Economics 2 (VS1) (U03156)

? Credit Points : 20 ? SCQF Level : 8 ? Acronym : MSE-2-Econ2VS1

The course is intended to develop a rigorous understanding of core economic models and analysis, together with an ability to apply the analysis in a variety of contexts. The first semester focuses on the economic analysis of risk, information and strategic behaviour with applications to both microeconomic and macroeconomic contexts, such as asset pricing, insurance and credit markets, macroeconomic policy, and oligopoly. Students with a weak maths background will need to be prepared to work at developing their maths skills. Learning-by-doing, through problem solving and project work, are an important ingredient of the course, with regular on-line tests to reinforce an active approach to learning. The recommended textbooks are: Besanko and Braeutigan 'Microeconomics: an Integrated Approach' (Wiley) and Mankiw 'Macroeconomics' (Palgrave).

Entry Requirements

? This course is only available to part year visiting students.

? This course is a variant of the following course : U01149

? Pre-requisites : U01141 Economics 1A or equivalent

Subject Areas

Home subject area

Economics, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : 2nd year

? Delivery Period : Semester 1 (Blocks 1-2)

? Contact Teaching Time : 3 hour(s) per week for 10 weeks

First Class Information

Date	Start	End	Room	Area	Additional Information
18/09/2007	10:00	10:50	Lecture Theatre 2, Appleton Tower	Central

All of the following classes

Type	Day	Start	End	Area
Lecture	Tuesday	10:00	10:50	Central
Lecture	Friday	10:00	10:50	Central

? Additional Class Information : Plus tutorials

Summary of Intended Learning Outcomes

After successful completion of this course the student will have knowledge and understanding of: the economic analysis of risk, information, strategic behaviour. Together with the ability to apply this analysis in a variety of economic contexts, including: asset pricing; insurance and credit markets; oligopoly; economic policy and inflation. Ability to apply basic mathematical techniques in economic contexts: probability theory; maximization/minimization. General skills developed include: critical analysis and assessment; reasoning adaptably and systematically; problem-framing and problem-solving skills; numeracy and quantitative skills; obtaining and processing information from a variety sources; presentation and communication skills; interpersonal and group skills; computer and IT skills; independent action and initiative; managing tasks and time; coping with stress.

Assessment Information

Completion of formative on-line (multiple choice) tests: 5% point penalty for failure to submit at least 80% of tests.
Semester 1 class exam (multiple choice): 40%
2 x Essay (2000 words; semester 1): 60%