? Credit Points : 10  ? SCQF Level : 11  ? Acronym : MSE-P-MAC2

A theoretical an dempirical analysis of dynamic household consumption and firm capital investment decisions using Euler equations to obtain and examine empirically testable predictions.

? Pre-requisites : Macroeconomics 1

Home subject area

Economics, (Management School and Economics, Schedule H)

? Normal year taken : Postgraduate

? Delivery Period : Block 3 only

? Contact Teaching Time : 4 hour(s) per week for 5 weeks

All of the following classes

Type Day Start End Area Lecture Wednesday 10:00 12:00 Central Lecture Wednesday 14:00 15:50 Central

Knowledge and understanding of the key models of intertemporal household and firm choice including the neoclasical consumption function, neoclassical (Q) investment models and the main models of equity risk premia. Knowledge and understanding of testing the empirical predictions of these models and examining their credence using macroeconomic data.

Class Exam 40%, Degree Exam 60%

Exam times

Diet Diet Month Paper Code Paper Name Length 1ST February 1 class exam 2 hour(s) 1ST May 1 degree exam 1 hour(s) 30 minutes

The Course Secretary should be the first point of contact for all enquiries.

Course Secretary

Ms Kay Cruickshank
Tel : (0131 6)51 1764
Email : Kay.Cruickshank@ed.ac.uk

Course Organiser

Prof Andy Snell
Tel : (0131 6)50 3848
Email : a.j.snell@ed.ac.uk

School Website : http://www.man.ed.ac.uk/

College Website : http://www.hss.ed.ac.uk/