Nottingham University Business School
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Public Choice and Economic Policy-Making

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N13407

Semester: Spring

Convenor: Alistair Bruce

Credits & Level: 10 credits; Level 3

Pre-requisites: N11115 (Microeconomics for Business B1) or N11116 (Business Economics B1) or N11607 (Business Economics) or similar approved modules within the School of Economics.

Co-requisites: None.

Target Students: Available to all Part I and Part II students with the required pre-requisite N11115 Microeconomics for Business B1 OR N11116 Business Economics B1 OR similar approved modules within the School of Economics. CANNOT be taken by Part II Economics students.

Delivery: 11 one-hour lectures plus 3 one-hour seminars

Assessment: One 1.5-hour examination. (100%)

Exam Format:Answer Two questions. Paper contains Five questions. All questions carry equal marks.

Summary of Content This module examines the processes and influences involved in the making of UK economic policy, from a public choice perspective.

Aims To develop an understanding of the processes and influences involved in economic policymaking in the United Kingdom, using a public choice framework

Key Words:
Policymaking, public choice economics, policy systems and processes

Learning Objectives & Outcomes Knowledge and understanding
This module develops a knowledge and understanding of:
  • The development of appropriate policies and strategies within a changing environment to meet stakeholder interests
  • The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues
  • Economic policy at the macroeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
  • Development of a comprehensive appreciation of the diversity of stakeholders in UK economic policy making, and the complexities of their interactions.
Intellectual skills
This module develops:
  • The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
  • Conceptual and critical thinking, analysis, synthesis and evaluation
  • The ability to adopt an interdisciplinary perspective on policy design and implementation, combining insights from political science and economics.
Professional practical skills
This module develops:
  • Appreciation of complexity of decision-making in economic policy as an asset in bringing business interests to bear on policy design.
Transferable (key) skills
This module develops:
  • Communication and listening including the ability to produce clear, structured business communications in a variety of media
  • An awareness of the interpersonal skills of effective listening, negotiating, persuasion and presentation and their use in generating business contacts
  • Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time
  • Ability to work with people from a range of cultures
  • Articulating and effectively explaining information
Knowledge and understanding (Industrial Economics)
This module develops a knowledge and understanding of:
  • The applications of economics to design, guide and interpret commercial, economic, social and environmental policy.
  • Economic principles and tools addressing the microeconomic issues of decision and choice
  • Economic principles and tools addressing the microeconomic issue of the interdependency of markets
  • Economic principles and tools addressing the microeconomic issue of economic welfare
  • Economic principles and tools addressing the macroeconomic issue of financial and business cycles
  • Economic policy at the microeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
  • Have the ability to discuss and analyse government policy and to evaluate the performance of the UK and other economies, past and present.



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Nottingham University Business School

Jubilee Campus
Nottingham
NG8 1BB

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