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Department of Economics

Advanced economic analysis

Course Code:
153400108
Unit value:
1
Year of study:
Year 3
Taught in:
Full Year
This covers micro and macro economic issues at an advanced level, enabling students to access professional material and proceed to postgraduate study. The course content varies from year to year, but examples of micro topics include welfare, risk, uncertainty and information, theories of the firm, externalities and market failures. Examples of macro theory include: modern orthodox and heterodox growth theory, heterodox and orthodox explanations of business cycles in advanced capitalist economies, the global financial crisis and economic policy responses, overview over institutional and evolutionary approaches to economic theorising.

Prerequisites

15 340 0107 - Intermediate Economic Analysis

Method of assessment

Assessment weighting: Exam 80% / Coursework 20%. Resubmission of coursework regulations do not apply to this course.

Suggested reading

Background Readings
Macroeconomics Term One
1. Thirlwall, A. (2002), The Nature of Economic Growth. An Alternative Framework for  
Understanding the Performance of Nations. Cheltenham: Edward Elgar.
2. Taylor, L. (2010), Maynard’s Revenge. The Collapse of Free Market Macroeconomics. Cambridge,  Massachusetts: Harvard University Press.
3. Arnold, L.G. (2002), Business Cycle Theory, Oxford University Press: Oxford.

Microeconomics  Term Two
1. H. Gravelle & R. Rees, Microeconomics, 2004, third edition, London: Pearson
2. Education Limited.
3. S. Bowles, Microeconomics: Behavior, Institutions, and Evolution, 2004, Princeton      
   and Oxford: Princeton University Press.
4. M.C. Sawyer, The Challenge of Radical Political Economy: An Introduction to the
   Alternatives to Ne0-Classical Economics, 1989, Hemel Hempstead: Harvester Weatsheaf.