Undergraduate Course: Economic Applications (ECNM08003)
|School||School of Economics
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 8 (Year 1 Undergraduate)
||Availability||Available to all students
|Summary||The course is intended to illustrate the usefulness of basic economic principles in a varied range of, primarily applied, contexts. An understanding of basic economic principles at the level of: Mankiw and Taylor 'Economics' 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 do not 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 1.
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 contexts drawn from: international economics; business cycles; game theory and behavioural economics; and information economics.
The course is taught through a programme of lectures and tutorials. 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: Mankiw and Taylor 'Economics' 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 do not 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 1.
Entry Requirements (not applicable to Visiting Students)
|| Students MUST have passed:
Economic Principles (ECNM08004)
|Prohibited Combinations|| Students MUST NOT also be taking
Economics 2 (ECNM08006)
||Other requirements|| If this pre-requisite is not met, the permission of the course organiser is required.
Students who are enrolled on Economics 1 may also enrol on Economic Applications.
May not be taken concurrently or after Economics 2.
Information for Visiting Students
|High Demand Course?
Course Delivery Information
|Academic year 2022/23, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 20,
Seminar/Tutorial Hours 9,
Summative Assessment Hours 3,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Weekly Homework: 5%
Weekly Online Tests: 5%
Teamwork Project (Video presentations, semester 2): 15%
Degree Exam (May diet): 75%
Resit Exam (August diet): 100%
Final mark for Visiting Students as Above.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
|Resit Exam Diet (August)||2:00|
On completion of this course, the student will be able to:
- A knowledge and understanding of key economic and social issues, through application of basic economic principles.
- Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
- Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
|Mankiw and Taylor 'Economics'|
|Graduate Attributes and Skills
||See Learning Outcomes
|Additional Class Delivery Information
||Weekly one-hour tutorials to be arranged in addition.
|Course organiser||Mr Jovan Vojnovic
Tel: (0131 6)50 8356
|Course secretary||Mr Sean Barr
Tel: (0131 6)50 6661