Economics Issues: Theory and Practice
The module is designed to provide you with an up-to-date understanding of some of the leading economic issues of the day. In particular, it aims to bring the core economic principles to an assessment of pressing current policy issues and to provide you with the opportunity to study particular economic problems in far more detail than elsewhere in the degree programme. The content of the module might vary depending on current policy debates.
This module covers theory and practical aspects of economics to help students acquire technical skills that are applicable across a wide range of economic issues.
There may be guest speakers. Previous guest speakers have included members of the Monetary Policy Committee at the Bank of England and the International Monetary Fund.
Students develop their technical, analytical and discursive skills, as well as their understanding of monetary policies, business cycles, information economics and market design by engaging with high-end research in the field.
All of the resources for this module are accessible on the ELE (Exeter Learning Environment).
Full module specification
|Module title:||Economics Issues: Theory and Practice|
BEE2025 and BEE2026
Students cannot take this module if they have previously taken (or are planning to take) BEE3027
|Duration of module:||
Duration (weeks) - term 2: |
The module is designed to provide students with an up to date understanding of some of the leading economic issues of the day. In particular, the module aims to bring the core economic principles to an assessment of pressing current policy issues and to provide students with the opportunity to study particular economic problems in far more detail than elsewhere in the degree program. The content of the module will vary.
ILO: Module-specific skills
- 1. demonstrate how to apply economic principles to a wide range of real world problems including the incorporation of the natural environment within economic analysis
- 2. demonstrate how to apply economic reasoning to policy issues in a critical manner
- 3. demonstrate knowledge in an appropriate number of specialised areas in economics, as well as an appreciation of the research literature in these areas
ILO: Discipline-specific skills
- 4. understand the economic basis behind current policy debates
- 5. critically assess different policy proposals
ILO: Personal and key skills
- 6. deliver coherent argument in written work, including coherent arguments for complex and often emotive policy and social issues
- 7. demonstrate analytical and critical thinking;
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|
|Scheduled Learning & Teaching activities||20||Lectures|
|Scheduled Learning and Teaching activities||5||Tutorials|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Exercises to be discussed during tutorials||Bi-weekly tutorial sheets||1-7||Discussions in tutorials plus solution guidelines to be posted on ELE|
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|
|Examination||80||2 hours||1-7||Answers posted online|
|Assignments||20||2 sets of problems||1-7||Answers poseted online - feedback on the assignments|
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|
|Examination and Assignments||Examination (2 hours) 100%||1-7||August Examination Period|
- Economics of the Environment
- Ethics and the economics of the environment
- Market efficiency and market failure
- Theory of environmental policy: Command-and-control, market-based instruments, Coasian bargains and payments for ecosystem services
- Common-pool renewable resources: overexploitation and policy, bioeconomics, fisheries and optimisation
- Natural capital, ecosystem services and economic decisions
- Valuing environmental goods and services: Stated and revealed preference methods
- The Economics of Brexit: Insights from Current Research
- Price Transmission and Competition: Why it Matters for Assessing Policy Outcomes
Indicative learning resources - Basic reading
The course materials will primarily rely on class notes, notes posted on the web, and handouts. Class notes will be available on the web. More details will be provided at the start of the module.
Module has an active ELE page?
Last revision date