MSc — 2025 entry Economics

Introduction to modern econometric techniques used in the analysis of financial time series. Topics include ARIMA models, ARCH & GARCH models, estimating and testing the CAPM, fractional integration and nonlinear models (Markov-switching).

This module builds on the techniques for dynamic optimization developed in ECOM021 and taken together, the two courses provide a rigorous introduction to modern macroeconomic modelling. ECOM047 focuses on model construction, simulation and policy analysis. The general approach to macro-economic modelling is to derive all decisions of economic agents from micro-foundations in a rational expectations, dynamic and stochastic setting. Taken together with market clearing, the models studied are then the dynamic general equilibrium (GE) model that forms the basis of macroeconomic modelling that is common nowadays. The Course will study the construction of a rich, modern macroeconomic model in steps, progressing in stages from simpler set-ups. The use of Software packages Matlab will be taught to carry out the numerical solution and simulation of the models. The ultimate aim is to use such models to first, understand the movements in macroeconomic data and second, understand their implications for policies.

Perhaps the most significant development in microeconomics in the last forty years has been the attempt to deal with market failures caused by asymmetric information and strategic behaviour. The importance of these developments is apparent from the Nobel prizes that have been awarded to game theorists and information economists. This module is designed to cover the central topics related to markets and interactions with asymmetric information. Studying this module will help you to apply and extend your knowledge of microeconomic theory. You will learn about the effects of asymmetric information and strategic behaviour on the outcomes of market interactions.

This module looks at the firm and the industrial environment in which it operates. It asks why the firm exists and how it chooses to organise itself, before considering some of the factors that affect its performance and how these are related to the market structure in which it operates. An important influence on the firm is the structure of the market in which the firm works. This will affect the products and the process that the firm selects and the profits it earns. At the same time, of course, the firm may take actions that affect this market structure to its advantage. Thus, we want to ask how the firm¿s performance is affected by the market it is in. This has important competition and industrial policy implications.

The course is mainly aimed at reviewing modern theories of international finance, with special reference to developing economies. This module starts with micro foundation of macroeconomics, that is, intertemporal optimization. Then it exposes students fundamental topics of international finances such as risk sharing, exchange rate, and currency crises. It also emphasizes the importance of empirical analysis with recent econometric methods.

How do we enable 'evidence-based' policy? This module will explain various techniques that are commonly used to measure causal effects in microeconomics. The module will critically evaluate the potential of the various techniques and their actual application, equipping students with a toolkit for policy evaluation.

The module examines theories of international trade as well as selected empirical evidence relating to these theories.

This module provides an in-depth review of the building blocks of finance theory and introduces the workings of the capital, financial options, and foreign exchange markets at the graduate level. It encompasses investor behaviour, asset pricing and financial trading.

The first part of this module draws a big picture of the banking systems and introduces how central banks interact with financial markets. More precisely, we cover topics on central banking, monetary policies, and international banking. The second part of this module is more research oriented and focuses on several fundamental topics on central banking and financial markets.

This module introduces the fundamentals of energy and environmental economics to students covering appropriate economic theory, empirical and case studies and policy aspects.

Perhaps the most significant development in microeconomics in the last forty years has been the attempt to deal with market failures caused by asymmetric information and strategic behaviour. The importance of these developments is apparent from the Nobel prizes that have been awarded to game theorists and information economists. This module is designed to cover the central topics related to markets and interactions with asymmetric information. Studying this module will help you to apply and extend your knowledge of microeconomic theory. You will learn about the effects of asymmetric information and strategic behaviour on the outcomes of market interactions.

Introduction to modern econometric techniques used in the analysis of financial time series. Topics include ARIMA models, ARCH & GARCH models, estimating and testing the CAPM, fractional integration and nonlinear models (Markov-switching).

This module looks at the firm and the industrial environment in which it operates. It asks why the firm exists and how it chooses to organise itself, before considering some of the factors that affect its performance and how these are related to the market structure in which it operates. An important influence on the firm is the structure of the market in which the firm works. This will affect the products and the process that the firm selects and the profits it earns. At the same time, of course, the firm may take actions that affect this market structure to its advantage. Thus, we want to ask how the firm¿s performance is affected by the market it is in. This has important competition and industrial policy implications.

The course is mainly aimed at reviewing modern theories of international finance, with special reference to developing economies. This module starts with micro foundation of macroeconomics, that is, intertemporal optimization. Then it exposes students fundamental topics of international finances such as risk sharing, exchange rate, and currency crises. It also emphasizes the importance of empirical analysis with recent econometric methods.

How do we enable 'evidence-based' policy? This module will explain various techniques that are commonly used to measure causal effects in microeconomics. The module will critically evaluate the potential of the various techniques and their actual application, equipping students with a toolkit for policy evaluation.

The module examines theories of international trade as well as selected empirical evidence relating to these theories.

This module provides an in-depth review of the building blocks of finance theory and introduces the workings of the capital, financial options, and foreign exchange markets at the graduate level. It encompasses investor behaviour, asset pricing and financial trading.

The first part of this module draws a big picture of the banking systems and introduces how central banks interact with financial markets. More precisely, we cover topics on central banking, monetary policies, and international banking. The second part of this module is more research oriented and focuses on several fundamental topics on central banking and financial markets.

This module builds on the techniques for dynamic optimization developed in ECOM021 and taken together, the two courses provide a rigorous introduction to modern macroeconomic modelling. ECOM047 focuses on model construction, simulation and policy analysis. The general approach to macro-economic modelling is to derive all decisions of economic agents from micro-foundations in a rational expectations, dynamic and stochastic setting. Taken together with market clearing, the models studied are then the dynamic general equilibrium (GE) model that forms the basis of macroeconomic modelling that is common nowadays. The Course will study the construction of a rich, modern macroeconomic model in steps, progressing in stages from simpler set-ups. The use of Software packages Matlab will be taught to carry out the numerical solution and simulation of the models. The ultimate aim is to use such models to first, understand the movements in macroeconomic data and second, understand their implications for policies.

This module introduces the fundamentals of energy and environmental economics to students covering appropriate economic theory, empirical and case studies and policy aspects.

This module builds on the techniques for dynamic optimization developed in ECOM021 and taken together, the two courses provide a rigorous introduction to modern macroeconomic modelling. ECOM047 focuses on model construction, simulation and policy analysis. The general approach to macro-economic modelling is to derive all decisions of economic agents from micro-foundations in a rational expectations, dynamic and stochastic setting. Taken together with market clearing, the models studied are then the dynamic general equilibrium (GE) model that forms the basis of macroeconomic modelling that is common nowadays. The Course will study the construction of a rich, modern macroeconomic model in steps, progressing in stages from simpler set-ups. The use of Software packages Matlab will be taught to carry out the numerical solution and simulation of the models. The ultimate aim is to use such models to first, understand the movements in macroeconomic data and second, understand their implications for policies.

The course is mainly aimed at reviewing modern theories of international finance, with special reference to developing economies. This module starts with micro foundation of macroeconomics, that is, intertemporal optimization. Then it exposes students fundamental topics of international finances such as risk sharing, exchange rate, and currency crises. It also emphasizes the importance of empirical analysis with recent econometric methods.

How do we enable 'evidence-based' policy? This module will explain various techniques that are commonly used to measure causal effects in microeconomics. The module will critically evaluate the potential of the various techniques and their actual application, equipping students with a toolkit for policy evaluation.

The module examines theories of international trade as well as selected empirical evidence relating to these theories.

This module provides an in-depth review of the building blocks of finance theory and introduces the workings of the capital, financial options, and foreign exchange markets at the graduate level. It encompasses investor behaviour, asset pricing and financial trading.

The first part of this module draws a big picture of the banking systems and introduces how central banks interact with financial markets. More precisely, we cover topics on central banking, monetary policies, and international banking. The second part of this module is more research oriented and focuses on several fundamental topics on central banking and financial markets.

Introduction to modern econometric techniques used in the analysis of financial time series. Topics include ARIMA models, ARCH & GARCH models, estimating and testing the CAPM, fractional integration and nonlinear models (Markov-switching).

Perhaps the most significant development in microeconomics in the last forty years has been the attempt to deal with market failures caused by asymmetric information and strategic behaviour. The importance of these developments is apparent from the Nobel prizes that have been awarded to game theorists and information economists. This module is designed to cover the central topics related to markets and interactions with asymmetric information. Studying this module will help you to apply and extend your knowledge of microeconomic theory. You will learn about the effects of asymmetric information and strategic behaviour on the outcomes of market interactions.

This module looks at the firm and the industrial environment in which it operates. It asks why the firm exists and how it chooses to organise itself, before considering some of the factors that affect its performance and how these are related to the market structure in which it operates. An important influence on the firm is the structure of the market in which the firm works. This will affect the products and the process that the firm selects and the profits it earns. At the same time, of course, the firm may take actions that affect this market structure to its advantage. Thus, we want to ask how the firm¿s performance is affected by the market it is in. This has important competition and industrial policy implications.

This module introduces the fundamentals of energy and environmental economics to students covering appropriate economic theory, empirical and case studies and policy aspects.