Economics - Course Outline
The economics course is divided into two parts, part first, part second 'A' and part second 'B'. The course incorporates theoretical as well as practical exercises. Students are provided teaching through supervisions and lectures. Students may expect teaching and supervisions between thirty-two to forty hours lectures for each paper.
Students need to prepare for exam that may be held at the end of the academic year. Students have to prepare a dissertation that is compulsory in the part second 'B'. They are examined through formal and written examinations. Generally, students have one three-hour exam for each paper. Students have to create projects within the Econometrics papers in all three years of the course.
The part first provides an introduction to the subject. The first year comprises five compulsory papers:
- Quantitative Methods
- British Economic History
- Politics (sociological and political features of economics)
With the help of these papers, students may cover various topics such as the role of prices and markets, supply and demand, inflation, employment, monetary policy and the operation of financial institutions. A paper on Quantitative Methods provides an introduction to the use of statistical and mathematical techniques in economics.
Part Second 'A'
Part Second 'A'
The part second 'A' includes three compulsory papers in Macroeconomics, Microeconomics and Econometrics. In addition to these papers, students need to choose one optional paper from Labour, Development, Mathematics, or Sociology. With the help of these papers, students will gain a knowledge and understanding of a spectrum of major topics.
Through these papers, students will acquire analytical techniques in macroeconomic and microeconomic theory, demonstrate the IT skills required to undertake an assignment in applied econometrics and develop the knowledge of major econometric techniques. An optional paper in a supporting discipline shall enable students to carry out advanced papers in part second 'B'.
Part Second 'B'
The final year comprises two compulsory papers in macroeconomics and microeconomics, a compulsory dissertation of approximately 7, 500 words and two optional papers. These two optional papers may vary from year to year. However, the examples of recent papers may include banking, economic theory and analysis, money and finance, industry, the economics of underdeveloped counties, financial econometrics and time series.
The course is well modified and designed to the view of providing advanced education. Students are given thorough understanding of the subject. The objective of the final year is to extend students' knowledge of economic theory and train them to apply this theory to public policy and practical issues.