Module ECON1091: Introduction to Economic Ethics

Department: Economics and Finance

ECON1091: Introduction to Economic Ethics

Tied To

• L100: Economics
• L106: Economics with Placement Year
• L109: Economics with Study Abroad
• L1R1: Economics with French
• V612: Theology with Foundation (see Undergraduate Handbook 2016-2017 for details)
• V614: Theology and Religion
• V615: Theology and Religion (with Year Abroad)

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To consider a variety of economic issues and policies from the perspectives of different ethical frameworks, drawing on economic theory to the extent necessary for informed evaluation at the ethical level.
• To introduce students to the different ethical frameworks available, including neoclassical welfare economics, virtue ethics and Catholic Social Thought.
• To explain the close relationship between ethical frameworks and economic theories.

Content

• Introduction to different ethical frameworks including the utilitarian basis of welfare economics, virtue ethics and Catholic Social Thought.
• Analysis of a variety of economic issues and policy questions including the relevant empirical data and applying the different ethical frameworks.
• Elaboration of sufficient economic theory in each policy area to inform the discussion.
• A clear indication, as appropriate, of the reasons for the different conclusions of each ethical framework in a particular policy area and the extent to which these differences arise from ethical premises or economic theory.

Learning Outcomes

• knowledge and understanding of key ethical issues and questions in Economics
• familiarity with the empirical data relating to each issue
• introduction to different ethical frameworks relevant to economic theory and policy
• introduction to competing economic theoretical frameworks

• interpretation of economic data and descriptive statistics in graphical and tabular form
• critical analysis and evaluation of competing ethical arguments

• critical thinking
• interpretation of economic data
• construction of logical argument in prose
• advocacy and debate of opposing claims in person

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is through lectures and seminars.
• Learning will be based on knowledge acquired through lectures, preparation for and participation in seminars, and private study. The focus of most lectures will be a specific real-world issue, with an emphasis on the presentation of empirical evidence to ground the theoretical content. Seminars will be structured in part as debates with students nominated to take opposite sides of the argument.
• Formative assessment concentrates on the ability to construct a reasoned evidence-based argument within one or more explicit ethical frameworks.
• Summative assessment is by means of an examination (60%) and a 2,500 word essay completed during Epiphany term (40%).

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

1,500 word essay to be completed during Michaelmas term.