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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2018/2019

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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Models and Research Methods in Macroeconomics (ECNM11062)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThis module, compulsory for all first year PGR students, is designed to introduce and cover in some depth a range of theoretical issues and techniques so as to broaden student's knowledge of macroeconomics. The aim is to provide exposure to a wide variety of theoretical models and methods that may be used by graduate research students. It is not expected that any student would use more than one or two methods in their own research, and some may not use any of the methods covered, but awareness of the variety of economic research methods is viewed as an essential component of development as a graduate economist.
Course description This module, compulsory for all PGR students, is designed to introduce and cover in some depth a range of theoretical issues and techniques so as to broaden student's knowledge of macroeconomics. The aim is to provide exposure to a wide variety of theoretical models and methods that may be used by graduate research students. It is not expected that any student would use more than one or two methods in their own research, and some may not use any of the methods covered, but awareness of the variety of economic research methods is viewed as an essential component of development as a graduate economist.
The course is taught through a programme of interactive lectures. Learning-by-doing, through problem solving and discussion is an important ingredient of the course.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements All first year PhD students in Economics will sit this course. External students must have the same qualifications as the PhD cohort namely a Distinction in coursework and dissertation from an MSc in analytical economics deemed equivalent to the MSc in Economics from Edinburgh. If pre-requisites are not met, students must seek permission of the course organiser.
Course Delivery Information
Academic year 2018/19, Not available to visiting students (SS1) Quota:  10
Course Start Blocks 2-3 (Sem 1-2)
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Seminar/Tutorial Hours 26, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 72 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) 2 hour exam in April/May exam diet (60%)
Reference Report (30%)
Participation (10%)
Feedback Continual feedback via class problems and group interaction in class.
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Solve models using dynamic programming and Bellman's equations
  2. Set up and solve macroeconomic models involving search frictions
  3. Understand the equilibrium workings of models of global games as applied to real world scenarios such as bank runs
  4. Specify and solve macroeconomic models containing stochastic processes
Reading List
There is no single text that covers all aspects of this course at an appropriate level. A variety of advanced readings will be used, mainly from economics journals.
Additional Information
Graduate Attributes and Skills See Learning Outcomes
KeywordsNot entered
Contacts
Course organiserDr Ludo Visschers
Tel: (0131 6)51 3853
Email: Ludo.Visschers@ed.ac.uk
Course secretaryDr Joe Stroud
Tel: (0131 6)51 5184
Email: Joe.Stroud@ed.ac.uk
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