Economic Policy

Course Description

This unit explores the design, implementation, and evaluation of economic policy within a global context. It examines how governments and institutions use fiscal, monetary, trade, and regulatory policies to influence economic growth, stability, equity, and sustainability. Learners will study the theoretical foundations and practical applications of policy instruments, focusing on how they interact with global economic systems. The course encourages critical analysis of policy choices and their impacts on various stakeholders, considering issues such as inequality, climate change, innovation, and international competitiveness.

Through a combination of theory, applied case studies, and quantitative interpretation, students will develop an integrated understanding of how economic policies are formulated, implemented, and assessed. This course prepares postgraduate learners to contribute to evidence-based policy development in both public and private sectors.

List of Chapters

1. Foundations of Economic Policy and Policy Frameworks
2. Fiscal Policy: Government Spending, Taxation, and Public Debt
3. Monetary Policy and Central Banking
4. Trade Policy and Global Economic Integration
5. Industrial and Innovation Policy
6. Social and Labour Market Policies
7. Environmental and Climate Change Policies
8. Global Governance, Policy Evaluation, and Future Challenges

Learning Outcomes

• Demonstrate advanced knowledge of economic policy design and its theoretical underpinnings.
• Critically evaluate national and international policy decisions using evidence and analytical frameworks.
• Integrate multidisciplinary perspectives to assess the trade-offs and impacts of policy actions.
• Apply policy analysis and evaluation techniques to complex economic problems.
• Communicate policy findings and recommendations effectively in professional contexts.
• Demonstrate ethical reasoning and awareness of global interdependence in policy design.