This module is not currently running in 2024 to 2025.
This module examines recent developments and methodologies in economics and the links between the theory and practical application. Micro- and macroeconomic models of economic behaviour are developed and analysed. The syllabus includes: consumer demand, firms and supply; uncertainty and assets; macroeconomic measures; developments in growth theory; borrowing, lending and the inter-temporal budget constraint, consumption and investment theory, fiscal and monetary policy.
36 (36 lectures/supervised problem solving sessions)
80% Examination, 20% Coursework
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes
On successful completion of this module students will:
a) have knowledge of the key principles of microeconomics and macroeconomics relevant for understanding models of economic behaviour;
b) be able to select and apply appropriate methods in economics;
c) be able to understand economic analysis of topics such as inflation, unemployment and macroeconomic policy;
d) understand interrelationships between different macroeconomic policies;
e) be able to analyse and evaluate equilibrium outcomes in a variety of market structures.
The intended generic learning outcomes
Students who successfully complete this module will have:
a) developed a logical mathematical approach to solving complex problems;
b) developed skills in written communication to both technical and non-technical audiences;
c) developed skills in the use of relevant information technology;
d) developed skills in time management, working with others, organisation and studying so that tasks can be planned and implemented at a professional level.
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