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![]() | 2017/8 |
![]() | Department of Economics |
![]() | 6 [equivalent to 12 CATS credits] |
![]() | 120 |
![]() | Masters UG & PG (FHEQ level 7) |
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![]() | CW 50%, EX 50% |
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![]() | Aims: The unit aims to introduce students to methods used to solve economic and financial problems computationally. Learning Outcomes: At the end of the unit students will be expected to be able to: * Use Matlab to solve economic problems numerically * Evaluate the benefits and shortcomings of numerical methods in a variety of contexts * Assess the limits of computational methods to solve economic problems Skills: * Apply numerical methods to solve for equilibria in economic systems (TFA) * Apply numerical methods to improve the statistical assessment of data (TFA) * Use numerical methods to price assets (TFA) Content: * Programming in Matlab * Numerical methods to solve for the equilibrium of linear and non-linear economic systems * Numerical methods to simulate asset prices and derivatives * The use of Monte-Carlo methods to solve economic optimization problems * Computational methods used in statistical inference. |
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ES50107 is Optional on the following programmes:Department of Economics
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Notes:
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