Advanced Economics

Brief description of aims and content

The primary aims are to advance students’ understanding of economics and to train students to analyze problems using neoclassical microeconomic theory. Over the course of the semester, students will study the functioning of markets, and learn how to apply economic principles to a variety of business and public policy issues.

In this module students should gain sufficient understanding of macroeconomic theory to understand empirical research and so give a valuable insight into topical issues. Particular reference is made to the relative importance of the economics in the long run and macroeconomic policies in the open economy.

1. Micro and macroeconomic models and problems expressed in standard diagrammatic and basic mathematical terms, and be able to examine problems based on such models.
2. The implications of different macroeconomic policies.
3. Demonstrate knowledge and understanding of the main subject of the modules.
4. Understand micro and macroeconomic content in applied economic journals.