This module is not currently running in 2024 to 2025.
The module will deal with alternative solutions to the problem of resource allocation leading to consideration of the operation of the market mechanisms and how the decisions and actions of economic agents are co-ordinated. Economic systems will be evaluated including treatment of circumstances in which markets are considered to fail. Market failure will be analysed utilising the micro-economic techniques developed earlier.
Total contact hours: 44
Private study hours: 106
Total study hours: 150
Essay (1200 words) (25%)
Seminar Participation (15%)
In Course Test (45 minutes) (10%)
Exam (2 hours) (50%)
JYA English Plus alternative assessment in lieu of exam
Written Assignment (1500 words) (50%)
Reassessment method: 100% coursework
Anderton, A., (2015). Economics (6th edition). Ormskirk: Anderton Press.
Begg, D., Fischer, S. & Dornbusch, R. (2005). Economics (8th Edition). London: McGraw Hill.
Sloman, J. & Garrat, D. (2013). Essentials of Economics (6th Edition). Harlow: Prentice Hall.
See the library reading list for this module (Canterbury)
Specific Learning Outcomes:
Use and apply appropriate techniques and models to deal with new and unfamiliar problems.
Identify and explain causal relationships in the explanation of economic phenomena.
Understand and apply economic concepts and terminology accurately and appropriately.
Demonstrate knowledge and understanding of a range of economic problems and proposed solutions.
Identify the assumptions underlying economic theories.
Evaluate policy responses to a range of economic issues and problems.
Generic Learning Outcomes:
Construct a sustained, logical argument in essay form, utilising appropriate evidence to illustrate and support their arguments.
Take into account alternative perspectives and to demonstrate balance as a basis for reaching reasoned conclusion.
Identify and analyse the requirements of questions and to select material to enable them to produce concise and relevant responses within time constraints.
Research topics in depth to obtain material and evidence to support a sustained argument.
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