2017/8 - ECO-4001A INTRODUCTORY MATHEMATICS FOR ECONOMISTS (Maximum 250 Students) Organiser: Dr Susan Long Timetable Slot:D4*D7 This module covers those mathematical techniques that are most relevant to the study of Economics at University level. The mathematics part of the module will focus on developing understanding of linear and non-linear functions, progressing to a treatment of differential calculus. The focus will be on the mathematical techniques themselves and their economic applications. This module is a prerequisite for the year 2 module Introduction to Econometrics. Students with strong performance on this module a final mark of at least 70 will have the opportunity to broaden their quantitative skills by taking the optional module Mathematical Economics later in their degree. 2017/8 - ECO-4002A THE ECONOMICS OF SOCIETY (Maximum 96 Students) Organiser: Dr Duncan Watson Timetable Slot:C6*C2 This module emphasises the application of economics to real-world dilemmas. It focuses on how applied economics can be used to study wicked problems. Such problems, sometimes referred to as social messes, are often highly confrontational: How can we control problems of crime? Why do societies suffer from significant complications from drug addiction? How can we reduce deaths from terrorism and war? The module demonstrates how economics can play a crucial part in the debates, illustrating the value of the economic approach in transforming policy recommendations. 2017/8 - ECO-4003A MATHEMATICS FOR ECONOMISTS (Maximum 132 Students) Organiser: Dr Emiliya Lazarova Timetable Slot:D4*D7 This module covers those mathematical techniques that are most relevant to the study of
Economics at University level. The module will start with a review of some algebraic and non-algebraic functions, progressing to a thorough treatment of differential calculus and its application to (constrained) optimisation. The module will focus on deeper understanding of the relation between core economic notions and their mathematical counterparts. As such, it develops a set of transferrable quantitative skills necessary to conduct rigorous analysis in a variety of economics contexts. The emphasis will be on the use of formal mathematical language, notation, and appropriate techniques in the analysis. In order to take this module a student must have taken A-level mathematics or equivalent. This module is a prerequisite for the year 2 module Introductory Econometrics. Students with strong performance on this module a final mark of at least 60 will have the opportunity to broaden their quantitative skills by taking the optional module Mathematical Economics later in their degree. 2017/8 - ECO-5003A MATHEMATICAL ECONOMICS (Maximum 72 Students) Organiser: Dr Stefania Sitzia Timetable Slot:D3*C4 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4001Y OR TAKE ECO- 4004Y BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4003A OR TAKE ECO- 4001A Students can only enrol on this module if they obtained a mark of 60% on ECO- 4003A or 70% on ECO-4001A - Please seek further advice if you have any concerns about your suitability for this module. The module provides an introduction to mathematical techniques for economists: linear algebra, comparative static analysis, optimisation, calculus, applications (e.g. growth models, market equilibria, constrained utility maximisation and cost minimisation). The module will be particularly useful for students intending to undertake postgraduate study in Economics. Please note that this module requires good mathematical aptitude and a willingness to work hard at solving the seminar problems and other problems. The only way to master the material in this module is to work through lots of examples on a regular basis. 2017/8 - ECO-5004A STRATEGIC THINKING (Maximum 72 Students) Organiser: Dr Arnold Polanski Timetable Slot:B1*B2 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4002Y
BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y This module presents and explores different formal concepts of game theory. Game theory provides a framework to understand how people behave in the strategic situations that arise when the welfare of any person depends on both his own choices and the decisions of others. There is an abundance of such situations in economics and in other social sciences. Examples include bargaining situations (e.g. between workers and employers), interactions between firms in an industry, arms rivalry and military conflicts or war against terrorism. 2017/8 - ECO-5005A INTERNATIONAL TRADE AND INTEGRATION (Maximum 92 Students) Organiser: Dr Jibonayan Raychaudhuri Timetable Slot:D4*E1 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4002Y BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y & ECO-4006Y This module tries to develop students understanding of the international economy. The module tries to explain global flows of goods through international trade using a number of classical core models of international trade theory and also some of the more recently developed models of New trade theory. The module also deals with trade policy and its effects on overall economic welfare and with controversial issues like strategic trade policy. 2017/8 - ECO-5006A INTRODUCTORY ECONOMETRICS (Maximum 296 Students) Organiser: Dr Susan Long Timetable Slot:A9*D2 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4001B (or equivalent) This module introduces students to some basic econometric techniques and the problems which arise in their use. Students will have the opportunity to apply these techniques to a variety of economic problems and estimate models with the aid of statistical software. Module topics include Ordinary Least Squares estimation and the estimation of Limited Dependent Variable models. 2017/8 - ECO-5007A INTERMEDIATE MICROECONOMICS (Maximum 311 Students)
Organiser: Dr Amrish Patel Timetable Slot:D7*D8 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y This is a module in intermediate microeconomic theory. It is part of the compulsory core of the economic undergraduate programme and builds on the concepts covered in Introductory Microeconomics (ECO-4005Y). The module will focus on understanding consumer and firm behaviour, choice under uncertainty, market competition and failure and strategic interaction. The module aims to develop your understanding of key economic models, to develop your skills in applying these models and to provide the framework for further study in Economics. 2017/8 - ECO-6001A LABOUR ECONOMICS (Maximum 54 Students) Organiser: Dr Matthew Aldrich Timetable Slot:E4*C6 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-5001Y BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-5001Y This module uses the tools of economic analysis to examine the workings of the labour market. We consider a range of topics: why do people work, what is the impact of immigration on domestic labour markets, why do men earn more than women, is it worth joining a union, and what explanations does economics offer for persistent unemployment? Having looked at the relevant economic theory we use results from empirical studies to assess its heuristic value. Finally, we use international comparisons to discover the impact of labour market institutions and government. The coursework project gives you a chance to apply skills you have developed throughout your degree to carry out your own research on a topical issue in the labour market. 2017/8 - ECO-6002A DEVELOPMENT ECONOMICS (Maximum 54 Students) Organiser: Dr Sheheryar Banuri Timetable Slot:C7*C8 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-5001Y
BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-5001Y This module covers most of the central issues of concern for developing economies. It addresses the following sorts of questions: What is development? Does economic growth ensure human development? Why is child labour so prevalent in developing countries? How can a developing economy achieve structural transformation? Why is agricultural growth crucial for development? Can international trade provide growth opportunities to developing countries? 2017/8 - ECO-6003A FURTHER ECONOMETRICS AND DATA ANALYSIS (Maximum 55 Students) Organiser: Dr Georgios Papadopoulos Timetable Slot:B5*B6 BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-5002Y BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-5002Y This module builds on the material covered in the Applied Economic Analysis (AEA) module, providing students with further econometric tools. These econometrics tools will not only help students enhance their understanding of empirical work in macro and micro-economics, but will also allow them to use modern econometric strategies to tackle a wide range of research questions. The module covers two main econometric themes: time-series analysis, in the first 5 weeks, and microeconometrics, in the next 6 weeks. This module will be very useful for students who wish to undertake postgraduate studies, or for those who would like to build a career in a field that requires statistical analysis. 2017/8 - ECO-6004A BUSINESS AND ECONOMICS OF SPORT (Maximum 250 Students) Organiser: Dr Peter Dawson Timetable Slot:A1*A2 Pre-requisites: Intermediate Microeconomics & Introductory Econometrics The professional sports industry, exhibiting peculiar characteristics and an abundance of performance data, provides (an almost) unique opportunity to test the theoretical principles that are presented in business economics. This module explores how the underpinnings of sport can be used to develop a deeper understanding of how economic analysis contributes to and improves upon business, financial and commercial decision-making. Encompassing diverse approaches used to analyse product and labour markets and assess the contribution of major sporting events, focus is on policy evaluation and the development and evaluation of organisational rules and regulations.