Understanding the intricate workings of economic systems is crucial for navigating the complexities of modern societies. Economists achieve this by simplifying complex economic phenomena and focusing their analytical attention on key mechanisms. This module is designed to introduce you to this process and so prepare you for undergraduate study in economics.
The module will cover both micro and macro analysis but will not attempt to replicate the A level syllabus. It will focus on a few topics and study them in depth, providing you with a deep understanding of the models and also how they can be used in policy analysis. By the end of this module you will not only be fully prepared for the next stage in your studies but also have experience of economics in practice.
Lecture 32, Workshop 16
Short Writing Piece. Assessment Details: 500 words Written Policy Analysis worth 30%.
Short Writing Piece. Assessment Details: 1000 words Written Policy Analysis worth 40%.
Test. Assessment Details: 1 hour Moodle Quiz worth 30%.
Reassessment Method: Single Instrument. 100% written assessment (1500 words)
On successfully completing the module, students will be able to:
1) Comprehend Economic Concepts: Students will grasp essential economic concepts by studying selected micro and macro topics, simplifying complex phenomena, and identifying key mechanisms.
2) Analyse Economic Models: Students will proficiently analyse economic models, understanding their theoretical underpinnings and practical applications in policy analysis.
3) Apply Economic Principles to Policy: Students will apply economic principles to evaluate policies, gaining insights into their potential impacts on economic outcomes.
4) Communicate Effectively: Through discussions and summaries, students will develop clear communication skills to convey economic concepts and findings to diverse audiences.
5) Engage in Critical Thinking: Students will engage in critical thinking and problem-solving, applying economic principles to analyse real-world issues and evaluate alternative solutions.
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