ECO1005 : Economic Applications and Data Analysis
- Offered for Year: 2017/18
- Module Leader(s): Professor John Wildman
- Demonstrator: Mr Martin Enilov, Dr Melanie Parravano Baro
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
|Semester 1 Credit Value:||10|
|Semester 2 Credit Value:||10|
To develop an understanding of the main economic issues of current concern in the UK, how economists approach them, and what options policy makers have to deal with them.
To deepen the understanding of economic theories by applying them to questions of current interest.
To develop an understanding of the current situation and historic development of the British Economy.
To develop an understanding of estimation and inference as a foundation for applied economics.
This module is an introduction to statistics and data manipulation for economists and disciplines related to economics. The course considers the basics of data analysis, how do we explore and analyse data. We use a variety of statistical methods to investigate and interpret real world data. The module will also include an introduction to analytical software.
Outline Of Syllabus
Applications accessible with the tools learned in first year with an emphasis on rational choice and with a preference for topics of current economic/political relevance, Topics will be drawn from the following broad fields (this list is representative of the types of topics, it is not a definitive list):
Demographic Change and fertility
Labour Markets & Human Capital, education
Industrial Structure, Productivity and Trade
Competition and Control
Globalisation; inward and outward UK foreign direct investment
Nationalisation, Privatisation and Regulation
Taxation, Government Spending and Borrowing
The Welfare State and Redistribution Policy
The Economic impact of the devolution in the UK
The Monetary and Financial System
Unemployment and inflation in the UK
UK Transport Policy
Environmental Protection and Sustainable Development
An introduction to Stata
|Scheduled Learning And Teaching Activities||Lecture||28||1:00||28:00||N/A|
|Guided Independent Study||Assessment preparation and completion||1||34:00||34:00||Exam preparation|
|Guided Independent Study||Assessment preparation and completion||1||15:00||15:00||Group project|
|Guided Independent Study||Assessment preparation and completion||1||15:00||15:00||Essay|
|Guided Independent Study||Directed research and reading||1||50:00||50:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||4||1:00||4:00||N/A|
|Scheduled Learning And Teaching Activities||Workshops||5||1:00||5:00||Computer sessions|
|Guided Independent Study||Independent study||1||49:00||49:00||N/A|
Jointly Taught With
|ECO1007||Statistical Methods for Economics|
Teaching Rationale And Relationship
Lectures are intended to provide a broad overview of the main features of the topics. They will also be used to demonstrate how to approach applied problems using economic theory and statistical. Seminars allow students to apply these techniques thus practising their problem-solving and analytical skills. Computer labs will provide students with practical experience and training in the use of statistical software.
The format of resits will be determined by the Board of Examiners
|Essay||1||M||25||2000 word essay|
|Report||1||M||25||2000 word group report|
Assessment Rationale And Relationship