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2024/25 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 2024/25



This module is not approved as an Elective

Module summary

This module familiarises students with the economics of wellbeing and provides a training in applied data analyses. In the lectures, we will answer the question why measuring individual and societal welfare has become an urgent topic in economics. Then, the concepts and methods of wellbeing research will be introduced. On this basis, we will discuss applications of wellbeing research in economics, such as welfare measurement beyond GDP, labour market policy and cost-benefit analysis of environmental goods. In the course of the practicals, students will learn to conduct their own empirical wellbeing research project using STATA.The module is an international collaboration with colleagues from Free University Berlin. Lectures take place in person at the University of Leeds. In the practicals, students use their own computers to conduct wellbeing research. They are taught online by colleagues from Leeds and Berlin.


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 independently 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.
- Conduct independent wellbeing research

Skills outcomes
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 beyond GDP
-The relationship between income and welfare
-Exploring The true cost of unemployment
-Welfare and Labour market policy and wellbeing
-Cost-benefit analysis of environmental goods using wellbeing data

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours114.00
Total Contact hours36.00
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 working on your individual research project.

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
Report3,000 word report on STATA-based project100.00
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: 29/04/2024 16:16:21


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