Undergraduate Course: Key Developments in Modern Economic Analysis (ECNM10096)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | The course will look at a selection of the most important contributions to modern economics, with an emphasis on key conceptual developments that have influenced the current state of the subject. |
| Course description |
The course will examine some of the important recent developments in economics, focusing mainly, but not exclusively, on key contributions since 1950, especially those whose authors were awarded the Nobel Prize in Economic Science. Through an examination of the original as well as more modern academic literature, it will look at analytical concepts and techniques that were once novel but are now widely accepted. The course will also touch on the historical context in which economics evolved.
The course will be taught though a mixture of lectures and tutorials.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
Economics 2 (ECNM08006)
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | Visiting students must have an equivalent of at least 4 semester-long Economics courses at grade B or above for entry to this course. This MUST INCLUDE courses in Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); Probability and Statistics; and Introductory Econometrics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required. |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2021/22, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Seminar/Tutorial Hours 10,
Summative Assessment Hours 10,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
156 )
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| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
30% coursework (Coursework will consist of one group presentation worth 10% and one individual essay worth 20%), 70% written exam. |
| Feedback |
Essay (within three weeks); group presentations (once all groups have presented) |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S1 (December) | | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- A knowledge of some of the key recent developments in economics.
- An understanding of how and why these ideas have influenced modern economics.
- An understanding of the historical context in which these ideas evolved.
- The ability to communicate technical material accurately and succinctly.
- Personal skills of time management, the ability to contribute to class discussion and group work, and personal autonomy through independent learning.
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Additional Information
| Graduate Attributes and Skills |
Research and Inquiry
B1. The ability to identify, define and analyse theoretical and applied economic problems and identify or devise approaches to investigate and solve these problems.
B3. The ability to critically assess existing understanding of economic and social issues, the limitations of that understanding and the limitations of their own knowledge and understanding of those issues.
B4. The ability to question the principles, methods, standards and boundaries of economic knowledge
Personal and Intellectual Autonomy
C1. The ability to be independent learners who take responsibility for their own learning, and are committed to continuous reflection, self-evaluation and self-improvement.
C4. The ability to collaborate and debate effectively to test, modify and strengthen their own views.
Communication
D1. The ability to make effective use of oral, written and visual means to critique, create and communicate understanding.
D2. The ability to further their own learning through effective use of feedback.
D3. The ability to use communication as a tool for collaborating and relating to others.
Personal Effectiveness
E1. The ability to manage tasks and also skills in time-management.
E4. The ability to work effectively with others, capitalising on their different thinking.
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| Keywords | Modern Economic Analysis |
Contacts
| Course organiser | Prof Simon Clark
Tel: (0131 6)50 3850
Email: S.Clark@ed.ac.uk |
Course secretary | Miss Becky Guthrie
Tel:
Email: becky.guthrie@ed.ac.uk |
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