School of Economics & Finance - University of St Andrews...EC4403 Health and Education SCOTCAT...

Economics&Finance-HonoursLevel-2016/7-December2016

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SchoolofEconomics&FinanceGeneraldegreestudentswishingtoenter3000-levelmodulesandnon-graduatingstudentswishingtoenter3000-levelor4000-levelmodulesmustconsultwiththerelevantHonoursAdviserwithintheSchooltoconfirmtheyareproperlyqualifiedtoenterthemodule.Economics(EC)modulesEC3301Econometrics

SCOTCATCredits: 20 SCQFLevel9 Semester: 1

Academicyear: 2016/7&2017/8

Plannedtimetable: Tobearranged.

The module develops student understanding of the classical linear econometric model (ordinary leastsquares). This will cover a range of topics including: estimation and inference in multivariate regressionmodels;theuseoflimiteddependentvariables;largesamplepropertiesofOLSestimators;multicollinearityand heteroskedasticity. Student understanding of key econometric concepts and their application toeconomics will be developed, allowing them to estimate, interpret, test and critically evaluate economicrelationships.Themodulewilldevelopstudentsappliedskills through theuseofappropriateeconometricsoftware.

Programmemoduletype: CompulsoryforAppliedEconomics,Economics,FinancialEconomics,BA(IntHons)EconomicsandEconomicsasamajorOptionalforjointhonoursEconomics.

Pre-requisite(s): PermissionoftheEconomicsHonoursAdviser.

Anti-requisite(s): EC3202 Requiredfor: EC4401

Learningandteachingmethodsanddelivery:

Weeklycontact:20hoursoflecturesover11weeks,2-hourpracticalclasses(x4weeks)1-hourtutorial(x5weeks)plus1officehour(x12weeks).

Scheduledlearning:45hours Guidedindependentstudy:155hours

Assessmentpattern: 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


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EC3302DecisionandGameTheorySCOTCATCredits: 20 SCQFLevel9 Semester: 1



Decision and Game Theory focuses on the decisions of economic agents and their behaviour in interactivesituations.Thismodulewillteachthebasicsofstrategicthinking,aimingtoguidestudents’understandingofthecommonrootsofmanysocialandeconomicdilemmas.Beginningwiththediscussionofsimplegames,analytictoolswillbe introducedprogressively leadingthediscussionofnumerousapplications likeauctions,bargaining,oligopoly,financingdecisions,voting,andmanymore.

Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntHons)Economics


Anti-requisite(s): EC3201,EC4201


Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x5weeks)plus1officehour(x12weeks).





ModuleCo-ordinator: DrMLaManna

Lecturer(s)/Tutor(s): DrMLaManna

EC3303EconomicGrowth




GrowthisoneofthecoreissuesinEconomicswhichhasintriguedeconomistsformorethanacentury.Inspiteoftheireffort,manyquestionsremainunanswered,makingthisoneofthemostinterestingandchallengingfieldinEconomics.Arecurringthemeofthiscoursewillbethequestion"Whyaresomecountriessorich,whileothersare so poor?" Themain objective of this course will be to apply economic theory to better understand andinterpretempiricalobservationswithrespecttoeconomicdevelopmentandgrowth.Inthiscourse,wewillstudythemainfactscharacterizingeconomicdevelopmentandgrowthovertimeandacrosscountriesandtheabilityoftheoreticalmodelstoaccountforthesefacts.










ModuleCo-ordinator: DrRStefanski

Lecturer(s)/Tutor(s): DrRStefanski


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EC3304MathematicalEconomicsSCOTCATCredits: 20 SCQFLevel9 Semester: 1



Themodulecoversthebasicmathematicaltoolsusedineconomictheory.Goodknowledgeofelementarycalculuswill beassumed.Themain topics aremultivariate calculus, concavity and convexity,optimizationtheory, differential equations, and dynamic optimization. Themain goal is that students learn to use thetools,sotheemphasiswillbeontechniquesandtheirapplicationstofundamentaleconomicmodelsratherthanabstracttheory.



Anti-requisite(s): EC3201,EC3203,EC4201





AsusedbyStAndrews:2-hourWrittenExamination=50%,Coursework(incl.2xClassTest25%each)=50%


ModuleCo-ordinator: DrMZhang

Lecturer(s)/Tutor(s): DrMZhang

EC3305IncentivesandContracts




Thismodulewilladdresseconomicinstitutionswhenagentsinteractunderinformationalasymmetries.Themainmodelsof the theoryof contracts,particularly thebasicmodelsof adverse selection, signalling, andmoral hazard will be discussed with emphasis on their applications for the understanding the internalorganizationoffirms,taxation,regulation,insuranceandlabourmarkets,education,andmanyotheraspectsofeconomics.










ModuleCo-ordinator: DrGGerasimou

Lecturer(s)/Tutor(s): DrGGerasimou


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EC3306EconomicFluctuationsSCOTCATCredits: 20 SCQFLevel9 Semester: 2



Economic growth is not steady but features a series of expansions and contractions. These economicfluctuations areofprimary concern toeconomicpolicymakers andhavebeen the sourceof someof themostintensedebatesinallofeconomics.Arecurringthemeofthiscoursewillbethequestion"Wheredoeconomic booms and busts come from?" and the module's main objective is to provide an advancedunderstandingofthemacroeconomicsbehindthisvolatility. Studentswillbeintroducedtothemainfactscharacterizingeconomic fluctuationsaswell as a rangeof formal analyticalmodels thatwill helpdeveloptheirunderstandingofkeymacroeconomicandmonetaryrelationships.Finally,theywillexaminehowwellthesemodelsaccountfortheobservedfacts.










ModuleCo-ordinator: DrRStefanski

Lecturer(s)/Tutor(s): DrRStefanski


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EC4401AdvancedEconometricsSCOTCATCredits: 20 SCQFLevel10 Semester: 2



The module seeks to equip students with advanced skills in data analysis by introducing a number ofestimation 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 simultaneousequation models. The module builds upon the knowledge of the linear regression model acquired inEC3301.


Pre-requisite(s): EC3301orMT3508 Anti-requisite(s): EC4202,EC4602


Weeklycontact:20hoursoflecturesover11weeks,,2-hourpracticalclasses(x3weeks),1-hourtutorial(x5weeks)plus1officehour(x12weeks).



AsusedbyStAndrews:2-hourWrittenExamination=50%,Coursework(incl.2xClassTest25%each)=50%


ModuleCo-ordinator: ProfRMcCrorie

Lecturer(s)/Tutor(s): ProfRMcCrorie

EC4402EconomicHistory




Anunderstandingofeconomichistorylendsclaritytomanyquestionsineconomics.Amongtheseare:Theextentandimpactofglobalization;thedeterminantsofthewealthofnations;theoccurrenceandimpactoffinancialcrisis;andtheimportanceofeconomicinstitutions.Eachoftheseputativelymodernquestionshavelong historical antecedents.Wewill treat these questionswith amodern rigour, studyingwork that usestheoreticalandeconometricanalysis.


Anti-requisite(s): EC4602







ModuleCo-ordinator: DrATrew

Lecturer(s)/Tutor(s): DrATrew


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EC4403HealthandEducationSCOTCATCredits: 20 SCQFLevel10 Semester: 2



This module explores economic perspectives on health and education. After introducing human capitaltheory,wewillusethislenstoexaminethedecisiontoinvestinschoolingandreviewempiricalestimatesofthereturnstoeducation.Wewillalsoconsiderpolicyinterventionstoimproveeducation.Inthesecondpartof the coursewewill study the demand and supply of health services, paying particular attention to theissuessurroundingpublicandprivatehealth insurance.Wewillalsodiscusspublic interventiondirectedathealth behaviours. Themodulewill conclude by examining the joint production of health and education,withafocusonearlychildhood.









ModuleCo-ordinator: DrMLeighton

Lecturer(s)/Tutor(s): DrMLeighton

EC4405EconomicsoftheEnvironment




Theaimofthismoduleistointroducebasicideas,methodsandproblemsofenvironmentaleconomicsandpolicy building on current scientific evidence and a knowledge of economics. The political economybackground will be emphasized. Specific problems of developing countries and their relations to thedevelopedworldwillbestudied.









ModuleCo-ordinator: DrJJin

Lecturer(s)/Tutor(s): DrJJin


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EC4406ExperimentalEconomicsSCOTCATCredits: 20 SCQFLevel10 Semester: 1

Academicyear: 2017/8


Thepurposeofthismoduleistoexposestudentstothemethodologyofexperimentaleconomicsandtogivean overview of some of its uses in different areas of economics. The areas of experimental economicscovered are the studyofmarkets, the studyof public choice issues, and individual choicebehaviour. Themoduleisdesignedsoastoallowthestudenthands-onexperienceofparticipatingindemoexperimentsinthetutorials/laboratories.Students’understandingofkeyeconomicconceptswillbedeepenedthroughthelensofexperimentaleconomics.Themodulewilldevelopstudentsappliedskillsasstudentswill learnhowtosummarizeandinterpretdatafromaneconomicsexperiment.







AsusedbyStAndrews:2-hourWrittenExamination=50%,Coursework(incl.2xClassTests25%)=50%


ModuleCo-ordinator: ProfMCosta-Gomes

Lecturer(s)/Tutor(s): ProfMCosta-Gomes


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EC4407BehaviouralEconomicsSCOTCATCredits: 20 SCQFLevel10 Semester: 2



Behaviouraleconomicscombinestraditionalneoclassicalmicroeconomicsandempiricallymotivatedassumptionswiththegoalofprovidingabetterunderstandingofeconomicbehaviourandwelfareinsettingsthatrangefromsingle-person decision problems under certainty, risk or uncertainty to multi-person decision problems. Themodulewillintroducetheoreticalmodelsthatdeviatefromthestandardassumptionsofrationalchoiceinorderto explain observed behavioural patterns that arise both in single-period as well as in multi-period decisionproblems.Whenrelevant,policyimplications/responseswillalsobediscussed.









ModuleCo-ordinator: DrGGerasimou

Lecturer(s)/Tutor(s): DrGGerasimou

EC4408IndustrialOrganisationandRegulations




Thismoduleisananalyticaltreatmentofindustrialorganisationinadynamiccontext,providingrigorouscoverageofcoreareasofthesubject,supportedmostlybyboththeoreticalmodelsandsomeeconometricstudies. TheTopics covered are as follows: Modules of intra-industry competition, including discussion in game theoreticterms;marketstructures,economiesofscale,entryandexit;productdifferentiation,innovation;mergers.







AsusedbyStAndrews:2-HourWrittenExamination=50%,Coursework(includingClasstest25%)=50%

Re-Assessmentpattern: 2-HourWrittenExamination=100%




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EC4409InternationalMacroeconomicsSCOTCATCredits: 20 SCQFLevel10 Semester: 1



Thismoduleprovidesacomprehensivetreatmentofselectedaspectsofinternationalmacroeconomics.Thecoursemakes intensive use ofmathematical techniques of exchange ratemodelling. Themodule aims todeepen understanding of the functioning of the international monetary and financial system, and tofamiliarisestudentswithsomekeyissuesintheliteratureofinternationalmacroeconomics.









ModuleCo-ordinator: DrGMitka

Lecturer(s)/Tutor(s): DrGMitka

EC4410InternationalTrade




Thismodule introducesbasic factsand theoreticalmodels regardingeconomic interconnectionswithinanincreasingly integrated world. Its aim is to provide students a global view and understanding ofinterdependenceamongallcountries.Itscontentincludesacurrentandanhistoricaloverviewoftradeanditsimpactoneconomicgrowth,theclassictheoryoffreetrade,recentdevelopmentsintheoreticalmodelsandrelevantempiricalevidenceandmajorpolicyissuesarisinginopeneconomiesthatarebecomingmorerelevant today. The module will cover traditional (neoclassical) economics and also discuss variouschallengespresentedtosuchaframework,especiallybasedonexperienceofdevelopingcountries.









ModuleCo-ordinator: DrJJin

Lecturer(s)/Tutor(s): DrJJin


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EC4411EconomicsofLabourSCOTCATCredits: 20 SCQFLevel10 Semester: 2



Coremicroeconomicsmodulesprovidethebasictoolsfortheunderstandingof laboureconomics.Thismoduleaimstobuilduponthese foundations,examining insomedetailaseriesof topicsof interestwithinthe laboureconomics field. These include the functioning of labour markets, and how wages, employment andunemployment are determined. In particular, the role of differing institutions across countries and how theyinfluencelabourmarketoutcomeswillbeexplored.









ModuleCo-ordinator: DrIMerkurieva

Lecturer(s)/Tutor(s): DrIMerkurieva

EC4414MacroeconomicPolicySCOTCATCredits: 20 SCQFLevel10 Semester: 2



Themodule is designed to provide a specialised understanding of bothmonetary policy and fiscal policyissues. 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 inflationtargeting,monetaryandfiscalpolicyinadepressedeconomy,monetaryandfiscalpolicyinteraction.Wewillalsolookattheoperationofmonetarypolicyinanumberofinstitutions(e.g.ECB,BankofEngland).









ModuleCo-ordinator: DrPMacmillan

Lecturer(s)/Tutor(s): DrPMacmillan


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EC4415PublicEconomicsSCOTCATCredits: 20 SCQFLevel10 Semester: 1



Thismodulewillapplymicroeconomicreasoningtothestudyof thepublicsector. Itwill surveythescopeanddifferentmodesofpublicinterventionintheeconomy,withparticularemphasisonthewelfarestateandincomeredistribution. Itwilldiscuss theoptimalprovisionand financingofpublicandprivategoods, thedesignof taxsystems,aswellasotherissuesinpublicfinancesuchasdevolution,regulationandtheauctioningofpublicassets.









ModuleCo-ordinator: DrLBridet

Lecturer(s)/Tutor(s): DrLBridet

EC4416InnovationEconomics




Innovation is both amajor contributory factor in economic growth and a crucial element of competitivebehaviour and policy. The aim of this module is to introduce students to recent developments in theeconomic theory of innovation. Themodule, which is analytical in nature, examines the incentives firmshave to innovate by the introduction of new products and new processes and, in particular, how this isaffectedbystrategiccompetitiveconditions.












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EC4417FinancialEconomics:AssetPricingSCOTCATCredits: 20 SCQFLevel10 Semester: 1



Themainaimofthismoduleistoprovidearigorousgroundinginthetheoryandapplicationsoffinanceandathoroughsynthesisofthemost importantcurrentresearch infinance,withaparticularemphasisontheapplicationsoftheprinciples.Theultimateaim is toprovidestudentswithastandardapproachtodefine,measure,aswellaspredictthevalueoffinancialclaimsinaworldofuncertainty.Thestandardnotionofriskversusreturnisdefinedandanalyticaleconomicmodelsofhowrisksandreturnsaredeterminedandtradedin financialmarkets.Bothnormativeandpositiveaspectsof financial theorywillbe investigated, togetherwithsupportingdescriptiveandempiricalevidence.

Programmemoduletype: CompulsoryforFinancialEconomicsOptionalforallEconomicsdegreesandBA(IntHons)Economics








ModuleCo-ordinator: DrLBarbopoulos

Lecturer(s)/Tutor(s): DrLBarbopoulos

EC4418FinancialEconomics:CorporateFinanceSCOTCATCredits: 20 SCQFLevel10 Semester: 2



In this module we investigate the problem of how a collection of corporate liabilities is affected in value bycorporateactions.Possibleactionsincludecorporateinvestmentdecisions,decisionsregardingthefirm'sfinancialstructure, changes inmanagement rules and compensation and changes in the scope, specialisation and legalenvironment of the corporation's business. We emphasise standard methods for solving problems undereconomicuncertainty.Attheendofthismodulethestudentwillhaveagoodworkingknowledgeofinstitutionsandthetheoryandvaluationmethodsusedworldwideinmajorcorporationsandfinancialinstitutions.

Programmemoduletype: CompulsoryforFinancialEconomicsOptionalforallEconomicsdegreesandBA(IntHons)Economics








ModuleCo-ordinator: DrVPrasad

Lecturer(s)/Tutor(s): DrVPrasad


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EC4419EconomicsofDevelopmentSCOTCATCredits: 20 SCQFLevel10 Semester: 1



Themodulecoverssomeimportanttheoreticalandpracticalaspectsofdevelopmenteconomics.Inlowincomecountriesmarkets often fail, wealth can be distributed very unequally and the quality of governance can bevariable.InternationalmarketsmatterfortradeandaidwhileinternationalbodiessuchastheWorldBankplayacrucialrole.Understandingthecausesofunderdevelopmentcanhelpusunderstandhowtounlockthesustainedgrowthexperiencedbydevelopedeconomies.Specifictopicscanincludeincomeinequality,poverty,education,corruption,gender,foreigninvestment,aid,microfinanceandinternationaltradepolicy.Thecoursewilldrawonevidence across countries and over time,with an emphasis on developing an analytical understanding of theappliedissues.



Co-requisite(s): None


Weeklycontact:2hoursoflecturesover11weeks),1-hourtutorials(x5weeks)plus1officehour(x12weeks).



AsusedbyStAndrews:2-hourWrittenExamination=50%,Coursework(includingclasstest25%)=50%


ModuleCo-ordinator: DrMLeighton

Lecturer(s)/Tutor(s): DrMLeighton


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EC4420InequalityandRedistributionSCOTCATCredits: 20 SCQFLevel10 Semester: 2



The module is designed to foster an understanding of economic inequality both from theoretical andpractical perspectives. Itmainly aims to convey how economists approach and deal with inequalities ofincome,wealthandconsumptionof inequalitiesofnon-incomevariablessuchashealthoreducationbothbetweenindividualsandbetweensocialgroupssuchasgenderorethnicgroups.Howdifferentinequalitiesare assessed by international institutions such asWorld Bank and how relevant policies are produced inreturnareofmain concernsof themodule. Thedriving forcesof economic inequality and its relation toothereconomiccriteriasuchasgrowthareanalysedaswellfromahistoricalglobalperspective.









ModuleCo-ordinator: DrTCuhadaroglu

Lecturer(s)/Tutor(s): DrTCuhadaroglu

EC4421PoliticalEconomy




The main goal of Political Economy is to reach a better understanding of how institutions shape policyoutcomes. Standard microeconomic and game theoretical concepts are used to model the behaviour ofvotersandpoliticians,andstudytheirinteractionsunderdifferentinstitutions.Themodulewillcoversomeofthemostimportantmodelsinthisfield,providingempiricalapplicationswhenrelevant.








ModuleCo-ordinator: DrMNegri

Lecturer(s)/Tutor(s): DrMNegri


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EC4424TheEconomicsofMigrationSCOTCATCredits: 20 SCQFLevel10 Semester: 2



The number of internationalmigrants has rapidly grownover the last fewdecades. Thismodule explores theeconomicdeterminantsandconsequencesofinternationalmigration,andshedslightontheoftencontroversialpolicy debates surrounding immigration. Studentswill apply basic economic theory and empiricalmethods tounderstandthedecisiontomigrate,theeffectof immigrationonlabourmarketsandgovernmentbudgets,theeffect of diversity on economic performance, the effect of high¿skilled emigration on source countries andimmigrationpolicies.Thecoursewillhaveastrongfocusontheempiricalevidenceonimmigrationandwilltrainstudents¿abilitytocriticallyassessthisevidence.

Programmemoduletype: OptionalforallEconomicsdegrees,FinancialEconomics,BA(IntlHons)Economics







ModuleCo-ordinator: DrSBraun

Lecturer(s)/Tutor(s): DrSBraun

EC4430PortfolioManagement




This module aims to develop students’ knowledge and understanding of key issues in asset allocation andportfoliocomposition/managementatanintermediatelevel.Severaltechniquesavailableinthefieldofportfoliomanagementareutilized,investigated,aswellasassessedwithinthecontextofportfolioriskmanagementandportfolio performancemaximisation.Moreover thismodule aims to provide studentswith the opportunity todevelop their ability to critically understand current theoretical andempirical research in the fieldof portfoliomanagement and the implications of such research into alternative portfolio composition and portfoliomanagementstrategies.

Programmemoduletype: CompulsoryforFinancialEconomicsOptionalforallotherEconomicsdegrees,BA(IntHons)Economics







ModuleCo-ordinator: DrLChollete

Lecturer(s)/Tutor(s): DrLChollete


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EC4498ResearchProjectinEconomicsSCOTCATCredits: 20 SCQFLevel10 Semester: 1


Availabilityrestrictions: Availableonlytostudentsinthefinalyearoftheirdegreeprogrammewithatleast60creditsinHonoursEconomicsmodules.

Plannedtimetable: Tobearranged.Thismodule isdesigned todevelop students’ independent research,writingandpresentation skills in theapplicationofeconomicanalysistoaselectedtopicineconomics.Theprojectwillrequireinitiative,acriticaldiscussionofexistingresearchanddevelopmentofanargument.Theprojectmayalsoincludeeconometricstudyofaproblem.Thepermittedlengthisbetween6,000-8,000words.Programmemoduletype: OptionalforSingle&JointHonoursEconomics,FinancialEconomics

Pre-requisite(s): StudentsmustbeinthefinalyearoftheirHonoursprogrammeandhavealreadyaccumulatedatleast60creditsin3000or4000levelEconomicsmodules.



Weeklycontact:1lecture(x5weeks),1supervisionmeeting(x3weeks)Scheduledlearning:8hours Guidedindependentstudy:192hours


AsusedbyStAndrews:ResearchProject=80%,Coursework=20%





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EC4499DissertationinEconomicsSCOTCATCredits: 40 SCQFLevel10 Semester: WholeYear


Availabilityrestrictions: AvailableonlytostudentsinthesecondyearofanyHonoursEconomicsProgrammes.

Plannedtimetable: None,butattendanceatthedepartmentalresearchcolloquiarequired.

Thismoduleisdesignedtodevelopstudents’independentresearch,writingandpresentationskillsandtoenablethem to apply economic and/or econometric analysis to a topic in economics. Thedissertation is expected topresent original research on a question determined by the student after consultation with their dissertationsupervisor.ApreliminaryoutlineofitshouldhavebeapprovedwithinthefirstweekoftheMartinmassemesterbytheDirectorofTeachingandbythedissertationsupervisor.Themaximumnumberofwordsallowedis15,000butstudentswillbeadvisedtocoverthetopicinaround12,000.

Programmemoduletype: OptionalforSingle&JointHonoursEconomics,FinancialEconomics

Pre-requisite(s): EC3301and40creditsfromEC3302-EC3350,EC4401.

Anti-requisite(s): EC4300,EC4302,EC4498


Weeklycontact:5lecturesand6meetingswithsupervisorovertheyear.



AsusedbyStAndrews:Dissertation=80%,Coursework=20%




EC5201MacroeconomicsSCOTCATCredits: 20 SCQFLevel11 Semester: 1


Availabilityrestrictions: UG-AvailableonlytostudentsinthesecondyearoftheHonoursprogrammewiththepermissionoftheDirectorofTeachingwhohaveachievedatleast17.5inEC3303orEC3306.


Themodulewillprovideathoroughadvancedtreatmentofthecoremodelsandconceptsusedinmodernmacroeconomics;forexampletheinfinitehorisonRamseymodelandfinitehorisonoverlappinggenerationsmodel andmodels thathavebeenused to characterise short term fluctuations, suchas the realbusinesscycleapproachandtheNewKeynesianapproach.Amongotherthings,themodulewillseektoexplainthedevelopmentofmicrobasedmacroeconomictheory,usemodelstopredicttheimpactofpolicychangesonendogenous variables and critique modelling assumptions, especially in the context of policy analysis.Studentsareexpected tohavea strongundergraduate level training inmacroeconomics,microeconomicsandrelevantmathematicalandstatisticaltechniques.Beforecommencementofthemodule,supplementarylectureswillbegivenontherelevantmathematicalmethods.

Programmemoduletype: OptionalforallEconomicsDegrees

Pre-requisite(s): EC3303orEC3306andPermissionoftheDirectorofTeaching.




Assessmentpattern: AsdefinedbyQAA:


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WrittenExaminations=88%,PracticalExaminations=0%,Coursework=12%

AsusedbyStAndrews:3-hourWrittenExamination=75%,Coursework(includingclasstest12.5%)=25%


ModuleCo-ordinator: DrOSenay

Lecturer(s)/Tutor(s): TBC

EC5202MicroeconomicsSCOTCATCredits: 20 SCQFLevel11 Semester: 1


Availabilityrestrictions: UG-AvailableonlytostudentsinthesecondyearoftheHonoursprogrammewiththepermissionoftheDirectorofTeachingwhohaveachievedatleast17.5inEC3302orEC3305.


Thismodulewillprovideathoroughadvancedtreatmentofthecoremodelsandconceptsusedinmodernmicroeconomics.Microeconomictheoryisconcernedwiththebehaviourofindividualeconomicactors(e.g.firms,consumers)andtheaggregationof theiractions indifferent institutional frameworks (e.g.markets),and models economic activity as an interaction of individual economic agents pursuing their privateinterests.Studentswillbepresentedwithasetofconceptsandmathematicaltechniqueswhichwillenablethemtoachieveabetterunderstandingofeconomicactivityandoutcomes.Thisinvolvesanunderstandingofhowmicroeconomicmodelsarebuilt, focusingontheirobjective intermsofthephenomenontheyaremeant to explain, and the consequences of their assumptions in terms of the applicability of theirpredictions. Students are expected to have a strong undergraduate level training in macroeconomics,microeconomics and relevant mathematical and statistical techniques. Before commencement of themodule,supplementarylectureswillbegivenontherelevantmathematicalmethods.

Programmemoduletype: OptionalforallEconomicsdegrees

Pre-requisite(s): EC3302orEC3305andPermissionoftheDirectorofTeaching




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AsusedbyStAndrews:3-hourWrittenExamination=75%,Coursework(includingclasstest12.5%)=25%


ModuleCo-ordinator: DrKOzbek

Lecturer(s)/Tutor(s): DrKOzbek,ProfPManzini

EC5203EconometricMethodsandApplicationsSCOTCATCredits: 20 SCQFLevel11 Semester: 1


Availabilityrestrictions: UG-AvailableonlytostudentsinthesecondyearoftheHonoursprogrammewiththepermissionoftheDirectorofTeachingwhohaveachievedatleast17.5inEC4401.


Thismodulewillprovideanadvanced level training inaspectsofeconometricmethodsthat issuitableforthe basis for further work in econometrics and for understanding/being able to extract econometrictechniquesinpublishedarticles.Thecoursewillalsogivestudentsthebasistosupportanempiricalsectionin theirMScdissertation.Studentsareexpected tohave intermediate- levelknowledgeofmatrixalgebra,calculus and statistics.Before commencementof themodule,supplementary lectureswill begivenon therelevantmathematicalandstatisticalmethods.

Programmemoduletype: OptionalforallEconomicsdegrees

Pre-requisite(s): EC4401andPermissionoftheDirectorofTeaching.


Weeklycontact:20hoursoflecturesover11weeks,1-hourtutorial(x8weeks),2-hourcomputinglabs(x2weeks)plus1officehour(x12weeks)




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AsusedbyStAndrews:3-hourWrittenExamination=50%,Coursework(includingclasstest15%)=50%


ModuleCo-ordinator: DrIMerkurieva

Lecturer(s)/Tutor(s): DrIMerkurieva,DrKPetrova


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School of Economics & Finance - University of St Andrews...EC4403 Health and Education SCOTCAT...

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