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 Academic Year: | 2016/7 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW 40%, EX 60% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | Before taking this module you must take ES50071 |
| Description:
| Aims: This course aims to familiarise students with advanced tools in microeconomic and macroeconomic theories. The module aims at enabling the students to apply these analytical tools to understand the mechanisms which generate economic data and the development and conduct of public policy. The appreciation of the analytical clarity will help the students to identify the important elements of the economic problems they are dealing with using the merited degree of complexity. Learning Outcomes: By the end of this module the students will be able to: * solve various types of static as well dynamic optimisation problems faced by economic agents * apply analytical tools and mathematical techniques to model economic interactions in various settings (search, bargaining etc.) * analyse the dynamic structure of macroeconomic models allowing for expectations. Skills: Ability to develop logically rigorous arguments. Ability to use effectively mathematical and statistical techniques to construct and interpret economic models. Ability to think critically on the suitability of economic models. Content: Dynamic Optimization Dynamic Games and Applications Market Equilibria with different types of frictions (Search, Industrial Organization models with uncertainty and entry) General Equilibrium (both certainty and uncertainty cases) Asset Pricing Economies of overlapping generations Models of Business Cycles. |
| Programme availability: |
ES50094 is Compulsory on the following programmes:Department of Economics
ES50094 is Optional on the following programmes:Department of Economics
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Notes:
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