The dissertation unit gives the opportunity to engage in independent study focusing on a relevant economic, social science or business related area of choice with guidance and supervision. The unit encourages the development of autonomous learning, requiring a commitment to study, initiative, confidence, perseverance, self-motivation and organisation in deploying knowledge, concepts and skills acquired throughout the degree. The topics of study will involve quantitative methods.
Economics and Crime
The economics of crime is an area of growing activity and concern, increasingly influential both to the study of crime and criminal justice and to the formulation of crime reduction and criminal justice policy. The module includes an introduction to basic economic concepts and explores how they can be applied to the study of crime and criminality. It also provides a detailed discussion of rationality as an economic concept and its development as a strand of some criminological theories such as Rational Choice theory and Routine Activities theory.
This unit will address issues in both international trade theory and commercial policy. Part 1. International Trade Theory: 1. The Classical Model of the Basis of Commodity Trade 2. The Heckscher-Ohlin Model of Commodity Trade 3. The Gains from Trade and the Distribution of Income 4. Alternative Theories of Comparative Advantage 5. International Factor Movements - Direct Foreign Investment 6. International Factor Movements - Labour Migration: Part 2. The Theory of Commercial Policy: 7. General Arguments for Tariffs and Optimal Tariffs 8. The theory of the Second Best 9. Non-tariff Barriers to Trade 10. Theory of Customs Union and Free Trade Areas 11. Strategic Trade policy 12. Regulating International Trade: GATT to WTO.
In this unit students will build on the tools and knowledge they have acquired in the preceding levels and apply them to complex environmental natural resources policy issues.
Corporate Finance and Investments
Focuses on financial decision making in the modern corporation. The basic issues include: capital budgeting and corporate investment, capital structure, corporate sources of funding, international finance, and financial risk management.
Econometrics: Analysis and Forecasting
Econometrics, literally measuring economics is the technique whereby hypotheses and theories about society and business can be modelled and tested. Time-series analysis allows us to make simple forecasts of likely future outcomes based on recent economic patterns.
International Business and Global Change
The unit provides a critical examination of the processes of globalization and the growing complexity of international business activity, which are transforming the world economy. The main topic areas include an examination of the changing nature and distribution of economic activity, an examination of the meaning of globalisation, an evaluation of the key processes and drivers of globalisation, theories of multinational corporations, the nature of international business environments, methods of servicing overseas markets, production strategies and labour resources.
Contemporary Political Economy
In this unit, various modern and contemporary schools of Political Economy will be explored as responses to the current economic environment and also as reactions to mainstream orthodox economic theory. This will include such examples as the Post-Autistic Movement; The Other School of Economics and Islamic Economics; as well new ideas as they emerge.
This unit will provide the opportunity to research and produce a sustained, year long, in-depth, research based, piece of scholarly work based on a specific topic of study. The onus is on independent study. The dissertation unit gives the opportunity to engage in independent study focusing on a relevant economic, social science or business related area of choice with guidance and supervision. The unit encourages the development of autonomous learning, requiring a commitment to study, initiative, confidence, perseverance, self-motivation and organisation in deploying knowledge, concepts and skills acquired throughout the degree. The topics of study can involve methods such as interviewing, content/document analysis, case studies or mixed methods (triangulation).
Advanced Economic Theory
The unit addresses advanced macroeconomic and microeconomic models and evaluates their effectiveness against real world challenges. Emphasis is placed on the topics’ theoretical foundations, supplemented by their real world applications that inform government’s policy options and decision-making and firms’ constraints. As such, the dilemmas facing the UK government, the Bank of England, domestic institutions, firms and international organisations are assessed. Topics include: Macro: Approaches to money creation, the impact of Quantitative Easing, Central Bank policies and monetary targeting, alternatives of deficit financing, debt profile characteristics, adjustments to shocks - Brexit, debt management, wealth effects and exchange rate determination in open economy. Micro: Decision making under risk and uncertainty; critiques of and alternatives to expected utility theory; insurance markets; game theory; information economics.