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Module

ECO1018 : Economic Applications

  • Offered for Year: 2020/21
  • Module Leader(s): Dr Melanie Parravano Baro
  • Lecturer: Dr Sze Nie Ung
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

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. 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

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials361:0036:00Assumes that 1h of delivered lecture = 2h of student LT. Here 18 hours of delivered Lectures
Guided Independent StudyAssessment preparation and completion134:0034:002000 Words Essay
Guided Independent StudyAssessment preparation and completion130:0030:00Final Exam
Structured Guided LearningAcademic skills activities181:0018:0018 SL hours = 9 hours of staff developed activities; includes 15 min seminar debriefings
Guided Independent StudySkills practice112:0012:00Problem sets
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00Small group seminars so multiple runs will need to be scheduled.
Scheduled Learning And Teaching ActivitiesWorkshops11:001:00Introduction Lecture will be delivered to whole cohort.
Scheduled Learning And Teaching ActivitiesWorkshops21:002:00Q&A, pre-assessment clinics - whole cohort
Scheduled Learning And Teaching ActivitiesDrop-in/surgery19:009:00N/A
Guided Independent StudyIndependent study152:0052:00N/A
Total200:00
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

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination902A70N/A
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

Timetable