2021/22 Taught Postgraduate Module Catalogue
LUBS5148M Economics of Wellbeing
15 creditsClass Size: 100
Module manager: Dr Clemens Hetschko
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2021/22
This module is not approved as an Elective
Module summaryThe 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.
ObjectivesThis 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.
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.
Use of statistical software package, STATA
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
|Delivery type||Number||Length hours||Student hours|
|Private study hours||120.00|
|Total Contact hours||30.00|
|Total hours (100hr per 10 credits)||150.00|
Private studyThis could include a variety of activities, such as reading, watching videos, question practice and exam preparation.
Opportunities for Formative FeedbackYour 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
|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 listThe reading list is available from the Library website
Last updated: 29/07/2021 14:45:13
Browse Other Catalogues
- Undergraduate module catalogue
- Taught Postgraduate module catalogue
- Undergraduate programme catalogue
- Taught Postgraduate programme catalogue
Errors, omissions, failed links etc should be notified to the Catalogue Team.PROD