Professional Economics - ECON3150

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Canterbury
Spring Term 4 15 (7.5) Luke Buchanan-Hodgman checkmark-circle

Overview

This module introduces students to the application of economic analysis and the role of professional economists within the real-world economy. It exposes students to the main fields of activity that require the involvement of economists, to the institutions involved in these fields, their responsibilities, and the types of economic problem that are addressed. It also provides them with opportunities to contextualise their learning of conceptual economic ideas and issues, and to apply their knowledge and understanding to practical everyday issues.

Module content is organised thematically around a series of both microeconomic and macroeconomic topics. These topics are diverse and updated in line with contemporary issues and developments in the field. Each topic is examined in the context of how professional economists put into practice economics across a range of different institutional settings such as the Government Economic Service, Regulatory Authorities, private sector consultancy and academia.

Details

Contact hours

Total contact hours: 23 hours
Private study hours: 127
Total study hours: 150

Availability

This module is optional for all students studying single and joint honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.

Method of assessment

Group Outline 1 (approx. 500 words) 20%
Group Outline 2 (approx. 500 words) (20%)
Group Presentation (10 Minutes) (20%)
Take-Away Precis (400 words) 20%
In Course Test (Precis) 45 minutes (20%)

Reassessment Instrument: 100% coursework

Indicative 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)

Learning outcomes

By the end of the module you will be able to:

* understand and abstract the essentials features of an economic issue, problem and system.
* synthesize and critically compare different economic analyses of an economic issue.
* apply analytical skills to a range of economic concepts, problems and issues.
* interpret data in the context of economic theory and policy.
* analyse reports and papers to support their understanding of economics.

Notes

  1. Credit level 4. Certificate level module usually taken in the first stage of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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