caused this change?

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Role of Central Bank in Regulating Monetary Policy  LO 2.4 and 4.4

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Role of Central Bank in Regulating Monetary Policy  LO 2.4 and 4.4

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https://youtu.be/-TfxjnxS784
What does the phrase 'regulated by the Central Bank of Ireland' mean?

What enforcement powers does the Central Bank have?

What is financial regulation and why does it matter?

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2. Distinguish between the advantages and disadvantages.
3. Examine the impact on (I)low income families (ii) Govt. finances (iii) Consumers
4. Create a new way to fund climate change other than a carbon tax.

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Ireland facts and figures
4.3
4.4
Define inflation
Give an example from your own daily life.
How would you combat inflation?

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S3 3.3  Price Controls

How do price controls affect competition?
How are price controls linked to market equilibrium?

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Price controls - advantages and disadvantages - Economics Help

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What are the pros and cons of price control? Summary Price controls can take the form of max and min prices, buffer stocks and direct controls. Diagrams

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4.16
4.21
4.31
1.11

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https://m.youtube.com/watch?v=KZF6MlQTnnE

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Looking at the energy prices comparison throughout the EU.
Looking at the increase in carbon taxes in the recent budget, how has this govt. intervention affected the market?
Link to sustainability, why are some countries prices higher than others?

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Strand 4.4 CAuses and consequences of inflation

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Consumer prices in decline as inflation falls to 12-month low

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Largest prices rises linked to higher rents, mortgage interest and energy costs

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Learning Outcomes
1.2 - Opportunity cost
4.1 - national income and circular flow
4.2 - government policy
2.4 - role of government intervention and why its necessary

Question
(knowledge) Identify the main categories of government expenditure? Define opportunity cost.
(understanding) Discuss opportunity cost in relation to government expenditure.
(application) Show an example of opportunity cost in relation to government spending?
(Analyse) Analyse potential implications for the government if they were to increase/decrease social protection spending.
(Evaluate) The government have increased the minimum wage to €9.80. Assess this decision using cost benefit analysis.
(Creativity) If you were Minister for Social Protection, what advice would you give the government on spending?

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https://www.centralbank.ie/monetary-policy

Monetary Policy- price stability, managing liquidity,

-who's in control of interest rates?
- what is monetary policy?
-why do we have monetary policy?
- what is price stability?
- what would happen if the interest rates increase.. effects on firms/households
- Can you think of other areas monetary policy can effect? What would this effect be?

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identify the main sources of government revenue and expenditure

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Learning Outcome 2.2

Analyse the impact of Brexit on consumer spending.
Outline two reasons why there has been an increase in consumer durable consumption.
What is a consumer and what are consumer durable goods.

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Employment and labour market
Learning Outcome 4.3
https://archive.irishnewsarchive.com/Olive/APA/INA.Edu/SavePage.ashx?pdf=Etz1Z%2FFYTVkPLL0SaNGN0mM%3D&page=18

1. Define Labour market and identify some sectors of the Irish Labour market.
2. Can you summarise what the author of the article is saying ?
3. Can you relate the information in the article to the current labour market in Ireland.
4. Can you connect this article to the work of other organisations such as the committee for future skills needs.
5. Use your information to predict shifts in the labour market over the next 5 years.

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https://whereyourmoneygoes.gov.ie/en/

Questions:
1.(knowledge) - can you list sources of government expenditure ?
- what is opportunity cost ?

4.(Analyse) - debate what’s the most important government  expenditure.
- analyse government expenditure trends year on year.

5. (Synthesis) - can you predict future government expenditure?

6 (Evaluate) - How effective is the expenditure in a chosen sector of the government budget?

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5.3What is Brexit?
Which Irish industries is it likely to impact?
Provide three justifications for Brexit?
What will be the regional impact of Brexit?
What criteria would you use to assess the impact of Brexit?
Economic Implications of Brexit

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Explain how countries and regions can be profiled by income, wealth and equality.

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The “Quality of Life“ infographic is a tool created by Eurostat showing the overall satisfaction of Europeans concerning different aspects of life.

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What was the unemployment level in 2008?

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What was the unemployment level in 2008?

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1.What is it now?
2.Explain the reasons for this change?
3.Determine the factors that improved the employment rate?
4.Analyse the sectors of the economy where employment levels changed the most
5.Predict future employment trends and where they will be

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Analyse the effectiveness of the government imposition of carbon tax on diesel cars usage in ireland ?

Construct a database from 2015 to 2017 from the CSU website on carbon emissions

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https://centralbank.ie/consumer-hub/brexit-faq---consumers
1.1
Questions
1.  Define Brexit.
2.  Explain what is meant by a “no deal Brexit”.
3.  Describe how this will affect Ireland.
4.  Plan, how you as Minister for Finance, would prepare for a “no deal Brexit”.

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Gender, pensions and income  in retirement

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Gender, pensions and income  in retirement

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https://www.esri.ie/publications/gender-pensions-and-income-in-retirementLearning outcomes: 3.2 (9) Discuss the factors that determine wage differentials in the labour market.3.2 (6) Examine the factors affecting the supply of labour.

Questions:
1. What is a pension?
2. Summarise the main points you read in your own words.
3. Do you know of another instance where gender inequality occurs?
4. Contrast the gender inequality in this article.
5. What solutions do you suggest to the problems associated with gender inequality?
6 Prioritise your solutions to gender inequality.

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1) What effect does Ireland's minimum wage have on the demand and supply of labour in Ireland?

https://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tps00155&plugin=1

Questions
Q1. How does the min wage in Ireland compare to that in other countries?
Q2. Why is Ireland's min wage higher than in other countries?
Q3. What would happen if the min wage dropped in Ireland?
Q4. Do you believe the high min wage is good/bad thing?
Q5. What information would you require to set an appropriate min wage?

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Investigate data patterns in Ireland’s national income, price level, unemployment rate, government expenditure and national debt over a period of time; identify the different phases of business cycles and critically examine the main factors that led to the fluctuations in output

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Economy - CSO - Central Statistics Office

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2.4 Do you think the price of cigarettes in Ireland is too high? Is the high price a good or bad thing.

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2.4 Do you think the price of cigarettes in Ireland is too high? Is the high price a good or bad thing.

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1.2 scarcity- choice - opportunity cost

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Growth, Unemployment, Inflation and Interest Rates

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Growth, Unemployment, Inflation and Interest Rates

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Quarterly Bulletins: Infographics provide simple data in bite size chunks for the following learning outcomes:

4.1
4.3
4.4
4.5

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Gender, pensions and income  in retirement

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Gender, pensions and income  in retirement

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https://www.esri.ie/publications/gender-pensions-and-income-in-retirement

Learning outcomes: 3.2 (9) Discuss the factors that determine wage differentials in the labour market.

3.2 (6) Examine the factors affecting the supply of labour.

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https://ec.europa.eu/eurostat/web/housing-price-statistics/overview
Questions on 2.1
1) Do you think Ireland’s housing crisis is a supply or demand driven issue?

2) Graph a changing trend based on the data given in the link below?

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Learning Outcome 5.1

What is the median average income?
What factors affect the differences in income across regions?
What solutions would you suggest to reduce the income inequality between Donegal and Dun Laoghaire/Rathdown?
What do you think about 27.1% of households not earning any income?

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Learning Outcome 2.2 evaluate the economic role of consumers in an economy

Questions:
Knowledge: What is a indirect tax? What is the economic problem?

Comprehension: Can you list people / stakeholders impacted by the tax?

Application: Illustrate / draw the impact of the tax using supply and demand diagram.

Analysis: Compare the sugar tax and the snack tax? Illustrate the difference.

Synthesis; What other solutions / alternatives would you recommend?

Evaluation: How effective is the tax? Evaluate the impact of the tax on different  consumers/firms/government/society?

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4.2 Sources of gov expenditure

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Ireland has a gender pension gap of 35 per cent

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Ireland has a gender pension gap of 35 per cent

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https://www.esri.ie/news/ireland-has-a-gender-pension-gap-of-35-per-cent

Learning Outcomes 4.2 and 1.3 inequality

good infographic!

1. What is the percentage difference between men and women’s pension?
2. Can you write a brief outline of the reasons why there is a difference?
3. What are the significance/economic consequences of this difference?
4. What policies/interventions could the government implement?
5. What solutions could you suggest to overcome this problem? And justify your answer.

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Go to Visuallisations on link below
Go to " Electricity Price Statistics"
https://ec.europa.eu/eurostat/web/energy/data#monthly
Monthly energy data
1.3 Sustainability
Q1. What does it cost to power a lightbulb for a year ( 3 hrs per day) in Ireland?
Q2. Compare energy prices with other EU countries
Q3. Why do you think prices differ from country to country?

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Learning Outcome 4.4 https://www.cso.ie/multiquicktables/quickTables.aspx?id=cpa01_2
Questions:
Knowledge - what is inflation?
- what is the CPI?
Understanding
- What is the CPI measuring?
- How is it calculated?
Application
- What is the trend over the past 10 years?
Analysis
- So what? Why 2%?
- How does this trend affect your standard of living?
Synthesis
- What would happen if...prices rise/fall (to different stakeholders)
Evaluation
- Do you think inflation is good/bad thing?
- How do you think inflation could be controlled?

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Questions:
What roles do the government play in setting tax levels in Ireland?

Examine how other countries (governments) have approached the carbon emissions issue.

As minister for finance, investigate how you would alter carbon tax rates (or alternative economic policy) to reduce our carbon emissions.

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1.2 opportunity cost & Gov resources
4.1 Economic data patterns
4.2 gov revenue and expenditure

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Reliable sources of European statistics (video). Also at https://youtu.be/Qs5WmR_t0yc

Learning Outcome 1.1 Economics as a way of thinking.......students should be able to appreciate the role of .... data..

Questions:
Application: How is (the video whicn you are looking at) a reliable source of information?
Evaluation: Do you think (the video which you are looking at now) is reliable? Why?

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Gender Pensions and Income.

https://www.esri.ie/publications/gender-pensions-and-income-in-retirement

1. What are the factors affecting the supply of labour?
2. Why do gender pay gaps exist?
3. What are the implications for society of an underrepresentation of women in the workplace?
4. What can business and government do to close the gap?

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2.4 evaluate how and why the government may use various interventions and incentives, such as taxation and legislation, to influence the price and quantity outcomes in particular markets

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2.4 evaluate how and why the government may use various interventions and incentives, such as taxation and legislation, to influence the price and quantity outcomes in particular markets

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Introduction of carbon tax questions
1. What are carbon emissions
2. What is a carbon levy
3. What is the carbon tax supposed to achieve
4. On what goods/services could it be applied
5. What is happening in other countries
6. Did a carbon levy work in other countries.
7. How effective are the alternatives
8. Would you suggest that carbon tax should be brought in.

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Visualisations - Climate change - Eurostat

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Eurostat is the statistical office of the European Union. Its mission is to provide high quality statistics and data on Europe.

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Learning Outcome 1.3 Identify indicators of inequality.

Gini Coefficient.
n economics, the Gini coefficient, sometimes called Gini index, or Gini ratio, is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, and is the most commonly used measurement of inequality.
Questions:
Do you think that inequality exists is school/at home/in society? (Analysis)

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Questions:
What are the non price determinant's of demand? (lead towards income / preferences)

What effect does an increase in income and increase in preference have on Qd for a good?

(students listen to podcast on Qd rice in Japan)
Evaluate what happens to Qd/Qs of rice in Japan in recent years? Evaluate whether the theory is reflected in reality.

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Questions:
List the factors of productions?
Differentiate between enterprise and labour?
Apply factors of production to a business/situation or stimulus?
Evaluate why money is not a factor of production.

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Learningn Outcome 4.5.3 Financial Sector
*What factors influence the level of interest rates?
*How could a low interest rate effect our economy?
*Evaluate Irelands Interest rate compared to the average in the Euro area.
*Would this affect your decision to get a mortage?

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Learning outcome 2.4.2 and 2.4.3
https://www.esri.ie/system/files/publications/BP202001.pdf
(Pge 6-18)
1. What is a carbon tax?

2.Can you explain how effective the carbon tax is for the Irish Economy?

3. Carry out a  cost/benefit analysis of 3 different compensation packages that the government can offer to households.

4. Which compensation package do you this the most effective and why?

5. What criteria would you use to assess the effectiveness of each package.

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Learning Outcome 5.3 International trade and competitiveness

Questions:
Who does Ireland import most from?
Who does Ireland export most to?
What are our main types of import?
What are our main types of exports?
What are the mostly costly imports?
Why do we import these types of goods?
Belgium? What and why?

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Learning Outcome 4.3 Investigate data patterns to describe the main features and trends in Ireland's labour force

https://www.cso.ie/en/releasesandpublications/er/mue/monthlyunemploymentaugust2019/
Questions:
What is the trend?
What happened after 2007?
How would you react if you became unemployed in 2008?
What would happen if unemployment figures doubled?
Do you think full employment is a good or a bad thing?

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Questions:
Who funds hospitals/schools/defence?
How is it funded?
Why do they fund these items? How do governments use taxes to change consumer behaviour?
Use data to produce a bar chart of Govt Expenditure and Income.
What exactly is the tax used for?
Differentiate between economic and social costs.

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Learning Outcome 3.3 market failure
1. What is a carbon tax?
2. What evidence can you present for a carbon tax to implemented?
3. Explain how carbon is an externality.

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Learning Outcome 4.2
Fiscal and budget framework.

Questions
1) Define progressive and regressive taxation
2) In your own words, state the difference.
3) Give relevant examples
4) Why, in your opinion was carbon tax introduced.
5) What are the economic effects of introducing this tax
6) What criteria would you use to assess its effectivenes ?