TCP7023 : Economics of Development
TCP7023 : Economics of Development
- Offered for Year: 2024/25
- Module Leader(s): Mr Danny Oswell
- Lecturer: Dr Jurgita Banyte
- Owning School: Architecture, Planning & Landscape
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
Semester 2 Credit Value: | 10 |
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
Co Requisite Comment
N/A
Aims
1. To provide an introduction to the variety of economic concepts that have a significant role in the work of professional planners.
2. To provide an introduction to a broad range of economic tools and modelling techniques so that their application in a planning environment can be fully understood.
3. To facilitate professional discussions on the current nature and purpose of the macroeconomy; how it interfaces with and impacts on the Planning profession; and how we might wish to reshape that going forward.
This module allows students to develop a detailed theoretical and practical understanding of the economics of the development process. No previous knowledge of economics is required; the core principles needed to successfully complete the module are covered in the early sessions. On completion, students will be able to apply a broad variety of economic techniques to the planning and development process, thus providing them with an enhanced understanding of both the market for development and the economic and policy environments within which it operates.
Outline Of Syllabus
- Introduction, Learning Styles and Teaching Methods
- Methodology in Economics
- Money
- Production
- Entrepreneurship
- Work
- Markets
- Trade
- Political Economy: Domestic
- Political Economy: Global
Learning Outcomes
Intended Knowledge Outcomes
• A good understanding of microeconomic and macroeconomic principles and the concept of market failure
• The development of a clear rationale for regulatory intervention.
• A strong working knowledge of the operation of the markets for land and property
• The ability to apply economic tools to multiple aspects of the Planning process
• A good understanding of how domestic and global political economy impacts on Planning
Intended Skill Outcomes
• A strong retinue of economic and associated (eg statistical, behavioural) analytical skills
• An ability to undertake investment appraisal exercises from a number of different perspectives.
• An ability to economically evaluate real development processes from the perspective of all stakeholders
• The ability to apply economic tools and techniques to help enhance Planning decision making
Teaching Methods
Teaching Activities
Category | Activity | Number | Length | Student Hours | Comment |
---|---|---|---|---|---|
Guided Independent Study | Assessment preparation and completion | 1 | 24:00 | 24:00 | Reading and research specifically focussed on assessment preparation and completion. |
Scheduled Learning And Teaching Activities | Lecture | 10 | 2:00 | 20:00 | Weekly timetabled 2 hour present In person lecture sessions. |
Guided Independent Study | Directed research and reading | 1 | 54:00 | 54:00 | Reading as set out in both the podcast and VLE containers |
Scheduled Learning And Teaching Activities | Workshops | 1 | 2:00 | 2:00 | Assessment preparation workshop |
Total | 100:00 |
Teaching Rationale And Relationship
The Scheduled Learning and Teaching Activities provide a detailed explanation of the key issues and an examination of important literature, as well as creating opportunities for discussions about the application of the techniques to planning issues. The Guided Independent Study will enable students to both achieve the intended knowledge and skills outcomes identified for the module, as well as enabling to help them prepare for the creation of their assessment submission.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
Description | Length | Semester | When Set | Percentage | Comment |
---|---|---|---|---|---|
Digital Examination | 150 | 2 | A | 100 | 2.5 hour digital examination |
Assessment Rationale And Relationship
The assessment provides students with an opportunity to demonstrate relevant aspects of the key knowledge and skills that they have developed, with reference to specific aspects of applied economic theory.
The Scheduled Learning and Teaching Activities provide a detailed explanation of the key issues and an examination of important literature, as well as creating opportunities for discussions about the application of the techniques to planning issues. The Guided Independent Study will enable students to both achieve the intended knowledge and skills outcomes identified for the module, as well as enabling to help them prepare for the creation of their assessment submission.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- TCP7023's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- TCP7023'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.