Advanced Monetary Economics
| Code | School | Level | Credits | Semesters |
| ECON3064 | School of Economics | 3 | 20 | Autumn China |
- Code
- ECON3064
- School
- School of Economics
- Level
- 3
- Credits
- 20
- Semesters
- Autumn China
Summary
The module is designed to place emphasis in covering all the new and exciting developments in monetary economics of the last 40 years. The rational expectations revolution, new Keynesian models and new approaches in the conduct and design of monetary policy are amongst the most important developments. The module content is quite quantitatively oriented. This will mean that students will see more mathematics than they probably expect. To benefit the most it is recommended that students attend lectures and tutorials and study the material in a consistent manner.
Please note: This module is assessed at the end of Autumn semester. First sit/ Re-sit exams are scheduled normally in the summer and can take the same form as the missing/ failed component of the assessment (exam, essay etc.) or other form, as decided by the School.
Target Students
Year 4 Economics students
Classes
- One 1-hour seminar each week for 4 weeks
- One 2-hour lecture each week for 11 weeks
- One 1-hour lecture each week for 6 weeks
Assessment
- 25% Coursework 1: Seminar and Group Essay (1500 words) + 40-minute presentation
- 75% Exam 1 (1-hour-30-minute): 1.5 Hours--written exam.
Assessed by end of autumn semester
Educational Aims
A1 Demonstrate a broad knowledge of core areas of economics.A2 Apply core economic theory and economic reasoning to applied topics.A3 Show understanding of analytical methods, both theory- and model-based.A4 Demonstrate understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them.A5 Show understanding of relevant mathematical and statistical techniques.A6 Extensive knowledge and skills in specific specialisms in economicsLearning Outcomes
Knowledge and Understanding:
A2 Apply core economic theory and economic reasoning to applied topics.
A4 Demonstrate understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them.
A6 Extensive knowledge and skills in specific specialisms in economics (developing)
Intellectual Skills:
B4 Be able to frame analysis of problems, identifying which parameters should be taken as fixed and why they might change
Professional Practical Skills:
C1 Discuss and analyse government policy.
Transferable (key) Skills:
D1 Apply mathematical, statistical and graphical techniques in an appropriate manner.
Conveners
- Dr Jen-yu Chou