Economics

 

Economics at NUI Galway provides a flourishing and diverse academic environment which integrates teaching and research, theory and empirical applications, in a policy-oriented and interdisciplinary way. There are approximately 1,800 undergraduate students of economics across several colleges, but mainly in the College of Business, Public Policy, and Law and in the College of Arts, Celtic Studies, and Social Sciences.

 

Enquiries to economics@nuigalway.ie


Forthcoming events


Fri 27th Mar 2015 2.00 PM CA111 Lecture Hall 1
Economics seminar Leading Manufacturing Employers in the Irish Free State of the 1920s:  A Firm-Level Perspective on Irish History
Frank Barry TCD

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NUI Galway launches the Health and Wellbeing Survey

NUI Galway launches the Health and Wellbeing Survey-image

Friday, 13 March 2015

NUI Galway launches the Health and Wellbeing Survey Led by Professor Ciaran O’Neill, a group of researchers based at NUI Galway’s School of Business and Economics have been funded by the Health Research Board to undertake research aimed at improving our understanding of a number of health-related issues, including healthcare costs and service quality. Health and Wellbeing Survey One of our studies, the Health and Wellbeing Survey, seeks to establish the preferences of Irish people for different health states relative to each other: what matters most to Irish people? Every day, decisions are being made on how to best use our limited healthcare resources. This study is being carried out to provide better information on which these decisions can be based. Members of the general public in Ireland are being asked to help with this study. Our researchers are currently visiting randomly selected households across the country, inviting members of the public to contribute their opinions to this important work by taking part in our Health and Wellbeing Survey – we want to find out the different views of Irish people regarding health and illness. What is the aim of the survey? This survey aims to establish how Irish people compare health states that impact on different domains or areas of health.  We are interested in five domains of health: mobility, self-care, pain, anxiety and the ability to undertake usual activities (work, study, housework, pastimes, etc.). A health state describes how an individual experiences life, in and across these different domains. So, for example, a health state might be described with phrases like No problems walking about and Slight problems with performing my usual activities – and so on. Will this research lead to any change in our healthcare system? From this study, we hope that a clearer understanding of the preferences of Irish people for different health states relative to each other will emerge and also that we establish a better picture of what factors underlie differences in these valuations between people. From the information we collect in the survey, we aim to generate preference weights that will be available to those undertaking evaluations of new technologies, so that decisions made will reflect Irish-specific preferences for different health states. When considering whether to adopt a new technology, including new drugs, policy makers weigh up the costs and benefits of new technologies relative to those, for example, in current use. Benefits in evaluations of this type are generally expressed in terms of the impact the new technology has on health. As different technologies may have very specific effects we need common points of comparison – such as the impact of the new technology on mobility, self-care, pain etc. – to evaluate different technologies relative to each other. This survey we are undertaking will allow us to make such comparisons, based on the views we have collected from Irish people. It will also allow us to explore how these preferences compare with results from similar exercises undertaken in other countries, for example in the UK, China, Indonesia, Poland, Denmark and Italy. This will allow us to establish if preferences for different health states are different in different countries, and if so why this might be the case: might it be to do with cultural differences in how for example dependence is viewed, or perhaps might it depend on what supports are available in different countries to people impacted by ill-health in different ways? Taking part in the Health and Wellbeing Survey If your house is one of those randomly chosen, we will be delighted if you take time to complete the Health and Wellbeing Survey. Our research team Three of our research team are currently conducting the survey: 2015-03-Research Team For more information, please email: hwbsurvey@nuigalway.ie or call 091 492866

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Masters in international finance students win-- again!

Masters in international finance students win-- again!-image

Friday, 6 March 2015

In front of a panel of leading financial services professionals, a student team from NUI Galway retained the prestigious CFA Society Ireland 'Global Investment Research Challenge' title. Having won the competition in 2014 analysing Ryanair, this year's team took home the trophy with their analysis of Kingspan. The Challenge offers students a unique hands-on opportunity to learn stock market research and analysis skills from industry experts and to compete with peers from the world’s top finance programmes. The NUI Galway team comprised four students from the M.Econ.Sc. International Finance degree and one B.Comm. student. They saw off competition from University College Cork, University College Dublin, Trinity College Dublin and Queens University Belfast. The NUI Galway team now proceeds to the European Middle-East Africa (EMEA) finals in Amsterdam in early April.   For more information on the M.Econ.Sc. International Finance Programme see here.

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Agricultural economics and policy course to help future of Irish food

Agricultural economics and policy course to help future of Irish food-image

Tuesday, 3 March 2015

In an article in the Irish Examiner of Tuesday, 24th February 2015, Joe Dermody writes about the Agricultural Economics and Policy course offered as part of the M.Econ.Sc. Natural Resource Economics and Policy programme at NUI Galway; and the participation of both NUI Galway and Teagasc economists in its delivery to provide an opportunity for the students to see how agricultural economists use the economic tools to answer real world agricultural policy questions.   He writes: Agri-economic studies can help underpin the sustainability of Irish food production, say the creators of a new course at NUI Galway. The Agricultural Economics and Policy course, offered as part of the Natural Resource Economics and Policy Masters, is designed to develop the analytical modelling skills of economics graduates for employment in private and public sector enterprises concerned with the environment, agriculture, food, fisheries, and other marine resources. The course will be delivered jointly by NUI Galway and Teagasc economists. Lecturers will include Teagasc economists Thia Hennessy, Trevor Donnellan, and Kevin Hanrahan of the Athenry-based Rural Economy and Development Programme. Course director Stephen Hynes of NUI Galway said: “Given that agriculture and food is a key element in the Irish economy and natural resource management is vital for the continued development of the sector it is important that we have students coming through with the tools to analyse the impact of policy and impact of possible environmental changes on the sector. “The participation of the Teagasc economists in the delivery of the course is a great opportunity for the students to see how agricultural economists use the economic tools, learnt during the course, to answer real world agricultural policy questions.” The new course analyses how public policy relates to Irish agriculture, climate change policy, CAP reform, and global economic impacts. The Masters course begins again in September with application due by end of June. For more information the M.Econ.Sc. Natural Resource Economics & Policy Programme see here See media coverage of this article (Irish Examiner)

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Alan Ahearne to chair ESRI/Department of Finance research group

Alan Ahearne to chair ESRI/Department of Finance research group-image

Wednesday, 4 February 2015

Professor Alan Ahearne, Head of Economics at NUI Galway, has been appointed Chairman of the steering committee governing the newly launched Economic and Social Research Institute (ESRI) and Department of Finance Joint Research Programme on the Macro-economy and Taxation. Under the programme – the objective of which is to undertake and disseminate research on various macroeconomic and taxation issues in Ireland - researchers from the ESRI will work alongside officials from the Department of Finance on various research projects.  The programme will run for two years. Research topics are likely to include:  research on aspects of the OECD’s base erosion and profit shifting initiative; analysis of FDI spillover effects; research on UK-Ireland macroeconomic links in the context of joint membership of the EU; analysis of petrol and diesel markets in Ireland; and macroeconomic and tax modelling.  All research will be published. The joint collaboration between the Department and the ESRI was announced by the Minister for Finance at the Department’s conference on International Taxation and Economic Growth last October. Further details of the programme are available here.

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Vacancy for Research Assistant in Health Economics

Vacancy for Research Assistant in Health Economics-image

Friday, 16 January 2015

Research Assistant in Health Economics  We have been asked to prepare a cost of illness study for a particular illness in Ireland.  The objectives of the study are Estimate the full direct costs of the illness for the Irish health care system, including the cost of diagnosis, treatment and the associated complications.  Direct costs will include any screening or testing treatment and management, including primary care, secondary care, drugs, etc., as well as any complications Estimate the societal costs of the illness in Ireland in relation to the loss of productivity as a result of increased mortality and morbidity associated with the illness as well as any costs associated with carers. The work will include Literature search and review; Identification and assessment of the available data sources; Model the costs including estimates of future cost burden.  The project will take 12 weeks and the gross pay will be €450 per week.  If you are interested please email a CV to Brendan Kennelly (brendan.kennelly@nuigalway.ie) by 5 p.m. on Monday, January 19th. Interviews will be held at NUI Galway on January 23rd.

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Economics timetables for Semester II

Economics timetables for Semester II-image

Thursday, 8 January 2015

Timetables for Semester II 2014/15 i.e., beginning 12th January 2015, are now online: View timetables Note that in particular, the 3BA1 (Economics) timetables  have been revised from versions made available last September, and that these changes carry through to 4BA1 etc. However, there are no changes to earlier versions of the timetables for 1BA1 (Economics) and 2BA1 (Economics). There have also been some revisions to timetables for  taught postgrad programmes, i.e. for: M.Econ.Sc. Economic Policy Evaluation & Planning - Year 2 (part-time) M.Sc. Health Economics - Year 1 (part-time) M.Sc. Health Economics (full-time) M.Econ.Sc. Natural Resource Economics & Policy M.Econ.Sc. International Finance H.Dip.Econ.Sc. Stream A H.Dip.Econ.Sc. Stream B For details, see: Timetables and other current student information. Enquiries to economics@nuigalway.ie

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New book: "The Economics of Disability - Insights from Irish Research"

New book:

Wednesday, 26 November 2014

A new book,  "The Economics of Disability - Insights from Irish Research", co-edited by Dr. John Cullinan of Economics at NUI Galway, and published by Manchester University Press, brings together research relating to the economics of disability in Ireland. It addresses a range of issues of relevance to the economic circumstances of people with disabilities, considering topics such as social inclusion, poverty, the labour market, living standards and public policy. It also considers issues of specific relevance to children, working-age adults and older people with disabilities, providing important evidence that can help improve disability policies, services and supports. Each chapter presents a clear and relatively non-technical treatment of the specific topic under consideration, making it accessible to a greater number of interested readers. In doing so, it provides an important addition to our knowledge and understanding of the economics of disability and will serve as a useful and up-to-date resource for a range of interested parties both in Ireland and internationally.  More details here

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Pricing healthcare conference at NUI Galway

Pricing healthcare conference at NUI Galway-image

Wednesday, 26 November 2014

The Health Economics and Policy Analysis research group at NUI Galway organised a very successful conference on ‘Pricing Healthcare: The role of health economics evaluation in the emerging healthcare landscape in Ireland’ in the Aula Maxima on November 4, 2014. In any healthcare system dominated by public expenditure a critical question arises as to what healthcare should be provided. There are a host of competing demands across disease areas, across care levels, across population groups and across social classes. All of them have strong arguments that the particular intervention that they advocate should be funded. But resources are limited so the question arises as to how should a society decide on which particular elements of healthcare should be prioritized? This was the key question addressed at the conference which was jointly organised with Novartis one of the world’s leading pharmaceutical companies. The conference featured presentations from leading health economists in the UK and Ireland as well as contributions from the main stakeholders in the healthcare sector such as the pharmaceutical industry, clinicians, and private health insurance companies. The conference was also addressed by representatives from the key decision making agencies in Ireland in this area such as the Health Information and Quality Authority (HIQA) and the National Centre for Pharmaeconomics (NCPE). The Health Economics and Policy Analysis research group, which comprises about twenty academics, researchers and PhD students, conducts a wide range of research and has particular expertise in disease areas such as dementia, cancer, diabetes, stroke and mental health. The group works closely with clinical researchers in the School of Medicine at NUI Galway and elsewhere and with leading health economists around the world. For more information about the conference please contact Brendan Kennelly at brendan.kennelly@nuigalway.ie. Health Economics and Policy Analysis Group  

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Economics at NUI Galway has a key role in major new SFI research centre

Economics at NUI Galway has a key role in major new SFI research centre -image

Wednesday, 29 October 2014

Professor Ciaran O’Neill and Paddy Gillespie of Economics at NUI Galway will play a key role in the development of a new Science Foundation Ireland (SFI) research centre at NUI Galway. The Centre for Research in Medical Devices (CÚRAM) at NUI Galway is of one of five major new national research centres that will be established by a major investment by the Government in scientific research that is closely aligned to industry and enterprise needs, job opportunities and societal goals. A total of €155 million of Irish exchequer funding will be invested in the new world class research centres of scale. The new funding will be delivered through SFI’s Research Centres Programme coupled with over €90 million in contributions from industry partners. The prime objective for CÚRAM, which will be developed under the leadership of Lead Principal Investigator Professor Abhay Pandit and Co-Principal Investigators Professor Tim O’Brien, Professor David Brayden and Professor Lokesh Joshi, will be to improve health outcomes for patients by developing innovative implantable medical devices to treat major unmet medical needs. Professor Ciaran O’Neill and Paddy Gillespie of Economics at NUI Galway will lead the health economic component of the centre’s research output. In particular, the health economic analysis will: “Develop and apply valid cost effectiveness models for emerging medical devices in the Irish healthcare sector and internationally”. To this end, in the near future the Health Economics and Policy Analysis group at NUI Galway will be seeking to hire a postdoctoral researcher in the area of economic evaluation of medical device technology. Read more about: The Heallth Economics and Policy Analysis group at NUI Galway NUI Galway's participation in €245m investment in new  SFI research centres

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European Commission highlight work by SEMRU

European Commission highlight work by SEMRU-image

Monday, 20 October 2014

The work of researchers in SEMRU (the Socio-Economic Marine Research Unit) at NUI Galway has been highlighted in the latest (October 2014) issue of Science for Environment Policy, published by the European Commission’s Directorate-General Environment. This regular publication provides a comprehensive look at the latest science policy topics, and is designed to “help policymakers keep up-to-date with the latest environmental research findings needed to design, implement and regulate effective policies”. The summary report on the SEMRU research can be downloaded here.    

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Head of Economics

Prof Alan Ahearne

Contact Economics

t:+353 91 492501/492177

e: economics@nuigalway.ie