Discuss What is meant by Fiscal Policy and Its relevance to the Property: Economics for Property Services Assignment, NUS,, Singapore

Assignment Brief:

A. (i) Discuss what is meant by Fiscal policy and its relevance to the property market.

(ii) Identify four measures in Budget 2020 which are relevant to the performance of the property market. Provide a brief reason for each measure.

(iii) Explain the likely impact of each of these on the Irish property market (as relevant).

B. The following three sub-sections ask you to write an account of the estimated performance of the Irish Economy (across a range of economic indicators) in 2019 and the forecast for 2020, and prospects for the residential property market in 2020. Please use relevant published sources and provide references for the same.

(i) Select and explain four economic indicators, stating their recent performance (2019).

(ii) Write a short note concerning the forecast for the Irish Economy in 2020.

(iii) Write a commentary with a reasoned evidenced-based forecast for the Irish residential property market (sales & letting) in 2020.

C. Select one macro-economic variable (inflation, employment/ unemployment, international trade) and demonstrate its relevance to the construction sector in Ireland.

(i) Describe the macroeconomic variable

(ii) Comment on the trends of the performance of this indicator

(iii) Explain its relevance to the construction sector in Ireland.