Economics&Finance-HonoursLevel-2016/7-December2016 SchoolofEconomics&Finance Generaldegreestudentswishingtoenter3000-levelmodulesandnon-graduatingstudentswishing toenter3000-levelor4000-levelmodulesmustconsultwiththerelevantHonoursAdviserwithinthe Schooltoconfirmtheyareproperlyqualifiedtoenterthemodule. Economics(EC)modules EC3301Econometrics SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel9 Semester: 1 The module develops student understanding of the classical linear econometric model (ordinary least squares). This will cover a range of topics including: estimation and inference in multivariate regression models;theuseoflimiteddependentvariables;largesamplepropertiesofOLSestimators;multicollinearity and heteroskedasticity. Student understanding of key econometric concepts and their application to economics will be developed, allowing them to estimate, interpret, test and critically evaluate economic relationships. The module will develop students applied skills through the use of appropriate econometric software. Programmemoduletype: CompulsoryforAppliedEconomics,Economics,FinancialEconomics,BA(Int Hons)EconomicsandEconomicsasamajor OptionalforjointhonoursEconomics. Pre-requisite(s): PermissionoftheEconomicsHonoursAdviser. Anti-requisite(s): EC3202 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,2-hourpracticalclasses(x 4weeks)1-hourtutorial(x5weeks)plus1officehour(x12weeks). Scheduledlearning:45hours Assessmentpattern: Requiredfor: EC4401 Guidedindependentstudy:155hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrPMacmillan Lecturer(s)/Tutor(s): DrPMacmillan Page10.1 Economics&Finance-HonoursLevel-2016/7-December2016 EC3302DecisionandGameTheory SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel9 Semester: 1 Decision and Game Theory focuses on the decisions of economic agents and their behaviour in interactive situations.Thismodulewillteachthebasicsofstrategicthinking,aimingtoguidestudents’understandingofthe commonrootsofmanysocialandeconomicdilemmas.Beginningwiththediscussionofsimplegames,analytic toolswillbeintroducedprogressivelyleadingthediscussionofnumerousapplicationslikeauctions,bargaining, oligopoly,financingdecisions,voting,andmanymore. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons)Economics Pre-requisite(s): PermissionoftheEconomicsHonoursAdviser. Anti-requisite(s): EC3201,EC4201 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=60%,Coursework(incl.ClassTest15%)=40% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrMLaManna Lecturer(s)/Tutor(s): DrMLaManna EC3303EconomicGrowth SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel9 Semester: 1 GrowthisoneofthecoreissuesinEconomicswhichhasintriguedeconomistsformorethanacentury.Inspiteof theireffort,manyquestionsremainunanswered,makingthisoneofthemostinterestingandchallengingfieldin Economics.Arecurringthemeofthiscoursewillbethequestion"Whyaresomecountriessorich,whileothers are so poor?" The main objective of this course will be to apply economic theory to better understand and interpretempiricalobservationswithrespecttoeconomicdevelopmentandgrowth.Inthiscourse,wewillstudy themainfactscharacterizingeconomicdevelopmentandgrowthovertimeandacrosscountriesandtheabilityof theoreticalmodelstoaccountforthesefacts. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons)Economics Pre-requisite(s): PermissionoftheEconomicsHonoursAdviser. Anti-requisite(s): EC3203,EC4201 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Page10.2 Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrRStefanski Lecturer(s)/Tutor(s): DrRStefanski Economics&Finance-HonoursLevel-2016/7-December2016 EC3304MathematicalEconomics SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel9 Semester: 1 Themodulecoversthebasicmathematicaltoolsusedineconomictheory.Goodknowledgeofelementary calculus will be assumed. The main topics are multivariate calculus, concavity and convexity, optimization theory, differential equations, and dynamic optimization. The main goal is that students learn to use the tools,sotheemphasiswillbeontechniquesandtheirapplicationstofundamentaleconomicmodelsrather thanabstracttheory. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Pre-requisite(s): PermissionoftheEconomicsHonoursAdviser. Anti-requisite(s): EC3201,EC3203,EC4201 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=100%,PracticalExaminations=0%,Coursework=0% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.2xClassTest25%each) =50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrMZhang Lecturer(s)/Tutor(s): DrMZhang EC3305IncentivesandContracts SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel9 Semester: 2 Thismodulewilladdresseconomicinstitutionswhenagentsinteractunderinformationalasymmetries.The main models of the theory of contracts, particularly the basic models of adverse selection, signalling, and moral hazard will be discussed with emphasis on their applications for the understanding the internal organizationoffirms,taxation,regulation,insuranceandlabourmarkets,education,andmanyotheraspects ofeconomics. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Pre-requisite(s): PermissionoftheEconomicsHonoursAdviser. Anti-requisite(s): EC3201,EC4201 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrGGerasimou Lecturer(s)/Tutor(s): DrGGerasimou Page10.3 Economics&Finance-HonoursLevel-2016/7-December2016 EC3306EconomicFluctuations SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel9 Semester: 2 Economic growth is not steady but features a series of expansions and contractions. These economic fluctuations are of primary concern to economic policy makers and have been the source of some of the mostintensedebatesinallofeconomics.Arecurringthemeofthiscoursewillbethequestion"Wheredo economic booms and busts come from?" and the module's main objective is to provide an advanced understandingofthemacroeconomicsbehindthisvolatility.Studentswillbeintroducedtothemainfacts characterizing economic fluctuations as well as a range of formal analytical models that will help develop theirunderstandingofkeymacroeconomicandmonetaryrelationships.Finally,theywillexaminehowwell thesemodelsaccountfortheobservedfacts. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Pre-requisite(s): PermissionoftheEconomicsHonoursAdviser. Anti-requisite(s): EC3203,EC4201 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Page10.4 Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrRStefanski Lecturer(s)/Tutor(s): DrRStefanski Economics&Finance-HonoursLevel-2016/7-December2016 EC4401AdvancedEconometrics SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 The module seeks to equip students with advanced skills in data analysis by introducing a number of estimation methods commonly used in economics. These include, limited dependent variable models, pooled cross-section and panel models, two-stage least squares, time series methods and simultaneous equation models. The module builds upon the knowledge of the linear regression model acquired in EC3301. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Pre-requisite(s): EC3301orMT3508 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,,2-hourpracticalclasses (x3weeks),1-hourtutorial(x5weeks)plus1officehour(x12weeks). Scheduledlearning:43hours Assessmentpattern: Anti-requisite(s): EC4202,EC4602 Guidedindependentstudy:157hours AsdefinedbyQAA: WrittenExaminations=100%,PracticalExaminations=0%,Coursework=0% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.2xClassTest25%each) =50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: ProfRMcCrorie Lecturer(s)/Tutor(s): ProfRMcCrorie EC4402EconomicHistory SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 Anunderstandingofeconomichistorylendsclaritytomanyquestionsineconomics.Amongtheseare:The extentandimpactofglobalization;thedeterminantsofthewealthofnations;theoccurrenceandimpactof financialcrisis;andtheimportanceofeconomicinstitutions.Eachoftheseputativelymodernquestionshave long historical antecedents. We will treat these questions with a modern rigour, studying work that uses theoreticalandeconometricanalysis. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4602 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:157hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrATrew Lecturer(s)/Tutor(s): DrATrew Page10.5 Economics&Finance-HonoursLevel-2016/7-December2016 EC4403HealthandEducation SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 This module explores economic perspectives on health and education. After introducing human capital theory,wewillusethislenstoexaminethedecisiontoinvestinschoolingandreviewempiricalestimatesof thereturnstoeducation.Wewillalsoconsiderpolicyinterventionstoimproveeducation.Inthesecondpart of the course we will study the demand and supply of health services, paying particular attention to the issuessurroundingpublicandprivatehealthinsurance.Wewillalsodiscusspublicinterventiondirectedat health behaviours. The module will conclude by examining the joint production of health and education, withafocusonearlychildhood. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4603 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x15weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrMLeighton Lecturer(s)/Tutor(s): DrMLeighton EC4405EconomicsoftheEnvironment SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 Theaimofthismoduleistointroducebasicideas,methodsandproblemsofenvironmentaleconomicsand policy building on current scientific evidence and a knowledge of economics. The political economy background will be emphasized. Specific problems of developing countries and their relations to the developedworldwillbestudied. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4505,EC4605 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Page10.6 Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrJJin Lecturer(s)/Tutor(s): DrJJin Economics&Finance-HonoursLevel-2016/7-December2016 EC4406ExperimentalEconomics SCOTCATCredits: 20 Academicyear: 2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 Thepurposeofthismoduleistoexposestudentstothemethodologyofexperimentaleconomicsandtogive an overview of some of its uses in different areas of economics. The areas of experimental economics covered are the study of markets, the study of public choice issues, and individual choice behaviour. The moduleisdesignedsoastoallowthestudenthands-onexperienceofparticipatingindemoexperimentsin thetutorials/laboratories.Students’understandingofkeyeconomicconceptswillbedeepenedthroughthe lensofexperimentaleconomics.Themodulewilldevelopstudentsappliedskillsasstudentswilllearnhow tosummarizeandinterpretdatafromaneconomicsexperiment. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4506,EC4606 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=100%,PracticalExaminations=0%,Coursework=0% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.2xClassTests25%)= 50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: ProfMCosta-Gomes Lecturer(s)/Tutor(s): ProfMCosta-Gomes Page10.7 Economics&Finance-HonoursLevel-2016/7-December2016 EC4407BehaviouralEconomics SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 Behaviouraleconomicscombinestraditionalneoclassicalmicroeconomicsandempiricallymotivatedassumptions withthegoalofprovidingabetterunderstandingofeconomicbehaviourandwelfareinsettingsthatrangefrom single-person decision problems under certainty, risk or uncertainty to multi-person decision problems. The modulewillintroducetheoreticalmodelsthatdeviatefromthestandardassumptionsofrationalchoiceinorder to explain observed behavioural patterns that arise both in single-period as well as in multi-period decision problems.Whenrelevant,policyimplications/responseswillalsobediscussed. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons)Economics Anti-requisite(s): EC4507,EC4607 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrGGerasimou Lecturer(s)/Tutor(s): DrGGerasimou EC4408IndustrialOrganisationandRegulations SCOTCATCredits: 20 Academicyear: 2016/7 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 Thismoduleisananalyticaltreatmentofindustrialorganisationinadynamiccontext,providingrigorouscoverage ofcoreareasofthesubject,supportedmostlybyboththeoreticalmodelsandsomeeconometricstudies.The Topics covered are as follows: Modules of intra-industry competition, including discussion in game theoretic terms;marketstructures,economiesofscale,entryandexit;productdifferentiation,innovation;mergers. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons)Economics Anti-requisite(s): EC4508,EC4608 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-HourWrittenExamination=50%,Coursework(includingClasstest25%)=50% Page10.8 Re-Assessmentpattern: 2-HourWrittenExamination=100% ModuleCo-ordinator: DrMLaManna Lecturer(s)/Tutor(s): DrMLaManna Economics&Finance-HonoursLevel-2016/7-December2016 EC4409InternationalMacroeconomics SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 Thismoduleprovidesacomprehensivetreatmentofselectedaspectsofinternationalmacroeconomics.The course makes intensive use of mathematical techniques of exchange rate modelling. The module aims to deepen understanding of the functioning of the international monetary and financial system, and to familiarisestudentswithsomekeyissuesintheliteratureofinternationalmacroeconomics. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4509,EC4609 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrGMitka Lecturer(s)/Tutor(s): DrGMitka EC4410InternationalTrade SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 This module introduces basic facts and theoretical models regarding economic interconnections within an increasingly integrated world. Its aim is to provide students a global view and understanding of interdependenceamongallcountries.Itscontentincludesacurrentandanhistoricaloverviewoftradeand itsimpactoneconomicgrowth,theclassictheoryoffreetrade,recentdevelopmentsintheoreticalmodels andrelevantempiricalevidenceandmajorpolicyissuesarisinginopeneconomiesthatarebecomingmore relevant today. The module will cover traditional (neoclassical) economics and also discuss various challengespresentedtosuchaframework,especiallybasedonexperienceofdevelopingcountries. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4610 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrJJin Lecturer(s)/Tutor(s): DrJJin Page10.9 Economics&Finance-HonoursLevel-2016/7-December2016 EC4411EconomicsofLabour SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 Coremicroeconomicsmodulesprovidethebasictoolsfortheunderstandingoflaboureconomics.Thismodule aimstobuilduponthesefoundations,examininginsomedetailaseriesoftopicsofinterestwithinthelabour economics field. These include the functioning of labour markets, and how wages, employment and unemployment are determined. In particular, the role of differing institutions across countries and how they influencelabourmarketoutcomeswillbeexplored. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons)Economics Anti-requisite(s): EC4511,EC4610 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=70%,PracticalExaminations=0%,Coursework=30% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest20%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrIMerkurieva Lecturer(s)/Tutor(s): DrIMerkurieva EC4414MacroeconomicPolicy SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 The module is designed to provide a specialised understanding of both monetary policy and fiscal policy issues. The lectures will cover a broad range of issues. These may include central bank independence, monetary policy transparency and accountability, monetary policy targets, Taylor rules and inflation targeting,monetaryandfiscalpolicyinadepressedeconomy,monetaryandfiscalpolicyinteraction.Wewill alsolookattheoperationofmonetarypolicyinanumberofinstitutions(e.g.ECB,BankofEngland). Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4514,EC4614 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Page10.10 Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrPMacmillan Lecturer(s)/Tutor(s): DrPMacmillan Economics&Finance-HonoursLevel-2016/7-December2016 EC4415PublicEconomics SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 Thismodulewillapplymicroeconomicreasoningtothestudyofthepublicsector.Itwillsurveythescopeand differentmodesofpublicinterventionintheeconomy,withparticularemphasisonthewelfarestateandincome redistribution. It will discuss the optimal provision and financing ofpublic and private goods, the design of tax systems,aswellasotherissuesinpublicfinancesuchasdevolution,regulationandtheauctioningofpublicassets. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4615,EC4515 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrLBridet Lecturer(s)/Tutor(s): DrLBridet EC4416InnovationEconomics SCOTCATCredits: 20 Academicyear: 2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 Innovation is both a major contributory factor in economic growth and a crucial element of competitive behaviour and policy. The aim of this module is to introduce students to recent developments in the economic theory of innovation. The module, which is analytical in nature, examines the incentives firms have to innovate by the introduction of new products and new processes and, in particular, how this is affectedbystrategiccompetitiveconditions. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4503,EC4616 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrMLaManna Lecturer(s)/Tutor(s): DrMLaManna Page10.11 Economics&Finance-HonoursLevel-2016/7-December2016 EC4417FinancialEconomics:AssetPricing SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 Themainaimofthismoduleistoprovidearigorousgroundinginthetheoryandapplicationsoffinanceand athoroughsynthesisofthemostimportantcurrentresearchinfinance,withaparticularemphasisonthe applicationsoftheprinciples.Theultimateaimistoprovidestudentswithastandardapproachtodefine, measure,aswellaspredictthevalueoffinancialclaimsinaworldofuncertainty.Thestandardnotionofrisk versusreturnisdefinedandanalyticaleconomicmodelsofhowrisksandreturnsaredeterminedandtraded in financial markets. Both normative and positive aspects of financial theory will be investigated, together withsupportingdescriptiveandempiricalevidence. Programmemoduletype: CompulsoryforFinancialEconomics OptionalforallEconomicsdegreesandBA(IntHons)Economics Anti-requisite(s): EC4501,EC4617 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrLBarbopoulos Lecturer(s)/Tutor(s): DrLBarbopoulos EC4418FinancialEconomics:CorporateFinance SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 In this module we investigate the problem of how a collection of corporate liabilities is affected in value by corporateactions.Possibleactionsincludecorporateinvestmentdecisions,decisionsregardingthefirm'sfinancial structure, changes in management rules and compensation and changes in the scope, specialisation and legal environment of the corporation's business. We emphasise standard methods for solving problems under economicuncertainty.Attheendofthismodulethestudentwillhaveagoodworkingknowledgeofinstitutions andthetheoryandvaluationmethodsusedworldwideinmajorcorporationsandfinancialinstitutions. Programmemoduletype: CompulsoryforFinancialEconomics OptionalforallEconomicsdegreesandBA(IntHons)Economics Anti-requisite(s): EC4502,EC4602 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Page10.12 Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrVPrasad Lecturer(s)/Tutor(s): DrVPrasad Economics&Finance-HonoursLevel-2016/7-December2016 EC4419EconomicsofDevelopment SCOTCATCredits: 20 Academicyear: 2016/7 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 Themodulecoverssomeimportanttheoreticalandpracticalaspectsofdevelopmenteconomics.Inlowincome countries markets often fail, wealth can be distributed very unequally and the quality of governance can be variable.InternationalmarketsmatterfortradeandaidwhileinternationalbodiessuchastheWorldBankplaya crucialrole.Understandingthecausesofunderdevelopmentcanhelpusunderstandhowtounlockthesustained growthexperiencedbydevelopedeconomies.Specifictopicscanincludeincomeinequality,poverty,education, corruption,gender,foreigninvestment,aid,microfinanceandinternationaltradepolicy.Thecoursewilldrawon evidence across countries and over time, with an emphasis on developing an analytical understanding of the appliedissues. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons)Economics Anti-requisite(s): EC4519 Co-requisite(s): None Learningandteaching methodsanddelivery: Weeklycontact:2hoursoflecturesover11weeks),1-hourtutorials(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(includingclasstest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrMLeighton Lecturer(s)/Tutor(s): DrMLeighton Page10.13 Economics&Finance-HonoursLevel-2016/7-December2016 EC4420InequalityandRedistribution SCOTCATCredits: 20 Academicyear: 2016/7 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 The module is designed to foster an understanding of economic inequality both from theoretical and practical perspectives. It mainly aims to convey how economists approach and deal with inequalities of income,wealthandconsumptionofinequalitiesofnon-incomevariablessuchashealthoreducationboth betweenindividualsandbetweensocialgroupssuchasgenderorethnicgroups.Howdifferentinequalities are assessed by international institutions such as World Bank and how relevant policies are produced in return are of main concerns of the module. The driving forces of economic inequality and its relation to othereconomiccriteriasuchasgrowthareanalysedaswellfromahistoricalglobalperspective. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Anti-requisite(s): EC4520,EC4620 Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrTCuhadaroglu Lecturer(s)/Tutor(s): DrTCuhadaroglu EC4421PoliticalEconomy SCOTCATCredits: 20 Academicyear: 2016/7 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 The main goal of Political Economy is to reach a better understanding of how institutions shape policy outcomes. Standard microeconomic and game theoretical concepts are used to model the behaviour of votersandpoliticians,andstudytheirinteractionsunderdifferentinstitutions.Themodulewillcoversome ofthemostimportantmodelsinthisfield,providingempiricalapplicationswhenrelevant. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons) Economics Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5 weeks)plus1officehour(x13weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Page10.14 Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrMNegri Lecturer(s)/Tutor(s): DrMNegri Economics&Finance-HonoursLevel-2016/7-December2016 EC4424TheEconomicsofMigration SCOTCATCredits: 20 Academicyear: 2016/7 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 2 The number of international migrants has rapidly grown over the last few decades. This module explores the economicdeterminantsandconsequencesofinternationalmigration,andshedslightontheoftencontroversial policy debates surrounding immigration. Students will apply basic economic theory and empirical methods to understandthedecisiontomigrate,theeffectofimmigrationonlabourmarketsandgovernmentbudgets,the effect of diversity on economic performance, the effect of high¿skilled emigration on source countries and immigrationpolicies.Thecoursewillhaveastrongfocusontheempiricalevidenceonimmigrationandwilltrain students¿abilitytocriticallyassessthisevidence. Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntlHons)Economics Learningandteaching methodsanddelivery: Weeklycontact:2hoursoflecturesover11weeks,1-hourtutorial(x5weeks)plus 1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrSBraun Lecturer(s)/Tutor(s): DrSBraun EC4430PortfolioManagement SCOTCATCredits: 20 Academicyear: 2016/7&2017/8 Plannedtimetable: Tobearranged. SCQFLevel10 Semester: 1 This module aims to develop students’ knowledge and understanding of key issues in asset allocation and portfoliocomposition/managementatanintermediatelevel.Severaltechniquesavailableinthefieldofportfolio managementareutilized,investigated,aswellasassessedwithinthecontextofportfolioriskmanagementand portfolio performance maximisation. Moreover this module aims to provide students with the opportunity to develop their ability to critically understand current theoretical and empirical research in the field of portfolio management and the implications of such research into alternative portfolio composition and portfolio managementstrategies. Programmemoduletype: CompulsoryforFinancialEconomics OptionalforallotherEconomicsdegrees,BA(IntHons)Economics Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks) plus1officehour(x12weeks). Scheduledlearning:37hours Assessmentpattern: Guidedindependentstudy:163hours AsdefinedbyQAA: WrittenExaminations=75%,PracticalExaminations=0%,Coursework=25% AsusedbyStAndrews: 2-hourWrittenExamination=50%,Coursework(incl.ClassTest25%)=50% Re-Assessmentpattern: 2-hourWrittenExamination=100% ModuleCo-ordinator: DrLChollete Lecturer(s)/Tutor(s): DrLChollete Page10.15 Economics&Finance-HonoursLevel-2016/7-December2016 EC4498ResearchProjectinEconomics SCOTCATCredits: 20 Academicyear: 2017/8 Availableonlytostudentsinthefinalyearoftheirdegreeprogrammewithat least60creditsinHonoursEconomicsmodules. Availabilityrestrictions: SCQFLevel10 Semester: 1 Plannedtimetable: Tobearranged. This module is designed to develop students’ independent research, writing and presentation skills in the applicationofeconomicanalysistoaselectedtopicineconomics.Theprojectwillrequireinitiative,acritical discussionofexistingresearchanddevelopmentofanargument.Theprojectmayalsoincludeeconometric studyofaproblem.Thepermittedlengthisbetween6,000-8,000words. Programmemoduletype: Pre-requisite(s): Learningandteaching methodsanddelivery: Assessmentpattern: OptionalforSingle&JointHonoursEconomics,FinancialEconomics Studentsmustbeinthefinalyear Anti-requisite(s): EC4499 oftheirHonoursprogrammeand havealreadyaccumulatedat least60creditsin3000or4000 levelEconomicsmodules. Weeklycontact:1lecture(x5weeks),1supervisionmeeting(x3weeks) Scheduledlearning:8hours Guidedindependentstudy:192hours AsdefinedbyQAA: WrittenExaminations=0%,PracticalExaminations=20%,Coursework=80% AsusedbyStAndrews: ResearchProject=80%,Coursework=20% Page10.16 Re-Assessmentpattern: 3-hourWrittenExamination=100% ModuleCo-ordinator: DrSBraun Lecturer(s)/Tutor(s): DrSBraun Economics&Finance-HonoursLevel-2016/7-December2016 EC4499DissertationinEconomics SCOTCATCredits: 40 SCQFLevel10 Semester: WholeYear Academicyear: 2016/7&2017/8 Availabilityrestrictions: AvailableonlytostudentsinthesecondyearofanyHonoursEconomics Programmes. Plannedtimetable: None,butattendanceatthedepartmentalresearchcolloquiarequired. Thismoduleisdesignedtodevelopstudents’independentresearch,writingandpresentationskillsandtoenable them to apply economic and/or econometric analysis to a topic in economics. The dissertation is expected to present original research on a question determined by the student after consultation with their dissertation supervisor.ApreliminaryoutlineofitshouldhavebeapprovedwithinthefirstweekoftheMartinmassemester bytheDirectorofTeachingandbythedissertationsupervisor.Themaximumnumberofwordsallowedis15,000 butstudentswillbeadvisedtocoverthetopicinaround12,000. Programmemoduletype: OptionalforSingle&JointHonoursEconomics,FinancialEconomics Pre-requisite(s): EC3301and40creditsfrom EC3302-EC3350,EC4401. Learningandteaching methodsanddelivery: Weeklycontact:5lecturesand6meetingswithsupervisorovertheyear. Assessmentpattern: AsdefinedbyQAA: WrittenExaminations=0%,PracticalExaminations=20%,Coursework=80% Anti-requisite(s): Scheduledlearning:11hours EC4300,EC4302, EC4498 Guidedindependentstudy:389hours AsusedbyStAndrews: Dissertation=80%,Coursework=20% Re-Assessmentpattern: 3-hourWrittenExamination=100% ModuleCo-ordinator: DrSBraun Lecturer(s)/Tutor(s): DrSBraun EC5201Macroeconomics SCOTCATCredits: 20 SCQFLevel11 Semester: 1 Academicyear: 2016/7&2017/8 Availabilityrestrictions: UG-AvailableonlytostudentsinthesecondyearoftheHonoursprogramme withthepermissionoftheDirectorofTeachingwhohaveachievedatleast 17.5inEC3303orEC3306. Plannedtimetable: Tobearranged. Themodulewillprovideathoroughadvancedtreatmentofthecoremodelsandconceptsusedinmodern macroeconomics;forexampletheinfinitehorisonRamseymodelandfinitehorisonoverlappinggenerations model and models that have been used to characterise short term fluctuations, such as the real business cycleapproachandtheNewKeynesianapproach.Amongotherthings,themodulewillseektoexplainthe developmentofmicrobasedmacroeconomictheory,usemodelstopredicttheimpactofpolicychangeson endogenous variables and critique modelling assumptions, especially in the context of policy analysis. Students are expected to have a strong undergraduate level training in macroeconomics, microeconomics andrelevantmathematicalandstatisticaltechniques.Beforecommencementofthemodule,supplementary lectureswillbegivenontherelevantmathematicalmethods. Programmemoduletype: OptionalforallEconomicsDegrees Pre-requisite(s): EC3303orEC3306andPermissionoftheDirectorofTeaching. Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x10 weeks)plus1officehour(x12weeks). Scheduledlearning:42hours Assessmentpattern: Guidedindependentstudy:158hours AsdefinedbyQAA: Page10.17 Economics&Finance-HonoursLevel-2016/7-December2016 WrittenExaminations=88%,PracticalExaminations=0%,Coursework=12% AsusedbyStAndrews: 3-hourWrittenExamination=75%,Coursework(includingclasstest12.5%)= 25% Re-Assessmentpattern: 3-hourWrittenExamination=100% ModuleCo-ordinator: DrOSenay Lecturer(s)/Tutor(s): TBC EC5202Microeconomics SCOTCATCredits: 20 SCQFLevel11 Semester: 1 Academicyear: 2016/7&2017/8 Availabilityrestrictions: UG-AvailableonlytostudentsinthesecondyearoftheHonoursprogramme withthepermissionoftheDirectorofTeachingwhohaveachievedatleast 17.5inEC3302orEC3305. Plannedtimetable: Tobearranged. Thismodulewillprovideathoroughadvancedtreatmentofthecoremodelsandconceptsusedinmodern microeconomics.Microeconomictheoryisconcernedwiththebehaviourofindividualeconomicactors(e.g. firms,consumers)andtheaggregationoftheiractionsindifferentinstitutionalframeworks(e.g.markets), and models economic activity as an interaction of individual economic agents pursuing their private interests.Studentswillbepresentedwithasetofconceptsandmathematicaltechniqueswhichwillenable themtoachieveabetterunderstandingofeconomicactivityandoutcomes.Thisinvolvesanunderstanding ofhowmicroeconomicmodelsarebuilt,focusingontheirobjectiveintermsofthephenomenontheyare meant to explain, and the consequences of their assumptions in terms of the applicability of their predictions. Students are expected to have a strong undergraduate level training in macroeconomics, microeconomics and relevant mathematical and statistical techniques. Before commencement of the module,supplementarylectureswillbegivenontherelevantmathematicalmethods. Programmemoduletype: OptionalforallEconomicsdegrees Page10.18 Pre-requisite(s): EC3302orEC3305andPermissionoftheDirectorofTeaching Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x10 weeks)plus1officehour(x12weeks). Economics&Finance-HonoursLevel-2016/7-December2016 Scheduledlearning:42hours Assessmentpattern: Guidedindependentstudy:158hours AsdefinedbyQAA: WrittenExaminations=88%,PracticalExaminations=0%,Coursework=12% AsusedbyStAndrews: 3-hourWrittenExamination=75%,Coursework(includingclasstest12.5%)= 25% Re-Assessmentpattern: 3-hourWrittenExamination=100% ModuleCo-ordinator: DrKOzbek Lecturer(s)/Tutor(s): DrKOzbek,ProfPManzini EC5203EconometricMethodsandApplications SCOTCATCredits: 20 SCQFLevel11 Semester: 1 Academicyear: 2016/7&2017/8 Availabilityrestrictions: UG-AvailableonlytostudentsinthesecondyearoftheHonoursprogramme withthepermissionoftheDirectorofTeachingwhohaveachievedatleast 17.5inEC4401. Plannedtimetable: Tobearranged. Thismodulewillprovideanadvancedleveltraininginaspectsofeconometricmethodsthatissuitablefor the basis for further work in econometrics and for understanding/being able to extract econometric techniquesinpublishedarticles.Thecoursewillalsogivestudentsthebasistosupportanempiricalsection in their MSc dissertation. Students are expected to have intermediate- level knowledge of matrix algebra, calculus and statistics. Before commencement of the module,supplementary lectures will be given on the relevantmathematicalandstatisticalmethods. Programmemoduletype: OptionalforallEconomicsdegrees Pre-requisite(s): EC4401andPermissionoftheDirectorofTeaching. Learningandteaching methodsanddelivery: Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x8 weeks),2-hourcomputinglabs(x2weeks)plus1officehour(x12weeks) Scheduledlearning:44hours Assessmentpattern: Guidedindependentstudy:156hours AsdefinedbyQAA: WrittenExaminations=65%,PracticalExaminations=0%,Coursework=35% Page10.19 Economics&Finance-HonoursLevel-2016/7-December2016 AsusedbyStAndrews: 3-hourWrittenExamination=50%,Coursework(includingclasstest15%)= 50% Page10.20 Re-Assessmentpattern: 3-hourWrittenExamination=100% ModuleCo-ordinator: DrIMerkurieva Lecturer(s)/Tutor(s): DrIMerkurieva,DrKPetrova Economics&Finance-HonoursLevel-2016/7-December2016 Page10.21
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