Global Opportunities

ECO1118 : Economic Applications

Semesters
Semester 1 Credit Value: 5
Semester 2 Credit Value: 5
ECTS Credits: 5.0

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

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture121:0012:00PiP. Alternative delivery method: use timetabled slot to release non-synchronous online lecture.
Guided Independent StudyAssessment preparation and completion132:0032:00Preperation & completion of 2000 word essay
Structured Guided LearningAcademic skills activities12:002:00Staff developed activities (online non-sync). Distributed across S1-S2 teaching weeks
Guided Independent StudyDirected research and reading133:0033:00Approx. 3 hours per teaching week.
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00PiP seminars. Alternative delivery method: online synchronous at timetabled slots.
Guided Independent StudySkills practice16:006:00Seminar preparation
Scheduled Learning And Teaching ActivitiesWorkshops21:002:00PiP whole cohort (in S2). Alternative delivery method: online synchronous at timetabled slots.
Guided Independent StudyIndependent study110:0010:00N/A
Total100:00
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.

Assessment Methods

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

Other Assessment
Description Semester When Set Percentage Comment
Essay2M1002000 word essay
Formative Assessments
Description Semester When Set Comment
Prob solv exercises2MSeminar 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.

Reading Lists

Timetable