1. To provide students with a knowledge of advanced economic principles and an awareness of their application relevant to the scheme of study.
2. To provide students with the necessary underlying skills of research methods used in economics.
3. To establish a critical awareness of the integration of theory, data, and analysis.
4. To provide students with an awareness of the nature of the economic research process.
5. To prepare students for work as professional economists and for further academic study of economics
Learning outcomes and learning, teaching and assessment methods
On successful completion of the programme a graduate should demonstrate knowledge and skills as follows:
A: Knowledge and understanding
A1: Knowledge of advanced economic principles at the forefront of financial economics
A2: Knowledge of a range of applications at the forefront of financial economics
A3: Knowledge and understanding of sources available for research
A4: Understanding of the relationships between theory and empirical research in economics and finance
A5: Awareness of the significance of alternative theoretical and methodological approaches to economic and financial analysis
A6: Knowledge of the core methods used to analyse economic and financial data
Outcomes A1-A6 are acquired through lectures, classes, and related coursework.
Lectures are used to present material - ideas, data and arguments - in a clear and structured manner.
Lectures are also used to stimulate students' interest in learning economic research methods. These research methods are then practiced when writing term papers
Classes and preparation for lectures and classes, provide an opportunity for students to develop their knowledge and understanding of the content of the courses.
Preparation for term papers, the 3rd-year dissertation and for examinations aids students in developing this knowledge and understanding.
Throughout, students are encouraged to engage in independent study.
Students are expected to extend and enhance the knowledge and understanding they acquire from lectures and classes by regularly consulting library materials relating to the course.
Term papers and the 3rd-year dissertation are particularly useful in developing A3.
Outcomes A1-A6 are assessed throughout the courses comprising the degree by means of written examinations with compulsory term papers.
Outcomes A1 and A6 are also assessed in certain courses through written tests.
B: Intellectual and cognitive skills
B1: Logically analyse a specified problem in economics and financial economics and choose the most appropriate methods for its solution
B2: Exercise critical judgement in assessing the weights of competing theories and appraising their merits
B3: Formulate a coherent economic argument
B4: Construct reasoned, informed and concise descriptions and assessments of ideas at the forefront of financial economics
B5: Critically evaluate and interpret empirical evidence
Skills B1-B5 are acquired and enhanced primarily through the work that students do for their courses, although lectures provide a means for teachers to demonstrate these skills through example.
Student preparation involves the reading, interpretation and evaluation of the economics literature, including texts and research papers, and the analysis of empirical evidence.
Teachers provide feedback on student work through comment and discussion.
In addition, teachers engage students outside the classroom through office hours, appointments, and email.
The term papers and 3rd-year dissertation in particular are additionally used to develop a student’s mastery of the combined application of economic principles and empirical methods, as well as their analytical ability and understanding of the research process.
Skills B1-B5 are assessed throughout the courses comprising the degree by means of written examinations with compulsory term papers.
Skills B1 and B5 are also assessed in certain courses through written tests.
C: Practical skills
C1: Identify, select and gather information using relevant sources, including the library and online searches
C2: Organise ideas in a systematic and critical fashion
C3: Present and critically assess advanced economic ideas and arguments coherently in writing
C4: Use and apply economic terminology and concepts
C5: Apply econometric techniques to the analysis of quantitative data and summarise the results
C6: Independently plan and undertake extended written work
C7: Apply the necessary organisational and cultural skills for living and working abroad.
Skills C1-C5 are acquired and enhanced primarily through the work that students do for their courses.
Lectures also provide a means of teachers demonstrating these skills through example.
Skill C5 is acquired to a greater degree in courses that focus on econometrics.
This skill is reinforced or supplemented depending on the optional courses taken.
Skill C6 is acquired through the work that the students do for term papers and the 3rd-year dissertation.
Skill C7 is acquired through the guided but relatively independent process of organising and successfully completing a period of living and studying abroad
Skills C1-C5 are assessed throughout the courses comprising the degree by means of written examinations with term papers.
Skills C1 and C2 are also informally assessed by student's preparation for each course.
Skill C5 is also assessed in certain courses through written tests.
Skill C6 is assessed through term papers and the 3rd-year dissertation.
Skill C7 is assessed during the international exchange year.
D: Key skills
D1: Communication in writing, using appropriate terminology and technical language
D2: Production of a word-processed research papers and 3rd-year dissertation. Development of web-skills
D3: Use of mathematical techniques to construct economic models and the use of econometric methods to analyse economic data
D4: Application of economic reasoning to address complex issues involving economic phenomena
D5: Capacity to:
(a) organise and impliment a plan of independant study;
(b) reflect on his or her own learning experience and adapt in responce to feedback; and
(c) recognise when he or she needs to learn more and appreciate the role of additional research
Students are guided in acquiring skills D1-D5 through lectures, classes and individual advice from teachers.
These skills are further developed as students pursue the learning activities associated with their courses.
Term papers and the 3rd-year dissertation enable students to acquire skill D2 and also assists them in acquiring skills D1, D4 and D5.
Students also have the opportunity to develop skills in working in groups through their participation in classes for courses, especially the applied ones.
Skills D1, D3, D4 and D5 are assessed throughout the courses comprising the degree by means of examinations with compulsory term papers or written tests.
Term papers and the 3rd-year dissertation also provides a particular further means for an overall assessment of communication (D1), using IT (D2), problem-solving skills (D4), and self-learning (D5).