Module Descriptors
ECONOMIC POLICY
ECON60131
Key Facts
Digital, Technology, Innovation and Business
Level 6
30 credits
Contact
Leader: Tolulope Olarewaju
Hours of Study
Scheduled Learning and Teaching Activities: 60
Independent Study Hours: 240
Total Learning Hours: 300
Assessment
- ASSIGNMENT weighted at 50%
- ASSIGNMENT - SECOND ASSIGNMENT weighted at 50%
Module Details
Resources
The Library
The internet
The internet
Special Admin
Have studied Business Economics or equivalent.
Assessment Details
One piece of individual project work on a chosen micro/macro policy theme in each semester, each weighted at 50% and assessing all Learning Outcomes. Each will consist of 2500 words.
Indicative Content
The module aims to build on the analytical tools developed in the Business Economics module and extend the analysis to a number of economic policy areas. The behaviour of firms is analysed through theories such as agency theory, transaction costs and asymmetric information. A number of policy issues such as the regulation of natural monopolies, deregulation, and the comparative performance of public and private ownership will be analysed.
The module will also use the tools of economic analysis to examine policy issues in the area of macroeconomics and the international economy. The applications will cover areas such as current monetary policy, debates concerning taxation and government spending and the macroeconomic implications of closer European integration.
The module will also use the tools of economic analysis to examine policy issues in the area of macroeconomics and the international economy. The applications will cover areas such as current monetary policy, debates concerning taxation and government spending and the macroeconomic implications of closer European integration.
Texts
Dornbusch R, Fischer S and Startz R. (2001), Macroeconomics, McGraw-Hill
Griffiths A & Wall S, (2004), Applied Economics, 10th ed, Prentice Hill
Rickets, M (2002), The Economics of Business Enterprise, 3rd ed., Cheltenham: Edward Elgar
Griffiths A & Wall S, (2004), Applied Economics, 10th ed, Prentice Hill
Rickets, M (2002), The Economics of Business Enterprise, 3rd ed., Cheltenham: Edward Elgar
Learning Outcomes
1. DEMONSTRATE A SYSTEMATIC UNDERSTANDING OF THE KEY ASPECTS OF ECONOMIC ANALYSIS INVOLVED IN THE MODULE
2. EVALUATE POLICY DILEMMAS AND OUTCOMES, USING TOOLS OF ECONOMIC ANALYSIS IN A COMPLEX AND UNPREDICTABLE ENVIRONMENT
3. DEMONSTRATE THE ABILITY TO ENGAGE IN ARGUMENTS SHOWING DEPTH AND BREADTH OF READING
4. ANALYSE INFORMATION, IDEAS AND PROBLEMS, AND COMMUNICATE THESE IN BOTH ORAL AND WRITTEN FORMAT
5. CRITICALLY EVALUATE ASPECTS OF THE RECENT DEVELOPMENTS IN ECONOMICS POLICY
6. DEMONSTRATE INDEPENDENT LEARNING IN PREPARATION OF THE ASSIGNMENT
7. DEMONSTRATE AN ABILITY TO OFFER SOLUTIONS TO ECONOMIC POLICY ISSUES
2. EVALUATE POLICY DILEMMAS AND OUTCOMES, USING TOOLS OF ECONOMIC ANALYSIS IN A COMPLEX AND UNPREDICTABLE ENVIRONMENT
3. DEMONSTRATE THE ABILITY TO ENGAGE IN ARGUMENTS SHOWING DEPTH AND BREADTH OF READING
4. ANALYSE INFORMATION, IDEAS AND PROBLEMS, AND COMMUNICATE THESE IN BOTH ORAL AND WRITTEN FORMAT
5. CRITICALLY EVALUATE ASPECTS OF THE RECENT DEVELOPMENTS IN ECONOMICS POLICY
6. DEMONSTRATE INDEPENDENT LEARNING IN PREPARATION OF THE ASSIGNMENT
7. DEMONSTRATE AN ABILITY TO OFFER SOLUTIONS TO ECONOMIC POLICY ISSUES
Learning Strategies
The learning strategy for this module is based around students committing a total of 300 hours of activities towards achieving the learning outcomes. These will be split between 78 hours of direct contact with a tutor and 222 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.