ECO1118 : Economic Applications
- Offered for Year: 2024/25
- Module Leader(s): Dr Melanie Parravano Baro
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 5 |
| Semester 2 Credit Value: | 5 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
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 Activities | Lecture | 12 | 1:00 | 12:00 | PiP. Alternative delivery method: use timetabled slot to release non-synchronous online lecture. |
| Guided Independent Study | Assessment preparation and completion | 1 | 32:00 | 32:00 | Preperation & completion of 2000 word essay |
| Structured Guided Learning | Academic skills activities | 1 | 2:00 | 2:00 | Staff developed activities (online non-sync). Distributed across S1-S2 teaching weeks |
| Guided Independent Study | Directed research and reading | 1 | 33:00 | 33:00 | Approx. 3 hours per teaching week. |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PiP seminars. Alternative delivery method: online synchronous at timetabled slots. |
| Guided Independent Study | Skills practice | 1 | 6:00 | 6:00 | Seminar preparation |
| Scheduled Learning And Teaching Activities | Workshops | 2 | 1:00 | 2:00 | PiP whole cohort (in S2). Alternative delivery method: online synchronous at timetabled slots. |
| Guided Independent Study | Independent study | 1 | 10:00 | 10:00 | N/A |
| Total | 100:00 |
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 |
|---|---|---|---|---|
| Essay | 2 | M | 100 | 2000 word essay |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 2 | M | Seminar 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
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO1118's Timetable