The module provides students with an in-depth understanding of current policy issues and theoretical considerations relevant to the economic role played by the state. To understand and be able to evaluate the role played by government in the economy, it is important to understand key elements of microeconomic analysis and then be able to apply this understanding to the practical evaluation of policy issues. The module explores the economic arguments for and against government intervention and applies theoretical concepts to applied topical public policy issues. This highlights two sides of studying public economics, particularly the conflict between positive and normative approaches to economic analysis.
Directed learning time 100 hours
Private study time 50 hours
Total study hours: 150
Only available on Economics BSc (Professional Economist) course
Main assessment methods:
VLE Quiz 1 (45 minutes) (15%)
VLE Quiz 2 (45 minutes) (15%)
One 2000 word report relating to work and public economics (70%)
Reassessment methods:
100% coursework
Submitted in the following trimester, in order to achieve the overall pass mark of 40%
The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices.
The most up to date reading list for each module can be found on the university's reading list pages
The module outcomes have references to the knowledge, skills and behaviours defined by the Institute for Apprenticeships and Technical Education for the Professional Economist (Integrated Degree): Professional economist (integrated degree) / Institute for Apprenticeships and Technical Education
On successfully completing the module students will be able to:
1. Demonstrate knowledge and understanding of the main predictions of Welfare Economics Theory (K1, K2, K3, K6)
2. Critically evaluate the desirability and the consequences of governmental policies in terms of efficient allocation of resources (K6, S1, S2)
3. Critically apply Public Choice Theory to explain how the political process affects the nature and the level of State interventions in the economy (K1, K5, K6, S1, S2)
4. Demonstrate critical understanding of the theory of collective decisions-making and its implications (K6, S1, S2)
5. Apply economic analysis to critically evaluate examples of public spending policies in the UK and abroad (K2, K3, K4, K6, S1)
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