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2022/23 Undergraduate Module Catalogue

LUBS1620 Schools of Thought in Economics

10 creditsClass Size: 192

Module manager: Andrew Mearman

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2022/23

This module is not approved as a discovery module

Module summary

This module will introduce students to the schools of thought in economics. Students will develop an understanding of the foundations of various schools of thought and how these foundations influences how these schools of thought make sense of and view the world around us. This module will enable students to identify the underlying assumptions and perspectives in debates and arguments.


The main aim of this module is to introduce students to the key schools of thought in economics. Students will be able to identify these views and compare them.

Learning outcomes
Upon completion of the module, students will be able to:-

- Identify in discussions or written work the features that are related to schools of thought in economics.
- Explain the similarities and differences between these schools of thought.
- Understand the fundamental concepts of the schools of thought in economics and how these concepts influence the perspective with which these schools of thought view the economy.

Skills Outcomes
- Identify key features of arguments and discussions
- Begin to critically analyse arguments and discussions
- Express arguments concisely
- Engage in synthesis

Skills outcomes
Understanding of the schools of thought in economics.


For each school of economic thought considered in this module, we will consider their key tenets, thinkers and contemporary relevance and developments. The schools may include but are not necessarily limited to:
- 'Mainstream'
- Institutional
- Austrian
- Post-Keynesian
- Marxist

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours84.00
Total Contact hours16.00
Total hours (100hr per 10 credits)100.00

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

Assessment typeNotes% of formal assessment
Essay3,000 words100.00
Total percentage (Assessment Coursework)100.00

The resit for this module will be 100% by 3,000 word coursework.

Reading list

The reading list is available from the Library website

Last updated: 29/04/2022 15:28:06


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