Active learning ideas
The Domestic Economy and Government Policy examines the relationship between the Irish state and the business sector. Students analyze how the government acts as an employer, a regulator, and a provider of essential services. This topic is central to understanding the macroeconomic environment in which Irish businesses operate.
Activity 01
The class is divided into 'Government', 'Business Lobbyists', and 'Social Justice Groups'. The Government must present a mini-budget, while the other groups argue for or against specific tax changes or spending increases based on their interests.
How does government expenditure affect local businesses?
Activity 02
Stations are set up for the IDA, Enterprise Ireland, and the LEOs. Students move in groups to identify which agency would help a specific business (e.g., a US tech giant, a local craft maker, or an Irish company wanting to export to China).
What is the impact of inflation on consumer purchasing power?
Activity 03
Students are given a scenario where inflation rises by 5%. They must think of one way this helps a business and one way it hurts it, then share their findings with a partner to create a 'balanced view' summary.
How do state agencies support enterprise in Ireland?
A few notes on teaching this unit
Watch Out for These Misconceptions
The government only helps businesses by giving them grants.
The government also helps by providing infrastructure, education, and a stable legal system. A 'Collaborative Investigation' into the 'National Development Plan' helps students see the broader support network.
Inflation is bad for everyone.
While generally negative, mild inflation can encourage spending and reduce the real value of business debt. Using a 'Winner/Loser' card sort activity helps students see the nuanced effects of economic changes.
Methods used in this brief
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Business Ethics and Social Responsibility
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