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Course details

Economics 2 (VS1) (ECNM08011)

Subject Area

Economics

Pre-requisites

Visiting students should usually have at least 1 introductory level Economics course at grade B or above (or be predicted to obtain this) for entry to this course.We will only consider University/College level courses.

Credits

Course level

SCQF Level 8 (Year 2 Undergraduate)

Course description

The course is intended to develop a rigorous understanding of core economic models and analysis, together with an ability to apply the analysis in a variety of contexts. The first semester looks at the economic analysis of risk, information and strategic behaviour, with applications to insurance and credit markets, oligopoly, asset pricing and investment. The second semester looks more at macroeconomics and includes topics such as economic growth, business cycles, taxation, and public sector debt and deficits. Along with two economics lectures each week, a third lecture will focus on statistical techniques and data analysis. Students with a weak maths background will need to be prepared to work at developing their maths skills. Learning-by-doing, through problem solving and tutorial work, is an important ingredient of the course, with regular on-line tests to reinforce an active approach to learning. The recommended textbooks are: Pindyck and Rubinfeld 'Microeconomics' (Pearson), Mankiw 'Macroeconomics' (Palgrave), and Stock and Watson 'Introduction to Econometrics', Chapters 1-3,(Pearson).

Timetable

View the timetable and assessment information for this course

Course delivered by

College of Humanities and Social Science
School of Economics

This article was published on Feb 24, 2012