Undergraduate

modules

Modules

ECO1003 : Topics in Applied Economics

Semesters
Semester 1 Credit Value: 10
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. 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

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion130:0030:00Essay preparation
Scheduled Learning And Teaching ActivitiesLecture151:0015:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00N/A
Guided Independent StudyIndependent study127:0027:00Ongoing preparation and revision
Total100:00
Jointly Taught With
Code Title
ECO1018Economic Applications
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

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination601A50N/A
Other Assessment
Description Semester When Set Percentage Comment
Essay1M501500 word essay
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MSeminar 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