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ES20022: Economic thought & policy

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
  • Examination (EX 100%)
Further information on supplementary assessment Supplementary Assessment: ES20022 Resit Examination (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take ES10001 and take ES10002
Further information on descriptions Description: Aims:

* To familiarise students with a range of primary source texts written by major economists from the late eighteenth to the mid twentieth century.
* To stimulate an interest and knowledge base in the historical development of economics in Britain.
* To convey the relevance of the economics of earlier writers to an understanding of present day economic thought and debate.

Learning Outcomes:
Students will have developed an understanding of the economic models and contributions to policy of a number of major economists from Adam Smith to John Maynard Keynes and the context within which these models were relevant. Students will have acquired "first hand" knowledge through reading primary sources.

Reading and assimilating primary source texts; exposure to critical debate in the development of economic argument.

The historical development of economic thought and policy from the beginning of the industrial revolution in the eighteenth century - themes and debates from Smith to Keynes. The main economists considered are Smith, Malthus, Ricardo, Mill, Jevons, Marshall and Keynes. Key texts:
* Primary sources (internet links);
* Ekelund and Hebert A History of Economic Theory and Method;
* R.Heilbroner The Worldly Philosophers;
* Three Great Economists Smith, Malthus Keynes (Oxford, Past Masters p/b).
Further information on programme availabilityProgramme availability:

ES20022 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 2)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 2)
Department of Politics, Languages and International Studies
  • UHPL-AFB10 : BSc(Hons) Politics with Economics (Year 2)
  • UHPL-AAB10 : BSc(Hons) Politics with Economics with Study year abroad (Year 2)
  • UHPL-AKB10 : BSc(Hons) Politics with Economics with Year long work placement (Year 2)

ES20022 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 2)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 2)
  • UHES-AFB02 : BSc(Hons) Economics and International Development (Year 2)
  • UHES-AKB02 : BSc(Hons) Economics and International Development with Year long work placement (Year 2)
School of Management
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 2)

* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.