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Ollscoil na hÉireann, Gaillimh GX_____
National University of Ireland, Galway
Repeat Examinations 200 9 /20 10
Exam Code(s): 2BA1, 2BA6, 3BA12, 2BCW1, 2BFS1, 2BHR1, 2BIS1, 2BTP1, 2BWM1, 1EM1, 1OA1, 1EK Exam(s): 2 nd^ B.A., 2nd^ B.A. (PSP), 2nd^ B.A. (Humanities & Society), 2 nd B.A. (Creative Writing), 2 nd B.A. (Film Studies), 2 nd B.A. (Human Rights), 2 nd B.A. (Irish Studies), 2 nd B.A. (Theatre & Performance), 2nd^ B.A. (Global Women’s Studies), Erasmus, Occasional, H.Dip.Econ.Sc. Modules: Part A: EC215/EC248 Microeconomics Part B: EC225 Economics of the Welfare State Part C: EC207 Irish Economic History External Examiner(s) Professor Robert Wright Professor Cillian Ryan Internal Examiner(s) Professor^ John McHale Ms. Eithne Murphy Professor Eamon O’Shea Professor Thomas A.Boylan Instructions: 2BA1, 3BA12, 2BCW1, 2BFS1, 2BHR1, 2BIS1, 2BTP1, 2BWM1, 1EM1, 1OA1, 1EK2 students should answer Part A: Microeconomics and either Part B: Economics of the Welfare State or Part C: Irish Economic History. 2 BA6 students should answer Part A: Microeconomics and Part B: Economics of the Welfare State. Students are advised to allocate 2 hours to Part A and 1 hour to Parts B or C as appropriate. Students are asked to read carefully the instructions within each part.
Please use separate answer books for each part.
Duration 3 hours No. of Pages 8 pages in total Department(s) Economics Course Co-ordinator(s) Requirements: E. Murphy, E. O’Shea, T.A. Boylan 3 answer books
PART A: EC215/EC248 Microeconomics
Ollscoil na hÉireann, Gaillimh GX_____
National University of Ireland, Galway
Repeat Examinations 2009/ Exam Code(s) 2BA1, 2BA6, 3BA12, 2BCW1, 2BFS1, 2BHR1, 2BIS1, 2BTP1, 2BWM1, 1EM1, 1OA1, 1EK Exam(s) 2 nd^ B.A., 2nd^ B.A. (PSP), 2nd^ B.A. (Humanities & Society), 2 nd B.A. (Creative Writing), 2 nd B.A. (Film Studies), 2 nd B.A. (Human Rights), 2 nd B.A. (Irish Studies), 2 nd B.A. (Theatre & Performance), 2nd^ B.A. (Global Women’s Studies), Erasmus, Occasional, H.Dip.Econ.Sc. Module Code(s) EC215/EC24 8 Module(s) Microeconomics Paper No. 1 Repeat Paper External Examiner(s) Professor Robert Wright Internal Examiner(s) Professor John McHale Ms. Eithne Murphy Instructions: Answer 3 questions Duration 2 hrs. No. of Pages This page + 2 Department(s) Economics Course Co-ordinator(s) Eithne Murphy Requirements : MCQ Handout Statistical Tables Graph Paper Log Graph Paper Other Material
4b Welfare theories in economics are all based on subjective notions of individual wellbeing. What are the limitations of subjective theories from (i) a social policy perspective and (ii) as a guide to individual and societal welfare? (15 marks) 5a In what way did Thorsten Veblen, Pierre Bourdieu and John Kenneth Galbraith challenge the notion of consumer sovereignty? (20 marks) 5b If preferences are exogenous, what can we say about the presumed impact of economic growth on the wellbeing of citizens? If preferences are not exogenous, how would you answer the latter question? (5marks) 5c Explain the difference between the neoclassical view that consumers optimise and an alternative view that much behaviour is habitual. What are the policy implications of both approaches? (5marks)
PART B
EC225 Economics of the Welfare State
Ollscoil na hÉireann, Gaillimh GX_____
National University of Ireland, Galway
Repeat Examinations 2009/
Exam Code(s) 2BA1, 2BA6, , 3BA12, 2BCW1, 2BFS1, 2BHR1, 2BIS1, 2BTP1, 2BWM1, 1EK2, 1EM1, 1OA Exam(s)^2 nd (^) B.A., 2nd (^) B.A. (PSP), H.Dip.Econ.Sc., B.A. (Humanities & Society), B.A. (Creative Writing), B.A. Film Studies, B.A. (Human Rights), B.A. (Irish Studies), B.A. (Theatre & Performance), B.A. (Global Women’s Studies) Erasmus, Occasional Module Code(s) EC Module(s) Economics of the Welfare State Paper No. Repeat Paper Repeat External Examiner(s) Professor Cillian Ryan Internal Examiner(s) Professor John McHale Professor Eamon O’Shea Instructions: Answer ONE question from Section 1 and ONE question from Section 2. All questions carry equal marks. Duration 1 hr. No. of Pages This page + 1 Department(s) Economics Course Co-ordinator(s) Eamon O’Shea Requirements : MCQ Handout Statistical Tables Graph Paper Log Graph Paper Other Material
PART C
EC207 Irish Economic History
Ollscoil na hÉireann, Gaillimh GX_____
National University of Ireland, Galway
Repeat Examinations 2009/
Exam Code(s) 2BA1, 3BA12, 2BCW1, 2BFS1, 2BHR1, 2BIS1, 2BTP1, 2BWM1, 1EM1, 1OA1, 1EK Exam(s) 2 nd^ B.A., 2nd^ B.A. (Humanities & Society), 2nd^ B.A. (Film Studies), 2nd^ B.A. (Human Rights), 2nd^ B.A. (Irish Studies), 2 nd^ B.A. (Theatre & Performance), 2nd^ B.A. (Global Women’s Studies), Erasmus, Occasional, H.Dip.Econ.Sc. Module Code(s) EC Module(s) Irish Economic History Paper No. 1 Repeat Paper External Examiner(s) Professor Cillian Ryan Internal Examiner(s) Professor John McHale Professor Thomas A. Boylan Instructions: Please answer TWO questions. All questions carry equal marks. Duration 1 hr. No. of Pages This page + 1 Department(s) Economics Course Co-ordinator(s) T. Boylan Requirements : MCQ Handout Statistical Tables Graph Paper Log Graph Paper Other Material
EC207 Irish Economic History Please answer TWO questions.
- With respect to the first ten years of the Irish Free State, it has been noted that: “the aims of economic policy have never since been so clearly defined, nor its methods so exactly adapted to those aims, as in the first ten years of the State when priority was given to the encouragement of agriculture” (Meenan 1970). Discuss.
- What factors contributed to the change in economic policy post-1932, to a strategy of import substitution industrialisation (ISI). What are the economic limitations of import substitution as a strategy for long-term development?
- It has been argued that Ireland persisted far too long a period with the strategy of import-substitution. What, in your estimation, were the long-term consequences of the extended period of import-substitution that can be gleaned from the Irish experience?
- “The abandonment of import-substitution industrialisation in post-War Ireland was due to a combination of internal critique and major external developments particularly with respect to new developments in Europe.” Critically evaluate this assessment.
- The move to an export-led strategy of long-term economic development was well articulated in T.K. Whitaker’s Economic Development , and in particular his arguments in favour of attracting foreign direct investment (FDI) to complement indigenous industrial development. What were his principal arguments in favour of foreign direct investment?
