ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title ALTERNATIVE PERSPECTIVES IN ECONOMICS
Code ECON250
Coordinator Dr SB Pfaffenzeller
Economics
S.Pfaffenzeller@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 5 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   12

      24

36
Timetable (if known)           120 mins X 1 totaling 24
 
 
Private Study 102
TOTAL HOURS 138

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Essay based on Synopsis Assessment Type: Coursework Size: 2500 words Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty Applies A  -2500 words    70       
Assessment 1: Synopsis Assessment Type: Coursework Size: 500 words Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Asses  -500 words    30       

Aims

This module aims to provide a historical and methodological basis for understanding modern economic theory.


Learning Outcomes

(LO1) Analyse the philosophical basis for methodology

(LO2) Differentiate between and analyze the approach to subject matter adopted by the different schools of thought

(LO3) Demonstrate a knowledge of the context within which different strands of economic thought developed

(LO4) Evaluate different methodological approaches

(S1) Communication skills

(S2) Lifelong learning centre

(S3) Ethical awareness


Teaching and Learning Strategies

Teaching Delivery: Mixed, hybrid delivery with social distancing on campus.

Teaching Method: Online Asynchronous Learning Materials
Unscheduled Directed Student Hours: 24
Description: pre-recorded sessions with material approximately equivalent to 12 traditional 2 hour lectures
Attendance Recorded: No

Teaching Method: Seminar
Scheduled Directed Student Hours: 12
Description: weekly 1 hour seminars in weeks 1-12
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 12
Attendance Recorded: No

Self-Directed Learning Hours: 102

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: Taught

Skills / attributes: Lifelong learning centre
How this is developed: Develope d through critical thinking, questioning of assumptions and claims and informed debate.

Skills / attributes: Communication skills
How this is developed


Syllabus

 

Scientific Methods and Methodology: relativist and rationalist positions in economics

Classical Liberalism and classical economics: from Locke, Ricardo and Marx to the Marginalist Revolution

Keynes and post-Keynesians

The Austrian School;

Modern non-mainstream schools of thought

Methodological innovations: Behavioural and experimental economics

Political economy and the moral constraints on markets


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.