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EC4030: APPLIED ECONOMIC POLICY EVALUATION (2017-2018)

Last modified: 16 Nov 2016 18:26


Course Overview

This course focuses on the design, implementation and evaluation of various aspects of economic policy. It aims to develop a deep understanding of how the techniques of applied economic policy evaluation both draw upon economic theory and are implemented in practice and to develop a critical appreciation of their associated strengths and weaknesses. The course will include a range of micro- and macro-policy applications to develop students’ skills in applying relevant techniques to real world problems.

Course Details

Study Type Undergraduate Level 4
Session First Sub Session Credit Points 30 credits (15 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Dr Harminder Battu

Qualification Prerequisites

  • Programme Level 4

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

Course Aims

This course focuses on the design, implementation and evaluation of various aspects of economic policy. It aims to develop a deep understanding how the techniques of applied economic policy evaluation both draw upon economic theory and are implemented in practice and to develop a critical appreciation of their associated strengths and weaknesses.  The course will include a range of micro- and macro- policy applications to develop students' skills in applying relevant techniques to real world problems.

Main Learning Outcomes

At the end of the course, students will be able to understand the principles underlying design, implementation and evaluation of economic policy.  Students will understand how the techniques of applied economic policy evaluation; their theoretical under-pinning; and how they are implemented in practice, and have a critical appreciation of their associated strengths and weaknesses.  They will have developed skills in applying relevant economic techniques to real world problems.

Course Content

The course will include a range of applications to show how the methods may be applied in practice, help develop the students' skills in applying the techniques to practical, real work problems and show their limitations.  Applications may include appraisals of a large scale infrastructure project, evaluations of government policies such as the minimum wage, welfare-to-work policies, trade policies, electricity market reform, and so forth.  the course will cover a selection of four or five topical issues, which may include:

- Market failure and the role of government policy-making and the roles of microeconomic policy analysis; welfare economics foundations; first-best and second-best settings; efficiency and distributional considerations.
- Principles of project appraisal; economic efficiency; inter-temporal choices and discounting; equity considerations
- Economic appraisal from private and public perspectives; measuring benefits and costs in practice
- Econometric approaches to policy evaluation, including social and quasi natural experiments, and consideration of issues of endogeneity and causality.

Further Information & Notes

Only available to Level 4 students registered for joint or single Honours in Economics.

Degree Programmes for which this Course is Prescribed

None.

Contact Teaching Time

38 hours

This is the total time spent in lectures, tutorials and other class teaching.

Teaching Breakdown


Assessment

1st Attempt

Continuous Assessment: 30% individual assignment, up to 2000 words.
Written Examination: 70% 2hr examination.

Resit

No resit available at Level 4.

Formative Assessment

Via small group sessions and during lectures.

Feedback

Informally through discussions in small group sessions, and formally via feedback sheets.

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