ECO1018 : Economic Applications

Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0


To develop an understanding of the main economic issues of current concern in the UK, how economists approach them, and what options policy makers have to deal with them.
To deepen the understanding of economic theories by applying them to questions of current interest.
To develop an understanding of the current situation and historic development of the British Economy.

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 completion232:0064:002 essays
Scheduled Learning And Teaching ActivitiesLecture281:0028:00N/A
Guided Independent StudyDirected research and reading150:0050:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching81:008:00N/A
Guided Independent StudyIndependent study150:0050:00Ongoing preparation and revision
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 British economy and the economic changes which have occurred in recent decades. 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

Description Length Semester When Set Percentage Comment
Written Examination1202A50N/A
Other Assessment
Description Semester When Set Percentage Comment
Essay1M252000 word essay
Essay2M252000 word essay
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.
Exams in both semesters to motivate students through entire year

Reading Lists