Part II of the course focuses on analysing network structures and understanding behaviour in different network structures. Game theory will also be introduced. They can choose to concentrate in one of the streams: It explores the normative aspects of evaluating public projects and policies, the measurement of welfare change and public investment criteria.
Candidates can also choose elective courses offered by the PhD curriculum of the School of Economics and Finance.
Candidates shall not be permitted to repeat a course for which they have received a passing grade for the purpose of upgrading.
The concept of opportunity cost and benefit will be examined.
Applicants who submit a portfolio larger than A4 will be asked to re-submit before their application can be processed; There is neither minimum nor maximum number of projects you may include; The portfolio should contain a visual record of the creative works that the applicant has completed.
Finally, it offers an introduction to mechanism design and its application to the procurement problem. Topics include theories of money demand and supply, theories of interest rates, issues related to conduct of monetary policy, such as targets and indicators, rules versus discretion, time inconsistency, credit market imperfections, banking crisis, bank regulation, deposit insurance, among many others.
Contemporary issues in transport will also be analyzed from a transport economics methodological and welfare economics approach. ECON International Trade and Foreign Direct Investment 6 credits This course analyses the most important phenomenon of globalization, namely international trade and foreign direct investment.
Emphasis will be placed on contrasting the viewpoints of free-market economists and public health practitioners. The topics will include: Qualifying examination ME 2. It will also discuss the consequences of market failures, including public goods, externalities, and market power.
Candidates who are unable, because of illness, to be present at the written examination of any course may apply for permission to present themselves at a supplementary examination of the same course to be held before the beginning of the following academic year.
ECON Public Economics 6 credits This course covers the positive and normative analyses of the public sector in relation to efficiency and equity.
The curriculum shall normally extend over two academic years of part-time study, or one academic year of full-time study. While theory will be covered, our focus is in applications. Econ6033 case 3 shall consist Econ6033 case 3 one or more written papers or their equivalent, and may include a project report.
Topics include pattern of trade, comparative advantage, gains from trade, trade policy, strategic trade theories and policy, factor mobility, multilateral trade agreements, and foreign direct investment. It provides a better understanding of the making of public policy under asymmetric information and limited commitment, and the role of incentives in public administration.
Examples are drawn from local and international contexts. ECON Economic Forecasting 6 credits This course introduces basic techniques of forecasting, based on economic and structural time series models.
In the part on choice theory, utility maximization and profit maximization problems together with corresponding dual problems are considered. Admission requirements ME 1. Optimal value functions are studied and used to perform comparative static analysis.
Only passed courses will earn credits. The degree of Master of Economics is a postgraduate degree awarded for the satisfactory completion of a prescribed course of study in economics with emphasis on the analysis of real world economic problems. Candidates who have failed a total of more than two examinations or re-examinations during the entire period of study of the curriculum or who are not permitted to submit a new or revised dissertation shall be recommended for discontinuation under the provisions of General Regulations GFaculty of Business and Economics Postgraduate Courses Examination Time Table for the Second Semester of (As at May 08, ).
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