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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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  • 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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  • 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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Note: From 2020 MPhil in Economics students would be able to take, one, or two, or three core papers from the MPhil in Economic Research. Specifically: R100 in place of E100 (Microeconomics), R300 in place of E300 (Econometrics) and either R301a or R301b (Time Series/Panel Data) as an option. To do this, a student would have to apply to the Director of the MPhil, who would take account of the student’s background and marks for the Maths pre-course exam. The Director may also impose a limit on the total number allowed to do this.