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EC4030: APPLIED ECONOMIC POLICY EVALUATION (2022-2023)

Last modified: 31 May 2022 13:23


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 Aberdeen Sustained Study No
Co-ordinators
  • Dr Takahiko Kiso

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

  • EC2003 Intermediate Microeconomics (Passed)
  • One of Economics (EC) (Studied) or Master Of Arts In International Business or Master Of Business In International Business or Master Of Business In International Business With Gaelic or Master Of Business In International Business With French or Master Of Business In International Business With German or Master Of Arts In International Business With Spanish or Master Of Business In International Business With Spanish or Master Of Arts In International Business With Gaelic or Master Of Arts In International Business With French or Master Of Arts In International Business With German or Master Of Arts In International Business With Mandarin or Master Of Business In International Business With Mandarin
  • EC2503 Intermediate Macroeconomics (Passed)
  • Any Undergraduate Programme (Studied)
  • Either Programme Level 4 or Programme Level 5

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.


Details for second half-session courses, including assessments, may be subject to change until 23 December 2022.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 2 Lectures during University weeks 8 - 17
  • 1 Tutorial during University weeks 10, 12, 14, 16, 18

More Information about Week Numbers


Details for second half-session courses, including assessments, may be subject to change until 23 December 2022.

Summative Assessments

Exam

Assessment Type Summative Weighting 70
Assessment Weeks Feedback Weeks

Look up Week Numbers

Feedback
Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Essay

Assessment Type Summative Weighting 30
Assessment Weeks Feedback Weeks

Look up Week Numbers

Feedback

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

Word Count 2000
Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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