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National University of Ireland, Galway
Winter Examinations 1999/2000
SAMPLE PAPER
EC301 Irish Economy
Final B. Comm, B.Comm with languages, Final B.A., B.A
(International), visiting students
Prof. Michael Cuddy
Prof. Frank Stephen
Dr Aidan Kane
Please answer no more than one question from Section A and one
question from Section B.
The question from Section A accounts for 80 marks and the question from
Section B accounts for 40 marks.
You should allocate your time (120
minutes) proportionately.
Time allowed: TWO hours
Section A
(Answer one)
- The Irish economy has grown rapidly in recent years. Do any
particular economic models or any other considerations suggest whether
or not this is suprising? Taking into account such economic models,
is such rapid growth in Ireland likely to continue?
- What are the economic roles of basic science in a small open
economy such as that of Ireland? Comment on any implications this may
have for the conduct of public policy towards innovation.
- What main economic arguments might be used to decide the extent to which
the state might fund education. Is Irish public policy in this
respect consistent with these arguments?
- What particular distinctive features of the state, and of the
nature of government failures, might public financial procedures be
designed to take into account? To what extent do Irish public
financial procedures/institutions measure up to their theoretical roles?
Section B
(Answer one)
- Identify, justify and discuss two key policy priorities for
Irish economic policy makers over the medium term.
- Is the language of welfare economics and public choice a useful
guide in organising our understanding of Irish public policy? Cite
examples where appropriate.
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