Public Policy in a Small Open Economy (BS0089)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : MSE-P-BS0089

To explore the role of public policy - and in particular economic policy, broadly defined - in accelerating the development of a small open economy; the circumstances in which different policies are likely to work; the pitfalls in trying to assess the impact of policy; and to get students to see through the rhetoric and banality of most public and media pronouncements on such issues. Scotland is an example of a small open economy, so many examples can be found close to home.

Entry Requirements

? This course is not available to visting students.

? Pre-requisites : PGs Only

Subject Areas

Home subject area

Business Studies, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 2 (Blocks 3-4)

? Contact Teaching Time : 2 hour(s) 30 minutes per week for 9 weeks

Summary of Intended Learning Outcomes

At the end of the course students should:
- Understand the key features of Small Open Economies
- Understand the structure and recent performance of the Scottish economy.
- Understand the key drivers of that performance.
- Be able to critically digest media and political comment about trends in the Scottish economy.
- Be aware of the potential role of public policy in improving the performance of the Scottish economy.
- Be aware of the evidence base on the impact of various policies.

At the end of the course students will be asked to complete a questionnaire to provide feedback. Any feedback that will improve the course will be acted upon for the following year.

Informal feedback during the course itself is always welcome.