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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2022/2023

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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Economic Applications (ECNM08003)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 8 (Year 1 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThe 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.
Course description 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)
Pre-requisites Students MUST have passed: Economic Principles (ECNM08004)
Co-requisites
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
Pre-requisitesNone
High Demand Course? Yes
Course Delivery Information
Academic year 2022/23, Available to all students (SV1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 9, Summative Assessment Hours 3, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 164 )
Assessment (Further Info) Written Exam 75 %, Coursework 25 %, Practical Exam 0 %
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.
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Resit Exam Diet (August)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. A knowledge and understanding of key economic and social issues, through application of basic economic principles.
  2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  3. Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
  4. 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.
  5. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
Reading List
Mankiw and Taylor 'Economics'
Additional Information
Graduate Attributes and Skills See Learning Outcomes
Additional Class Delivery Information Weekly one-hour tutorials to be arranged in addition.
KeywordsNot entered
Contacts
Course organiserDr Athanasia Arnokourou
Tel: (0131 6)51 3853
Email: A.Arnokourou@ed.ac.uk
Course secretaryMs Wenjing Sheng
Tel: (0131 6)50 8361
Email: wenjing.sheng@ed.ac.uk
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