ECON3007 Applied Microeconomics 3

Module Overview

The module shows microeconomic 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 microeconomic policy analysis and evaluate alternative policy options.

Aims and Objectives

Module Aims

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. Furthermore, 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.

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

Teaching and learning methods

Lectures, tutorials, and private study.

Type	Hours
Teaching	24
Independent Study	126
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: 2-hour final examination (80%), assessing student's understanding of both the theoretical,empirical and practical aspects of economic analysis. Two assignments/problem sets are distributed during the semester (20%). Each counts for 10% of the total mark.

Summative

Method	Percentage contribution
Coursework	20%
Exam (2 hours)	80%

Referral

Method	Percentage contribution
Exam	100%

Repeat Information

Repeat type: Internal & External

Linked modules

Pre-requisite: ECON2001