Aims:
This module offers an understanding of the basic theories and key techniques of modern economic and econometric analysis. It provides a foundation for economic research, practice and analysis both for advanced studies as well as financial and banking practices. Key skills and analytical techniques in computing and research methods for problem solving are covered in this module.

Contents:

  • General Equilibrium in Exchange Economies
  • Markets under Incomplete Information
  • Representative Agent Models
  • Overlapping-generations models
  • Rational Expectations
  • Statistical Significance and Economic Significance
  • Estimating Standard Econometric Models
  • Monetary policy
  • Economic growth