Economic Decision Making
Module code: ECON 2545
The module will provide an applied framework for economists to understand economic decision making in a context of the formation of expectatives and forecasting. The module will follow a topic based approach to applying the techniques to areas of study such as, Economics, Environmental Economics, Macro, Micro, Capital Markets, and Financial Economics. The content also cover an Introduction to Bloomberg in the Trading room (Labs). This will allow the techniques to be contextualised to applied economics.
The module will develop within the learner a broad range of transferable skills which will be applicable to Public and Private sector decision making.
The objective of the module is to equip students with the skills to:
- Evaluate economic investment decisions using cost/benefit techniques
- Critically interprets the concept of marginal analysis and shadow pricing use in economics
- Develop decision making skills applicable to public and private sector economics
- Develop understanding of inter-temporal decision making
- Examine and formulate economic constraints and modelling approaches for applied scenarios
Contact hours per student per year
- Lectures: 22 hours
- Tutorials: 8 hours
- Individual presentation (15 mins): 50%
- Exam (60 mins): 50%
Additional costs: No extra costs other than purchase of books