ECO1118 : Economic Applications
ECO1118 : Economic Applications
- Offered for Year: 2024/25
- Module Leader(s): Dr Melanie Parravano Baro
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 5 |
| Semester 2 Credit Value: | 5 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Pre Requisite Comment
N/A
Co-Requisite
Modules you need to take at the same time
| Code | Title |
|---|---|
| ECO1100 | Economic Analysis |
Co Requisite Comment
ECO1100 teaches the theories that should be applied on this course.
Aims
To develop in students an appreciation of the usefulness of basic economic principles in a variety of applied contexts.
To deepen students’ understanding of economic theories by applying them to questions of current interest.
To develop in students an understanding of current economic issues, how economists approach them, and what options policy makers have to deal with them.
Outline Of Syllabus
Applications of economic theories with an emphasis on rational choice and with a preference for topics of current economic/political relevance.
Topics for the applications will be drawn from various subfields such as:
• Demographic Change
• Labour Markets
• Health, Education and Welfare
• Industrial Structure, Productivity and Trade
• Competition and Control
• Taxation, Government Spending and Borrowing
• Banking and Finance
• Consumer Behaviour
Learning Outcomes
Intended Knowledge Outcomes
On successful completion of the module, it is expected that students emerge with an appreciation of how economists approach problems. They should learn to apply theoretical concepts to real-world problems and through this gain an understanding of the complex nature of a modern economy and of the difficult choices faced by policy makers.
Intended Skill Outcomes
On successful completion of the module, it is expected that students will be able to:
- Apply key economic concepts and reasoning to analyse current economic issues;
- Communicate in oral and written format using discipline-specific language;
- Use relevant sources of economic information and data.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 32:00 | 32:00 | Preperation & completion of 2000 word essay |
| Scheduled Learning And Teaching Activities | Lecture | 12 | 1:00 | 12:00 | PiP. Alternative delivery method: use timetabled slot to release non-synchronous online lecture. |
| Structured Guided Learning | Academic skills activities | 1 | 2:00 | 2:00 | Staff developed activities (online non-sync). Distributed across S1-S2 teaching weeks |
| Guided Independent Study | Directed research and reading | 1 | 33:00 | 33:00 | Approx. 3 hours per teaching week. |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PiP seminars. Alternative delivery method: online synchronous at timetabled slots. |
| Guided Independent Study | Skills practice | 1 | 6:00 | 6:00 | Seminar preparation |
| Scheduled Learning And Teaching Activities | Workshops | 2 | 1:00 | 2:00 | PiP whole cohort (in S2). Alternative delivery method: online synchronous at timetabled slots. |
| Guided Independent Study | Independent study | 1 | 10:00 | 10:00 | N/A |
| Total | 100:00 |
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. Seminars allow students to apply these techniques thus practising their problem-solving and analytical skills. Private study provides opportunity for students to monitor their own progress through problem solving and discussions.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Essay | 2 | M | 100 | 2000 word essay |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 2 | M | Seminar questions provided |
Assessment Rationale And Relationship
The assessment is designed to test students’ ability to apply economic reasoning, to communicate economics and to make coherent arguments.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO1118's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- ECO1118's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.