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SO4002 - Skills For Economics

This module aims to equip students with statistical, computing, and research skills to support their economics program. It will cover basic statistical concepts, quantitative and qualitative research methods, and developing proficiency in Microsoft Excel. Students will complete a group project and presentation applying these skills, and an individual exam on statistical concepts. The module involves 48 contact hours across 24 weeks with formative and summative assessments to develop students' abilities in preparing and presenting economic research.

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857 views

SO4002 - Skills For Economics

This module aims to equip students with statistical, computing, and research skills to support their economics program. It will cover basic statistical concepts, quantitative and qualitative research methods, and developing proficiency in Microsoft Excel. Students will complete a group project and presentation applying these skills, and an individual exam on statistical concepts. The module involves 48 contact hours across 24 weeks with formative and summative assessments to develop students' abilities in preparing and presenting economic research.

Uploaded by

milkmuc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SO4002 - Skills for Economics

1. Module Code SO4002 2. Module Title Skills for Economics


3. Module Level 4 4. Module Credit 20 CC   10 ECTS
5. Delivery Site(s) Chester Parkgate Road Campus, KDU College (PJ)
6. Available to / Restrictions None
7. Expected Student Learning Activity and Contact Hours including Key Information Set (KIS) data

A total of 200 hours of student learning time of which there will be 48 hours of contact time across the 24
weeks of delivery managed flexibly to include a wide variety of learning, teaching and delivery methods
appropriate to the learning outcomes.
Scheduled hours Placement Hours Independent Guided study

48 0 152

8. Attendance Guidance

It is expected that all students attend all sessions, unless there are clear mitigating circumstances which indicate
otherwise. Much of the work undertaken in class is formative and contributes to the achievement of the learning
outcomes.
9. Module Content

This module is designed to equip students with a mix of skills to support learning on their
Economics Programme. Part of the module will be devoted to learning basic principles of Statistics for
Economics. The other part will be based on various demonstrations of the application of computing in
Economics mainly using Microsoft Excel, and practical sessions where students will develop their own skills
both individually and as a group. The module provides a framework for problem solving, including how to
identify objectives and constraints, and enables students to develop their capacity for applying basic software
skills in their study of Economics. It also offers guidance in collecting information from diverse sources and
support in developing information literacy and referencing skills. Within this context it will offer an
introduction to research methodology, which will enable building the basis for different pieces of research
throughout the degree. This module provides the foundations on which SO5005 Introductory Econometrics will
build.

The module content will include:

 Describing and summarising data;


 Probability theory and distributions;
 Central Limit Theorem (CLT), estimation and confidence intervals;
 Hypotheses testing;
 Correlation and linear regression;
 Study skills to include information literacy (numeracy and literacy), referencing and assessment support.
 Introduction to quantitative and qualitative research methods.

 
10. Aims
 

The aims of the module are to: 

 Enable students to acquire appropriate skills in Statistics for moving to level 5. 
 Introduce students to the basic concepts related to research methodology.
 Enable students to develop skills essential to undertake and present quantitative research using
Microsoft Excel.
 Develop teamwork and presentation skills.
 Enable students to make effective use of University computing and library resources for purposes of
communication, research and collection and description of economic data. 

11. Methods of Learning and Teaching and Formative Assessment

Contact time will be used creatively to enable the students to achieve the learning outcomes. The emphasis will
be on formative activities and assessments as part of the development towards summative assessments. There
will be support in place before, during and after the summative assessments. The teaching team will use
Sharepoint to support the learning process, working with LIS to ensure appropriate learning resources are
accessible on the Moodle pages. As this is a skills module, a range of transferable and key skills will be
incorporated. In addition, sessions will be held with colleagues from Student Skills Development and Learning
Information Resources. Some sessions will use our computer facilities and specialist software in support of
statistical analysis. There will be support in place for students who may find some of the statistical concepts
challenging, through online activity, workbooks, peer group working and one to one tutorial sessions. Students
are encouraged to develop independent study skills.
12. Learning Outcomes

By the end of the module, students should be able to:

1. Acquire and develop appropriate statistical skills for moving to level 5.


2. Identify and distinguish the different research methods available, choosing the relevant one/s depending
on the economic problem under analysis.
3. Identify, collect, analyse, interpret and present economic data. 
4. Select and use appropriate techniques in Microsoft Excel to evaluate a given economic problem.
5. Articulate and use key ideas associated with first year Microeconomics and Macroeconomics.

13. Assessment and Reassessment Components and Weighting


 13a. Assessment

Component Weighting Learning outcome(s) KIS category


% assessed

1 Project report (1600 words equivalent) 40% 2-5 Coursework


Group presentation of project report (800
2 20% 3 Coursework
words equivalent)
90-minutes written exam (1600 words
3 40% 1,4 Written Exam
equivalent)
 

 
 13b. Reassessment

Reassessment will be of failed component(s) or equivalent.


14. Key References

Davies, M. and Hughes, N. (2014) Doing a successful research project using qualitative or quantitative
methods.  United Kingdom, Basingstoke: Palgrave Macmillan.

Judge, G. (2000). Computing Skills for Economists. United Kingdom, Chichester: Wiley.

Lind, D. A., Marchal, W.G., & Wathen, S. A. (2015). Statistical Techniques in Business and Economics (16th
ed.). US, New York: McGraw-Hill.

Oakshott, L. (2012). Essential Quantitative Methods for Business, Management & Finance (5th ed.), United
Kingdom, Basingstoke: Palgrave Macmillan. 

Oakshott, L. (2014). Quantitative Methods. United Kingdom, Basingstoke: Palgrave Macmillan.

Stock, J.H., & Watson, M. M. (2015). Introduction to Econometrics (3rd ed.). United Kingdom, Essex: Pearson
Education Limited. 

 
15. Module Leader

Dr. Lory Barile


16. Module Assessment Board

Social and Political Science


17. Approved by

Social Science Board of Studies


18. Date of Approval

Wed, 06 Jul 2016


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