Demographics and the labor market are the engines of economic activity. This topic analyzes Ireland's changing population, including the challenges of an aging society and the economic impact of migration. Students explore how these trends affect government spending on healthcare and pensions, as well as the 'dependency ratio.'
NCCA Curriculum SpecificationsLeaving Certificate Economics LO 2.1Leaving Certificate Economics LO 5.6
Groups use CSO (Central Statistics Office) data to project Ireland's population in 2050. They must identify three major economic challenges this will create for the government and propose one policy solution.
How does an aging population impact government expenditure on healthcare and pensions?
Students discuss the pros and cons of working for an app-based delivery or ride-sharing service. They compare the 'flexibility' for the worker against the 'lack of security' and share their views on whether these workers should have more rights.
What are the economic benefits and challenges of inward migration?
A simulation of a meeting between a trade union and a business owner. Students must negotiate a wage increase, considering inflation, company profits, and the current national minimum wage.
How is the gig economy changing the Irish labour market?
In a healthy economy, immigrants often fill labor shortages and increase overall demand, creating *more* jobs. A 'labor market simulation' where new 'workers' enter the room and increase 'production' helps visualize this positive-sum game.
The 'dependency ratio' only refers to children.
It also includes the retired population. A 'population pyramid' drawing activity helps students see how an aging population increases the burden on the working-age group just as much as a high birth rate does.