| Unit name | Applied Microeconomics |
|---|---|
| Unit code | EFIM20002 |
| Credit points | 20 |
| Level of study | I/5 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Dr. Spittal |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) | |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
Why is this unit important?
Economists aim to answer key questions about the real-world, using both theory and empirical evidence. This unit provides students with an opportunity to understand how microeconomic principles can be applied to real-world problems.
How does this unit fit into your programme of study?
This unit builds upon the microeconomics and econometrics you have learnt in the first two years of the programme, and will give you the opportunity to synthesise evidence from both theoretical microeconomic models, with empirical evidence.
Overview of content
The main aim of the course is to show how micro-economic principles can be used to understand real-world issues. The course covers a range of topics: recent examples have included Minimum wages, Targeted benefits, Healthcare and Environmental taxation.
The main focus of this course will be on how the theory can be applied in practice - looking both at theoretical insights into the issues and at relevant empirical evidence.
How will students, personally, be different as a result of the unit?
Students will develop an understanding of how economists use a combination of theory, and empirical evidence to evaluate key economic questions; they will be able to synthesise the ideas from theory and empirics to come to conclusions about the real world.
Learning Outcomes
By the end of the course the students will be able to:
Teaching will be delivered through a combination of large and small group classes, supported by online resources
Tasks which count towards your unit mark (summative):
Both assignments assess all learning outcomes.
When assessment does not go to plan:
If students fail the unit such that credit points cannot be awarded at the first attempt, they will be given a reassessment exercise to replace the failed element(s).
These elements will be;
Both assignments assess all learning outcomes.
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM20002).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the University Workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
