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The University of Southampton
Courses

ECON1017 Economics with Data

Module Overview

This module gives an introduction into economic policy analysis that is based on empirical data. A range of economic policy questions covering different areas of economics will be presented. Policy recommendations will be derived using analytical economic concepts and analysis of empirical data. Students will be familiarised with basic methods of data analysis for economic policy.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • the application of basic economic theory and economic reasoning to the analysis of economic policy
  • the relationship between economic policy recommendations and the theoretical and empirical features of the economic analysis that underlie such recommendations
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • retrieve, organise, analyse and present economic data in an informative manner.
  • use data for basic statistical inference on the quantitative or qualitative workings of economic policies.
  • be familiar with using standard software (such as Excel) for statistical computations and economic data analysis
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • select and access a range of data sources to use for addressing economic policy question
  • use quantitative reasoning and analyse and interpret data using standard software tools.

Syllabus

The module presents a number of policy cases (involving e.g. problems of pollution, credit rationing, taxation), deriving possible implications and consequences of different economic policies and interventions, both analytically and empirically. Empirical methods and use of data are taught as and when needed to address the specific policy cases.

Learning and Teaching

Teaching and learning methods

Lectures, tutorials, computer lab sessions

TypeHours
Tutorial8
Independent Study118
Lecture24
Total study time150

Resources & Reading list

Parkin, M., M. Powell, and K. Matthews (2014). Economics. 

Assessment

Assessment Strategy

Continuous assessment through two online tests (10% each) and two coursework assignments (40% each) over the semester, supported by formative assessment in form of problem sets. There is no final exam. This is the same for internal repeats. Referral and external repeat assessment are through 100% coursework assignment (two with 50% each).

Summative

MethodPercentage contribution
Coursework assignment(s) 40%
Coursework assignment(s) 40%
Online test 10%
Online test 10%

Repeat

MethodPercentage contribution
Coursework assignment(s) 50%
Coursework assignment(s) 50%

Referral

MethodPercentage contribution
Coursework assignment(s) 50%
Coursework assignment(s) 50%

Repeat Information

Repeat type: Internal & External

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