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Economic Theory

Module Code: EC401C

Module Title: Economic Theory

  • ECTS Weighting: 10
  • Semester/Term Taught: Hilary Term
  • Contact Hours: 22 hours of lectures and 7 hours of tutorials
  • Module Personnel: Lecturer - Paul Scanlon

Learning Outcomes

On successful completion of this module, you will be able to:

  • Interpret and analyze different models of economic fluctuations
  • Analyze and extend models of long-run economic development
  • Describe models in game theory, especially as they relate to economics
  • Manipulate economic models to incorporate changes in economic policy

Module Content

This module will cover selected topics in macroeconomics and will build on the foundations developed in EC3010. Topics covered include monetary policy; real business cycle theory; the Ramsey model; public finance; endogenous growth theory; asset pricing; and New Keynesian economics.

Recommended Reading List

David Romer, Advanced Macroeconomics, 3rd edition, McGraw-Hill

Module Pre Requisite

EC3010, and one of EC3080 and EC3090

Assessment Details

There will be an assignment in Hilary Term accounting for 30% of the overall grade. The annual examination is worth 70% of the overall grade.

Module Website