Public Economic Management

Modlar value: 20 credits

Module Convenor: Simon Delay

Public Economic Management provides an introduction to public economics, with an emphasis on low and middle income countries. It begins by over viewing economic development and the changing economic role of the state then proceeds to define policies and analyse trade-offs between them. This is followed by a closer look at aspects of managing stabilisation of the economy, trade and the environment. There is an emphasis throughout on practical techniques of analysis.

Learning Outcomes

By the end of the module you will be able to discuss critically the following issues:

  • Causes of economic development;
  • Relations between economic development and state development;
  • Public goods definitions and uses;
  • Economic policy tools and effects of their use under varying circumstances;
  • Trade-offs between policies;
  • Measures of trade competitiveness;
  • Measures of trade protection;

Be able to analyse the above issues in terms of philosophical and theoretical underpinnings

  • Ability to work in multidisciplinary and multicultural teams
  • Ability to draft quickly and clearly and to present clearly

Teaching and learning approach

The module will be delivered using a range of teaching and learning methods in a highly participatory environment, including interactive lectures, group discussions, student presentations, case studies, visiting speaker.

Topics covered include:

  • Economic development - definition, measures, theories
  • The state and public economic management
  • Economic policies and trade-offs
  • Macroeconomic consistency framework
  • Managing the currency and central bank
  • Competitiveness and trade policy
  • Policy analysis matrix for measuring trade protection
  • Economic policy and the environment

Assessment

The assessment for the module will consist of a 3 hour examination worth 50% of the marks, plus a 3,000 word essay, worth 50% of the marks; submission date for assignment (to be announced). Assignment topic for each student will be notified at second meeting of class.

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