Department of Economics, Unit Catalogue 2010/11 |
ES50071: Economic theory & applications 1 |
 Credits:
| 6 |
| Level:
| Masters |
| Period: | This unit is available in... |
| Semester 1 |
| Assessment:
| CW30EX70 |
| Supplementary Assessment: | Supplementary assessment information not currently available (this will be added shortly) |
| Requisites:
| |
| Description:
| Aims: To provide a selective but thorough understanding of certain key areas in economic theory. To help students to achieve competence in the use of theoretical tools of economic analysis. Learning Outcomes: Students should be able to: * Demonstrate proper understanding of the key concepts in micro and macro economics; * Apply basic theoretical tools in a variety of applied settings. Skills: Ability to develop rigorous arguments. Ability to select, summarise and synthesise written information from multiple sources. Ability to select and use appropriate ideas to produce a coherent response to a question. Concise and effective written communication. Content: Choice under uncertainty, Market Imperfections, Market Failures (models of asymmetric information), Aggregate Demand and Supply, Models of Business Cycles, Effects of Monetary and Fiscal Policy. |