2021/22 Taught Postgraduate Module Catalogue

LUBS5148M Economics of Wellbeing

15 creditsClass Size: 100

Module manager: Dr Clemens Hetschko
Email: c.hetschko@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2021/22

Pre-requisites

LUBS5134M

Econometrics

This module is not approved as an Elective

Module summary

The module introduces students to the economics of wellbeing and explores why the normative question of what makes people happy, i.e. how individual and societal welfare can be measured, has become urgent in economics. The module provides students with a solid grounding in the concepts and methods in the economics of wellbeing. This includes a thorough discussion of the approaches and contributions of cutting-edge research, for instance on the realms of welfare measurement and labour economics. In the course of the practicals, students will conduct an individual empirical happiness research project using the software package STATA.

Objectives

This module aims to:
- Introduce students to key concepts and methods in the economics of wellbeing.
- Enable students to develop and demonstrate an advanced knowledge of conceptual and empirical issues in the economics of wellbeing.
- Critically apply the key conceptual and empirical issues to explore current issues in the economics of wellbeing.

Learning outcomes
On completion of this module, students will be able to:
- Apply key foundational concepts to answer questions on the economics of wellbeing.
- Analyse, synthesise and evaluate the key conceptual and empirical issues in the economics of wellbeing.
- Demonstrate a critical appreciation of current research.

Skills outcomes
Use of statistical software package, STATA

Syllabus

Indicative content includes:
-Why economists study happiness
-Concepts and methods of research in the economics of wellbeing
-Measurement of welfare
-The relationship between income and welfare
-Exploring the true cost of unemployment
-Welfare and labour market policy

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	10	2.00	20.00
Practical	5	2.00	10.00
Private study hours			120.00
Total Contact hours			30.00
Total hours (100hr per 10 credits)			150.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Coursework

Assessment type	Notes	% of formal assessment
Report	3,000 word report on STATA-based project	100.00
Total percentage (Assessment Coursework)		100.00

The resit for the module is 100% by 3,000 word report.

Reading list

The reading list is available from the Library website

Last updated: 29/07/2021 14:45:13

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