Professional Economics - EC315

Location Term Level Credits (ECTS) Current Convenor 2017-18 2018-19
Canterbury
(version 2)
Spring
View Timetable
4 15 (7.5) DR S Barde

Pre-requisites

None

Restrictions

Only available to students on Economics single honours and joint honours programmes

2017-18

Overview

This module has been designed as a complement to the core modules you take in Stage 1 economics programmes. Each topic is introduced assuming no previous knowledge of the subject, but points out the connections with the economic content of other School of Economics modules. In particular, they key purpose of the module is to show how economic analysis can be used to understand the role that professional economists play within the real-world economy. In order to do so, the module is organised by themes, within which it examines the key institutions, their roles within society, and the economic questions they face.

The module introduces you to the main fields of activity that require the involvement of economists, to the institutions involved in these fields and their responsibilities, to the type of economic problem that is addressed in each of these and the type of work carried out by economists, and to how general economic modules and knowledge are adapted and applied to the realities of each field. The aim is for you to be able to link the conceptual knowledge delivered as part of your economics degree with practical everyday issues, and to identify the main thematic areas of economics and the key institutions involved, so that you can start forming career strategies early on in your degree.

Details

This module appears in:


Contact hours

3 one-hour lectures, 9 two-hour workshops

Method of assessment

Group presentation (40%), written precis (20%), class test precis (40%)

Preliminary reading

There is no core text to accompany this module. Instead we provide reading material in various formats on each field of activity that is covered. In addition, you are encouraged to examine in detail various institutions web pages for examples of economic analysis and output, as well as regular economics commentaries on the economy. Examples include:

• Economist and Financial Times
• Oxford Review of Economics and Policy (http://oxrep.oxfordjournals.org/)
• Journal of Economic Surveys (www.wiley.com/bw/journal.asp?ref=0950-0804)
• Institute for Fiscal Studies (www.ifs.org.uk/)
• Bank of England (www.bankofengland.co.uk/)
• HM Treasury (www.hm-treasury.gov.uk/)
• European Central Bank (ECB) (www.ecb.int/home/html/index.en.html)
• Oxera (www.oxera.com)
• OFWAT (www.ofwat.gov.uk/)
• World Bank (www.worldbank.org/)
• IMF (www.imf.org/external/index.htm)

See the library reading list for this module (Canterbury)

See the library reading list for this module (Medway)

Learning outcomes

By the end of the module you will
be able to identify the key economic institutions for each major thematic area of economics
understand the role tha the professional economist plays within each of these institutions
understand the main ways in which economics is used to analyse problems in everyday life
be able to identify relevant economic information from various sources within a theme and synthesise it into a coherent argument using economic analysis

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