EC9D1: Economic Analysis A
Nathan Canen
Module Leader
Introduction
EC9D1-30 Economic Analysis A
Principal Aims
The main objectives of this module are:
鈥� To enable students to acquire a thorough understanding of modern macroeconomic theory covering some of the most important topics, concepts and methods, along with relevant empirical evidence.
鈥� To enable students to acquire a thorough understanding of key microeconomic principles in game theory, covering some of the most important topics, concepts and methods used in modern microeconomic analysis, along with relevant evidence and applications.
Principal Learning Outcomes
Subject Knowledge and Understanding:...demonstrate a thorough understanding of the theoretical foundations of macroeconomic analysis. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
Subject-specific Skills/Professional Skills:...develop a thorough understanding of how macroeconomic models can be used in policymaking and help explain empirical evidence. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
Subject Knowledge and Understanding:...demonstrate a thorough understanding of microeconomic concepts relating to game theory, information economics and choice under uncertainty. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
Syllabus
The syllabus may cover, but is not limited to, the following areas:
Macroeconomics - GDP, IS-LM model, rules versus commitment in central banking, sustainability models, consumption, investment, institutions and geography, nominal rigidities, the 鈥淧hilips curve鈥�, monetary policy, inflation and seignorage, rational expectations models, debt sustainability, exchange rates, purchasing power parity.
Microeconomics - Introduction to game theory, incomplete information, auctions and principal-agent problems.
Context
Assessment
- Assessment Method
- Coursework (20%) + 2x Centrally-timetabled examination (On-campus) (40%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (40%) , Centrally-timetabled examination (On-campus) (40%) , Test 1 Macro A (10%) , Test 2 Micro A (10%)
- Exam Timing
- January
Subject Specific Skills
- Students will have the opportunity to develop skills in:
- Analytical thinking and communication
- Analytical reasoning
- Critical thinking
- Strategic thinking
- Problem-solving
- Abstraction
- Policy evaluation
- Analysis of incentives
- Analysis of Institutions
- Concepts of Simultaneity and Endogeneity
- Analysis of optimisation
- Understanding of Uncertainty and Incomplete Information
Transferable Skills
- Students will have the opportunity to develop:
- Numeracy and quantitative skills
- IT skills
- Written communication skills
- Oral communication skills
- Mathematical, statistical and data-based research skills