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EC9D5: Economic Analysis AB

  • Carlo Perroni

    Module Leader
  • Giovanni Ricco

    Module Lecturer
  • Michela Redoano

    Module Lecturer
  • Omer Moav

    Module Lecturer
44 CATS - Department of Economics
Autumn Module

Principal Aims

The module aims to provide a firm understanding of the principles of microeconomic and macroeconomic analysis.

Principal Learning Outcomes

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..

Subject Knowledge and Understanding: Have a rigorous 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: Knowledge and Understanding: Demonstrate a rigorous understanding of how modern macroeconomic models relate to policy and 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.

Cognitive Skills: Demonstrate a rigorous and critical understanding of growth and modern macroeconomics. 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: Have a thorough understanding of the theoretical foundations of microeconomic 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 Knowledge and Understanding: Demonstrate a thorough understanding of empirical applications of microeconomic theory. 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 policy implications of microeconomics 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.

Syllabus

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

Microeconomics A - Consumer theory, behavioural economics, choice under uncertainty, producer theory, cost-benefit analysis, introduction to game theory, externalities, welfare economics, and imperfect information, with reference to policy and evidence.

Macroeconomics B - Solow growth model, growth accounting, convergence, overlapping generations model, endogenous growth, income inequality and growth, unified growth theory, real business cycles, dynamic programming, consumption, investment, financial frictions, labour market frictions, New Keynesian model, international open economy macroeconomics, time series

Context

Optional Core Module
L1P6 - Year 1, L1P7 - Year 1
Pre or Co-requisites
The module demands a deep understanding of core undergraduate microeconomic and macroeconomic principles, and a good understanding of mathematical methods such as constrained optimisation.

Assessment

Assessment Method
Coursework (12%) + Micro A examination (44%) + Macro B Examination (44%)
Coursework Details
Test 1 Micro A (3%) , Test 2 Macro B (3%) , Test 3 Micro A (3%) , Test 4 Macro B (3%) , Micro A examination (44%) , Macro B Examination (44%)
Exam Timing
N/A

Exam Rubric

EC9D51

Time Allowed: 3 Hours plus 15 minutes reading time.

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 TWO questions in Section A and TWO questions in Section B. All questions carry equal weight (25 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

EC9D52

Time Allowed: 3 Hours plus 15 minutes reading time.

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

There are THREE Sections in this paper. Answer ALL questions in Section A, ONE question in Section B and ONE question in Section C. All questions carry equal weight (25 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.

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