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New Directions in Economics

Module code: ECON 2548

Module description

The module builds on the introductory microeconomics and macroeconomics modules from first year. It develops a critical and contextual approach to economics that explores the new directions that the discipline is moving in and the (long-standing) critique of orthodox economic theory. This critique has been given much recent weight by the 2008 financial crisis and parallels concerns about how economics is being taught. As such, a variety of developing strands of economic theory will be explored - for instance, behavioural economics, ethics - with some assessment of the impact of these developments upon mainstream economic theory (typically neoclassical). One way of describing this is heterodox economics.

The module draws on a range of contemporary economic issues, at a predominantly microeconomic level, and explores these through the lecture and tutorial programme. The purpose of the module is to provide insight to economic issues and the application of theory, and to reflect where the discipline of economics may be going.

Contact hours per student per year

  • Lectures: 22 hours
  • Tutorials: 8 hours

Assessments

  • Reflective commentaries on case studies (6x 200 words - approx. 1200 words):50%
  • Exam (60 mins): 50%                  

Additional costs: No extra costs other than purchase of books