LOUGHBOROUGH UNIVERSITY Programme Specification B.Sc. ECONOMICS WITH FRENCH Please note: This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if full advantage is taken of the learning opportunities that are provided. More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module can be found in Module Specifications and other programme documentation and online at http://www.lboro.ac.uk/ The accuracy of the information in this document is reviewed by the University and may be checked by the Quality Assurance Agency for Higher Education. Awarding body/institution; Loughborough University Teaching institution (if different); Details of accreditation by a professional/statutory body; Name of the final award; B.Sc. (Honours) Economics with French Programme title; Economics with French UCAS code; L1R1 Date at which the programme specification was written or revised. March 2006 1. Aims of the programme: To provide students with the opportunity to study a broad curriculum in both Economics and French. To provide training in the principles of economics and their application. To stimulate students intellectually through the study of economics and to lead them to appreciate its application to a range of problems and its relevance in a variety of contexts. To provide a firm foundation of knowledge about the workings of the economy and to develop the relevant skills for the constructive use of that knowledge in a range of settings. To develop in students the ability to apply the knowledge and skills they have acquired to the solution of theoretical and applied problems in economics. To equip students with appropriate tools of analysis to tackle issues and problems of economic policy. To develop in students, through the study of economics, a range of transferable skills that will be of value in employment and self-employment 1 To provide students with analytical skills and an ability to develop simplifying frameworks for studying the real world. To develop in students the ability to appreciate what would be an appropriate level of abstraction for a range of economic issues. To provide students with the knowledge and skill base, from which they can proceed to further studies in economics, related areas or in multi-disciplinary areas that involve economics. To generate in students an appreciation of the economic dimension of wider social and political issues. To provide specialised training in the aspects of economics relevant to industry, commerce and financial services. 2. Relevant subject benchmark statements and other external and internal reference points used to inform programme outcomes: QAA Subject Benchmark Statements: Economics. http://www.qaa.ac.uk/academicinfrastructure/default.asp Framework for Higher Education Qualifications. International links with a network of eleven European Universities within the Socrates exchange programme. University Learning and Teaching Strategy. http://www.lboro.ac.uk/admin/ar/learning_and_teaching/index.htm Departmental learning and teaching policies. Links, both formal and informal, with external examiners. Staff research specialisms, and professional involvement in the discipline. 3. Intended Learning Outcomes Knowledge and Understanding: On successful completion of this programme, students should be able to demonstrate knowledge and understanding of: A coherent core of economic principles. The understanding of these might be verbal, graphical or mathematical. These principles will cover the microeconomic issues of decision and choice, the production and exchange of goods, the interdependency of markets, and economic welfare. They also include macroeconomic issues, such as employment, national income, the balance of payments and the distribution of income, inflation, growth and business cycles, money and finance. The understanding should extend to economic policy at both the microeconomic and macroeconomic levels. In all these, students should show an understanding of analytical methods and model-based argument and should appreciate the existence of different methodological approaches. Relevant quantitative methods and computing techniques. These are likely to cover mathematical and statistical methods, including econometrics. Students will have exposure to the use of such techniques on actual economic, financial or social data. A knowledge and appreciation of economic data, both quantitative and qualitative. Students should also have some knowledge of the appropriate methods that the economist might use to structure and analyse such data. The applications of economics. Students should have the ability to apply a core of economic principles and reasoning to a variety of applied topics. They should also be aware of the economic principles that can be used to design, guide and interpret commercial, economic and social policy. As part of this, they should have the ability 2 to discuss and analyse government policy and to assess the performance of the UK and other economies. The above implies that the attainments of students should be: Ability to demonstrate specialised knowledge relating to French language, society and politics Ability to apply core economic theory and economic reasoning to applied topics. Ability to relate differences in economic policy recommendations to differences in the theoretical and empirical features of the economic analysis, which underlie such recommendations. Ability to discuss and analyse government policy and to assess the performance of the UK and other economies. Understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them. Understanding of relevant mathematical and statistical techniques. Understanding of analytical methods, both theory- and model-based. Appreciation of the history and development of economic ideas and the differing methods of analysis that have been and are used by economists. The appropriate techniques to enable manipulation, treatment and interpretation of the relevant statistical data. Teaching, learning and assessment strategies to enable outcomes to be achieved and demonstrated: Learning and teaching is provided through lectures, tutorials, seminars, computerbased laboratory workshops, group work, web-based guided study, presentations and guided independent study. Contact and feedback is typically provided through projects, coursework assessment (essays, short answer and multiple choice), lectures, tutorials, presentations, seminars, computer-based laboratory workshops, group work, webbased guided study/self tests, guided independent study, and one to one contact with staff within the personal tutoring system and office hours with lecturers and subject tutors. Students receive a departmental handbook detailing procedures, how to contact staff, how to get help, assessment criteria, programme outlines, module specifications, essay writing and presentation of coursework note taking and potential prizes awarded for academic achievement. This information is also available to students on the University intranet. All programmes taught within the Economics Department contain a common core of modules. As students progress through each part of the programme they will develop more programme specific skills, knowledge and understanding with greater contact with staff in that specialism. In the final year students are given the option of a 20 credit weighted project. Skills and other attributes: Key skills and rigorous transferable skills On successful completion of this programme, students should be able to demonstrate the key skills of, Analysis and decision making. Communication. Numeracy and computation. 3 IT, information handling and retrieval, including library skills. Independent study and group work. Time management. More specifically students should be able to demonstrate the following rigorous transferable skills: Abstraction. From the study of economic principles and models, students see how one can abstract the essential features of complex systems and provide a useable framework for evaluation and assessment of the effects of policy or other exogenous events. Through this, the typical student will acquire proficiency in how to simplify while still retaining relevance. This is an approach that they can then apply in other contexts, thereby becoming more effective problem-solvers and decision-makers. Analysis, deduction and induction. Economic reasoning is highly deductive, and logical analysis is applied to assumption-based models. However, inductive reasoning is also important. The typical student will have been exposed to some or all of these and be able to use some of them. Such skills also enhance their problemsolving and decision-making ability. Quantification and design. Data, and their effective organization, presentation and analysis, are important in economics. The typical student will have some familiarity with the principal sources of economic information and data relevant to industry, commerce and government, and have had practice in organising it and presenting it informatively. This skill is important at all stages in the decision-making process. Framing. Through the study of economics, a student should learn how to decide what should be taken as given or fixed for the purposes of setting up and solving a problem, i.e. what the important 'parameters' are in constraining the solution to the problem. Learning to think about how and why these parameters might change encourages a student to place the economic problem in its broader social and political context. This `framing' skill is important in determining the decision-maker's ability to implement the solutions to problems. Teaching, learning and assessment strategies to enable outcomes to be achieved and demonstrated: The skills listed above are developed heterogeneously throughout the modules of the degree programme. For example, Data analysis and Information Technology modules focus on numeracy and computational skills, quantification, IT, information handling and retrieval skills, whereas Macroeconomics and Microeconomics courses develop communication skills, abstraction, analysis and decision making skills, numeracy, independent study, group work skills and time management skills. Part A of the programme focuses especially on subject areas rich in rigorous transferable and key skills, Information Technology, Data Analysis, Quantitative Economics, Microeconomic Principles and Macroeconomic Principles. In further years the key skills are enhanced by the Part C optional project that brings together all of the skills referred to above. Examinations indicate how well the student can demonstrate their mastery of an area by selecting appropriate material from memory and applying it using their key and transferable skills, outlined above, to a typically unseen question in a limited period of time. Coursework may take many forms, for example presentations, multiple choice tests, short answer tests through to timed essays, short projects, group work and a third 4 year optional project. In all cases learning is encouraged, enhanced and feedback given in order to help the student assess and review their subject specific knowledge and subject specific skills. 4. Programme structures and requirements, levels, modules, credits and awards: Students have a choice over length of programme. 1. Three year programme Year 1 (Part A), Year 2 (Part B), Year 3 (Part C) 2. Socrates scheme, with a year abroad Part I, between Part B and Part C Year 1 (Part A), Year 2 (Part B), Year 3 (Part I), Year 4 (Part C) Part I is not assessed for the degree but may earn a Diploma in Professional Studies Each part of the programme (A, B, C) allows progressively more choice over modules (options) and fewer compulsory core modules. Students must have a total modular weighting of 120 credits per year. This must include the compulsory modules. The remaining optional modules may be chosen to give a 60:60 split over the two semesters, or alternatively, 50:70 or 70:50. Except in exceptional cases, the University allows only a maximum of 80 credits to be chosen from 20 weighted long-thin modules. These are modules that are studied continuously over both Semesters 1 and 2. Note that any 50:70 or 70:50 variation employed must be restricted to the modules offered by the Economics Department. Part A - Core Economics Introductory Modules Semester 1 and 2 Compulsory Modules for all Economics with a Minor Programmes: ECA001 Principles of Macroeconomics ECA002 Principles of Microeconomics ECA003 Data Analysis and IT (S1) ECA004 Quantitative Economics (S2) Part A - Minor Content for Economics with French Semester 1 Compulsory Modules: EUL107 French Language 7 Semester 2 Compulsory Modules: EUA605 Contemporary European Studies EUL108 French Language 8 5 20 20 20 20 10 20 10 Part B - Core Economics Modules Semester 1 and 2 Economics Compulsory Modules: ECB001 Intermediate Macroeconomics ECB002 Intermediate Microeconomics Economic Optional Modules Semester 1 and 2 Optional Modules ECB003 Introduction to Econometrics ECB004 Introduction to Finance ECB005 International Economic Relations Semester 1 Optional Modules ECB015 Economics of the Financial System ECB035 Economics of the Welfare State Semester 2 Optional Modules ECB030 Energy and the Environment ECB115 Financial Institutions, Systems and Markets ECB135 Economics of Criminology Part B - Minor Content for Economics with French Semester 1 Compulsory French Modules EUB610 Borders and Boundaries EUL109 French Language 9 Semester 2 Compulsory French Modules EUL110 French Language 10 20 20 20 20 20 10 10 10 10 10 20 10 10 Part I : Year Abroad (8 semester programme only) During the Year Abroad students will undertake a programme of study as specified by the Department of Economics. Part C - Core Economics Modules Economics Optional Modules - A total weighting of 80 must be chosen Semester 1 and 2 Optional Modules ECB003 Introduction to Econometrics ECC003 International Money and Finance ECC004 Financial Economics and Corporate Finance ECC005 Economics of Industry and the Firm ECC006 Economics of Developing Countries ECC126 Project Semester 1 Optional Modules ECC007 Economics of Uncertainty and Information ECC010 Game Theory ECC024 Econometric Modelling 1 ECC031 International Trade ECC035 Monetary Theory and Policy ECC101 Developments in Macroeconomics Semester 2 Optional Modules ECC001 Developments in Microeconomics ECC009 Public Finance ECC050 Comparative Banking ECC124 Econometric Modelling 2 ECC133 Economics of Monetary Integration 6 20 20 20 20 20 20 10 10 10 10 10 10 10 10 10 10 10 Part C Minor Content for Economics with French Semester 1 French Compulsory Module EUL111 French Language 11 Semester 2 French Compulsory Module EUL112 French Language 12 Semester 1 & 2 French Compulsory Module EUC100 The French Dissertation 10 10 20 5. Criteria for admission to the programme: A Level qualifications: 320 points from: two subjects at A Level plus a third subject at A Level or two subjects at AS Level (not including general studies) with no subject below grade C Other qualifications: Vocational A Level (VAL): 320 points from a minimum of 18 units (any combination of VAL units/AS Level units/A Level units). Additional requirements: GCSE Mathematics grade C. Admissions tutor: Professor T.Weyman-Jones, Tel 01509 222710 Fax 01509 223910, Email: ug.economics@lboro.ac.uk 6. Information about assessment regulations: Most modules are assessed by a mixture of written exam and coursework, although there are exceptions in Year 1 (Part A) where some modules are assessed purely by coursework. Typically, though, coursework counts 20-30 percent and examinations 70-80 percent to the final module mark. First year assessment is for progression to the second year. Second and third year results are weighted 30 and 70 percent respectively for calculation of the final degree classification. Students follow 120 credits of modules each year (60 credits per semester). In order to gain credit for a module, students must achieve a pass mark of 40%. In the first and second year students must accumulate 100 credits and obtain a minimum of 30% in the remaining modules in order to progress to the second/third year (Part B/C). Part C students who entered the University from 2004-5 onwards must pass 100 weight and obtain a minimum mark of 20% in remaining modules. In addition, to progress from the second (Part B) to the final year (Part C) candidates must accumulate 200 credits (where 100 credits must be from modules taken in Part B). The Degree of Bachelor (Honours) is awarded if 300 credits are accumulated with no less than 100 from Part C in not less than 6 semesters. Reassessment is permitted, only if a student has achieved at least 40 credits in that year, during the Special Assessment Period (SAP). Full details of these arrangements are contained in the official programme regulations. 7 7. Indicators of quality: The Department of Economics scored a near perfect 23 out of a possible 24 points in the recent (2001/2002) External Subject Review (ESR) for Economics. Our Research Assessment Exercise (RAE) ranking was 3a. 8. Particular support for learning: Careers Centre: http://www.lboro.ac.uk/service/careers/section/careers_service/welcome.html The Careers Centre provides support and advice for students seeking careers guidance and help with job-searching techniques. In addition to its resource and information room the Careers Centre organises careers fairs, employer presentations, management and skills courses, a workshadowing scheme and has a comprehensive website containing vacancies, information, advice and an online careers management system. Careers consultations and shorter quick advice sessions are available with careers advisers. Careers staff also run sessions in departments to help students who are applying for placement. In the UK Graduate Careers survey 2005, sponsored by the Times, Loughborough University Careers Centre was rated as one of the most used of all careers services in Higher Education. Library: http://www.lboro.ac.uk/library/ The University Library provides advanced support for student learning in a purposebuilt building and via the web. Open for upwards of 80 hours per week during semester, the Library holds 700,000 printed books and journals and provides access to 6,000 electronic journals and 200 subject-specific electronic databases. Electronic resources include the Library catalogue, e-books, online reading lists, and the federated search tool MetaLib. Over 100 networked PCs, networked printing facilities and self-service photocopiers are available, and part of the building is wireless networked. There is a variety of study environments, including a large open area for students working in groups; group study rooms bookable by students online and equipped with data projectors; individual study desks and private carrels. Library staff deliver an extensive programme of information literacy and study skills teaching, including induction sessions for first year students, lunchtime sessions on specific information resources, and training tailored for academic departments. Support is available from seven staffed enquiry points, printed and online guides, and the email enquiry service Ask a librarian. Computing Services: http://www.lboro.ac.uk/computing/index.html Computing Services provides the University IT facilities and infrastructure. General purpose computer resources across campus are open 24 hours and more specialist computer laboratories are provided in partnership with departments. Students in halls of residence are supported in connecting their computers to the high speed network. The University’s virtual learning environment “LEARN” provides on and off campus access to web-based teaching materials provided by lecturing staff. 8 Professional Development: Professional Development contributes to enhancing the student learning experience through supporting the professional development needs of staff, and by fostering and promoting effective practice in relation to learning, teaching, assessment and research. This work is led primarily by the Academic Practice and Quality (APQ) Team within PD. New lecturers undertake a range of professional development workshops linked to research and teaching. Teaching practice is assessed through direct observation and production of a teaching portfolio. This provision has been recognised for accreditation purposes by The Higher Education Academy. Accredited provision is also available for learning support staff who carry responsibilities for teaching and supporting student learning. PD works directly with staff and groups who wish to develop more effective learning and teaching methods, including the application of learning technologies which is supported by a dedicated team within PD. Other development opportunities are provided in response to institutional strategic priorities and identified departmental needs. Counselling Service: http://www.lboro.ac.uk/service/counselling/ Students sometimes have difficulty with aspects of their academic work where it can also help to talk with someone outside their department. Counsellors offer confidential, individual assistance. The Counselling Service can help with various aspects of the learning process such as motivation, procrastination, anxiety and panic attacks, block in creativity. It can also help with a huge variety of personal problems which may impair a students’ academic functioning: eg. relationships, loneliness, depression, suicidal feelings or attempts, self-harm, identity, alcohol, family problems, bereavement and loss, sexuality, eating disorders, worries about self esteem, gender identity, mental health problems, decision making, writing blocks, perfectionism, exam panic, transitions and adjusting to a new culture The service also runs a series of workshops and groups on topics such as building self esteem, assertion skills, overcoming anxiety and panic attacks etc. It also offers advice, training and consultancy to staff and academic departments on all aspects of pastoral care including personal tutor training. Please see our website for details of information on common problems and how to make an appointment. English Language Study Unit: http://www.lboro.ac.uk/admin/elsu/index.htm The English Language Study Unit offers support and advice to both UK and International Students in the University. International students are offered support with the language they need for their studies, and are also given advice and guidance on a wide range of issues including: immigration, police registration, and personal issues associated with living and studying in the UK. Support is also offered to students who have dyslexia, dyspraxia and other Specific Learning 9 Difficulties. This is done through individual support and tuition with a specialist tutor and through weekly workshops. Mathematics Learning Support Centre: http://mlsc.lboro.ac.uk/ The Mathematics Learning Support Centre is a resource for students, whatever degree course they are studying. In particular, it aims to help students in the earlier stages of their studies, who might benefit from resources and tuition on top of that normally provided as part of their course. It can provide help with revising longforgotten mathematics, help with basic mathematical techniques and support in coping with the mathematical demands of a particular course. Students can access this help by taking advantage of one or more of the following facilities: Superb resource centre: providing a pleasant, comfortable, working environment with easy access to tutors, textbooks, computer-based learning, help leaflets and much more. Personal mathematics tuition: a ‘drop-in’ surgery to provide help with mathematics where sympathetic and experienced staff are available to answer individual queries and give alternative explanations. Help with statistics: specialist statistics staff available to offer help and advice. Assistance for students with additional needs: one-to-one tuition provided weekly for students with additional needs and who require extra help with mathematics. Access to mathcentre resources – the UK’s on-line support centre offering maths help for a range of disciplines. (www.mathcentre.ac.uk) Help for economics and business school students: web-sites designed specifically with mathematical needs of students in the Economics Department and the Business School in mind. Lunchtime short courses: designed for any student who has not studied mathematics in a serious way since GCSE. Diagnostic tests: these can help identify weaknesses and help focus effort where it is required. The Mathematics Learning Support Centre is there to assist students and enable them to enhance their understanding of mathematics and develop confidence in the subject. Further Information Loughborough University is an acknowledged leader in the support of students from any discipline who need to use mathematics and statistics to underpin their courses. In recognition of the outstanding and highly-developed mathematics support we already provide, the Mathematics Education Centre was recently awarded £4.5 million to develop, in conjunction with Coventry University, a Centre for Excellence in the Provision of University-wide Mathematics and Statistics Support. This award will enable the Centre to maintain its position at the forefront of developments internationally and ensure that all Loughborough University students continue to benefit from resources, innovative facilities and support which are of the highest quality. 10 Disabilities & Additional Needs Service: http://www.lboro.ac.uk/disabilities/ The Disabilities and Additional Needs Service (DANS) offers support for students and staff including: advice both on matters relating to the Special Educational Needs and Disabilities Act (SENDA); adaptation of course materials into Braille/large print/tape/disk/other formats; organising mobility training; BSL interpretation; provision of communication support workers; note takers in lectures/tutorials; assessment of specific support, equipment and software needs; individual/small group tuition for students who have dyslexia; representing students’ needs to academic and other University departments; organising adapted accommodation to meet individual needs; helping to organise carers to meet any personal care needs; organising appropriate support for students who have a mental health problem. DANS has links with the RNIB Vocational College, Derby College for Deaf People and the National Autism Society to offer effective support to students at the University. It regularly takes advice from other national and local organisations of and for disabled people. Where a student has complex support or accommodation needs, contact with DANS is strongly advised prior to application. Mental Health Support Service: http://www.lboro.ac.uk/disabilities/pages/mentalhealth-adviser.html This provides practical assistance to students who face barriers to their education as a result of a mental health difficulty. Help is based on an assessment of the effects of the person’s mental health on their experiences as a student, rather than on broader issues: a range of support strategies aimed at meeting students’ needs, whether short-term help or long-term preventative work. liaison with (for example) academic departments or accommodation services, and with community-based resources (eg GP’s, Mental Health Teams) , to ensure that all appropriate agencies are used effectively to support students in achieving their academic potential. a proactive approach to student progression and retention based on a holistic understanding of the student experience. help for students to apply for the Disabled Student’s Allowance which can provide funding for, amongst other things, specialist ongoing support and/or equipment for students with mental health difficulties, aimed at reducing the impact of their difficulties on their studies. The Mental Health Support Adviser is also involved in identifying appropriate reasonable adjustments which can be made to accommodate student’s needs, as required by the Disability Discrimination Act. 11 9. Methods for evaluating and improving the quality and standards of learning: The University’s formal quality management and reporting procedures are laid out in its Academic Quality Procedures Handbook, available online at: http://www.lboro.ac.uk/admin/ar/policy/aqp/index.htm These are under the overall direction of the Pro-Vice-Chancellor (Teaching). Each Faculty has an Associate Dean for Teaching responsible for learning and teaching matters. For each Faculty there is a Directorate (responsible for the allocation of resources) and a Board (responsible for monitoring learning and teaching quality issues within each department). In addition to the National Student Survey, student feedback on modules and programmes is sought internally at regular intervals. All taught programmes are reviewed annually (Annual Programme Review), and Departments have their full portfolio of programmes reviewed every five years (Periodic Programme Review). Any major changes to programmes are formally considered each year by the University Curriculum Sub-Committee, which makes recommendations to Learning and Teaching Committee and Senate. All programmes and modules are subject to an annual updating process before the start of the academic year, and minor changes may be made at this time with the approval of the Associate Dean (Teaching) on behalf of the Curriculum Sub-Committee. All staff participate in the University's staff appraisal scheme, which helps to identify any needs for staff skills development. Both probationary staff and those seeking promotion to Senior Lecturer are subject to a formal teaching evaluation scheme, administered by Professional Development. The scheme for new lecturers is accredited by the Higher Education Academy. 12