THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2021/2022

Information in the Degree Programme Tables may still be subject to change in response to Covid-19

University Homepage
DRPS Homepage
DRPS Search
DRPS Contact
DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Economics for Postgraduates (ECNM11042)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits15 ECTS Credits7.5
SummaryThis 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.
Course description Not entered
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Not being delivered
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
Reading List
None
Additional Information
Graduate Attributes and Skills Not entered
KeywordsNot entered
Contacts
Course organiserMr Jovan Vojnovic
Tel: (0131 6)50 8356
Email: Jovan.Vojnovic@ed.ac.uk
Course secretaryMiss Sophie Bryan
Tel: (0131 6)50 9905
Email: Sophie.Bryan@ed.ac.uk
Navigation
Help & Information
Home
Introduction
Glossary
Search DPTs and Courses
Regulations
Regulations
Degree Programmes
Introduction
Browse DPTs
Courses
Introduction
Humanities and Social Science
Science and Engineering
Medicine and Veterinary Medicine
Other Information
Combined Course Timetable
Prospectuses
Important Information