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EC106: Introduction to Quantitative Economics

  • Jingyi Mao

    Module Leader
  • Farzad Javidanrad

    Module Lecturer
24 CATS - Department of Economics
Spring Module
Autumn Module

Principal Aims

To introduce quantitative economics to students with a relatively strong mathematical background and to extend this analysis through the use of mathematics.

Principal Learning Outcomes

At the end of the year students should have a good grasp of the main theories and be ready if they wish to embark upon more advanced economics options taught in the second year, in particular, EC220/221 Mathematical Economics 1, and EC204 Economics 2.

Syllabus

The focus is mainly on economic theory but "real world" applications of relevant theories will also be examined, subject to time limitations. The module will typically cover the following topics:

Term 1: microeconomics, which is concerned with the economic behaviour of individual consumers and producing firms, and their interaction in markets for goods, services and factors of production, strategic interaction and the analysis of externalities and public goods.

Term 2: macroeconomics, which is concerned with aggregate economic variables or the workings of the national economy as a whole: aggregate output (Gross Domestic Product or GDP), employment and unemployment, inflation, interest rates, the balance of payments, exchange rates, etc., and with government economic policies to influence these variables.

Context

Core Module
G300 - Year 1, Y602 - Year 1
Optional Module
G100 - Year 1, G103 - Year 1
Pre or Co-requisites
A-level Mathematics or the equivalent
Pre-requisite for
EC220, EC221
Restrictions
May not be taken by GL11 students or students on Economics-based degree programmes
Part-year Availability for Visiting Students
Available in the Spring term only (1 x test - 9.6 CATS) and in the Autumn and Spring terms together (2 x tests - 19.2 CATS)

Assessment

Assessment Method
Coursework (20%) + 2 hour exam (80%)
Coursework Details
Two 50 minute tests (worth 10% each)
Exam Timing
May/June

Exam Rubric

Time Allowed: 2 Hours.

Answer ALL THREE questions from Section A (50 marks) and ALL THREE questions from Section B (50 marks). Answer Section A questions in one booklet and Section B questions in a separate booklet.

Approved pocket calculators are allowed.

Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

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