FAMILY ECONOMICS AND POLICY - 2017/8

Module code: ECO3051

Module provider

Economics

Module Leader

OREFFICE S Prof (Economics)

Number of Credits

15

ECT Credits

7.5

Framework

FHEQ Level 6

JACs code

L110

Module cap (Maximum number of students)

N/A

Module Availability

Semester 2

Overall student workload

Independent Study Hours: 128

Lecture Hours: 22

Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test CLASS TEST - ESSAY BASED QUESTIONS - 1 HOUR 30%
Examination 2 HOUR EXAMINATION - ESSAY BASED QUESTIONS 70%

Alternative Assessment

Not applicable

Prerequisites / Co-requisites

None

Module overview

The module examines the nature and behaviour of households in modern economies. The module will introduce a supply and demand model of the marriage market, the analysis of household production and division of labour in the family, gains from marriage, matching in the marriage market, divorce, intra-household bargaining, economics of fertility, and birth control. The module contains both theoretical and empirical components and will include the interpretation of estimates from econometric analysis.

Module aims

provide students with the microeconomic tools needed to analyse fundamental contemporary questions concerning the individuals' behaviour inside and outside the family.

help students to understand contemporary issues in economics and public policy concerning the formation and dissolution of families, work and family decisions, and children.

Learning outcomes

Attributes Developed
Apply economics to fundamental contemporary questions concerning individuals' behaviour inside and outside the family. KCT
Apply standard economic principles to the analysis of marriage, divorce, fertility, division of labour, childcare. KCT
Describe the main features of, and trends in, the UK household patterns and family policies. KCT
Interpret relevant data and empirical findings on household behaviour. KCT
Assess appropriate policies for various social problems related to these phenomena. KCT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content

Indicative content includes:


Analysis of the economic aspects of the family. Development and application of microeconomic tools to the study of households and their interaction in the economy.
The marriage market, basic and extended model (matching)
Intra-household bargaining; Divorce
Fertility; sex ratio and its imbalances
Household production and the division of labour
Family policies

Methods of Teaching / Learning

The learning and teaching strategy is designed to:


enhance skills in analytical and critical thinking, and in written and verbal presentation
appreciate the complexities of decision making, weighing theory and practice


The learning and teaching methods include:


2 hour lectures / classes (including in-class discussions) x 11 weeks.

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of household behaviour and contemporary family policies.

Thus the summative assessment for this module consists of:


The coursework will be composed of one in-class test (30%) of essay based questions. This will provide students with an assessment of their understanding of the basic concepts and empirical patterns, indicated in the learning outcomes and module content.
Final exam of two hours consisting of essay based questions.


Formative assessment and feedback

Students will receive verbal feedback during lectures through direct questioning.

After the class test, the test questions, solutions, and main mistakes will be discussed in class. Each student will receive their own script with comments on their performance and a written marking scheme by question. All this feedback will help students to judge their own performance and prepare for the final exam.In addition, students will be encouraged to attend office hours to receive further verbal feedback.

Reading list

Reading list for FAMILY ECONOMICS AND POLICY : http://aspire.surrey.ac.uk/modules/eco3051

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2017/8 academic year.