| CODE | ECN0101 | ||||||||
| TITLE | Basic Skills in Economics for Land Use | ||||||||
| UM LEVEL | 00 - Mod Pre-Tert, Foundation, Proficiency & DegreePlus | ||||||||
| MQF LEVEL | 4 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Economics | ||||||||
| DESCRIPTION | This study-unit aims to provide a basic understanding of the main topics in economics. The special focus will be on land management. The lecture topics are listed below: Part 1: Microeconomics - The Common Economic Problem of Scarcity; - Demand / Supply and Market Equilibrium; - Elasticities; - Theory of Demand - Consumer Behaviour; - Theory of Supply – Cost Curves. Part 2: Macroeconomics - The Circular Flow of Income and Measuring National Income; - Economic Growth; - Unemployment; - Inflation; - Government and Fiscal Policy. Study-Unit Aims: The study-unit aims to introduce student to the fundamental principles of economics through a micro and micro economic perspective. It will integrate these principles within the main economic concepts and tools for analysis. At the end of the study-unit students will be able to assess or examine real life concerns related to land management from the point of view of economics. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - define basic economic principles; - apply knowledge of systems as used by economists; - apply knowledge to evaluate real life economic situations focusing on land management; - explain the impact of economic issues on the economy as a whole as well as how this has an effect on issues which are more micro in nature: like land use. 2. Skills: By the end of the study-unit the student will be able to: - analyze the behavior of economic agents with a special focus on land use; - evaluate the macro economic environment and the role of governments and related economic agencies to deal with issues related to the use of land. Main Text/s and any supplementary readings: Sloman, J., Garratt, D., Guest, J. (2019) Economics, 10th edition. Pearson. Gnedenko, E. (2020) Land Economics and Policy. Boston University Press. Available online: https://www.bu.edu/eci/files/2020/06/Land-Economics_final.pdf. Harrison, A.J. (2019) Economics and Land Use Planning. Routledge. A number of journal papers will be shared with the students during the course of the lectures. |
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| STUDY-UNIT TYPE | Lecture and Independent Study | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Philip Von Brockdorff |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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