Undergraduate Course: Economics 2 (VS1) (ECNM08011)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Part-year visiting students only |
| Credit level (Normal year taken) | SCQF Level 8 (Year 2 Undergraduate) |
Credits | 20 |
| Home subject area | Economics |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| 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). |
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
Economics 1A (ECNM08005)
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | Pre-requisite: Economics 1A or equivalent. |
| Additional Costs | None |
Information for Visiting Students
| 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. |
| Displayed in Visiting Students Prospectus? | Yes |
Course Delivery Information
|
| Delivery period: 2012/13 Semester 1, Part-year visiting students only (VV1)
|
Learn enabled: Yes |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| Central | Lecture | | 1-11 | | | | | 10:00 - 10:50 | | Central | Lecture | | 1-11 | | 10:00 - 10:50 | | | | | Central | Lecture | | 1-11 | | | 10:00 - 10:50 | | |
| First Class |
First class information not currently available |
| Additional information |
Weekly two-hour tutorials to be arranged in addition. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours:Minutes |
|
|
| Main Exam Diet S1 (December) | Economics 2 (VS1) | 1:00 | | |
Summary of Intended Learning Outcomes
| After successful completion of this course the student will have knowledge and understanding of: the economic analysis of risk, information, strategic behaviour. Together with the ability to apply this analysis in a variety of economic contexts, including: asset pricing; insurance and credit markets; oligopoly; economic policy and inflation. Ability to apply basic mathematical techniques in economic contexts: probability theory; maximization/minimization. General skills developed include: critical analysis and assessment; reasoning adaptably and systematically; problem-framing and problem-solving skills; numeracy and quantitative skills; obtaining and processing information from a variety sources; presentation and communication skills; interpersonal and group skills; computer and IT skills; independent action and initiative; managing tasks and time; coping with stress. |
Assessment Information
Class Exam (multiple choice, October): 45%
Class Exam (multiple choice, December diet): 45%
Online Tests: 10%
- Online test mark will be the average of the highest 5 marks.
- Tutorial attendance: penalty 6 marks deducted for 5 missed tutorials, 12 marks deducted for 7 missed tutorials, 18 marks deducted for 9 missed tutorials. |
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
Not entered |
| Transferable skills |
Not entered |
| Reading list |
Not entered |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Dr Nicholas Vikander
Tel: (0131 6)51 3853
Email: Nick.Vikander@ed.ac.uk |
Course secretary | Mrs Mary Conn
Tel: (0131 6)50 6946
Email: Mary.Conn@ed.ac.uk |
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