Family Economics and Policy

Module description

The module examines the nature and behaviour of households in modern economies. The module will introduce a supply and demand model of the marriage/partnership market, the analysis of household production and division of labour in the family, gains from marriage/partnership, matching in the marriage/partnership market, divorce, intra-household bargaining, economics of fertility, and birth control. The module contains both theoretical and empirical components and will include the interpretation of estimates from econometric analysis.

Full module specification

Module title:Family Economics and Policy
Module code:BEE2035
Module level:2
Academic year:2019/0
Module lecturers:
  • Sonia Oreffice - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

BEE1030 and BEE1031 or BEE1036 and BEE1037

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims

  • Provide students with the microeconomic tools needed to analyse fundamental contemporary questions concerning the individuals’ behaviour inside and outside the family.

  • Help students to understand contemporary issues in economics and public policy concerning the formation and dissolution of families, work and family decisions, and children.

ILO: Module-specific skills

  • 1. apply economics to fundamental contemporary questions concerning individuals’ behaviour inside and outside the family.
  • 2. apply standard economic principles to the analysis of marriage/partnership, divorce, fertility, division of labour, childcare.
  • 3. describe the main features of, and trends in, the UK household patterns and family policies.

ILO: Discipline-specific skills

  • 4. interpret relevant data and empirical findings
  • 5. assess appropriate policies for various social problems

ILO: Personal and key skills

  • 6. demonstrate awareness of the role of numerical evidence in Economics
  • 7. demonstrate written communication skill

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
28122

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours22Lectures
Contact hours5Tutorials
Contact hours1Revision
Contact hours122Independent study

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Tutorial questionsIn class1-7In class feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
01000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
In class test301 hour1-7Individual feedback
Final exam702 hours1-7Indicative solutions on ELE

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
In Class Test (30%) and Final Exam (70%)Examination (100%) - 2 hours1-7August examination period

Syllabus plan

  • Analysis of the economic aspects of the family.

  • Development and application of microeconomic tools to the study of households and their interaction in the economy.

  • The marriage/partnership market, basic and extended model (matching)

  • Intra-household bargaining; Divorce

  • Fertility; sex ratio and its imbalances

  • Household production and the division of labour

  • Family policies

  • enhance skills in analytical and critical thinking, and in written and verbal presentation

  • appreciate the complexities of decision making, weighing theory and practice

Indicative learning resources - Basic reading

Hoffman, S.D., Averett, S. (2015), “Women and the Economy: Family, Work, and Pay”, Palgrave MacMillan, third edition. Additional readings (excerpts of recent research articles, policy reports, and articles from The Economist) will be assigned. The exact references will be provided by the instructor.

Module has an active ELE page?

Yes

Indicative learning resources - Other resources

Recommended Reading

Eswaran, M. (2014), “Why gender matters in economics”, Princeton University press

 

Background Reading

Becker, G. (1991) A Treatise on the Family. Cambridge, MA: Harvard Univ. Press.

Becker, G. (1992), “The economic way of looking at life”, Nobel Lecture.

Blau, F.D., Ferber, M.A., Winkler, A.E. (2006) The economics of women, men, and work, Pearson Prentice Hall

Browning, M., Chiappori, PA, Weiss, Y. (2014) Economics of the Family, Cambridge University Press

The Economist providing contextual articles and current examples.

Origin date

09/03/2018

Last revision date

13/11/2018