This course unit aims to prepare for future employment open to you before and after graduation. This course unit will allow you to implement the Royal Holloway career aspiration strategy: evaluate, explore, enacts. It contains information about the challenges of finding employment, detail what skills you will develop as part of your studies as well of the training of specific employability skills. This course unit will be followed in the second and third year to deepen this material.
The primary goal of this five-week module is to introduce students with minimal mathematical background to the formal tools used in the first-year Principles of Economics module and the Data Skills module as well as the second-year modules of Microeconomics and Macroeconomics. To achieve this goal, we begin by getting up to speed with the bare-bones basics of set theory, mathematical logic, and the concept of functions. Next, we examine the most common functional forms used in economics and analysing their behaviour using conventional graphs. We then move on to the basics of differential calculus, focusing on the rules of differentiation and the ways derivatives are used in unconstrained and constrained optimisation. Throughout the module, we emphasize applications of the mathematical tools we learn to economic models and data.
By the end of the course students should be able to:
- Be familiar with the basic terms, rules, and notation of mathematical logic and set theory;
- Understand the concept of a function;
- Illustrate the behaviour of (real-valued) functions (of one or two real arguments) using graphs;
- Analyse the behaviour of (real-valued) functions (of a one or more real arguments) using derivatives, and in particular:
- Find the local and global maxima of (well-behaved) functions
- Understand and apply the basic principles of constrained optimisation;
- Solve basic economic models and analyse their "comparative statics".
This course unit aims to prepare for future employment open to you before and after graduation. This course unit will allow you to implement the Royal Holloway career aspiration strategy: evaluate, explore, enacts. It contains information of the challenges of finding employment, detail what skills you will develop as part of your studies as well of the training of specific employability skills. This second-year course unit will focus on preparing you for employment after graduation and allowing you to find a relevant internship at the end of the first year.
Lectures:
Tuesdays, 15:00 - 17:00, Boilerhouse Auditorium
Seminars:
Mondays, 10:00-16:00, starting 3 Oct, please check your personal timetable.
Weekly Quiz:
Fridays: 8am - 8pm (12h), starting 4 Oct. on Connect. (Mock Quiz available 1st week.)
Weekly Homework
Deadline Thursdays, 11:59pm, opens Wednesdays 8am (40h), starting 4 Oct. on Connect. (Mock homework available 1st week.)
Midterm:
25 Nov, 10am - 12pm
Exam:
Summer Term (May/June)
Outline:
EC2201/4201 is the second-year course in microeconomic analysis and policy. The course offers an introduction to microeconomics and game theory and addresses the behaviour of individuals and firms in the economy, examining issues such as individual optimisation, the behaviour of the firm in different market environments, exchange and general equilibrium frameworks. Applications to various markets such as the labour market will be discussed as well as market failures in the presence of asymmetric information, externalities and public goods.
EC2202 is a second year core, compulsory course in macroeconomic theory and policy.
It will be a mandatory and non-condonable module (must-pass) for some students and an optional module for others. Please check your programme specification for more information.
The module covers the theories of the firm, the role of transaction costs, and issues surrounding investment, organization, governance and expansion of corporations. The material emphasizes both theories and their applications. Students will be expected to work with real-life data and test hypotheses on top of understanding the models discussed in class. Please check the description of the learning outcomes on Moodle for further information.
This course unit aims to prepare Economics students for their future employment open to them before and after graduation. This course unit will allow students to implement the Royal Holloway career aspiration strategy: evaluate, explore, enacts. It contains information of the challenges of finding employment, detail what skills they will develop as part of their studies as well of the training of specific employability skills. This third-year course unit will focus on preparing student for employment after graduation.
Students should have a grounding in microeconomics and mathematics, including calculus. The course consists primarily of analyses of formal economic models.
1) Deepen understanding of applied econometrics
2) Focus on applications of techniques to real world data
3) Understand better why one particular econometric technique may be more appropriate than another
4) Appreciate the power but also the very serious limitations of empirical techniques in general
5) To learn how to be scientifically critical of the so-called "science" - the debate is never over...
Learning Outcomes
Successful students will
o Have a comprehensive knowledge about the main issues in development microeconomics that are currently driving state-of-the-art research.
o Be able to engage analytically and critically with theoretical and empirical articles.
o Obtain a good understanding of policy issues: tools at hand, what are the likely mechanisms at play, different strategies to assess policy effectiveness.