Economic Applications (U01139)

? Credit Points : 20 ? SCQF Level : 8 ? Acronym : MSE-1-EA

The course is intended to illustrate the usefulness of basic economic principles in a varied range of, primarily applied, contexts. The contexts covered will vary from year to year. A typical year might include 5 contexts drawn from: development economics; the economics of transition; globalization; macroeconomic policy; the history of economic thought; the economics of the environment; bargaining and game theory; and financial markets. The course relies primarily on words, diagrams and numerical illustrations. The use of formal mathematics is limited and basic. Reading material for the course will be drawn from a variety of sources. An understanding of basic economic principles at the level of: Sloman 'Essentials of Economics (customised version)' is presumed. The course is primarily aimed at students who want to obtain a broad but basic insight into applications of economics to contemporary economic issues, but do not intend (or want to keep open the option) to progress to further study of economics in their 2nd year. Students who do plan (or want to keep open the option) to progress to Economics 2 should take Economics 1A. Students on Economics programmes, who have not previously studied economics, may find it useful to take Economic Applications alongside Economics1A.

Entry Requirements

? Pre-requisites : Economic Principles (U01140 )in a previous year of study; OR a B grade or better in Economics at 'A' level or Higher Still or equivalent; OR currently taking Economics 1A (U01141).

? Prohibited combinations : U01135 Economic Principles and Applications. Economic Principles (in the same year of study: a student who takes Economic Applications as well as Economic Principles in the same year of study should be registered for the 40 credit course U01135 Economic Principles and Applications).

Subject Areas

Home subject area

Economics, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : 1st year

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

? Contact Teaching Time : 3 hour(s) per week for 10 weeks

All of the following classes

Type	Day	Start	End	Area
Lecture	Tuesday	16:10	17:00	Central
Lecture	Friday	16:10	17:00	Central

? Additional Class Information : Tutorials to be arranged in addition

Summary of Intended Learning Outcomes

After successful completion of this course the student will have a basic insight into a variety of contemporary economic issues through applications of basic economic principles.
General skills developed include: critical analysis and assessment; reasoning adaptably and systematically; problem-framing and problem-solving skills; basic numeracy and quantitative skills; obtaining and processing information from a variety sources; presentation and communication skills; interpersonal and group skills; computer and IT skills; independent action and initiative; managing tasks and time; coping with stress.

Assessment Information

Completion of formative on-line (multiple choice) tests: 5% point penalty for failure to submit at least 80% of tests.
Teamwork project: 10%
Degree exam: 90%
Resit exam: 100%