Module Catalogue 2024/25

Pre Requisite Comment

N/A

Co Requisite Comment

N/A

Aims

1. To provide students with a thorough knowledge of the moral concerns that bear on when markets are and are not a justifiable form of economic organisation.

2. To equip students with the skills necessary to think systematically and critically about the political significance of market practices that test the moral boundaries and to sharpen their skills of written and oral argumentation.

3. To provide students with the opportunity to combine theoretical knowledge of contested markets with practical skills to tackle a real-world policy issue of their own choosing.

4. To demonstrate the interplay between moral and empirical considerations when it comes to assessing, proposing, and recommending policies.

5. Help students to draw their own conclusions regarding the moral limits of markets and the relationship of these limits to specific practical public policy issues.

6. To refine students’ analytical skills in evaluating policy implications and effectiveness within the complex interplay of market forces and regulatory environments.

Outline Of Syllabus

This module examines the moral issues that arise in the use of markets as a form of economic organisation, giving particular attention to the limits of markets and exploring why some goods and services should not be for sale or purchase. The module is split into two parts.

The first part of the module considers arguments from literature in political philosophy and economic ethics in support of markets, such as appeals to efficiency, innovation, and prosperity, and in objection to the expansion of market logic into various spheres of social life, such as concerns around exploitation, commodification, and inequality. It illuminates these arguments by investigating their bearing on a range of contested markets, asking questions such as: Should states allow markets in organs, commercial surrogacy, and sex? Should consumers boycott goods made in sweatshops or sports events funded by countries that violate human rights and what are the duties of multinational companies on these issues? How do digital platforms, artificial intelligence, and technological development affect what constitutes fair employment? What is a just intellectual property regime and how should states regulate and distribute pharmaceutical innovation?

The second part of the module provides students with the opportunity to combine theoretical knowledge of contested markets with practical skills to tackle real-world policy issues of their choosing. Students will learn to identify policy issues relating to contested markets, situate them within the relevant academic literature, develop a policy brief to address these issues, and learn to convey arguments to stakeholders through a process of peer feedback and engagement.

Intended Knowledge Outcomes

By the end of the module, students should have knowledge of and understanding of:

• Theoretical and public policy debates surrounding the moral limits of markets.

• Analytical frameworks and methodologies used to evaluate the defensibility, viability, and impact of policies in the context of contested markets.

• Case studies that illustrate the challenges and complexities of policy development in contested markets.

Intended Skill Outcomes

By the end of the module, students should have:

· The ability to source, analyse, and reconstruct arguments on markets as a mode of economic organisation.

· The ability to utilise appropriate methods to assess moral claims and the structure of moral arguments.

· The ability to discuss policies and claims in terms of their underlying theoretical assumptions, combining theoretical knowledge with practical policy applications.

· The ability to analyse evidence critically and construct coherent arguments on the limits of markets.

· Written and oral skills vital for the dissemination and advocacy of policy proposals to a variety of stakeholders.

· Team working skills essential for addressing complex policy issues that require multi-stakeholder engagement.

Teaching Rationale And Relationship

The teaching methods are grounded in active and participatory learning and are intended to bridge the gap between theoretical understanding of contested markets and practical applications. The first part of the module involves setting research and reading activities to connect students with literature that elaborates moral ideas about the defence and limits of markets, providing them with an insight to the core knowledge aims of the module. Small group teaching fosters an environment for deep discussion, critical thinking, and collaborative learning. The second part of the module simulates the practical contexts in which policy analysts operate. This approach is designed to encourage students to engage deeply with the material from part one of the module, apply their knowledge to complex cases, and develop the nuanced communication skills essential for effective policy advocacy and stakeholder engagement.

Assessment Rationale And Relationship

The mix of an essay, presentation, and portfolio allows students to demonstrate their understanding and skills in a variety of formats. The essay assessment directs students to undertake research into literature on the moral limits of markets and allows them the opportunity to demonstrate their knowledge of these issues and their skills in written argument. Presentations encourage students to articulate complex ideas succinctly and engagingly and cultivate a professional environment of constructive dialogue and collaboration. The portfolio encourages precision in students' thought processes, reflecting the conciseness required for policy briefs and other policy-related writing. The weighting of these assessments is designed to build students’ confidence and competence in policy analysis.

General Notes

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