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.
|