Postgraduate Course: Economics for Postgraduates (ECNM11036)
Course Outline
School |
School of Economics |
College |
College of Humanities and Social Science |
Course type |
Standard |
Availability |
Not available to visiting students |
Credit level (Normal year taken) |
SCQF Level 11 (Postgraduate) |
Credits |
20 |
Home subject area |
Economics |
Other subject area |
None |
Course website |
None |
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Course description |
This course is intended for postgraduate students enrolled in taught and research postgraduate programmes throughout the University who have little previous exposure to economics, but who might find economics to be beneficial for their career and research purposes.
The course&©s major objective is to introduce students to economists&© way of thinking and equip them with tools for tackling a variety of economic issues ranging from simple household and firm decisions through industry regulation and economy-wide stimuli to societal welfare and global economic policies.
The course begins with a brief overview of the main economic principles (scarcity, opportunity cost, comparative advantage, interdependency), and introduces the major tools of economic analysis (marginal analysis, optimization, supply and demand analysis, cost-benefit analysis, expected utility, game theory). It then proceeds to cover market structure, externalities, free trade, market and government failure, welfare, efficiency and equity, and the principles of regulation. It then reviews basic macroeconomic aggregates (aggregate output, unemployment, inflation), business cycles (expansion, recession, depression, stagflation), and fiscal and monetary policies.
Depending on the course enrolment, student interest and staff expertise, the final part of the course will focus on current economic events and/or applied economic issues. The list of potential applications to be covered includes but is not limited to issues in global and political economy (economic growth and inequality, economic development, international trade and capital flows); issues in macroeconomic policy and business cycles; issues in game theory and asymmetric information (moral hazard, adverse selection, principal-agent problem, contracts); cost-benefit analysis, project appraisal and evaluation.
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Entry Requirements
Pre-requisites |
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Co-requisites |
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Prohibited Combinations |
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Other requirements |
None
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Additional Costs |
None |
Course Delivery Information
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Delivery period: 2010/11 Semester 2, Not available to visiting students (SS1)
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WebCT enabled: Yes |
Quota: None |
Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
No Classes have been defined for this Course |
First Class |
First class information not currently available |
Summary of Intended Learning Outcomes
Ability to understand and use economic terminology and concepts. Ability to employ main economic tools (marginal analysis, optimization, supply and demand, decision-making under market and strategic uncertainty). High-level understanding of markets and efficiency. High-level understanding of implications of micro- and macroeconomic policies
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Assessment Information
Power Point Presentation (maximum 12 slides with a minimum 20pt font) on a specific and relevant topic (from a pre-selected list of topics) $ú 40%
Written exam in April-May diet $ú 60%
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Special Arrangements
Not entered |
Contacts
Course organiser |
Dr Tatiana Kornienko
Tel: 0131 650 8338
Email: Tatiana.Kornienko@ed.ac.uk |
Course secretary |
Mrs Lorna Aitken
Tel: (0131 6)50 8363
Email: L.Aitken@ed.ac.uk |
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copyright 2010 The University of Edinburgh -
1 September 2010 5:50 am
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