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EC314: Topics in Economic Theory

  • Sinem Hidir

    Module Leader
15 CATS - Department of Economics
Spring Module

Principal Aims

Students will be given the opportunity to study several related areas of active application of economic theory. This advanced module builds upon core second year learning. Each year the topics may vary with more recent areas being social choice and mechanism design, with the ultimate aim of bringing economic theory to bear on social problems and economic and policy mechanisms to address them.

Principal Learning Outcomes

Subject knowledge and understanding … demonstrate an appreciation of the use and limitations of economic theory and its methods in understanding the chosen topics and analysing important social and economic problems. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, background reading. The summative assessment methods that measure the achievement of this learning outcome are: Final exam.

Cognitive skills … convey and interpret material to a critical audience. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures. The summative assessment methods that measure the achievement of this learning outcome are: Group presentation, Final exam.

Cognitive skills Demonstrate capacity of: Abstraction and Problem solving. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, background reading. The summative assessment methods that measure the achievement of this learning outcome are: Final exam.

Cognitive skills Demonstrate capacity of: Analytical thinking, reasoning and application. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, background reading .The summative assessment methods that measure the achievement of this learning outcome are: Final exam.

Cognitive skills Demonstrate capacity of: Critical, creative and strategic thinking. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, background reading. The summative assessment methods that measure the achievement of this learning outcome are: Final exam.

Subject-specific/professional skills … show the ability to absorb and analyse peer-reviewed literature. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, background reading The summative assessment methods that measure the achievement of this learning outcome are: Final exam.

Syllabus

Economic Theory is very broad and covers topics such as information economics, contract theory, decision theory, social contracts and choice theory, to name a few. Each year, this module will cover a variety of topics within the broad area of economic theory: developing models, analysing them and looking at their applications and relevance. Two common topics include information economics and contract theory. Within these areas of economic theory, the topics may include Asymmetric Information, Moral hazard and Adverse Selection, Communication, Career Concerns, Incomplete Contracts and Institutional Design.

Context

Optional Module
LV13 - Year 3, V7MC - Year 3, V7MF - Year 4, V7MS - Year 4, L112 - Year 3, GL11 - Year 3, LM1D (LLD2) - Year 3, GG14 - Year 3, GG17 - Year 4, V7MD - Year 3, V7ME - Year 3, Y602 - Year 3, Y603 - Year 3, L103 - Year 4, V7MB - Year 3, LM1H - Year 3, V7MM - Year 3, V7MR - Year 3, V7MR - Year 4, G1G3 - Year 4, L117 - Year 4, L116 - Year 3, V7MP - Year 3, GL12 - Year 4, V7MA - Year 3, LV16 - Year 3, G1G3 - Year 3, L100 - Year 3, V7ML - Year 3, V7MJ - Year 5, V7MQ - Year 4, V7MH - Year 4, G30B - Year 5, G30B - Year 4, G30B - Year 3, V7MG - Year 4, G30A - Year 4, G30C - Year 5, G30D - Year 5, G300 - Year 4, G30D - Year 4, G30A - Year 5, G30C - Year 4, G30H - Year 5, G30E - Year 5, G30G - Year 5, G30C - Year 3, G30D - Year 3, V7MI - Year 4, G30F - Year 3, G30F - Year 4, L114 - Year 4, G30F - Year 5
Pre or Co-requisites
Modules: EC202-30 or EC204-30 or EC238-15
Part-year Availability for Visiting Students
Available in the Spring term only (1 x 2 hour exam - 12 CATS) and in the Spring and Summer terms together (1 x 2 hour exam – 15 CATS)

Assessment

Assessment Method
Coursework (30%) + 2 hour examination (Summer) (70%)
Coursework Details
Group presentation (30%), 2 hour examination (Summer) (70%)
Exam Timing
N/A

Exam Rubric

Time Allowed: 2 Hours

Read all instructions carefully- and read through the entire paper at least once before you start entering your answers.

There are TWO Sections in this paper. Answer ONE question in Section A (40 marks) and TWO questions in Section B (30 marks each).

Approved pocket calculators are allowed.

You should not submit answers to more than the required number of questions. If you do, we will mark the questions in the order that they appear, up to the required number of questions in each section.

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.

Reading Lists