ECON3007 Applied Economics
Module Overview
The module shows economic analysis at work in a number of areas of policy concern, and develops simple and more advance models and empirical methodologies that help us both to understand central problems of economic policy analysis and evaluate alternative policy options.
Aims and Objectives
Learning Outcomes
Learning Outcomes
Having successfully completed this module you will be able to:
- Apply economic principles to devising appropriate policies for a range of economic problems
- Analyse and interpret microeconomic data
- Demonstrate knowledge and understanding of various economic methodologies utilised in empirical work
- Combine economic 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
Teaching and learning methods
Lectures, tutorials, and private study.
| Type | Hours |
|---|---|
| Independent Study | 126 |
| Teaching | 24 |
| Total study time | 150 |
Resources & Reading list
Lecture notes provided during class; academic published articles on relevant topics.
Assessment
Assessment Strategy
The final course grade is determined by: Long take-home assignment (70%), assessing student's understanding of both the theoretical, empirical and practical aspects of economic analysis. Two short take-home problem sets are distributed during the semester (20%). Each counts for 10% of the total mark. Participation and performance in online quizzes (10%). This is accompanied by continuous formative assessment through problem sets.
Summative
| Method | Percentage contribution |
|---|---|
| Assignment | 70% |
| Problem sets | 10% |
| Problem sets | 10% |
| Quizzes | 10% |
Repeat
| Method | Percentage contribution |
|---|---|
| Assignment | 100% |
Referral
| Method | Percentage contribution |
|---|---|
| Assignment | 100% |
Repeat Information
Repeat type: Internal & External
Linked modules
Pre-requisite: ECON2001
Costs
Costs associated with this module
Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.
In addition to this, students registered for this module typically also have to pay for:
Books and Stationery equipment
Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase reading texts as appropriate.
Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.