EC9B8-12 Topics in Advanced Economic Theory I
Introductory description
EC9B8-12 Topics in Advanced Economic Theory
Module aims
The module aims to develop the skills and knowledge of advanced economic theory necessary for a career as an academic economist and in all areas where advanced research skills in economics are required. Specifically, it aims to teach the students to understand, appreciate, and ultimately contribute to, frontier research. It is intended to be comparable to modules taught in the best research universities in the USA and elsewhere in Europe.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Illustrative topics might include:-
- Dynamic General Equilibrium Theory;
- Auctions and Mechanism Design;
- Cooperative Game Theory;
- Strategic Formation of Social Networks;
- Finance;
- Topics in Game Theory.
Learning outcomes
By the end of the module, students should be able to:
- Have a strategic overview and a detailed understanding of complex issues in advanced economic theory. The teaching and learning methods that enable students to achieve this learning outcome are: Seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: 2 x assessments (referee reports).
- Develop a critical knowledge of recent research in some key areas of advanced economic theory. The teaching and learning methods that enable students to achieve this learning outcome are: Seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: 2 x assessments (referee reports).
- Autonomously pursue their own original research agenda in the forefront of the field. The teaching and learning methods that enable students to achieve this learning outcome are: Seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: 2 x assessments (referee reports).
Subject specific skills
Students will have the opportunity to develop skills in:
Analytical thinking and communication
Analytical Reasoning
Critical thinking
Creative Thinking
Problem solving
Abstraction
Concepts of Simultaneity and Endogeneity
Analysis of Optiminsation
Understanding of Uncertainty and Incomplete Information
Transferable skills
Students will have the opportunity to develop:
Research skills
Numeracy and Quantitative skills
Data-based Skills
Written communication
Mathematical, Statistical, data-based research skills
Study time
| Type | Required |
|---|---|
| Seminars | 30 sessions of 1 hour (25%) |
| Private study | 90 hours (75%) |
| Total | 120 hours |
Private study description
Private study will be required in order to prepare for seminars/classes, to review lecture notes, to prepare for forthcoming assessments, tests, and exams, and to undertake wider reading around the subject.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A4
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
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| Assessment 1 | 50% | No | |
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Referee Report |
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Reassessment component is the same |
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Assessment component |
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| Assessment 2 | 50% | No | |
|
Referee Report |
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Reassessment component is the same |
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Feedback on assessment
The Department of Economics is committed to providing high quality and timely feedback to students on their assessed work, to enable them to review and continuously improve their work. We are dedicated to ensuring feedback is returned to students within 20 University working days of their assessment deadline. Feedback for assignments is returned either on a standardised assessment feedback cover sheet which gives information both by tick boxes and by free comments or via free text comments on Tabula, together with the annotated assignment. For tests and problem sets, students receive solutions as an important form of feedback and their marked assignment, with a breakdown of marks and comments by question and sub-question. Students are informed how to access their feedback, either by collecting from the Department of Economics Postgraduate Office or via Tabula. Module leaders often provide generic feedback for the cohort outlining what was done well, less well, and what was expected on the assignment and any other common themes. This feedback also includes a cumulative distribution function with summary statistics so students can review their performance in relation to the cohort. This feedback is in addition to the individual-specific feedback on assessment performance.
Pre-requisites
Satisfactory completion of MRes year 1
Courses
This module is Core optional for:
- Year 2 of TECA-L1PL in Economics (Master of Research plus PhD)