Archive for the 'Economics' Category

Bank of Ireland Bond Trader Challenge

On Tuesday the 15th of March, Fifth and Sixth Year students took part in the Bond Trader Challenge run by the Bank of Ireland in the Harlequin Hotel. The evening began with an overview of markets and trading. Students then took part in the Bond Trader Challenge, responding to real market scenarios and making decisions on how to manage their own bond portfolio.

JC & LC Christmas Exam Timetables

Timetables for the 3rd & 6th Year Christmas Exams are now available.

JC Christmas Exam Timetable 2014

LC Christmas Exam Timetable 2014

Employment rose to 1.9m by end of June – CSO

The number of people working in the State had increased to 1.9 million by the end of June, according to figures from the Central Statistics Office, the highest level of employment since 2009.

The number of people at work increased by 31,600 over the year to June, bringing total employment in the country to 1,901,600.

Seasonally adjusted unemployment fell 46,000 to 254,500 – an unemployment rate of 11.5%. This is down from 12% in the previous quarter.

Meanwhile, the total number of emigrants has fallen to 81,900, while 60,600 moved into the State.

As a result, the total population has grown by 16,700 to stand at 4.6 million, according to the CSO.

Merrion’s chief economist, Alan McQuaid, described the figures as positive, but pointed out that they weren’t as strong as in recent quarters.

Emigration, he said, had been a contributory factor in bringing down the unemployment numbers but judging by the latest figures, there is more to the drop in unemployment than just that.

“Although the recovery path for the labour market won’t entirely be smooth, we do think that the numbers at work will rise and the level of unemployment will continue to fall over the rest of 2014,” Alan McQuaid said.

“We are looking for a net increase in employment of around 36,000 this year. Furthermore, it does now appear as though the jobless rate has peaked, and we are looking for it to fall back to 11.4% on average this year from 13.1% in 2013, which itself was the lowest level since 2009,” he added.

He concluded that there was a possibility that the unemployment rate could drop below 11% by the end of the year.

The association representing small and medium sized businesses, ISME, warned that jobs will not be created if business costs continue to increase and wage levels are being driven up by ‘unrealistic demands.’

The association called for greater emphasis on cost controls in order to maintain competitiveness.

Dermot O’Leary, chief economist at Goodbody Stockbrokers described the recovery in the labour market as impressive and more broad-based than before.

However, he pointed to significant differences across generations and geographies.

“Youth unemployment, those between 15 and 24, stands at 26.9%, down from 29.6% in the same three month period last year. That compares to a rate below 10% for those over 35.”

“From a geographical perspective, the unemployment rate is lowest in Dublin, where it came in at 10%, but stands at over 14% in the South East of the country,” he added.

Philip O’Sullivan, chief economist at Investec said the figures pointed to positive momentum in the labour market, but there was a persistent ‘tail’ of issues.

“While a rising population and decline in net outward migration have positive implications for some areas of the economy, we do note a number of troubling trends, such as persistent large outflows in the 15-44 age group while the profile of those migrating suggests that there are a number of skills mismatches in Ireland,” he concluded.

Davy economist David McNamara said the figures provided further evidence that the labour market continued to improve in the second quarter, driven by the recovery in services and the construction sector.

“We expect unemployment to fall to 11% on average in 2014 and to 9.6% in 2015,” he said.

Summer Exam Timetables

Timetables for 2nd & 5th Year Summer Examinations:

2nd Year Summer Exams

5th Year Summer Exams

Best of luck in your exams!!!

TY Mini Company

TY Mini CompanyOn the 30th of November last, the students in the SGC TY Mini Company ran a stall at the Castlebar Christmas Market in the Breaffy House Events Arena.

In the run up to the event, students made handcrafted products during school time in the hope of selling them to customers on the day. A lot of time, effort and commitment was shown by all students in the class in the days and weeks leading up to the event. Christmas Cribs, Logs, Cards and Festive Treats were made during class time and also after school. The Advertising and Marketing Team of Darragh Judge, Maitiu McCormack, Ryan Gibbons, Cian Mitchell and David Conlon did a great job of making posters and collecting spot prizes from many generous businesses around the town for use in conjuction with the Lucky Dip competition that the company were hoping to run at the market.

The Friday evening before the event we set up the stall with all of our products from 6-8:30pm. On Saturday the 30th of November Students from the company arrived in Breaffy House at 10am to put the finishing touches to the stall in the hope of a busy day ahead. Large crowds entered the arena from as early as 10am in to see what bargains they could find. Our finely crafted products attracted much interest throughout the day which rewarded our hard work and effort. The Lucky Dip Competition was very popular with the customers with some people even entering twice! As the day drew to an end it became clearly evident that the stall at the Castlebar Christmas Market was a huge success for the students of the TY Mini Company.

We would like to thank our TY Mini Company Co-ordinator Ms.Flynn, Principal Mr.Hyland, Deputy Principal  Mr.Hannon, TY Co-ordinator Mr. Kelleher and everyone else who made our Christmas Market a great triumph!


TY Mini Company 2



TY Mini Company



TY Mini Company

Unemployment figures on the way down

See link from Irish independent ( figures released from CSO).


€125m Fund for medium-sized businesses

Good news for what Richard Bruton calls ‘the back-bone’ of Ireland…..check out the following article to stay up to date with your business news.

Today’s Newspaper Links

Check out the following articles today for all Business and Economic students who want to stay up to date.

Article 1.  Bailout Future

Article 2.  Aer Lingus Industrial Relations

Budget 2013

Here is the Minister for Finance’s speech to the Daíl today:


This wordle shows what Budget 2013 was all about.

Want a quick summary of today’s Budget? Have a look at this infographic from the

The EU and the Euro

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Email: sgcbusiness [at] stgeraldscollege [dot] com

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