L7 - Senior Professional Economist
Completion requirements
There are three EPA elements for this programme:
- A work-based project
- A professional discussion (underpinned by a portfolio)
- A test
3. Test
3.2. Grading descriptors
The grading criteria below is based on the following principles:
- The distinction grading descriptors build on what is set out in the pass grading descriptor;
- To achieve a pass for an assessment method: pass or above must be demonstrated for every KSB under that assessment method.
- To receive a distinction for the test 6 out of 8 distinction grading descriptors must be met.
The information below can also be downloaded here LINK NEEDED
KSBs
Applied Econometrics and data
- K1 Applied econometric techniques, including micro-econometric techniques, time series and panel data, including limitations thereof.
- K3 Understanding the robustness and quality of economic statistics, model generated data and external information; data cleaning; hypothesis testing; the most relevant software and programming techniques; main requirements for successful survey design.
Fail | Pass | Distinction |
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The minimum pass criteria as defined in this table are not met. |
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Advanced economic theory
- K2 Applications of micro-economic and macro-economic theory in a range of policy and business contexts.
- K5 Non-market valuation techniques including willingness to pay/accept.
- K4 Appraisal and evaluation techniques, including cost-benefit analysis, multi-criteria decision analysis, real options and least regrets; and the underpinning tools that are required to conduct appraisals e.g. asset pricing models.
- K6 Topics from competing streams of economic thought and the implications they have for policies, e.g. market failures, rationale for intervention, and business strategies.
Fail | Pass | Distinction |
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The minimum pass criteria as defined in this table are not met. |
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