Department of Economics & International Development, Unit Catalogue 2006/07 |
EC50125 Development & transition 2 (macroeconomic issues) |
Credits: 6 |
Level: Masters |
Semester: 2 |
Assessment: EX80OT20 |
Requisites: |
Aims: To create an awareness of required macroeconomic changes to transform an administrative to market economy, by a study of the key required macroeconomic changes.
Learning Outcomes: * be able to critically appraise the theoretical models and empirical methods applied in (macro)Transition Economics; * have sufficient skills to critically appraise policy instruments and recommendations. Skills: Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed). Ability to select, summarise and synthesis written information from multiple sources (T/F/A). Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A). Comprehensive and scholarly written communication (T/F/A). Concise and effective written communication (e.g. briefings / written exams) (T/F/A). Effective oral communication (e.g. lecture question and answer) (F). Ability to apply theory to policy areas (T/F/A). Content: Sequencing transition policies; transformational recession and recovery; measurement of transition; exchange rate and inflation policies; trade and growth. The development role of public sectors in transitional economies. |
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