Contemporary Economic Policy

Programme:	Undergraduate
Module Code:	N11107
Semester:	Autumn
Convenor:	Michelle Haynes
Credits & Level:	10 credits; Level 1
Pre-requisites:	None.
Co-requisites:	None.
Target Students:	Available to Part I Business School students, including Modern Languages with Business and Geography with Business. Core module for Computer Science and Management Studies (part I) and Maths and Management (part I). Not available to Business School students on the Finance, Accounting and Management Programme nor the Industrial Economics Programme.
Delivery:	9 two-hour lectures, one 1-hour lecture, and three 1-hour tutorials
Assessment:	One 1.5 hour examination (100%)
Exam Format:	Section A: 25 multiple choice questions. Section B: 1 essay from a choice of 3. Section A is worth 40%, Section B is worth 60%
Summary of Content	This module introduces participants to the nature and scope of the macroeconomic policy agenda, and develops the analytical frameworks necessary for the evaluation of policy instruments. The module enables participants to understand the economic arguments that under-lie different views and to evaluate relevant arguments.
Aims	The module aims to provide participants with a good understanding of the nature and scope of economic policy and the economic theories upon which it is based. The emphasis is upon macroeconomic policy.
Key Words:	Macroeconomics; Aggregate Demand; Money and Interest Rates; Aggregate Supply; Unemployment and Inflation; Balance of Payments and Exchange Rates.
Learning Objectives & Outcomes	Knowledge and understanding This module develops a knowledge and understanding of: The development and operation of markets for resources, goods and services. A coherent core of economic principles, including the macroeconomics of employment, national income, the balance of payments, inflation, growth and money. Intellectual skills This module develops: The cognitive skills of critical thinking, analysis and synthesis, including the ability to identify assumptions, evaluate statements in terms of evidence, to detect false logic or reasoning, to identify implicit values, and to define terms adequately and to generalise appropriately. Professional practical skills This module develops: The ability to understand the operation of the macroeconomy and to use this knowledge to assist business planning and policy making. Transferable (key) skills This module develops: Effective self-management in terms of time, planning and behaviour, motivation, self-starting, individual initiative and enterprise.

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Contemporary Economic Policy

Nottingham University Business School