POLITICAL ECONOMY - 2021/2
Module code: ECO3055
In light of the Covid-19 pandemic, and in a departure from previous academic years and previously published information, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2020/21.
These changes include the implementation of a hybrid teaching approach during 2020/21. Detailed information on all changes is available at: https://www.surrey.ac.uk/coronavirus/course-changes. This webpage sets out information relating to general University changes, and will also direct you to consider additional specific information relating to your chosen programme.
Prior to registering online, you must read this general information and all relevant additional programme specific information. By completing online registration, you acknowledge that you have read such content, and accept all such changes.
This module introduces students to the field of political economy, which combines insights from politics into the study of economic performance. The module covers key theoretical models as well as their relation to the recent empirical evidence. The module focuses on the formal modelling of political behaviour and political institutions using microeconomic concepts and investigates the interplay between policy making and economic outcomes. The module builds a foundation for thinking economic modelling as a tool for policy formation and a tool for understanding the world better.
BOZBAY Irem (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 6
JACs code: L150
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Indicative content includes:
Political Economy of Redistribution
Evolution of Inequality
Institutions, Incentives and Power
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||COURSEWORK - CLASS TEST (45 MINS)||30|
|Examination||2 HOUR EXAMINATION||70|
The assessment strategy is designed to provide students with the opportunity to demonstrate
Knowledge of the main theoretical and empirical findings in political economy;
Ability to apply the knowledge of core concepts from microeconomics to major issues in political economy;
Ability to apply technical skills introduced in the module.
Thus, the summative assessment for this module consists of:
A class test (worth 30% of the overall mark)
A final exam (worth 70% of the overall mark)
Formative assessment and Feedback
Students receive verbal feedback during lectures (in which questions and real-world examples in economics are both attempted and discussed). Feedback to assessments will be given during lectures and students will be provided feedback documents which summarise commonly made mistakes in the assessments. For the course work and the exam, sample questions are made available for students so that they can familiarise themselves with the setup.
- provide a broad overview of important results from political economy
- build a foundation for thinking about the role of political economy in understanding economic outcomes
- provide a modelling based logic for reasoning about the crucial political issues, such as electoral competition, democracy and policy making; inequality and redistribution
|001||Demonstrate a broad knowledge of the important theoretical and empirical results of political economy||KCP|
|002||Analyse and interpret the main empirical and theoretical findings in political economy||KCPT|
|003||Apply core concepts from microeconomics to reason about political issues such as democracy and inequality||KCP|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 128
Lecture Hours: 22
Methods of Teaching / Learning
The learning and teaching strategy is designed to:
enhance understanding and intuition of political economy;
enhance ability to discuss political issues using results in microeconomics;
courage thinking about the role of political economy in understanding economic outcomes and policy making;
provide skills in applying mathematical methods to political economy.
The learning and teaching methods include:
2-hour lecture per week x 11 weeks
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list for POLITICAL ECONOMY : http://aspire.surrey.ac.uk/modules/eco3055
Programmes this module appears in
|Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Business Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Economics and Finance BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Politics and Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2021/2 academic year.