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Postgraduate Economics 2017-2018

EC5003: ADVANCED ECONOMIC THEORY

15 credits

Level 5

First Sub Session

This course aims to provide the student with an understanding of and an ability to apply the core microeconomic principles to real life situations and academic problems. In addition, to provide the student with the necessary tools to conduct research at a post graduate level.

The course provides the student with high powered analytical tools to conduct policy based analysis that is suitable in a non-academic context, at industry and government based organisations.

EC5004: ADVANCED MACROECONOMIC THEORY

15 credits

Level 5

First Sub Session

This advanced, technical course examines in detail a selection of key theoretical models of modern macroeconomics in order to assess the impact of monetary and fiscal policy and economic shocks on economic growth, and the scope and limitations of such policies in globally connected economies.

EC5005: PETROLEUM ECONOMICS AND PROJECT EVALUATION

15 credits

Level 5

First Sub Session

This course will introduce students to key techniques from economics and finance allowing them to understand the business decision making relevant to the petroleum industry and decommissioning.  Students will learn how these principles help explain how investment and disinvestment decisions (such as cessation of production) are taken, how oil markets operate, and the government's role in setting environmental regulations and taxation allowances. 

EC5007: INTRODUCTORY ECONOMETRIC THEORY

15 credits

Level 5

First Sub Session

This course aims to develop the ability to analyse time-series and cross-section data with both economic and statistical techniques. Students will be able to formulate research questions.

You will also develop knowledge of the uses and limitations of the classical linear regression model, identification of methodological issue that arise in regression analysis, and the ability to use more complex econometric models to overcome those obstacles

EC5503: LABOUR ECONOMICS

15 credits

Level 5

Second Sub Session

Labour economics is one of the most diverse fields in economics, spanning both microeconomics and macroeconomics. This module covers this breadth and depth, including labour supply and demand, returns to education, unemployment, retirement as well as other key areas in the field. The course is split into two parts. The first part examines key theoretical areas of labour demand and supply, exploring models that give predictions about the behaviour of labour market actors. The second part examines the empirical ‘toolbox’ that labour economists use focusing on empirically-related topics and offering students experience using data and econometric programming skills.

EC5505: APPLIED PUBLIC POLICY

15 credits

Level 5

Second Sub Session

This course focuses on the design, implementation and evaluation of various aspects of public policy, while developing a deep understanding of how the techniques used draw on economic theory, and their associated strengths and weaknesses. The course will include a range of micro- and macro-policy applications to develop students’ skills in applying relevant techniques to real world problems. Students will benefit from a number of external lectures from policy makers in the Scottish Government, the EU and leading research centres will provide further examples of the application of the techniques in the real world.

EC5507: TOPICS IN HEALTH ECONOMICS AND ECONOMETRICS

15 credits

Level 5

Second Sub Session

This course is organized around a series of lectures, tutorials and computer workshops. We first review the microeconomics of consumption and investment in health choices. This helps to motivate the estimation methods frequently encountered in health econometrics. We then study (at the level of Cameron and Trivedi's Microeconometrics, or Goldberger's A Course in Econometrics) several topics including heteroscedasticity, measurement error, instrumental variables estimation and linear models for panel data. We also study econometric methods to estimate causal effects including natural experiments and field experiments. There are problem sets and computer assignments that are discussed in the tutorials.  

EC5901: MSC APPLIED ECONOMICS DISSERTATION

60 credits

Level 5

Second Sub Session

This course provides a systematic approach to developing and executing a research agenda on a topic chosen by the student together with an academic supervisor. This project provides the students the opportunity to use the appropriate specific econometric and statistical tools and endow them with the ability to use these tools for their own research project. It enables the students to understand the basic methods of quantitative research, develop their ability to think and act strategically in planning a research project, set up an applied research question, choose the appropriate quantitative tools, and carry out the statistical/econometric investigation.

EC5902: MRES APPLIED ECONOMICS DISSERTATION

90 credits

Level 5

Second Sub Session

This course provides a systematic approach to developing and executing a research agenda on a topic chosen by the student together with an academic supervisor. This project provides the students the opportunity to use the appropriate specific econometric and statistical tools and endow them with the ability to use these tools for their own research project. It enables the students to understand the basic methods of quantitative research, develop their ability to think and act strategically in planning a research project, set up an applied research question, choose the appropriate quantitative tools, and carry out the statistical/econometric investigation.

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