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MPhil in Economics - Core Modules

Core Modules


  • E100 : Microeconomics

    This is a new microeconomics course designed specifically for the MPhil in Economics. It adopts the question motivated approach to teaching microeconomics concepts and applications. The course is centred on three themes: global warming, online markets, and the economics of politics. Within each theme, the relevant microeconomics concepts (such as decision making with and without uncertainty, social discounting, network markets, games of incomplete information, information aggregation) and empirical tools are introduced to address core questions about global externalities, climate policy, the design and regulation of online markets and political decision making processes. The course will assume knowledge of intermediate level microeconomics theory and econometrics.

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  • E101 : Applied Microeconomics

    The focus of this course is on using both theory and data to answer interesting and policy relevant questions in applied microeconomics. The questions are drawn from topics in applied microeconomics, including research in taxation, social insurance and labour markets. The focus is on individual behaviour and the role of government. The aims of the course are:

    1. To provide a framework on individual behaviour that can be used to think about the effects of policy
    2. To use that framework to analyse the effects of taxation and social insurance
    3. To provide the empirical tools to relate the theoretical framework to what we observe in the data

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  • E200 : Macroeconomics

    The purpose of this course is to introduce you to major questions and theories in neoclassical economics. The goal is to develop the “tools and tastes” necessary to understand the main models of economic growth and business cycle. First, it discusses the Solow-Swan model with exogenous technological progress and savings decision. We analyse the equilibrium of the model and the comparative dynamics around the steady state. Second, we study the microfoundation of consumption and then we study the business cycles phenomena and set up a simple model, which can generate some business cycle facts. Finally we look deeper into investment theory.

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  • E201 : Applied Macroeconomics

    The aim of this course is twofold: First, it will introduce students to structural VARs, and related the concept of structural to identification more broadly. In addition, the students will obtain the computational tools to analyse structural VARs themselves using mathematical softwares (primarily Matlab). Second, the course will go through applied macroeconomic theory and analyse the effects on monetary and fiscal policy, and how the policy effectiveness are altered when the economy is in a liquidity trap.
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  • E300 : Econometric Methods

    The aim is to provide a graduate level training in econometric methods. The emphasis of the course is on single equation models; empirical examples are provided both to motivate and to illustrate the methods. Topics will include: least squares and the linear regression model; instrumental variables; maximum likelihood estimation and test procedures; binary choice and count data models; time series models; simple dynamic structures.
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