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EC9D2: Economic Analysis AA (for MSc Economics and Data Science)

  • Ben Lockwood

    Module Leader
22 CATS - Department of Economics

Principal Aims

The module aims to provide a firm understanding of key principles of microeconomic and macroeconomic analysis, and some important applications including to economic policy.

Principal Learning Outcomes

Subject Knowledge and Understanding: Have a thorough understanding of the theoretical foundations of macroeconomic analysis The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study The summative assessment methods that measure the achievement of this learning outcome are: Examination and test

Subject-specific Skills/Professional Skills: Develop a thorough understanding of how macroeconomic models can be used in policymaking and help explain empirical evidence The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study The summative assessment methods that measure the achievement of this learning outcome are: Examination and test

Subject Knowledge and Understanding: Demonstrate a thorough understanding of microeconomic concepts relating to game theory, information economics and choice under uncertainty The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Syllabus

The syllabus may cover, but is not limited to, the following areas:

Macroeconomics - IS-LM model, rules versus commitment in central banking, sustainability models, consumption, investment, institutions and geography, nominal rigidities, the “Philips curve”, monetary policy, inflation and seignorage, rational expectations models, debt sustainability, exchange rates, purchasing power parity.

Microeconomics - Introduction to game theory and imperfect information, with reference to policy and evidence.

Context

Assessment

Assessment Method
Coursework (10%) + Macro A examination (45%) + Micro A examination (45%)
Coursework Details
Test 1 (10%) , Macro A examination (45%) , Micro A examination (45%)
Exam Timing
January