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- Frequently Asked Questions | Columbia | Economics
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- Economics A-Z terms beginning with T
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An introduction to the theory and practice of econometric methods, focusing on regression analysis and its application to economic situations.
This module will pay particular attention to the principles of estimation and inference in the multiple regression model, and will rely on illustrations and intuition to develop understanding of the techniques and their interpretation. You will deepen your understanding of the material covered in class via a series of 'hands-on' computer classes using specialist econometric software STATA and a set of tutorials that will review worked examples. The module continues on from Applied Econometrics 1, but moves the attention away from cross-section analysis of continuous dependent variables towards a time series analysis, b cross-section regressions with binary dependent variables, and c panel data analysis.
In part a , lectures cover dynamic models, serial correlation, forecasting and co integration; part b studies the linear probability model, as well as logit and probit regressions; part c introduces basic panel econometrics covering the fixed effects and random effects models. You will enhance your understanding of the material covered in the lectures via hands-on computer classes using Stata and in tutorials covering worked examples.
This module is a general introduction to the economic problems of developing countries. The module will cover such topics as:.https://www.hiphopenation.com/mu-plugins/george/cs-go-matchmaking-lag.php
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This module provides a foundation in behavioural economics and the role of experimental methods in economics. The traditional approach in economics is to explain market outcomes and economic decision-making using simple theoretical models based on perfectly rational, self-interested agents who maximise their well-being by carefully weighing up the costs and benefits of different alternatives.
Behavioural economics, on the other hand, aspires to relax these stringent assumptions and develop an understanding of how real people actually make decisions. The module will introduce you to behavioural and experimental economics, discuss these fields from a methodological perspective and examine several areas of economic analysis in which they are applied. This will include individual choice under risk and uncertainty, decision-making in strategic situations and competition in markets.
This module provides an advanced economic analysis of the theory of organisation of firms and industries. It will analyse a variety of market structures related to the degree of market competition with a special emphasis on imperfectly competitive markets.
This is the minimum score you can get on CFA Level 1, and still pass
It will also analyse issues related to the internal organisation of firms. This module is an introduction to international trade theory and policy. It covers the core trade theories under perfect and imperfect competition and applies them to understanding the pattern of trade, gains from trade and modern topics like foreign outsourcing. On the policy side, it examines the effects of different government trade policy instruments and the role of international trade agreements. This module provides an introduction to the economics of the labour market. We will look at some basic theories of how labour markets work and examine evidence to see how well these theories explain the facts.
Particular attention will be given to the relationship between the theory, empirical evidence and government policy. The module will refer especially to the UK labour market, but reference will also be made to other developed economies. This course will provide a foundation for the monetary economics modules in the third year and is a complement to financial economics for the second and third years.
It will cover topics such as the definitions and role of money, portfolio choice, financial markets and banks, central banks and monetary policy, and the monetary transmission mechanism. Under these headings the module will address issues of theory, policy and practice relating to recent experience in the UK and other countries. The module will feature some current debates and controversies based on recent events.
In your final year you will examine the major themes in economics at an advanced level and build on the topics covered in previous years. You will select modules that interest you from a wide range of specialist options that reflect our research expertise in both theoretical and applied aspects of the discipline. Under the guidance of your tutor, you will also undertake a year-long dissertation on a topic of your choice and will gain experience of the research process.
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An independent research project, involving the application of techniques of economic analysis to a self-chosen research topic and the presentation of a written report. There will be lectures to provide general guidance on economic research methods and writing an undergraduate dissertation in economics. This module adopts a broad focus on factors influencing growth and development, concentrating on core economic policy areas and the role of international organisations.
Topics covered include macroeconomic policies, in particular exchange rates and the role of the IMF; aid policy and the World Bank, effects of aid on growth, macroeconomic and fiscal policy, and poverty; trade policy and performance and the WTO; economic reforms and growth experiences in East Asia, China and Africa; human development and the UN Sustainable Development Goals. In the first part of the module, we study large sample, or asymptotic, theory.
Economics A-Z terms beginning with T
This is needed in order to obtain tractable results about the behaviour of estimators and tests when the standard modelling assumptions - which frequently cannot be verified in practice - are relaxed. The second part of the module continues the time series analysis taken in Econometric Theory II, with the emphasis on the behaviour of typical economic time series, and the implications of that behaviour in practical analysis, such as the construction of models linking economic time series.
The key issues addressed will be the identification of non-stationarity through the construction of formal tests and the implications for modelling with non-stationary data. Particular attention will be paid to the contributions of Sir Clive Granger to the spurious regression problem and to cointegration analysis, for which he was ultimately awarded the Nobel Prize.
This module discusses aspects of some of the main sub-areas of experimental and behavioural economics. This includes applications related to individual decision-making, strategic behaviour and market behaviour. Both experimental economics and behavioural economics are still comparatively new fields within the wider discipline. The module considers their potential and main achievements, relative to more traditional economic techniques. It encourages development of critical skills and reflection on specific research contributions in experimental and behavioural economics.
This module looks at trade policy economic policy for trade and international factor mobility: theory and evidence, trade policy and imperfect competition, trade and distortions, the political economy of protection and trade policy reform. The module covers an economic analysis of the labour market, with an emphasis on policy implications and institutional arrangements. The module is intended to provide an introduction to mathematical techniques used in economics.
In particular, examples of economic issues that can be analysed using mathematical models will be discussed in detail. Particular attention will be given to providing an intuitive understanding of the logic behind the formal results presented. The module will cover topics in advanced microeconomics and decision theory. The precise content may vary from year to year, but the module will start from the basis established by the Microeconomic Theory module.
This course provides a rigorous introduction to formal models of money in the macroeconomy.
Following this, applications for areas of central banking, finance and international macroeconomics will be explored. The module will introduce some major themes of the economic analysis of government. Using the tools of modern microeconomic theory, it will explore how government institutions are designed, how they could be designed better, and how they shape economic policy. This module will introduce you to economic policy analysis.
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The first part of the module will focus on the role played by different institutional rules in shaping the behaviour of elected governments by providing incentives to elected governments. The second part will cover post-crisis monetary policy; controlling money markets with excess reserves; spillovers of QE; effects of QE on asset and credit markets; low real equilibrium interest rates; uncertainty in monetary policy.
This module will provide an introduction to international monetary issues, including the determination of exchange rates and international spill-over effects. At Nottingham you will acquire a range of economic-specific and transferable skills, enabling you to enter careers in government, international agencies, private sector organisations and education. Our graduates opt for a wide variety of careers , including investment banking, accountancy, tax consultancy, working in government offices, auditing, derivatives trading, management consultancy, mergers and acquisitions, and many more.
Many go into finance, banking, business consultancy or accountancy. Salaries are calculated based on the median of those in full-time paid employment within the UK. Studying for a degree at the University of Nottingham will provide you with the type of skills and experiences that will prove invaluable in any career, whichever direction you decide to take.
Throughout your time with us, our Careers and Employability Service can work with you to improve your employability skills even further; assisting with job or course applications, searching for appropriate work experience placements and hosting events to bring you closer to a wide range of prospective employers. Have a look at our careers page for an overview of all the employability support and opportunities that we provide to current students. As a student on this course, you should factor some additional costs into your budget, alongside your tuition fees and living expenses.
The University of Nottingham offers a wide range of bursaries and scholarships. These funds can provide you with an additional source of non-repayable financial help. For up to date information regarding tuition fees, visit our fees and finance pages.