BA Hons Social Policy & Economics

This class is designed to introduce you to some of the major issues confronting Scottish society and to provide an accessible introduction to some of the key concerns of Social Policy.  It will examine a range of issues, including questions of poverty and inequality, social divisions, health, housing, education, and criminal justice.

In this module we'll ask why and how certain issues become defined as 'social problems' and what impact this has on the social policy that we make in response.

Why do societies change the way they understand 'social problems' over time, and how does this impact policy change? Can we understand social policy differences between countries in terms of how they conceptualise 'social problems' differently? What role does political ideology and the media have in framing how societies understand the 'social problems' they face and how to resolve them?

Are some groups unfairly targeted as being a source of social problems?

Do the ways that we understand issues around the benefits system, crime, disability, migration, and families and young people really reflect their empirical reality and what can we do to begin tackling these issues differently?

These are some of the key questions this module seeks to ask and to answer.

Topics

First Year aims to help you make the transition to the university context. Semester 1 is the Thematic Semester: The World of Business Today and covers topics such as:

• Social-Ethical-Environmental Governance (SEEG)
• Business Ethics
• Disruptive Technologies

Semester 2: Functional Semester: Organisations Today covers topics such as:

• Creativity & Responsibility
• Marketing & Sustainability across Domains

Class description

The first year of the programme is centred on the construction of knowledge in classroom setting with theoretical constructs developed. For each topic we’ve recorded a video by a Strathclyde academic who is a leading expert in the field.

You’ll watch these lectures in advance of each session and complete a pre-sessional activity. The pre-sessional work then forms the basis of team based activities work in the classroom (groups of 50 and teams of six-seven) where you develop an agreed understanding of the topic and present this to the group.

The feedback gained from this activity then feeds directly into the assessment for the block. You’ll complete 16 assignments in the two semesters of the class.

The purpose of this class is to provide you with a balanced introduction to economics which will be at once self-contained and lay the foundation for further study in economics and more generally. The work of the class will be based on a programme of systematic directed reading, supplemented by tutorials, using group projects and in-class short answer tests as cumulative assessment.

This class explores some of the different ways in which social policy has evolved in Scotland in response to a variety of social problems since the introduction of the Scottish Poor Law Act in 1845. It covers all the main areas of social policy, including health, housing, education and poverty, and also explores the changing boundaries between individuals, families, communities, voluntary organisations, commercial welfare and state over the course of this period.

This class explores some of the most important concepts in the academic study of Social Policy, including such concepts as equality, justice, need, happiness, poverty and wellbeing. It also examines a number of different ideological perspectives on these issues, such as liberalism, conservatism, socialism, social democracy, Marxism, feminism and the New Right.

This class examines the ways in which social policies are ‘made’ at both a national and international level.  It examines the roles played by different actors, institutions and ideas.  It also looks at the ways in which evidence is used to inform policy-making, and at the ways in which we are all involved, as citizens, in the policy process.  These themes are explored with the aid of a series of case-studies.

This is the core Microeconomics class in Year 2. It aims to develop your understanding of: the concepts of consumer choice; the motives of the firm and profit maximisation; the market and its role in achieving equilibrium prices and quantities; and the implications of market power. It introduces you to mathematical techniques commonplace in Economics, giving you the ability to apply these in a wider economic context.   

The class builds upon the macroeconomic foundations established in the first year Economics class and both extends and deepens analysis. This class will develop your ability to use key macroeconomic models and will also provide an introduction to the analysis of economic data. 

This class will help you to develop your knowledge and understanding of some of the key methods used by researchers in the field of social policy.  It will introduce you to a number of different qualitative and quantitative methods, and to some of the basic principles of research design.  It will provide an essential foundation for your final-year dissertation.

Why are some societies more unequal than others? Why do many women participate in the labour market in some countries, and less in others? Why do health care, education and housing policies differ across developed societies?

The answers to these questions are all related to the study of Comparative Social Policy.

In this third-year module in the Social Policy programme you'll be introduced to the key theories, methods and data sources employed in comparative and international social policy research.

Interest in comparative analysis continues to grow in the social sciences and this module is designed to give you a deeper understanding of the comparative nature of social policy and the development of different welfare systems. CSP will introduce you to a range of new key concepts and theories, and will help you to understand new methodological and analytical approaches for thinking about social policy comparatively.

Teaching on CSP is research-led and the use of case-studies from the literature will help you to understand how researchers conduct research on welfare systems in the real world, and apply social theory.

The third year of centres on individualised experience in an organisational context through one of the following pathways:

• Internship/Charities - gain practical experience in a private or third sector organisation. You need to negotiate and locate your own organisation and experience – this is one of the key learning points of the pathway.
• Research and consultancy - a facility for local small businesses to gain from the experience and expertise of those within Strathclyde Business School. You work on two live business consultancy projects (one in each semester) and, as a team of six, develop solutions and strategic initiatives for the local SME economy.
• International experience – only available for students who are undertaking an international exchange for either one semester or full year.
• Vertically Integrated Projects - working on a cross-faculty basis to research longitudinal projects (including the ‘Bill Gates Toilet Challenge, Solar Panels for Gambia and Enterprise in Schools) you work with a team of students from all levels of study (first year undergraduate to final year PhD) to further the work of the project.

In addition, you’re required to undertake a social responsibility element (this accounts for one quarter of the overall workload).

These have been designed to provide support to the Curriculum for Excellence and the Widening Access to Higher Education programme. There are no formal classes for Management Development Programme 3 although there is pathway support with the pathway leads and tutor support.

Adam Smith's hidden hand - markets result in efficient outcomes - doesn't always work. We seek to understand why by using the tool of game theory to analyse how agents interact and discuss market power and externalities.  We then consider other issues in public economics including cost-benefit analysis, fiscal federalism, taxation and crime.  You will also learn more about how to analyse microeconomic data.

This class builds on the Macroeconomics you studied in second year by covering four topics in detail:

• models of economic growth
• the effects of macroeconomic policy in an open economy
• the interrelationships between money growth, output, unemployment and inflation
• the implications of high government debt. 

You will also learn more about how to analyse macroeconomic data. 

Global Social Policy is all about the global challenges of the 21st Century and about how we can think differently for building a safer, healthier, more prosperous world for all.

A global perspective encourages you to think critically about the global causes of poverty and inequality and climate change, for example, and the possibilities of global social policy, global social governance and the role of international organisations play in shaping the GSP agenda. Here, you're encouraged to reflect on the meaning and impacts of social policy from a holistic global perspective.

Many students find that the dissertation is the most fulfilling part of their degree. It will provide you with the opportunity to undertake your own in-depth investigation into a topic of your choice, and to develop skills as an independent researcher.

The dissertation is an important part of the fourth year programme. Single Honours Economics BA students are required to submit a dissertation in Economics while Joint Honours BA students may submit a dissertation in Economics or in their other Honours subject. 

Information Economics, the topic of this class, considers market failure resulting from uncertainty and information asymmetry. The course looks at two specific examples of market failures: moral hazard and adverse selection. We will discuss policy solutions to reduce the negative impacts of these market failures on society. We will also apply uncertainty to game theory and learn how to find Bayesian Nash Equilibria. Furthermore, we will examine the impact of externalities on social welfare and learn about the optimal provision of public goods.

This class aims to provide you with the required tools to understand current macroeconomic issues, such as the interactions between the banking sector and monetary policy or the policy responses to the global financial crisis.  Throughout the class, the analytical usefulness of the theoretical models taught is illustrated with real-world examples. 

This course investigates the actions that firms in an industry might take to preserve their profit in that industry, and the implications that this has for competition policy and regulation. We take an analytical approach to the issues which will be supported by examining case studies and current events. 

In third year, you will have learned about regression in both a cross-sectional data and time series data context. This class extends that knowledge to two core topics: causal inference and forecasting. Both are highly relevant topics to real-word economics. Understanding the effects of economic policies and decision-making requires careful empirical analysis and understanding of what the data can and cannot tell us. Topics on causal inference build skill in this area. Furthermore, policymakers and economist often want to know something about what to expect, for example of unemployment, given what has happened recently and in the past. Topics in forecasting build skills in this area.

In causal inference, we begin with foundations on how to think about correlation vs. causation and threats to interpreting regression model coefficients as causal effects. We then introduce two methodological approaches. These are instrumental variables and difference-in-differences. Under both we develop the intuition and key assumptions that will allow interpreting statistical results from a regression model as a causal effect from a variable or policy change of interest. We further work with example cases in labs and learn how to implement the methods with data in R, and we use tutorials to think about these methods in action and continue developing the intuition.

In forecasting, we will introduce you to basic tools needed to become a forecaster, such as understanding what a loss function and forecast horizon is. In addition, you will learn various forecasting evaluation techniques to compare competing models.

This class gives a balanced view of the role of finance in promoting long-run economic growth, but also booms and busts. The nature and role of financial intermediaries will be introduced, and, afterwards, formally addressed in a simple aggregate growth model. Empirical evidence will be examined, before turning to the specifics of micro-finance. The importance of financial globalisation will also be investigated. Finally, the rest of the class will be devoted to deciphering the causes and consequences of the current financial crisis.

Behavioural Economics offers alternative theories that merge psychological insights with economic theory and are based on experimental and other evidence, that attempt to provide a better explanation of real-world behaviour.

This class is concerned with exploring these behavioural theories with the aim of providing you with an expanded toolkit with which to approach ‘real-world Economics’ that is based on the burgeoning Behavioural Economics literature that has emerged over the past two or three decades.

After studying this, you should be able to extend much of your previously-learned knowledge in Microeconomics in various directions that take into account more realistic ways of modelling how individuals behave.

The class provides you with an introduction to Natural Resource Economics, Environmental Economics and Energy Economics, establishing connections between the economics and the policy aspects of the class topics. It focuses on the contributions of Economics to understanding environmental, energy and natural resource problems, their causes, and the design of effective public policies to counteract them.