Applied Economics - ECO00003H

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Module will run

Occurrence	Teaching period
A	Autumn Term 2022-23 to Summer Term 2022-23

Module aims

• The identification of theories applicable to issues of economic policy
• The identification of the form of evidence against which the predictions of such theories can be tested and the results of tests carried out
• The conclusions and recommendations for policy derivable from theory and empirical evidence

Module learning outcomes

On completing the module a student should be able to answer the following questions:

• Why is a particular outcome a policy problem? What is wrong with, say, a 5 percent annual rate of inflation?
• Which economic theories are relevant for an analysis of the defined problem, and in particular what alternative predictions and explanations of outcome do these theories offer?
• What is the most reliable form of evidence against which theories can be tested and which theory does the weight of available evidence support?
• What should and can be done by way of policy?

Indicative assessment

Task	% of module mark
Online Exam -less than 24hrs (Centrally scheduled)	100

Special assessment rules

None

Indicative reassessment

Task	% of module mark
Online Exam -less than 24hrs (Centrally scheduled)	100

Module feedback

Information currently unavailable.

Indicative reading

There is no single text, or small set of texts, which is adequate for this module. We will use several academic journal articles. However, the textbook "Mostly harmless econometrics: An empiricist's companion, by Angrist, Joshua D., and Jörn-Steffen Pischke , Princeton university press, 2008" provides useful background material.