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Module

TCP7023 : Economics of Development

  • Offered for Year: 2022/23
  • Module Leader(s): Mr Danny Oswell
  • Owning School: Architecture, Planning & Landscape
  • Teaching Location: Newcastle City Campus
Semesters
Semester 2 Credit Value: 10
ECTS Credits: 5.0

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

-Introductory concepts: A short bibliography of "Homo Economicus"
-Introductory concepts: Economic organisation and the theoretical rationale for regulation
-Introductory concepts: Market failure and public intervention in the real world
-The Economics of Development: A theoretical overview of the operation of the market for development
-The Economics of Development: The economic objectives of the developer.
-The Economics of Development: Theoretical development business planning processes
-The Economics of Development: Development business planning in the real world: a case study
-Economic Process and Policy: The real-world operation of the market for development
-Economic Process and Policy: Urban regeneration, job creation and economic multipliers
-Economic Process and Policy: An economic analysis of the planning process

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture102:0020:00Weekly timetabled 2 hour present In person lecture sessions.
Guided Independent StudyAssessment preparation and completion124:0024:00Reading and research specifically focussed on assessment preparation and completion.
Guided Independent StudyDirected research and reading154:0054:00Reading as set out in both the podcast and VLE containers
Scheduled Learning And Teaching ActivitiesWorkshops12:002:00Assessment preparation workshop
Total100:00
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.

Assessment Methods

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

Other Assessment
Description Semester When Set Percentage Comment
Essay2A1002,500 word essay
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.

Reading Lists

Timetable