Undergraduate Course: Economics 2 (VS1) (ECNM08011)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 8 (Year 2 Undergraduate) |
Availability | Part-year visiting students only |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This 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 course looks at the microeconomic analysis of risk, information and strategic behaviour, general equilibrium and welfare economics, with applications to insurance and credit markets, oligopoly, asset pricing and investment. Along with two economics lectures each week, a third lecture will focus on statistical techniques and data analysis.
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 tutorial work, is an important ingredient of the course, with regular practice tests to reinforce an active approach to learning.
The recommended textbooks are: Pindyck and Rubinfeld 'Microeconomics' (Pearson), and Diez, Barr and Çetinkaya-Rundel 'Introductory Statistics with Randomization and Simulation'.
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| Course description |
Not entered
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
Economics 1A (ECNM08005)
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | If the pre-requisite is not met, permission of the course organiser is required. |
Information for Visiting Students
| Pre-requisites | Visiting students should usually have at least 1 introductory level Economics course at grade B or above (or be predicted to obtain this) for entry to this course. We will only consider University/College level courses. |
Course Delivery Information
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| Academic year 2014/15, Part-year visiting students only (VV1)
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Quota: 1 |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 29,
Seminar/Tutorial Hours 22.5,
Formative Assessment Hours 14.5,
Summative Assessment Hours 2.5,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
127 )
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| Assessment (Further Info) |
Written Exam
90 %,
Coursework
10 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Multiple choice class test (October): 45%
December written exam: 45%
Tutorial attendance and engagement: 10%
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| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S1 (December) | Economics 2 (VS1) | 1:30 | |
Learning Outcomes
After successful completion of this course the student will have knowledge and understanding of: the economic analysis of risk, information, strategic behaviour, and general equilibrium. Together with the ability to apply this analysis in a variety of economic contexts, including: asset pricing; insurance and credit markets; oligopoly; and welfare economics.
Ability to apply basic mathematical techniques in economic contexts: probability theory; maximization/minimization; total differentiation; elements of econometric analysis.
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 of sources; presentation and communication skills; interpersonal and group skills; computer and IT skills; independent action and initiative; managing tasks and time; coping with stress.
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Additional Class Delivery Information |
Three lectures per week lasting one hour each. Weekly 1 hour statistics seminar and weekly one and a half hour tutorials to be arranged in addition. |
| Keywords | Not entered |
Contacts
| Course organiser | Mr Michael Watts
Tel: (0131 6)51 5130
Email: Michael.Watts@ed.ac.uk |
Course secretary | Ms Dawn Mcmanus
Tel: (0131 6)50 6946
Email: Dawn.McManus@ed.ac.uk |
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