Economics - BSc (Hons)

University of Dundee

The Macroeconomics component provides an overview of the functioning of the macro-economy in a global context and an understanding of the key policy issues and debates facing the U.K. The Business Statistics component of the module introduces a small range of statistical procedures and shows their importance in the study of business and economics.

This module covers the micro aspects of the economy by focusing, initially, on the basic theories of consumer and firm behaviour that form the basis for the derivation and analysis of the market demand and supply in various settings. The module then examines these settings by looking more closely at the market structure.

This module follows on from the techniques studied in Principles of Econometrics to examine how these techniques can be expanded and applied to real world data.

This module furthers the study of macroeconomics and is analytical in character. The module focuses on the theoretical determinants of macroeconomic growth, and on the working of the macro-economy with particular emphasis on the role of government stabilisation policies in affecting the macroeconomic equilibrium. The module will enable you to use the relevant analytical tools to explain the short and long-run functioning of the macroeconomic models. You will be able to critically assess the policy implications of the analytical models and to clearly identify the role played by the underlying assumptions.

This module provides the foundations for the further study of economics and is analytical in character. The focus is upon the inter-relationship between three fundamental ideas: (a) marginal analysis as the basis of decision making; (b) notions of equilibrium; (c) optimisation subject to constraints. It will also will provide a firm foundation in economic analysis while applying this to a specifically business related context. This module focuses on the economic behaviour of firms and will consider the nature of strategic choice by the firm and examine alternative models of firm behaviour.

The module provides an introduction to the theory of statistical inference and the application of regression analysis in applied economics. By the end of the module you should have a sound understanding of basic econometric principles and the practical skills to estimate simple economic relationships in a competent manner.

The aim of the module is to consider the use of macroeconomic principles to design, guide and interpret various aspects of macroeconomic policies within a contemporary context. The module will inform students about macroeconomic policy from the perspective of the macroeconomic principles developed in the core modules of their programmes. The module also aims to lead students to an understanding of how the political process interacts with macroeconomic theory and macroeconomic policy in practice.

This module focuses on situations in which markets are distorted, examines how such distortions might induce policy effectiveness, and compares the outcomes with those from traditional Keynesian and Monetarist models.

The module considers the use of economic principles to design, guide and interpret various aspects of economic and social policy. You may expect to gain an appreciation of such contemporary issues as the sustainability of the welfare state and the changing boundaries between the public and private sectors.

This module covers recent theoretical developments in economic modelling and their implications for economic policy. The microeconomics section mainly deals with the consequences of strategic behaviour by economic agents in imperfect markets where some buyers or sellers may have specific market power.