Family Economics and Policy
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|
BEE1030 and BEE1031 or BEE1036 and BEE1037
|Duration of module:||
Duration (weeks) - term 2: |
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 Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Contact hours||122||Independent study|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Tutorial questions||In class||1-7||In class feedback|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|In class test||30||1 hour||1-7||Individual feedback|
|Final exam||70||2 hours||1-7||Indicative solutions on ELE|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|In Class Test (30%) and Final Exam (70%)||Examination (100%) - 2 hours||1-7||August examination period|
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
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?
Indicative learning resources - Other resources
Eswaran, M. (2014), “Why gender matters in economics”, Princeton University press
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.
Last revision date