Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Economics 3: Economic Policies and Growth ECON3022

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 30
  • Level: Level 3 (SCQF level 9)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

This course will analyse business cycles, economic growth and stabilising economic policies (eg: increasing employment, stabilising the value of money). Students will learn about fiscal and monetary policy as well as income and market policies. Furthermore, the course will involve some data analysis to measure business cycles and economic growth.

Timetable

Lectures: 10 x 2 hours with a 2-hour lecture per week

Seminars: 10 x 1 hour

Data analysis workshop 1 x 2 hours

Revision = 1 Hour

Requirements of Entry

Normally a grade D or above in ECON2001 Economics 2A and ECON2002 Economics 2B. 

Level 2 Economics and Business Economics students entering the Ordinary degree (Level 3) must have achieved a D3 or above in ECON1012 and ECON1013 (or equivalent courses).

Excluded Courses

None

Co-requisites

ECON3023 Economics 3: Topics in Economics

Assessment

ILO (covered)

Main Assessment In: April/May

Course Aims

The general aims of this course are:

■ to give students a thorough knowledge of economic growth and business cycles through economic models and data analysis;

■ to equip students with the skills to analyse forms of governmental policies such as fiscal policy, monetary policy as well as income and market policy to influence economic growth and business cycles;

■ to analyse strategies for combating recessions and stabilise the economy.

Intended Learning Outcomes of Course

By the end of this course students will be able to:

1. reproduce a detailed knowledge of different forms of business cycles as well as their phases using economic models;

2. explain various reasons for economic growth and employment fluctuations;

3. illustrate a critical understanding of policies and their effective use;

4. effectively write to impart information to specialists as well as non-specialists;

5. analyse and clearly present macroeconomic data, including using spreadsheet packages such Excel.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.