Government Policy and Economic Factors in the Irish Property and Construction Sectors
| University | Cork College of FET |
| Subject | Economics |
Final Project (Equivalent to Examination)
Part A: Microeconomics (20 marks)
(b) Discuss the rationale for the Housing strategy, as an illustration/description of the market failure in the Irish housing market. (7 marks)
(ii) Select one of the Pathways set out in ‘Housing for All’ and discuss the economic challenges relevant to the pathway you have chosen. Diagrams may be used to aid your answer. (10 marks)
(iii) Identify a market structure which in your opinion most represents the competitive environment Property Service providers operate in. Briefly outline one reason for your choice. (3 marks)
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Part B: Macroeconomics (20 marks)
“All firms in the industry and in the supply chain responsible for delivering construction and infrastructure projects, need to pay attention to environmental, sustainable, and circular economy imperatives, given Ireland’s target to reduce greenhouse gas emissions by 51% by 2030.”
(i) Considering the statement above, discuss the challenges faced by the Construction Sector in Ireland. (10 marks)
(ii) “Monetary Policy today is facing a new challenge” – Christine Lagarde, President ECB
(a) Define the term ‘monetary policy’.
(b) Discuss how central bank rules & actions impact on the construction industry. (10 marks)
