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Modules

Modules

ECO1005 : Economic Applications and Data Analysis

Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

Semester 1
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.

Semester 2
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

Semester 1

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
Urban Regeneration

Semester 2

Graphical analysis
Correlation
Simple regression
Interpretation
An introduction to Stata

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion115:0015:00Group project
Guided Independent StudyAssessment preparation and completion115:0015:00Essay
Scheduled Learning And Teaching ActivitiesLecture281:0028:00N/A
Guided Independent StudyAssessment preparation and completion134:0034:00Exam preparation
Guided Independent StudyDirected research and reading150:0050:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching41:004:00N/A
Scheduled Learning And Teaching ActivitiesWorkshops51:005:00Computer sessions
Guided Independent StudyIndependent study149:0049:00N/A
Total200:00
Jointly Taught With
Code Title
ECO1007Statistical Methods for Economics
ECO1018Economic Applications
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.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination601A25N/A
Written Examination602A25N/A
Other Assessment
Description Semester When Set Percentage Comment
Essay1M252000 word essay
Report1M252000 word group report
Assessment Rationale And Relationship

N/A

Reading Lists

Timetable