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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: 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. 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. 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
Pre or Co-requisites
Pre-requisites: EC202 (with EC220 desirable) or EC204 (with EC220 desirable) or EC238 (with EC220 desirable).
Restrictions
Not available to non-final year students on Economics-based degrees.
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
2 hour examination (Summer) (100%)
Coursework Details
2 hour examination (Summer) (100%)
Exam Timing
Summer

Exam Rubric

Time Allowed: 2 hours.

Answer the ONE question in Section A (40 marks) and answer TWO questions from Section B (30 marks each). 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. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.

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