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Module Title
LH Topics in Economic Theory and Practice
School
Birmingham Business School
Department
Birmingham Business School
Module Code
08 29198
Module Lead
Panos Fouskas
Level
Honours Level
Credits
20
Semester
Semester 1
Pre-requisites
Co-requisites
Restrictions
Available to all students who have been allowed onto the final year of a degree programme for which it is compulsory or who have passed Microeconomics and Macroeconomics
Exclusions
Description
This linked module examines several related areas of active application of economic theory. The topics covered vary but share the ultimate goal of developing an understanding of the fundamental assumptions underlying economic theory. The first part (semester 1) may cover discussions on the evolution of economic aggregates over time, the central ideas of economic growth, and the nature of the policy choices concerning equity and economic efficiency and some of their implications for taxation, unemployment and the distribution of income. The second part (semester 2) may discuss determinants and effects of different ways a domestic economy (a country) interacts with the rest of the world, such as effects of international trade on economic growth, institutional development, conflict, quality of institutions and forms of international relations.
Learning Outcomes
By the end of the module students should be able to:
demonstrate systematic knowledge and understanding of applications of technical analysis to specific economic issues and problems;
critically evaluate and interpret empirical results and the intuition behind them;
demonstrate systematic and detailed knowledge of fundamental assumptions underlying economic theory.