Global Opportunities

ECO1018 : Economic Applications (Inactive)

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


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. The course also contains an introduction to professional ethics in economics, both in terms of research ethics as well as ethical behaviour when giving policy advice etc. Topics for the applications will be drawn from various subfields such as:
• 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

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture241:0024:00PiP. Alternative delivery method: use timetabled slot to release non-synchronous online lecture.
Guided Independent StudyAssessment preparation and completion164:0064:00Prep & completion of 2000 Words Essay & end of year assessment
Structured Guided LearningAcademic skills activities14:004:00Staff developed activities (online non-sync). Distributed across S1-S2 teaching weeks
Guided Independent StudyDirected research and reading166:0066:00Approx. 3 hours per teaching week.
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PiP seminars. Alternative delivery method: online synchronous at timetabled slots.
Guided Independent StudySkills practice112:0012:00Problem sets
Scheduled Learning And Teaching ActivitiesWorkshops21:002:00PiP whole cohort (both in S2). Alternative delivery method: online synchronous at timetabled slots.
Guided Independent StudyIndependent study122:0022:00N/A
Jointly Taught With
Code Title
ECO1003Topics in Applied 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. Seminars allow students to apply these techniques thus practising their problem-solving and analytical skills.

Assessment Methods

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

Description Length Semester When Set Percentage Comment
Written Examination902A70Invigilated exam. Alternative Online Assessment should this be required: 24 hours take-home exam.
Other Assessment
Description Semester When Set Percentage Comment
Essay2M302000 word essay
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MSeminar questions provided
Prob solv exercises2MSeminar questions provided
Assessment Rationale And Relationship

Essay to test ability to communicate economics and to make coherent arguments.
Exam to test breadth and depth of understanding under pressure.

Reading Lists