ECON3007 - Economic Policy Analysis

Terms 1 & 2



Aims:

To provide final year students with the opportunity to explore the way in which economic theory and evidence can be used to analyse topical policy issues. The module should be of particular value to students who intend to work as professional economists in government departments or other agencies, where they will be expected to provide economic analysis and advice on specific issues of policy, including new and unfamiliar issues about which textbooks say very little.

Objectives:

At the end of the module, students should:

  • Have an understanding of the application of economic theory and empirical methods to issues in current economic policy analysis
  • Have had the experience of analysing a complex and unfamiliar issue, drawing on their knowledge of economic theory and methods, and on a range of relevant research and policy papers, without being able to rely on comprehensive textbook treatments
  • Be able to write cogent and well-argued analyses of a number of aspects of the issues they have studied, making appropriate use of both theory and empirical evidence
  • Be able to cooperate with other class members to produce a coherent team-presentation
Taught by:
Pedro Carneiro, Course coordinator
Assessment: 14 two-hour lectures and 8 two-hour compulsory tutorial classes. Required coursework: 5 written assignments and a team class presentation. The module will be examined by a 3-hour written examination in Term 3. One component of the exam will involve the analysis of an unseen document (e.g. a newspaper article or policy document).
Suitable for:
3007 is available only to students who have already completed the three second-year core units: ECON2001: Microeconomics, ECON2004: Macroeconomic Theory and Policy and ECON2007: Quantitative Economics and Econometrics. A thorough understanding of the material taught in the core units will be assumed in the teaching of 3007.
Prerequisites: ECON2001: Microeconomics, ECON2004: Macroeconomic Theory and Policy and ECON2007: Quantitative Economics and Econometrics.
Moodle page:
ECON3007