The University of Southampton
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ECON3007 Applied Microeconomics 3

Module Overview

The aim of the module is to examine the empirical application of microeconomic principles in the central areas of microeconomic policy. Discussing both the theory and application of important questions in labour, health, environmental and demographic economics students will see the applicability of various methodologies in a number of different contexts. Further, students will be introduced to the applied side of economic analysis during practical sessions in PC labs using popular statistical software (i.e. Stata). This structure combines the theoretical and applied part of economics and allows the students the opportunity to get some hands on experience in economic analysis.

Aims and Objectives

Module Aims

The aim of Stat Sessions is to provide you with the necessary knowledge and tools for handling and analysing data related to issues that we will discuss in the lectures and also to help you for the empirical analysis of your dissertations. The aim of Seminars is to give you (a sketch of) the solutions for the assignments and discuss again issues that arose during class. You are highly recommended to solve ALL these assignments at home before attended the Seminars.

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Apply microeconomic principles to devising appropriate policies for a range of economic problems
  • Analyse and interpret microeconomic data
  • Demonstrate knowledge and understanding of various economic methodologies utilized in empirical work
  • Combine microeconomic principles with economic data to inform policy decisions
  • Undertake basic economic analysis valuable for students’ dissertations at the end of their degree

Syllabus

The module builds on the conceptual knowledge of policy issues covered in earlier microeconomics modules and introduces students to various empirical methodologies in a number of different fields, such labour, health, environmental and demographic economics, while incorporating the important component of data analysis and interpretation.

Learning and Teaching

TypeHours
Independent Study126
Teaching24
Total study time150

Resources & Reading list

Lecture notes provided during class; academic published articles on relevant topics. 

Assessment

Assessment Strategy

The final course grade is determined: 2-hour final examination (80%), assessing student's understanding of both the theoretical,empirical and practical aspects of economic analysis. An assignment/problem set distributed during the semester (10%) A practical exercise in empirical analysis using Stata (10%)

Summative

MethodPercentage contribution
Coursework 20%
Exam  (2 hours) 80%

Referral

MethodPercentage contribution
Exam 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Pre-requisites

To study this module, you will need to have studied the following module(s):

CodeModule
ECON2001Applied Microeconomics 2
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