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 2019-20 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 24

 5

         29
Timetable (if known) 120 mins X 1 totaling 24
  		           
Private Study 121
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: Written Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty Appl  2 hours    70       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Essay Assessment Type: Coursework Size: 2500 words Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessm  -2500 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 Method: Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

Teaching Method: Seminar
Scheduled Directed Student Hours: 5
Attendance Recorded: Yes

Self-Directed Learning Hours: 121

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: Taught
Mode of assessment (if applicable): Examination

Skills / attributes: Lifelong learning centre
How this is developed: Developed through critical thinking, questioning of assumptions and claims and informed debate.
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed
Mode of assessment (if applicable): Examination

Syllabus
 

Scientific Methodology and its Use in Economics;

Relativism versus Absolutism;

Friedman’s Methodological Individualism? Post-Modernist Economics;

Adam Smith;

Ricardo and from Ricardo to Marx;

Marx – Methodological Realism in Economics?;

The Marginalist Revolution in Economics – Positivism Entrenched?;

Keynes and the Keynesian Revolution;

The Austrian School;

An Introduction to Post-Keynesianism and Institutional Economics;

The Neo-Marxists – Planning versus the Market;
 
Morals and markets.

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