Module Catalogue 2024/25

Pre Requisite Comment

N/A

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

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 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.

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.

General Notes

N/A