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5th Year Resources

Urban Skyline
Introduction to Economics

In this section you will learn your first key concepts in Economics: Demand, Supply and Scarcity. When we bring these elements together we begin to see how you can't always get what you want and why.

Happy Puppy
The Consumer and Utility

To make economics work we have to make some agreements on how we view the world. These are known as assumptions. One of the assumptions is that we would all like to be as happy as this puppy.

Sale
Demand, Supply and Equilibrium

This topic is fundamental to the study of economics. It underpins the core values of the subject exploring the theories that lie at the heart of the subject itself - Demand and Supply.

Rainbow Stripes
Elasticity

This topic takes the core ideas learned in the previous topic and expands them further. We know that changes in prices will causes changes in quantity demanded and quantity supplied of goods and services but elasticity asks the question - by how much do they change?  

Getting Coffee
Employment/
Unemployment

In this topic we will explore another key macroeconomic indicator: employment/unemployment. It will consider the measures, causes, effects and solutions of unemployment. Employment is essential for the long run stable growth of an economy.

Donation Jar
Money and Banking/ Monetary Policy

Economics works with or without money but it is hard to imagine how a modern economy would function without it. This topic considers money's origin and its development into its current format. This topic also considers our second macroeconomic policy instrument: monetary policy which is controlled on our behalf by the ECB.

Antique Cash Register
National Income

This is our first foray into the world of Macroeconomics. (All Macroeconomic topics have blue "read more" buttons.) We will consider income not on an individual level but on a national level to find out how much people in Ireland produce, earn and spend. This will help us analyse a country's economic growth. 

Scales of Justice
Government Objectives

This topic considers the various aims and objectives of the Irish government. Some of these we will already be familiar with as we have already encountered them as economic indicators namely: economic growth, inflation and unemployment. 

Ring of Light Bulbs
Economics Thinkers
Image by Tim Mossholder

Much like the Marvel movie franchise has done with all its superheroes this topic gives the origin story for our economic concepts by linking them back to the economists who created them.

Beauty of Flight
Inflation

In this topic we will explore the measures, causes, effects and solutions of inflation. Inflation is not as strict as concept as a lot of people think. It doesn't mean that the price of everything is increasing. What it means is that the general price level of the most important goods and services is increasing. 

government office
Fiscal Policy

In the previous topic we considered the main economic aims and objectives of the government. In this topic we will go one step further and consider the policy instruments that are available to the government if they hope to achieve these objectives.

Stock Market Down
Tradingeconomics.com 

tradingeconomics.com is your go to website for the most up to date economics statistics. This should be the last website you see before entering your exam. Make sure you know the most up-to-date figures for Economic Growth, Inflation, Unemployment, Debt-to-GDP Ratio and our interest rate.

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