1. The financial crisis exposed the shortcomings of the stability and growth pact. set out any two of these shortcomings.
2. Write a detailed note on the debt/GDP measure.
3. Does the debt by Governments create a burden? set out your understanding of this issue
4. Using an example illustrates the tension between equity and efficiency.
5. Critically assess the contribution that “Why Nations Fail” Acemoglu and Robinson make to our understanding of the growth pattern of different nations
6. Set out the rationale and operation of the Stability and Growth Pact (SGP) as originally conceived in 1997
7. The 2008 financial crisis exposed the shortcomings of the SGP, Describe any two reforms implemented since then. assess both reforms in delivering better fiscal discipline in the Irish context.
8.. What can we learn from “Why Nations Fail” by Acemoglu and Robinson in relation to the performance of the Irish Economy since the millennium
9. Information can be classified as an experience good. Explain what this means and describe the impact this has on the market for information goods.
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