Module specification · Web viewIt is encouraged through applications requiring economic and econometric analysis, which involve Website searches, use of library resources and the

Module title: Agricultural Policies for Developing Countries

Module Code ECM01 -AE A21 & AE B24 Providing Department: Agriculture and Food

EconomicsLevel: M Number of credits: 20Terms in which taught

Autumn, Spring

Module convenor: Prof. A. Swinbank

Pre-requisites: NoneCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To develop skills in the economic analysis of policy, and to instil an understanding of the key issues and debates in the main areas of policy for agricultural development in the developing world.INTENDED LEARNING OUTCOMES:Assessable outcomes

Understanding of the fundamental principles of policy analysis. Familiarity with key policy issues facing the food and agricultural sectors in

developing and developed economies. Appreciation of the role economics has to play in informing sectoral policy advice. Understanding of the issues that arise when making choices of policy for selected

topics in agricultural development.Additional outcomesNoneOUTLINE CONTENT:AE A21 Policy Analysis (Prof. A. Swinburn)

Context: government and market failures, the New Public Management The basic analytics of policy analysis Price policies for developing countries Domestic policies and international regulation Environmental concerns

AE B24 Agricultural Policies in Developing Countries (Dr X. Irz) Agricultural and rural credit Agricultural research and technology policy Lane tenure Food security and famine Irrigation Livestock Plantations

TEACHING AND LEARNING METHODS:AE A21 consists of 9 x 2 hour lectures, plus TestAE B24 consists of 9 x 2 hour lectures

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CONTACT HOURS:Autumn - AE A21 Spring - AE B24

Lectures 9 x 2 hours 9 x 2 hoursTutorials/seminars - -Practicals - -Other contact (eg study visits)

Test - 2 hours -

Total hours 20 18Number of essays orassignments

test 1

Other (eg major seminar paper)

Short essay questions -

ASSESSMENT:CourseworkAE A21 - Test in week 10, Autumn Term, 90 minutes, short essay questions.AE B24 - Term Paper to assess a particular set of policies in one country, limit 3,000 words, to be submitted by Friday, week 1 of the Easter vacation.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree. Test and Term Paper have equal weight in the coursework assessment.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne three-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsCoursework: In the event that your mark for either the Test or the Term Paper is less than 50%, you may choose to be reassessed. The maximum mark that may be awarded in this second and final attempt is 50%. Should the mark for the reassessment be less than that awarded at the first attempt, the latter mark will prevail. Autumn Term modules are normally reassessed in the first two weeks of the Spring Term. Spring Term modules are normally reassessed in the first two weeks of the Summer Term.Examination: according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: The Economics of Banking

Module code: ECM02 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. F. Sheik RahimPre-requisites: A good understanding of core microeconomics

and macroeconomics at an undergraduate level; knowledge of differential calculus

Co-requisites: NoneModules excluded: None Current from: October 2003

AIMS: To provide a solid analysis of the microeconomics of financial intermediation. It attempts to justify the existence of banks both from a traditional, industrial organisation approach, and from an informational economics standpoint. The latter approach will be pursued further so as to explain phenomena like credit rationing, excessive risk-taking, bank runs and financial crises. Finally, the course will end with a macroeconomic note on how introducing financial imperfections in an economy alters the traditional transmission mechanism of monetary policy.INTENDED LEARNING OUTCOMES:Assessable outcomesUnderstanding of the irrelevance of banks in an Arrow-Debreu world of complete markets, and of the different justifications for their presence in an economy. Ability to draw from the recent advances in information economics to understand the special nature of financial intermediation, and the logic for financial regulation.Additional outcomesStudents would be required to work independently on an essay, which would require gathering and organising a significant amount of relevant information. Exercises using examples will enhance their analytical and practical skills.OUTLINE CONTENT:

Rationale and principle of financial intermediation. What is so special about banks? Modelling Bank behaviour: the industrial organisation approach. Information asymmetries as a source of externality, and market failure. Credit rationing Runs, panics and crises. Financial imperfections and the transmission channels of monetary policy.

TEACHING AND LEARNING METHODS:Detailed guidance on the topics covered will be provided in the 10 x 2 hours weekly lectures, together with comprehensive handouts covering the material discussed, examples, exercises and solutions to facilitate understanding of key concepts. Students will be required to do exercises corresponding to each topic, to read a significant amount of journal articles, and to undertake research using the Internet.

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CONTACT HOURS:Autumn

Lectures 10 x 2 hoursTutorials/seminars -Practicals -Other contact (eg study visits)

-

Total hours 20Number of essays orassignments

1 essay and 1 end of term test


-

ASSESSMENT:CourseworkOne essay to be submitted by a specific date. The essay is selected from a choice of broadly defined topics, covering a significant part of the course.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional sale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Banking and Financial Services

Module code: ECM03 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. F. Sheik RahimPre-requisites: A good understanding of core microeconomics

and macroeconomics at an undergraduate level; knowledge of differential calculus


AIMS:To offer a systematic treatment of risk management in modern banking from microeconomic, macroeconomic and international standpoints.INTENDED LEARNING OUTCOMES:Assessable outcomesA systematic understanding of the three layers of risks present in modern banking. Ability to:1. Apply the tools offered by modern finance theory to the management of the different

microeconomic or idiosyncratic risks present in financial intermediation:2. Critically appraise the methods used by monetary and financial authorities to prevent and

deal with macroeconomic or systematic risks that affect the whole financial system in the form of bank failures, runs and financial crises;

3. Appreciate the challenges posed by financial innovation and global financial integration and discuss the ways of dealing with the increasing risks of an international propagation of crises.

Additional outcomesStudents would be required to work independently on an essay, which would require gathering and organising a significant amount of relevant information. Exercises using examples will improve their analytical and practical skills.OUTLINE CONTENT:

Methods of risk management– Default risk management.– Liquidity risk management.– Market risk management.

Monetary and financial policy– Deposit insurance.– Lender of last resort.– Capital adequacy ratio.

Financial Innovation. International Banking

– UK, European and emerging-market aspects.TEACHING AND LEARNING METHODS:Detailed guidance on the topics covered will be provided in the 10 x 2 hours weekly lectures, together with comprehensive handouts covering the material discussed, case studies, exercises and solutions to facilitate understanding of key concepts. Students will be required to attempt exercises corresponding to each topic, to read a fair amount of journal articles, and to undertake research using the Internet.

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CONTACT HOURS:Spring


-


1 essay and 1 end of term test


-

ASSESSMENT:CourseworkOne essay to be submitted by a specific date. The essay is selected from a choice of broadly defined topics, covering a significant part of the course.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Comparative Management

Module code: ECM04 Providing department: ManagementLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. P. MiskellPre-requisites: NoneCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:This module examines national systems of corporate governance and management.INTENDED LEARNING OUTCOMES:Assessable outcomesA thorough understanding of the evolution of different national corporate governance systems throughout the world. A good understanding of the working of different national business systems, including those of the U.S., the major European economies and Japan.Additional outcomesStudents will learn to work independently under pressure of time, and to organise diverse empirical material.OUTLINE CONTENT:

The nature of corporate governance systems, Insider and outsider systems of corporate governance.

Systematic surveyed critique of U.S., European and Japanese systems of corporate governance.

TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books.


Lectures 10 x 2 hoursTutorials/seminars -Practicals -Other contact (eg study visits)Total hours 20Number of essays orassignments

1


-

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ASSESSMENT:CourseworkOne 3,000 word essay submitted by a specified date. The essay is selected from a choice of three broadly defined topics which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hr 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: International Management and Business Culture

Module code: ECM05 Providing department: ManagementLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. P. MiskellPre-requisites: NoneCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:This module examines, from an international comparative perspective, key issues in management such as management education and the role of managers in society, and introduces the theory and practice of cross-cultural management.INTENDED LEARNING OUTCOMES:Assessable outcomesA good knowledge of key issues in international management such as the theory and practice of cross-cultural management, the role of managers in society, management in SME's, the functions of middle managers and gender and management. A systematic knowledge of the key issues in international management such as cross-cultural management, the role of managers in society, and gender and management.Additional outcomesStudents will learn to work independently under pressure of time, and to organise diverse empirical material.OUTLINE CONTENT:

The theories of cross-cultural management. The role of culture in international negotiations, and in motivating staff

Management in Small and medium sized enterprises, middle management Comparative Systems of management education The role of managers in society and gender and management

TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books.



1


-

30

ASSESSMENT:CourseworkOne 3,000 word essay submitted by a specified date. The essay is selected from a choice of three broadly defined topics which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Business Strategies and Policies

Module code: ECM06 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Prof. M.A. UttonPre-requisites: A good understanding of core

microeconomics at an undergraduate levelCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To show how economic analysis can be applied to the strategic behaviour of business firms, especially in relation to their pricing, advertising and product variation policies.INTENDED LEARNING OUTCOMES:Assessable outcomesAn understanding of how modern economic analysis is applied to the strategic behaviour of firms operating in oligopolistic markets. An appreciation of those applications to both price and non-price variables, illustrated through a number of case studies.Additional outcomesStudents will learn to work independently under pressure of time. They will also develop general skills in formulating and presenting to others complex arguments and illustrations.OUTLINE CONTENT:

Issues in strategic behaviour:- Non-collusive and collusive oligopoly- Pricing to deter entry- Non-price strategies to deter entry

Business policies- Price discrimination- Vertical restraints- Diversification

TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles, chapters of books, case material and websites of major companies.


Lectures 9 x 2 hoursTutorials/seminars Test x 2 hoursPracticals -Other contact (eg study visits)Total hours 20Number of essays orassignments

1


Test

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ASSESSMENT:CourseworkOne essay and a test at the end of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 2,500 word essay (20%) and a test of 2 hours (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Policies Towards Business: National and International Antitrust PolicyModule code: ECM07 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Prof. M.A. UttonPre-requisites: A good understanding of core

microeconomics at an undergraduate levelCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To show how economic principles can be applied to antitrust/competition policy in both a national and international context. The impact of market globalisation and proposals for international co-operation on competition policy are also considered.INTENDED LEARNING OUTCOMES:Assessable outcomesAn understanding of how modern economic analysis is brought to bear upon the antitrust policies of (particularly) the European Union and the United States. An appreciation of the complexities involved in the assessment of market dominance, collusive behaviour and large mergers by means of detailed study of recent cases. The ability to draw together and assess complex economic arguments and present the implications to non-specialist audiences.Additional outcomesStudents will learn to work independently under pressure of time. They will also develop generic skills for future employment and professional development.OUTLINE CONTENT:

Economic foundations of antitrust policy Framework of EU and US policy Specific antitrust issues

- horizontal dominance- tacit collusion- horizontal and vertical mergers

International issues- conflicts of trade and antitrust standards- proposals for an international antitrust policy- international civil aviation: a case study

TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles, chapters of books and legal reports of particular cases.

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Lectures 9 x 2 hoursTutorials/seminars 1 Test x 2 hoursPracticals -Other contact (eg study visits)Total hours 20Number of essays orassignments

1


Test

ASSESSMENT:CourseworkOne essay and a test at the end of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 2,500 word essay (20%) and a test of 2 hours (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Corporate Finance

Module code: ECM08 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. C. PadgettPre-requisites: A good understanding of the theory of the firm

as contained in undergraduate Microeconomics. Knowledge of differential calculus and regression analysis.

Co-requisites:Modules excluded: None Current from: October 2003

AIMS:This course aims to give students a thorough understanding of the major financial decisions taken by firms. By the end of the course they should understand the theory underlying capital budgeting, risk assessment and financing choices, and appreciate the empirical evidence on the relevance of the theoretical approaches discussed.INTENDED LEARNING OUTCOMES:Assessable outcomesA good understanding of the theory and practice of capital budgeting. Knowledge of the controversies surrounding the capital structure and dividend decisions made by firms. An appreciation of the risk management techniques available to business.Additional outcomesStudents will learn to work independently and to manage their time. They will gain experience in using spreadsheets to analyse financial data.OUTLINE CONTENT:

Capital budgeting under certainty Asset pricing models Capital structure Dividend policy Risk management

TEACHING AND LEARNING METHODS:Exposition of the main topics of the syllabus is provided in 9 x 2 hour lectures. 4 x 1 hour tutorials are used for the discussion of exercises and to deal with queries arising from the lectures. Students are required to do a significant amount of reading from books and journals.


Lectures 9 x 2 hoursTutorials/seminars 4 x 1 hour,

1 Test x 2 hoursPracticals -Other contact (eg study visits)Total hours 24Number of essays orassignments

2 exercises


1 Test

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ASSESSMENT:CourseworkTwo exercises chosen from the four tutorial topics, and an end of term test.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of two exercises (20%) and a test of 1 hr 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Financial Markets and Corporate GovernanceModule code: ECM09 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. C. PadgettPre-requisites: Previous study of finance (covering the topics on module 8)

or module 8, intermediate microeconomicsCo-requisites:Modules excluded: None Current from: October 2003

AIMS:This course aims to introduce students to the ways in which different types of financial markets work, with an emphasis on trends in markets in the U.K. It also discusses the ways in which the ownership of firms is transferred in the capital markets and asks if changes in ownership can improve performance, or if legal and institutional factors are more important in deciding how firms behave and perform.INTENDED LEARNING OUTCOMES:Assessable outcomesStudents will understand how capital markets operate, both in terms of trading systems and information processing. They will also understand how restructuring occurs in capital markets and the implications of that restructuring for the stakeholders of the firm. Finally, they will appreciate the corporate governance systems in place in Europe and the U.S.Additional outcomesStudents will develop presentation skills and the ability to defend their work in public.OUTLINE CONTENT:

Capital market operation The efficient markets hypothesis Mergers and Acquisitions Buyouts and spin-offs Financial restructuring Corporate governance

TEACHING AND LEARNING METHODS:Topics will be explained in 9 x 2 hour lectures. 4 x 1 hour seminars will be held for the discussion of students’ essays.


Lectures 9 x 2 hoursTutorials/seminars 4 x 1 hour Practicals -Other contact (eg study visits)Total hours 22Number of essays orassignments

1


Test

38

ASSESSMENT:CourseworkOne essay and an end-of-term test.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 2,500 word essay (15%) and a test of 1 hour 50 minutes (15% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Econometrics

Module code: ECM10 Providing department: EconomicsLevel: M Number of credits: 40Terms in which taught: Autumn,

SpringModule convenor: Prof. K. Patterson

Pre-requisites: Successful completion of an introductory course in statistics or econometrics


AIMS:To provide a firm understanding of the theoretical principles underlying econometric estimation and inference; and to provide a practical knowledge enabling the application of econometric techniques to real world problems.INTENDED LEARNING OUTCOMES:Assessable outcomesA structured understanding of the classical linear regression model (CLRM) including extensions to models with endogenous regressors. These outcomes include knowledge and an ability to apply techniques in the following areas:

Specification and interpretation of the CLRM. Estimation principles, for example, ordinary least squares, generalised least squares,

maximum likelihood, applied to the CLRM and its extensions. Properties of estimators (for example, unbiasedness, consistency, minimum

variance). Hypothesis testing and inference, including the Wald, Likelihood Ratio and Lagrange

Multiplier principles. Diagnostic checking and interpretation of departures from the standard CLRM. Empirical model building and evaluation.

Additional outcomesStudents will become familiar with IT through the integration of specialised econometric software (for example Microfit and RATS) and software for general use (for example Excel and Word). The use of IT is an integral part of the practical side of the course. It is encouraged through applications requiring economic and econometric analysis, which involve Website searches, use of library resources and the presentation of word processed documents including graphics displays.Students will also be guided, through their compulsory project, in report writing. This, together with the various assignments will enable students to:

Structure, analyse and solve problems. Think laterally and explore alternative solutions. Comprehend the evolving state of knowledge in the subject area of econometrics.

Oral skills: presentations are required at several points in the programme; for example in discussing and presenting the results of the project.Good time management is essential to organising a timetable to complete the project.

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OUTLINE CONTENT:

TEACHING AND LEARNING METHODS:Teaching methods include traditional lectures followed up by class groups, which alternate between practical computer based sessions and problem solving classes.Substantive problems are illustrated in lectures and the smaller class groups. Project work and problem sets provide related opportunities for problem solving. Students are required to undertake directed reading to support their ability to solve problems.The project, supported by supervision at regular intervals, requires acquired knowledge of statistical databases, web-based and library searches for relevant material.

CONTACT HOURS:Autumn Spring

Lectures 10 x 2 hours 10 x 2 hoursTutorials/seminars - -Practicals 5 hours 5 hoursOther contact (eg study visits)

- -

Total hours 25 25Number of essays orassignments

- 1 project


- -

ASSESSMENT:CourseworkCoursework consists of assessment exercises, practical assignments and problem sets.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of a 3,000 word project in applied econometrics.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recordedExaminationOne three-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Economic Integration in Europe I

Module code: ECM11 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr.Y. KalyuzhnovaPre-requisites: Preferably intermediate level economicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:Students will become familiar with the theory and practical implementations of a range of economic policies and issues in the European Union. They will understand the main principles of economic analysis in European studies and be able to apply them to different case studies.INTENDED LEARNING OUTCOMES:Assessable outcomesStudents will learn to combine their knowledge of undergraduate economic analysis with a knowledge of the integration methods employed in the European Union. They will be able to apply economic analysis to practical examples and specially designed games in order to bridge the gap between theory and policy practice. Additional outcomesStudents will master the ability to play the roles in the games related to the contemporary issues of the European integration. They will also develop generic skills for future employment and career development. OUTLINE CONTENT:This module gives a brief overview of the mechanisms of decision-making in the European Union (EU) and different steps towards an integrated Europe. It then examines in-depth the Single Market Programme and its consequences and the latest moves towards the inclusion of new members states, especially from Central and Eastern Europe. Topics covered include: Decision-Making in the European Union, The 1992 Programme and its Objectives, EU-CEEC’s Integration and Russia’s Trade with the EU, Eastern European enlargement. Interactive Games: “Banana Trade War” and “Meeting on Candidates’ progress towards EU accession.”TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in nine two-hour sessions of lectures questions and discussions. Students are required to do a significant amount of reading of journal articles, FT, chapters of books, statistical sources and websites of national and international organisations.

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Lectures 8 x 2 hoursTutorials/seminars 2 x 1 hour, Test x 2 hoursPracticals -Other contact (eg study visits)Total hours 20Number of essays orassignments

1


Test and interactive game

ASSESSMENT:CourseworkAn essay (2,000 words), a two-hour test at the end of the Autumn term and interactive game “Meeting on Candidates’ progress towards EU accession.”Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes(10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Economic Integration in Europe II

Module code: ECM12 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. O. JannePre-requisites: Preferably intermediate level economicsCo-requisites:Modules excluded: None Current from: October 2003

AIMS:To analyse the main EU policy issues, to relate economic theory to the practical questions at hand in order critically to assess current or prospective policy proposals.INTENDED LEARNING OUTCOMES:Assessable outcomesThe application of economic theory to the analysis of the main EU policies. The assessment of the theoretical and practical implications of a range of policies and issues currently important in the European Union, in order to participate in the contemporary debates about the future of European integration. The ability to critically evaluate and discuss the material and communicate this assessment to specialists and non-specialist audiences.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop generic skills for future employment and professional development.OUTLINE CONTENT: European Monetary Union Tax Harmonisation Common Agricultural Policy Trade and Development Policy Foreign Direct Investment and the European Union Competition Policy Industrial Policy: Science and Technology PolicyTEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9x2 hour sessions of lectures, questions and discussions. Seminars are organised in which small groups of students conduct class presentations and discussion on particular topics that relate to the lectures. Students are required to do a significant amount of reading of journal articles, chapters of books, statistical sources and websites of national and international organisations.

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Lectures 9 x 2 hoursTutorials/seminars 2 x 1 hour, 1 Test x 2

hoursPracticals -Other contact (eg study visits)Total hours 22Number of essays orassignments

1


Test

ASSESSMENT:CourseworkOne essay paper of 3,000 words submitted by a specific date and a test at the end of term. The essay is selected from a list of titles that relate to the topics covered in the lectures. Students are encouraged to use a variety of sources and carry on some original research.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

45

Module title: Entrepreneurship and Economic Theory

Module code: ECM14 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. N. WadesonPre-requisites: First degree basic economic principlesCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To provide students with a deep understanding of the crucial role of the entrepreneur as a catalyst of economic growth by reviewing the theoretical work on the subject.INTENDED LEARNING OUTCOMES:Assessable outcomesA comprehensive understanding of different theories of entrepreneurship, including the definition of entrepreneurship, and the relationship of entrepreneurship to the organisation of the firm, social networks and business cultures.Additional outcomesA wider appreciation of the importance of personality in economic success and failure.OUTLINE CONTENT:

The concept of entrepreneurship Theories of Cantillon, Knight, Hayek, Schumpeter Relationship of entrepreneurship to the firm Theories of business networks Complexity and business judgement Personality of the entrepreneur Cultural factors in entrepreneurship

TEACHING AND LEARNING METHODS:Attendance at 10 x 2 sessions of lectures, with opportunity for questions and discussions. Students must read original source materials written by major authors.



1


1 Test

46

ASSESSMENT:CourseworkOne 2,000 word essay submitted by a specified date. Students are given a general template within which they select their own topic (eg ‘Compare and contrast two theories of entrepreneurship’).Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

47

Module title: Small Business Economics

Module code: ECM15 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. N. WadesonPre-requisites: First degree -basic economic principlesCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To provide students with a deep understanding of the crucial role of the entrepreneur as a catalyst of economic growth by reviewing the empirical work on the subject.INTENDED LEARNING OUTCOMES:Assessable outcomesA full understanding of the contribution of small and medium size enterprises (SMEs) to employment, output, innovation and economic growth. A comprehensive grasp of relevant economic theories of SMEs, and the distinctive differences between SMEs and large firms.Additional outcomesPractical experience of preparing a business plan.OUTLINE CONTENT:

Definition of SME Statistical evidence on SMEs, with international coverage Analysing the population dynamics of SMEs (birth, growth, death) using economic

theory Venture capital Limits to small firm growth Intrapreneurship Government policies to support SMEs

TEACHING AND LEARNING METHODS:Attendance at 10 x 2 sessions of lectures, with opportunity for questions and discussions. Students must read original source materials written by major authors.



1


1 Test

48

ASSESSMENT:CourseworkOne 2,000 word essay submitted by a specified date. Students are given a general template within which they select their own topic (eg ‘Compare and contrast two theories of entrepreneurship’).Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hr 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationsOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

49

Module title: Long-Term Economic PerspectivesModule code: ECM16 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Prof. W.A. EltisPre-requisites: First year economicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To develop the interest and awareness of students in the historical development of ideas in economics.INTENDED LEARNING OUTCOMES:Assessable outcomesA systematic understanding of the relevance of the writings of past economists for modern day issues, and an ability to critically evaluate alternative perspectives on the subject.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop an appreciation of how to evaluate alternative approaches to a subject.OUTLINE CONTENT:This module surveys the writings of the greatest mercantilist and classical economists, and shows how their ideas are still highly relevant to the issues which dominate economics today. The first section examines mercantilist and subsequent debates over money, banking and inflation, and the role of the state. The second section considers the theories of industrialisation and growth of François Quesnay, Adam Smith and Thomas Malthus, and their views of the role of economic policy.TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 10 x 2-hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books for each topic covered.


Lectures 9 x 2 hoursTutorials/seminars 2 x 1 hourPracticals -Other contact(eg study visits)Total hours 20Number of essays orassignments

1


-

50

ASSESSMENT:CourseworkOne 3,000 word essay submitted by a specified date. The essay is selected from a choice of topics covered in lectures and independent reading, which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

51

Module title: History of Economic Thought

Module code: EM17 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Prof W.A. EltisPre-requisites: First year economicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To develop the interest and awareness of students in the historical development of ideas in economics.INTENDED LEARNING OUTCOMES:Assessable outcomesA systematic understanding of the relevance of the writings of past economists for modern day issues, and an ability to critically evaluate alternative perspectives on the subject.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop an appreciation of how to evaluate alternative approaches to a subject.OUTLINE CONTENT:This module looks at the history of economic thought with a particular focus upon classical political economy, but from the viewpoint of considering the modern relevance of past and on-going debates in economics. It begins with a survey of the major schools of economic thought and considers a recurring debate over the role of money in economic growth or inflation. The second section considers the role of wages and profits in promoting economic growth, and the role of rising labour productivity and technological progress. Alternative views of recession, business cycles and unemployment are also discussed. A further section is devoted to work on international trade. The module concludes with a summary of the approaches of the major classical economists, and of the leading post-classical economists, with a comparison between the two.TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 10 x 2-hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books for each topic covered.



1


-

52

ASSESSMENT:CourseworkOne 5,000 word research assignment submitted by a specified date. The assignment is selected in accordance with the personal interests of the student based on the topics covered in lectures, and encourages students to use a wide variety of sources and to develop a capacity for independent thought and research.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 5,000 word research assignment.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded. ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

53

Module title: The Emergence and Growth of Multinational Enterprise

Module code: ECM18 Providing department: ManagementLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. P. MiskellPre-requisites: NoneCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:This module examines the emergence and growth until the present day of the multinational enterprise, looking particularly at national differences in development patterns.INTENDED LEARNING OUTCOMES:Assessable outcomesA systematic knowledge of the emergence of multinationals and their subsequent growth, and of national patterns in international business. A good appreciation of both recent empirical research and key concepts and theories in international business.Additional outcomesStudents will learn to work independently under pressure of time, and to organise diverse empirical material.OUTLINE CONTENT:

Theories of international business Historical growth of multinationals from nineteenth to twenty-first centuries Comparisons of US, European and Japanese multinationals in different industries and

time periodsTEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books.



1


Test

54

.ASSESSMENT:CourseworkOne 3,000 word essay submitted by a specified date. The essay is selected from a choice of three broadly defined topics which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional sale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

55

Module title: Strategy, Policy and Impact of Multinational Enterprise

Module code: ECM19 Providing department: ManagementLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. P. MiskellPre-requisites: NoneCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:This module takes an evolutionary approach to examine multinational strategies, public policy towards multinationals and the impact of multinationals on their host economiesINTENDED LEARNING OUTCOMES:Assessable outcomesA systematic knowledge of the evolution of multinational strategies, government policies towards multinational firms, and the impact of international business.Additional outcomesStudents will learn to work independently under pressure of time, and to organise diverse empirical material.OUTLINE CONTENT:

• Multinational strategies including mergers, acquisitions and alliances• Multinational strategies in services, including banking, and resources, including oil• Government policies towards multinationals in both developed and developing

countries • The impact of multinational economies on developed economies such as UK, and

developing economies such as Brazil, India and Singapore.TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books.



1


-

56

ASSESSMENT:CourseworkOne 3,000 word essay submitted by a specified date. The essay is selected from a choice of three broadly defined topics which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes(10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

57

Module title: Theoretical Approaches to the Multinational Enterprise

Module code: ECM20 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Mr. R.D. PearcePre-requisites: Good first degree in Economics or ManagementCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:The course aims to provide students with an understanding of the economic theory of multinational enterprise that can serve as a basis for practical evaluation of the behaviour and performance of those companies.INTENDED LEARNING OUTCOMES:Assessable outcomesA full understanding of an economics-based approach to modelling, understanding and evaluating the MNE. Ability to apply a consistent analytical framework on MNEs to assessment of their role in the contemporary global economy.Additional outcomesEncouragement to apply economic models and techniques to issues in globalisation, development and political economy.OUTLINE CONTENT:

Definition of MNE. Reasons for a theory of MNE separate from that of foreign direct investment. Historical emergence of MNEs. The eclectic framework as an approach to MNEs. Discussion of each element of the selection framework. Other theoretical approaches to MNE (product cycle; oligopolistic behaviour). Use of the theory to evaluate the implications of MNEs.

TEACHING AND LEARNING METHODS:Lectures and class discussions. Guidance on extended reading in existing literature. Guidance on applying techniques to practical issues.


Lectures 10 x 2 hoursTutorials/seminars 2 x 1 hour, 1 Test x

2 hoursPracticals -Other contact (eg study visits)

Total hours 24

Number of essays orassignments

1


1 Test

58

ASSESSMENT:CourseworkOne essay and one test.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional sale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

59

Module title: Global Strategy and Implications of Multinational Enterprise

Module code: ECM21 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Mr. R.D. PearcePre-requisites: Good first degree in Economics or ManagementCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:The course aims to supply an overview of the strategic scope of MNEs (notably with regard to their generation and use of technology) and to show how this can reflect on the implications of their role in the global economy.INTENDED LEARNING OUTCOMES:Assessable outcomesA detailed appreciation of the global strategies of MNEs. A comprehensive understanding of how MNEs seek both current competitiveness (efficiency) and future competitiveness (knowledge), and the pursuit of these objectives has implications for national economies’ development and interfaces with processes of globalisation.Additional outcomesAn understanding of the need to appreciate what the MNE really is, and how it really behaves, before drawing conclusions on its role in global economic welfare.OUTLINE CONTENT:

Description of the competitive aims and strategic nature of the modern MNE. The variety of roles played by individual subsidiaries and how they support an

integrated global strategy. Technology in MNEs. How MNEs use decentralised R&D to generate new technology and apply a

globalised approach to product innovation. How the MNEs’ behaviour affects industrialisation and development in national

economies.TEACHING AND LEARNING METHODS:Lectures and class discussion. Guidance on relevant formal literature. Advice on applying course content to current real-world issues.


Lectures 10 x 2 hoursTutorials/Seminars 2 x 1 hour,

1 Test x 2 hoursPracticals -Other contact (eg study visits)

-


1


1 Test

60

ASSESSMENT:CourseworkOne essay and one test.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

61

Module title: Financial Markets

Module code: ECM22 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. G. ChamberlinPre-requisites: A good understanding of core microeconomics

and macroeconomics at an undergraduate levelCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To impart a critical view of the role of financial markets in the developed as well as developing countries.INTENDED LEARNING OUTCOMES:Assessable outcomesKnowledge/understanding of: (1) fundamental issues in asset trading; (2) micro-foundations of financial markets; and (3) policies to increase market efficiencyAdditional outcomesEnhancement of capacity for: (1) critical appraisal; (2) independent analysis; (3) presentation and discussion; and (4) further research.OUTLINE CONTENT:

Financial Markets, Uncertainty, and Resource Allocation Inventory Models of Market Microstructure Information-based Models of Price Formation Imperfect Information and Rational Expectations Asymmetric Information and Market Viability Market Liquidity and Trading Halts Dynamic Trading and Market Volatility Frenzies and Crashes in Financial Markets

TEACHING AND LEARNING METHODS:Lectures, seminars and classes



hoursPracticals -Other contact (eg study visits)

-


1


1 Test

62

ASSESSMENT:CourseworkEssay and test (both assessed) and additional assignments discussed in tutorial classes.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

63

Module title: Financial Regulation

Module code: ECM23 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. B. CasuPre-requisites: A good understanding of core microeconomics


AIMS:To impart an understanding of the rationale of regulation of financial markets in a global context.INTENDED LEARNING OUTCOMES:Assessable outcomesKnowledge/understanding of: (1) motivation/principles for financial regulation; (2) financial regulatory techniques; and (3) regimes/issues in financial regulation.Additional outcomesEnhancement of capacity for: (1) critical appraisal; (2) independent analysis; (3) presentation and discussion; and (4) further research.OUTLINE CONTENT:

Financial Regulation: Rationale and Key Issues Incentive Structures for Financial Regulation Risk Regulation Trading with Privileged Information: ‘Insider’ Trading Market Manipulation; Self-Regulation vs. Statutory Regulation Corporate Governance: overview and key issues Executive Compensation and Internal Control Large Shareholders and Other Control Mechanisms Takeovers and the Market for Corporate Control

TEACHING AND LEARNING METHODS:Lectures, seminars and classes




-

Total hours 22


1


1 Test

64

ASSESSMENT:CourseworkEssay and test (both assessed) and additional assignments discussed in tutorial classes.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes(10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

65

Module title: Technology, Trade and Growth *not available 2003/4*

Module code: EC/M24 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor:Pre-requisites: A good understanding of core microeconomics

and macroeconomics at an undergraduate levelCo-requisites: NoneModules excluded: None Current from:

AIMS:To develop the interest and awareness of students in the interconnections between technology, trade and growth.INTENDED LEARNING OUTCOMES:Assessable outcomesTo develop a systematic understanding of the nature of the relationship between technology, trade and growth at the national level, a good appreciation of relevant concepts and findings from empirical research on these issues, and an ability to critically evaluate alternative perspectives on the subject.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop skills for future employment and professional development.OUTLINE CONTENT:This module takes a predominantly macroeconomic view of technological change and its impacts in the world economy. Attention is especially focused on the dynamics of international trade and production, including the relationship between trade and economic growth, trade imbalances and protectionism, and the impact of technological innovation on international competitiveness. The emphasis is on the modern applicability of the classical theory of international trade and growth, brought up-to-date to consider the increased importance of technological change and the internationalisation of industries. The context provided by greater international interdependence as well of finance and capital movements is also examined.TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2-hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books for each topic covered.

66


Lectures 9 x 2 hoursTutorials/seminars 1 Test x 2 hoursPracticals -Other contact (eg study visits)

3 office hours per week

Total hours 50


1


1 Test

ASSESSMENT:CourseworkA 2-hour test taken at the end of the relevant term. The questions are selected from a choice of topics covered in lectures and independent reading.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of a 2-hour test.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

67

Module title: International Political Economy *not available 2003/4*

Module code: EC/M25 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor:Pre-requisites: First year economicsCo-requisites: NoneModules excluded: None Current from:

AIMS:To develop the interest and awareness of students in international economic policy.INTENDED LEARNING OUTCOMES:Assessable outcomesTo develop a systematic understanding of international economic policies, a good appreciation of relevant concepts and findings from empirical research on these issues, and an ability to critically evaluate alternative perspectives on the subject.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop skills for future employment and professional development.OUTLINE CONTENT:This module considers the problems of trade imbalances, currency fluctuations, developing country indebtedness, the economic interaction of developed and developing countries, inflation and unemployment. It analyses the reasons for these problems and the debate over which international macroeconomic policies represent the most effective response. This module also looks at international patterns of innovation and technology transfer, and assesses the possibility of long waves in the world economy.TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2-hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books for each topic covered.



3 office hours per week


1


-

68

ASSESSMENT:CourseworkOne 1,500 word essay submitted by a specified date. The essay is selected from a choice of topics covered in lectures and independent reading, which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 1,500 word essay.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of ZeroExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

69

Module title: Macroeconomic Policy in Developing Countries

Module code: ECM26 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. M. Della GiustaPre-requisites: Good understanding of basic macroeconomicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To impart an understanding of macroeconomic issues in developing countries, and the ability to use the theoretical tools provided to critically assess different areas of policy making.INTENDED LEARNING OUTCOMES:Assessable outcomesA good understanding of macroeconomic issues in developing countries, particularly the theoretical tools to critically assess different areas of macroeconomic policy. Also, students will acquire knowledge of examples from specific developing countries which allow them to exercise their analytical skills.Additional outcomesStudents are also strongly encouraged to develop their ability to work in groups, since the lectures are supported by empirical evidence presented in seminars based on group work.OUTLINE CONTENT:

Basic concepts in open economy macroeconomics Models of open economy macroeconomics for developing countries Market failures (capital, labour and product markets) Price formation and inflation Fiscal policy Monetary policy Exchange rate policy

TEACHING AND LEARNING METHODS:The topics of the syllabus are presented and discussed in 9 sessions of two hours each, complemented with 2 seminars of two hours each in which students apply the tools acquired in the lectures to analyse specific countries’ experiences.

70


Lectures 9 x 2 hoursTutorials/seminars 2 x 2 hours, 1 Test x 2 hoursPracticals -Other contact (eg study visits)

Total hours 24


1


1 Test. Students are also part of a mailing list that keeps them informed about events and new learning materials, scientific papers, newspapers, articles, website, and through which they can raise questions of general interest to the group.

ASSESSMENT:CourseworkOne written test of two hours at the end of term, in which students answer two essay-type questions chosen from a range of five. One 3000 words essay submitted at the beginning of the Spring Term. A choice of four broadly defined topics is given from the ones covered in lectures and seminars.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hr 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional sale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

71

Module title: Macroeconomic Policy and Structural Adjustment for Developing CountriesModule code: ECM27 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. M. Della GiustaPre-requisites: Good understanding of macroeconomicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To provide students with a knowledge of the current debates concerning macroeconomic development, and to develop their ability to tackle complex policy-making issues.INTENDED LEARNING OUTCOMES:Assessable outcomesA good understanding of stabilisation and structural adjustment policies and other specific macroeconomic issues in developing countries, such as growth theory, debt, and aid. Students will develop their ability to critically assess specific countries’ cases.Additional outcomesStudents are also strongly encouraged to develop their ability to work in groups, since the lectures are supported by empirical evidence presented in seminars based on group work.OUTLINE CONTENT:

The role of the IMF: introduction to stabilisation policy IMF stabilisation policy: the empirical evidence The role of the World Bank and the theory of structural adjustment Impact and political aspects and changes in structural adjustment Growth theory The economic implications of Mega-cities in developing countries Debt crises and policies for debt relief The political economy of aid

TEACHING AND LEARNING METHODS:The topics of the syllabus are presented and discussed in 9 sessions of two hours each, complemented with 2 seminars of two hours each in which students apply the tools acquired in the lectures to analyse specific countries’ experiences.CONTACT HOURS:

SpringLectures 9 x 2 hoursTutorials/seminars 2 x 2 hours, 1 Test x 2 hoursPracticals -Other contact (eg study visits)Total hours 24Number of essays orassignments

1


Test. Students are also part of a mailing list that keeps them informed about events and new learning materials (scientific papers, newspapers’ articles, websites), and through which they can raise questions of general interest to the group.

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ASSESSMENT:CourseworkOne written test of two hours at the end of term, in which students answer two essay-type questions chosen from a range of five. One 3000 words essay submitted at the beginning of the Summer Term. A choice of four broadly defined topics is given from the ones covered in lectures and seminars.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere s a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Introductory Econometrics

Module code: ECM28 Providing department: EconomicsLevel M Number of credits: 20 (except when taken as

a component of the dissertation)

Terms in which taught: Autumn Module convenor: Dr. S.P.BurkePre-requisites: None Co-requisites: NoneModules excluded: ECM10

EconometricsCurrent from: October 2003

AIMS:To enable students to: undertake basic statistical analysis of economic data; interpret and evaluate statistical analysis reported by others; use a standard spreadsheet package and a specialized econometric programme; report statistical evidence informatively.INTENDED LEARNING OUTCOMES:Assessable outcomesAbility to undertake basic quantitative investigations using economic data, especially involving time series. Understanding of the limitations of the techniques used. Evaluation of quantitative research reported by others. Communication of statistical information.Additional outcomesAbility to work independently. Ability to use the internet, standard word processing and spreadsheet skills, specific computing skills in econometrics. OUTLINE CONTENT:Basic statistics (hypothesis testing); differentiation and optimisation; correlation; bivariate regression; least squares estimation; mathematics for the multivariate regression model (matrix algebra, calculus and optimisation with more than one variable); multivariate regression (classical linear regression model; testing restrictions; dummy variables and stability testing); testing the adequacy of regression models (diagnostic testing; general to specific modelling); time series models (ARIMA models, lag polynomials, roots and unit roots); models relating times series (dynamic models, error correction, and long-run solutions); co-integration.TEACHING AND LEARNING METHODS:Lectures are used for the exposition of the principal concepts. Their understanding is followed up by problem sets discussed in separate classes, and their application in computer based sessions involving real data and economic models. All material is available on a Blackboard site, including a range of data and links. An extended piece of applied work (project) provides a fairly realistic setting for learning the practicalities of undertaking an applied econometric analysis.

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Lectures 10 x 2 hoursTutorials/seminars up to 2 hours per week

(18 in total), 1 Test x 2 hours

Practicals -Other contact (eg study visits)

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1 project


1 Test

ASSESSMENT:CourseworkTest and a project (an extended piece of applied work involving computer estimation and report preparation).Relative percentage of coursework30% in the final assessment mark evenly divided between the two tasks.This module may also be taken as part of the dissertation module. In such a case this coursework counts for 15% of the overall mark, evenly divided between the two tasks.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two hour examination with a weight of 70%The exam is not taken if the module is being taken as a component of the dissertation.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Managing Innovation

Module code: ECM30 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr O. JannePre-requisites: NoneCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To develop the interest and awareness of students in the determinants of innovation in the firm, and the implications for managers.INTENDED LEARNING OUTCOMES:Assessable outcomesA systematic understanding of the nature of innovation in the firm, a good appreciation of relevant concepts and findings from empirical research on innovation and the firm, and an ability to critically evaluate alternative perspectives on the subject.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop skills for future employment and professional development.OUTLINE CONTENT:This module examines how the business firm depends critically on its technological and related skills to achieve its central strategic objectives: to sustain and develop its existing businesses; to identify and exploit new business opportunities; to cope with major and unexpected opportunities and threats facing the firm. Introductory lectures consider the determinants and characteristics of technological change, and the linkages between science and technology. The following contentions are then assessed: Firm-specific knowledge is an essential feature of competitive success. Corporate strategy should therefore include a strategy for managing innovation, the purpose of which is deliberately to accumulate and exploit such firm-specific knowledge.TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2-hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books for each topic covered.



1 Test


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ASSESSMENT:CourseworkA 2-hour test taken at the end of the relevant term. The questions are selected from a choice of topics covered in lectures and independent reading.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of a 2-hour test.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Technological Innovation and Industrial Competitiveness

Module code: ECM31 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. O. JannePre-requisites: First year economicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To develop the interest and awareness of students in the theory, history and measurement of technological change in the firm, and the implications for policy-makers.INTENDED LEARNING OUTCOMES:Assessable outcomesA good understanding of the theory, history, measurement and policy implications of technological change in the firm, a good appreciation of relevant concepts and findings from empirical research on these issues, and an ability to critically evaluate alternative perspectives on the subject.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop skills for future employment and professional development.OUTLINE CONTENT:This module examines the implications of technological change as a learning process, for corporate competitiveness and capturing the returns to innovation. The innovative records of large and small firms are compared. International technological competition is considered with reference to the historical success of US firms, and the modern success of Japanese companies. The use of patent statistics is appraised as a means of measuring patterns of innovation. The course concludes with a discussion of systems of innovation, and of technology policies.TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2-hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles and chapters of books for each topic covered.



1


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ASSESSMENT:CourseworkOne 1,500 word essay submitted by a specified date. The essay is selected from a choice of topics covered in lectures and independent reading, which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 1,500 word essay.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: EU Economic Relations with the Developing Countries

Module code: ECM33 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Matthew McQueenPre-requisites: Basic micro and macroeconomicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To provide an overview and detailed understanding of the content and potential effects of the EU’s preferential trade agreements with the developing countries.INTENDED LEARNING OUTCOMES:Assessable outcomesA good knowledge and ability to analyse the EU’s free trade agreements with developing countries in the Mediterranean, Latin America and Africa. Also a good understanding of the content and effects of the Generalised System of Preferences both for the developing countries and least developed countries.Additional outcomesStudents will learn to work independently, especially in the context of following up core lecture material with a wide variety of source material, including information on the websites of national and international organisations.OUTLINE CONTENT:

The structure of the EU’s preferential and non-preferential trade relations The Generalised System of Preferences Traditional and non-traditional effects of preferential trade agreements. Preferential agreements with the African, Caribbean and Pacific countries. The Euro-Mediterranean agreements EU’s preferential market access arrangements for the least developed countries

TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles, chapters of books, statistical sources and websites of national and international organisations.



1


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Module title: Paradigms of Trade and Industrialisation in Developing Countries

Module code: ECM35 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Matthew McQueenPre-requisites: A good understanding of core microeconomics


AIMS:To provide a good understanding of current theories and empirical evidence on the relationship between international trade and industrialisation in developing countries and their implications for policy.INTENDED LEARNING OUTCOMES:Assessable outcomesA systematic understanding of neo-classical, structuralist and ‘new political economy’ theories of the relationships between trade and industrialisation policies and the process of economic development. A good appreciation of recent empirical research in the field of study and the problems and limitations of research methodologies. The ability to draw together and assess complex arguments and alternative policy recommendations and communicate this assessment to specialised and non-specialist audiences.Additional outcomesStudents will learn to work independently under pressure of time and make strategic decisions on the organisation of their work. They will also develop generic skills for future employment and professional development.OUTLINE CONTENT:

The neo-classical theory of the gains from trade, controversies regarding static versus dynamic gains from trade, declining terms of trade

The neo-classical critique of import protection and the evidence on ‘outward’ versus ‘inward’ oriented trade policies

Theories and strategies for industrialisation The complementary roles of the state and the market. Lessons from the NICs The role of small and medium-sized firms in the process of industrialisation in

developing countries and the support systems required to sustain these enterprisesTEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles, chapters of books, statistical sources and websites of national and international organisations.

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1


1 Test

ASSESSMENT:CourseworkOne 3,000 word essay submitted by a specified date. The essay is selected from a choice of three broadly defined topics which encourage students to use a variety of sources and which provide a focus consistent with the overall aims of the module.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight). Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (our of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Developing Countries in the World Economy

Module code: ECM36 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Matthew McQueenPre-requisites: Preferably an introductory course in economicsCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To provide an overview and analysis of key policy issues affecting the integration of developing counties into the world economy.INTENDED LEARNING OUTCOMES:Assessable outcomesA knowledge of the main factors affecting the impact of multinational companies on host developing countries. A good appreciation of the operations of the WTO and the WTO agreements as they affect the developing countries. A good understanding of modern theories explaining the potential costs and benefits of preferential trade agreements between industrialised and developing countries.Additional outcomesStudents will learn to work independently, especially in the context of following up core lecture material with a wide variety of source material, including information on the websites of national and international organisations.OUTLINE CONTENT:

The implications of technological change and the liberalisation of goods and factor markets for developing countries.

The multilateral trading system and the World Trade Organisation (WTO) agreements. The political economy of preferential trade agreements. The special problems of small economies.

TEACHING AND LEARNING METHODS:Detailed guidance on the main topics of the syllabus and key references are provided in 9 x 2 hour sessions of lectures, questions and discussions. Students are required to do a significant amount of reading of journal articles, chapters of books, statistical sources and websites of national and international organisations.


Lectures 9 x 2 hoursTutorials/seminars Test x 2 hoursPracticals -Other contact (eg study visits)Total hours 50Number of essays orassignments

1


Test

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Module title: Urban Economics

Module code: ECM37 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Dr. G. CramptonPre-requisites: Good first degree in Economics, or a joint degree

with substantial material on urban and regional studiesCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To analyse the economic forces which shape the internal spatial structure of urban areas and the urban system as a whole, in a European context.INTENDED LEARNING OUTCOMES:Assessable outcomesAt the end of the unit, students should be able to analyse the economic forces which shape the spatial structure of urban areas, and the urban system, together with the impact of European integration on patterns of urban and regional development; describe and discuss the long-term economic trends in industrial and commercial location which have changed the spatial form of cities and the distribution of city sizes; outline and comment on the motives for the development of urban regeneration policies in the UK, Europe and the US. Selected policy details will be developed using a comparative approach.Additional outcomesThe students will be expected to develop a strong ability to conduct research within the field of urban economics and to demonstrate how economic theories and urban policy issues can be integrated.OUTLINE CONTENT:

Evolving Economic Function of Cities Residential Location Theory Urban Labour Markets Urban Externalities Urban Transportation in Developed Countries Issues in Urban, Regional and International Housing Markets Local Public Services Urban Development and Regeneration Policy in Europe Cities in Developing Countries

TEACHING AND LEARNING METHODS:20 hours of lectures and classes.

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Lectures 9 x 2 hoursTutorials/seminars 10 x 1 hour, Test x 2


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1


1 Test

ASSESSMENT:CourseworkOne 3,000 word essay; test of 1 hour 50 minutes.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes(10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination (or one three-hour examination if both the Urban Economics and Regional Economics modules are taken) with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Regional Economics

Module code: ECM38 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Dr. P. McCannPre-requisites: Good first degree in Economics, or a joint degree

with substantial material on urban and regional studiesCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To describe and discuss the economic basis of the patterns of regional growth and development, and the rationale and effectiveness the regional policy of the U.K. government and the European Union.INTENDED LEARNING OUTCOMES:Assessable outcomesAt the end of the unit students should be able to interpret the disparities in the economic prosperity of regions, both in the UK and Europe as a whole; outline the alternative economic explanations of differing levels of regional development and growth; describe and discuss the evolution of regional policy in the UK and Europe and analyse its effectiveness; analyse the problems of evaluating regional policy. They will have a good understanding of regional policy carried out by the British government and the EU.Additional outcomesThe students will be expected to develop a strong ability to conduct research within the field of regional economics and to demonstrate how economic theories and urban policy issues can be integrated.OUTLINE CONTENT:

Definition of Regions Regional Location Theory Regional Growth Theory I Regional Growth Theory II Measuring Regional Disparities Alternative Strategies for Regional Development Regional Adjustment Processes Structural Change and the Regions The Evolution of Regional Policy in the European Union The Evaluation of Regional Policy

TEACHING AND LEARNING METHODS:Weekly seminars of two hours. In the second of the two hours, students are invited to contribute to discussion.

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-


1


1 Test

ASSESSMENT:CourseworkOne 3,000 word essay; test of 1 hour 50 minutes.Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (20%) and a test of 1 hour 50 minutes (10% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: E-Business Strategy

Module code: ECM39 Providing department: EconomicsLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Prof. J. PembertonPre-requisites: NoneCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To introduce students to the major business implications of the internet, with an emphasis both on areas of change (new ways of doing business) and on areas of continuity (the continued relevance of many established business principles.)INTENDED LEARNING OUTCOMES:Assessable outcomesAn understanding of the impact of the internet, and of associated new business possibilities, on business practice. Appreciation of the likely impact on various aspects of business, including marketing, pricing, new product development, and management structure. Understanding of the potential implications for market structure and competition, and of the implications for public policy. Appreciation of the similarities between recent technological developments, and their business implications, and earlier episodes of large scale technological change. Additional outcomesStudents will learn to work independently, especially in the context of following up core lecture material with their own private reading, and of searching for examples of business practice to illustrate core concepts.OUTLINE CONTENT:

The history of the internet, and its emergence and development from a specialised military and scientific facility to a global business facility.

Core business objectives, and the extent to which the internet affects the ways in which business seeks to achieve them

Supply chains, disintermediation, and re-intermediation Marketing, pricing, and mass customisation Competition and lock-in Standards, standards wars, networks, and competition policy

TEACHING AND LEARNING METHODS:Approximately 20 hours, divided between formal lectures, and seminars based upon case study material which all students are required to read beforehand.

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Case study and report


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ASSESSMENT:CourseworkPreparation for and participation in a case study discussion (15% of the final mark), and subsequently writing up a report based on the case study discussion, at a length specified at the time (15% of the final mark.)Relative percentage of courseworkHas a 30% weight in the overall assessment of the degree.Penalties for late submissionThee is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: Dissertation

Module code: ECM46 Providing department: EconomicsLevel: M Number of credits: 40Terms in which taught: Autumn,

SpringModule convenor: Matthew McQueen

Pre-requisites: NoneCo-requisites: ECM28Modules excluded: None Current from: October 2003

AIMS:To provide students with an opportunity to analyse a particular topic in some depth. To display the ability to carry out original research.INTENDED LEARNING OUTCOMES:Assessable outcomes

A relevant and clearly defined issue for research A well justified and appropriate research design A thorough and succinct analysis of relevant theoretical and empirical literature The collection of appropriate data. A systematic, objective and carefully structured analysis of the information collected The drawing of relevant conclusions from the analysis and the relation of these

conclusions to the existing literature in the subject A demonstration of a good grasp of the relevant theory and its integration into the

above of the dissertation A demonstration of originality and imitative in pursuing the objectives of the

researchAdditional outcomesStudents will largely work on their own initiative and learn to organise their work on a reasonably long term project which must be completed by a specified date.OUTLINE CONTENT:The research proposal will be defined in consultation with the dissertation supervisor.TEACHING AND LEARNING METHODS:Students will be required to submit a research proposal detailing the intended research topic, aims and objectives, methodology, sources of information, details of recent published articles and books on the topic, proposed chapter headings. They should arrange to discuss the proposed topic with their tutor, who will direct them to a member of staff with knowledge of the proposed field of research. Research proposals must be selected by a specified date to the Director of Studies who will appoint an appropriate supervisor. Students will also be required to attend module ECM28 and do the coursework for this module.CONTACT HOURS:The responsibilities of the dissertation supervisor and the student are set out in the MSc Handbook.

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ASSESSMENT:CourseworkAs specified in ECM28.Relative percentage of courseworkHas a 15% weight in the overall mark.Penalties for late submissionThe dissertation must be submitted by 12.00 noon on the Friday of the first week in September of the academic year of study. Penalties for late submission are five percentage points per day, including weekends. The dissertation must be submitted and signed for by an authorised person between the hours of 9.30 a.m. and 4.30 p.m. Late submission on the last date for submission will count as one full day’s penalty.ExaminationThe dissertation has a weight of 85% of the overall mark. Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

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Module title: International Accounting Note: this module is compulsory for students registered for the MSc degree in Multinational Accounting and Financial Management It is not available for other students except in unusual cases where students registered for MSc degrees in International Banking and Financial Service and International Business and Finance are now allowed to take Corporate Finance because they have previously studied the subject.

Module code: MMM021 Providing department: ManagementLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Prof. C. NobesPre-requisites: some former study of accountingCo-requisites: MMM022Modules excluded: None Current from: October 2003

AIMS:To give students an understanding of the causes, nature and effects of international differences in financial reporting.INTENDED LEARNING OUTCOMES:Assessable outcomesAn understanding of the causes and nature of international differences in corporate financial reporting. An appreciation for the purpose of classification and how to assess the usefulness of taxonomies. An understanding of the major differences between UK, US, German, French and Japanese financial reporting.Additional outcomesStudents should gain improved ability to understand the nature of accounting, even that in their own countries. Analytical techniques should be improved by the case studies. The knowledge gained is likely to be valuable for several types of employment.OUTLINE CONTENT: The causes and nature of international differences in financial reporting. Classification of countries. Financial reporting in France, Germany and Japan. Accounting plans, and accounting in emerging economies.TEACHING AND LEARNING METHODS:The module contains 10 x 2-hour lectures, with questions and discussions encouraged. A textbook is indicated, and readings are distributed each week, with others available in the School’s reading room. Websites are also indicated. Sets of corporate financial statements are provided.



2 case studies


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ASSESSMENT:CourseworkCoursework - multiple choice test and one case study. ExaminationRelative percentage of courseworkCoursework has a 30% weight in the overall assessment of the degree and consists of two case studies.Penalties for late submissionThee is a university-wide penalty for late submission of coursework.Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

Preparatory readingC.W. Nobes and R.H. Parker Comparative International Accounting, Prentice Hall, 2002

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Module title: Anglo-American Accounting Note: this Module is only available for students registered for the MSc degree in Multinational Accounting and Financial Management

Module code: MMM022 Providing department: ManagementLevel: M Number of credits: 20Terms in which taught: Autumn Module convenor: Prof. C. NobesPre-requisites: Some former study of accountingCo-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To give students an understanding of the basic operations of financial reporting systems in the UK and the USA, and the differences between them.INTENDED LEARNING OUTCOMES:Assessable outcomesAn understanding of the workings of corporate financial reporting in the UK and the USA. The reasons for and the nature of UK/US differences.Additional outcomesStudents should gain improved ability to understand the nature of accounting, even that in their own countries. Analytical techniques should be improved by the case studies. The knowledge gained is likely to be valuable for several types of employment.OUTLINE CONTENT:Main features of financial reporting in countries with large equity markets; detailed study of accounting rules in the UK and US; particular accounting issues related to group accounting and deferred tax.TEACHING AND LEARNING METHODS:20 hours of lectures and seminars in the autumn term


Lectures 10 x 2 hoursTutorials/seminarsPracticals -Other contact (eg study visits)Total hours 20Number of essays orassignments

1 case study


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96

ASSESSMENT:CourseworkOne departmental exam and one case study based on financial statements.Relative percentage of courseworkThe case study has a 30% weight in the overall assessment.Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationThere is no University exam but students must pass this module in order to continue into the Spring Term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy a departmental exam only (coursework will not be included in the re-assessment).

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Module title: Multinational Financial Reporting and Analysis Note: this module is only available to students registered for the MSc degree in Multinational Accounting and Financial Management and to students registered for the MSc degrees in International Banking and Financial Service and International Business and Finance who have already taken undergraduate modules in Corporate Finance.

Module code: MMM025 Providing department: ManagementLevel: M Number of credits: 20Terms in which taught: Spring Module convenor: Prof. C. NobesPre-requisites: Completion of MMM021Co-requisites: NoneModules excluded: None Current from: October 2003

AIMS:To give students an understanding of the international harmonisation of financial reporting and of the preparation and interpretation of financial statements in an international context.INTENDED LEARNING OUTCOMES:Assessable outcomesAn understanding of the purposes, processes and progress of international harmonisation of accounting. An awareness of national differences from International Standards. An understanding of international aspects of the problems faced by multinational companies.Additional outcomesStudents should gain improved ability to understand the nature of accounting, even in their own countries. Writing skills should be improved by the essay and feedback on it. The knowledge gained is likely to be valuable for several types of employment.OUTLINE CONTENT: Harmonisation of accounting. National differences from IAS. International aspects of segment reporting, cash flow accounting, currency translation

and taxation. International analysis.TEACHING AND LEARNING METHODS:The module contains 10 x 2-hour lectures, with questions and discussions encouraged. There is also a 2-hour revision and discussion session. A textbook is indicated, and readings are distributed each week, with others available in the School’s reading room. Websites are also indicated. Sets of corporate financial statements are provided.


Lectures 9 x 2 hoursTutorials/seminars Revision session x 2

hours, Test x 2 hoursPracticals -Other contact (eg study visits)Total hours 22Number of essays orassignments

1


Test

98

ASSESSMENT:CourseworkEssay. ExaminationRelative percentage of courseworkHas a 30% weight in the overall assessment of the degree and consists of one 3,000 word essay (15%) and a test (15% weight).Penalties for late submissionThere is a university-wide penalty for late submission of coursework. Ten marks (out of 100 on the normal university conventional scale) will be deducted from a piece of work submitted up to one calendar week after the original deadline (or any formally agreed extension of that deadline). Once this period has elapsed a mark of Zero will be recorded.ExaminationsOne two-hour examination with a weight of 70% in the overall assessment of the degree, taken in the Summer term.Requirements for a passA weighted average mark of coursework and examination of 50%.Reassessment arrangementsBy examination only (coursework will not be included in the re-assessment) according to the University’s regulations and the regulations governing the award of the degree (for details see the MSc Handbook).

99

Documents

Module specification · Web viewIt is encouraged through applications requiring economic and econometric analysis, which involve Website searches, use of library resources and the