A. Knowledge and understanding
At the end of the module, learners will be expected to:
A1. Demonstrate modelling and its importance in economic thinking; Be
able to engage in the economic debate on the role of demand stimulus
vs. fiscal constraint in recovery; monetary policy; and the scope for
supply side restructuring and growth;
A2. Critical understanding of theoretical perspectives and the assumptions underlying economic theories; Understand how microeconomics feeds into economic arguments for policy in areas such as trade restriction and promotion; welfare state policies including health and education.
A3. Demonstrate applying appropriate theories, models and concepts to economic problems, events and processes.
A1, A3
This module is designed to provide a practice-focused approach to the development of knowledge and skills of students. The assessments are integrative and build incrementally.
Students will learn to integrate and use information and/or data appropriately in complex contexts, they will also learn to recognize the limitations of knowledge in the discipline with developing skills in effective communication of ideas and arguments to relevant audiences.
Knowledge and understanding are acquired through published materials, including supplied textbooks, journal articles, electronic sources and course participants.
Students will be encouraged to manage their learning and reflect on their development as independent learners.
B. Cognitive skills
At the end of the module learners will be expected to:
B1. Devise and sustain economic arguments and recognise the differences between economic and other forms of argument
B2. Evaluate economic theories and use them to explain and analyse policy questions;
B3. Apply economic models to analyse the impact of changes in
variables; Interpret, manipulate and criticise different types of data.
C. Practical and professional skills
At the end of the module, learners will be expected to:
C1. As an independent learner, demonstrate an awareness of skills and abilities in relation to the requirements of own work role;
C2. Recognise appropriate methods and apply a model of a national economy as constructed and used to analyse the roles of consumer spending, investment, government taxes and spending and imports and exports;
C3. Critically engaged with problem-solving and decision-making using
appropriate quantitative and qualitative skills including data analysis,
interpretation and extrapolation
D. Key transferable skills
At the end of the module, learners will be expected to:
D1. Independently find, critically evaluate and use a wide range of information from a variety of sources for a specified purpose and apply economic theory to real-life situations.
D2. Create, evaluate and construct scale drawings, graphs, charts and
Diagrams from numerical data; read and interpret large and complex
Numerical data sets;
D3. Independently select and use appropriate methods to illustrate
findings, show trends and make comparisons; numerical and verbal
analysis of economic issues.