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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2024/2025

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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Modelling the Financial Crisis and its Aftermath (ECNM10110)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 10 (Year 4 Undergraduate) AvailabilityNot available to visiting students
SCQF Credits20 ECTS Credits10
SummaryThis course reviews models and empirical evidence relating to the financial crisis and its aftermath for students with a knowledge of economic and econometric analysis at the undergraduate level. It covers models which seek to explain why the crisis occurred as well as major policy issues arising in response to it.
Course description The course will cover a variety of topics which relate to the recent financial crisis, such as: models of bank runs, modelling incentives for why excessively risky actions are undertaken in financial markets, models of debt deflation and liquidity, understanding structural unemployment, the post-crisis macroeconomic debate about fiscal policy (theory and evidence) and monetary policy.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Essentials of Econometrics (ECNM10052) AND Topics in Microeconomics (ECNM10070)
Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2024/25, Not available to visiting students (SS1) Quota:  None
Course Start Semester 1
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 6, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 170 )
Assessment (Further Info) Written Exam 90 %, Coursework 10 %, Practical Exam 0 %
Additional Information (Assessment) Group Presentation - 10%
Degree Exam - 90%
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S1 (December)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. Demonstrate a knowledge and understanding of key concepts, debates and models relating to the financial crisis, along with relevant empirical evidence on and policy implications of those models and a deeper understanding of recent research activity in some more specialised areas.
  2. Demonstrate research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  3. Demonstrate communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
  4. Demonstrate personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
  5. Demonstrate practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
Reading List
None
Additional Information
Graduate Attributes and Skills Not entered
Keywordsfinancial crisis
Contacts
Course organiserProf John Hardman-Moore
Tel:
Email: John.Hardman.Moore@ed.ac.uk
Course secretaryMr Sean Barr
Tel: (0131 6)50 6661
Email: sean.barr@ed.ac.uk
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