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ES50071: Economic theory & applications 1

Follow this link for further information on academic years Academic Year: 2013/4
Follow this link for further information on owning departmentsOwning Department/School: Department of Economics
Follow this link for further information on credits Credits: 6
Follow this link for further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Follow this link for further information on period slots Period: Semester 1
Follow this link for further information on unit assessment Assessment: CW 30%, EX 70%
Follow this link for further information on supplementary assessment Supplementary Assessment: ES50071 - RESIT EXAM (where allowed by programme regulations)
Follow this link for further information on unit rules Requisites:
Follow this link for further information on unit content Description: Aims:
To provide a selective but thorough understanding of certain key areas in economic theory.
To help students to achieve competence in the use of theoretical tools of economic analysis.

Learning Outcomes:
Students should be able to:
* Demonstrate proper understanding of the key concepts in micro and macro economics;
* Apply basic theoretical tools in a variety of applied settings.

Skills:
Ability to develop rigorous arguments.
Ability to select, summarise and synthesise written information from multiple sources.
Ability to select and use appropriate ideas to produce a coherent response to a question.
Concise and effective written communication.

Content:
Choice under uncertainty, Market Imperfections, Market Failures (models of asymmetric information), Aggregate Demand and Supply, Models of Business Cycles, Effects of Monetary and Fiscal Policy.
Follow this link for further information on programme availabilityProgramme availability:

ES50071 is a Designated Essential Unit on the following programmes:

Department of Economics

ES50071 is Compulsory on the following programmes:

Department of Economics
Notes:
* This unit catalogue is applicable for the 2013/14 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.