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2015/16 Undergraduate Module Catalogue
LUBS2300 Explanation in Economics
10 creditsClass Size: 30
Module manager: Andrew Mearman
Taught: Semester 2 View Timetable
Year running 2015/16
|LUBS1950||Economic Theory & Apps 1|
This module is approved as a discovery module
Module summaryThe module examines the underlying rationale for competing contemporary methods of economic explanation. This raises, amongst other things, pertinent questions about the nature of economics and its relation to other disciplines.
ObjectivesOn completion of this module students will be able to:
- recognise competing perspectives on explanation in economics
- relate debates in economic methodology to the concerns of practicing economists
- and draw upon economic methodology as an input into their work on economics.
This module covers a number of broad questions that are continually thrown up in economic explanation:
- How should we decide between competing economic theories?
- How should economic theories be tested?
- How are we to develop new theories?
- How important is it that economic theories are realistic?
- When is a theory too abstract or too complex?
- What is the role of mathematics in economic theory?
- How important is it that economic theory predicts future outcomes?
The module undertakes a systematic enquiry into such important questions, from the perspective of the practicing economist. This enquiry can be termed 'economic methodology', and the module draws on the burgeoning literature on this topic in order to answer the questions posed.
The economic methodology literature covered is:
(i) the 'old' economic methodology, applying traditional philosophy of science to economics; and
(ii) key aspects of the 'new' economic methodology, namely the 'rhetoric' and 'realism' approaches.
|Delivery type||Number||Length hours||Student hours|
|Private study hours||84.00|
|Total Contact hours||16.00|
|Total hours (100hr per 10 credits)||100.00|
Opportunities for Formative FeedbackVerbal feedback will be given on group presentations made each tutorial. The presentations are written up (approximately 1,000 words) and submitted for written feedback.
Feedback is also provided on practice essays.
Methods of assessment
|Assessment type||Notes||% of formal assessment|
|Assignment||3,000 essay. NOTE: Resit by 2 hour written paper||100.00|
|Total percentage (Assessment Coursework)||100.00|
Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated
Reading listThe reading list is available from the Library website
Last updated: 04/11/2015
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