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 Academic Year: | 2018/9 | |
| Owning Department/School: | Department of Economics | |
| Credits: | 6 [equivalent to 12 CATS credits] | |
| Notional Study Hours: | 120 | |
| Level: | Honours (FHEQ level 6) | |
| Period: |
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| Assessment Summary: | EX 100% | |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | Before taking this module you must take ES20011 | |
| Description:
| Aims: This course builds on intermediate microeconomics and applies microeconomic methods to problems of collective decision making. The course provides an introduction to the field of public choice by studying reasons for collective choice and introduces models how policy makers and governments and make decisions. Students will become familiar with the way microeconomic theory can be applied to analyse the incentives and motivations of those who participate in collective choice (e.g. voters, politicians, bureaucrats). More reference on stream of public economics in second year. Learning Outcomes: At the end of the unit students should be able to: * Apply microeconomic theory to explain and predict the behaviour of those participating in collective decision-making processes; * Understand and apply criteria that can be used to determine whether collective decision-making processes are successful; * Assess the potential impact on policy of reliance on particular voting rules; Explain why public policy might differ systematically from policy prescribed with reference to the normative criteria of 'efficiency' and 'equity'. Skills: The following are facilitated and assessed: abstract reasoning; information synthesis; diagrammatic skills; writing skills; numeracy skills. Content: The course unit begins with a review of welfare economics and the rationale for action by government. Comparisons are made of market and government solutions when there are externalities and when there are public goods. Processes for achieving 'optimal' solutions by collective action are evaluated. Voting rules are analysed and appraised. The impact of politicians, bureaucrats and interest groups are assessed when explaining reliance on particular policy instruments. | Before taking this module you must take ES20011 AND take ES20013 |
| Programme availability: |
ES30038 is Optional on the following programmes:Department of Economics
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Notes:
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