Advanced Economic Analysis: Econ 606
Ph.D. Business Administration The course covers micro and macroeconomic issues at an advanced level. The aim of this course id to introduce students to advanced topics of economic analysis which are in widespread use and develop the basis for an informed perspective on economic theory and its application. The course content varies from year to year, but examples of micro topics include advanced treatment of demand analysis, consumer theory, theories of the firm, and market structures. Examples of macro theory include: growth theory plus other relevant topics. It is hoped that the course will help to make a foundation for the student which will enable the student better to undertake the tasks of critique of existing theory and construction of alternatives. It is intended to present ideas, techniques and criticisms at a level of sophistication suitable for Ph.D. students aiming ultimately to conduct independent research.
Course Main Objectives:
After the ending of this course, the students will become familiar with an essential and advanced level of understandings in economics taught in the curricula of most economics programs at the Ph.D. level. Students aiming to conduct independent research and to interact with peers will develop an understanding of ideas and techniques at advanced level. Students will demonstrate their familiarity with standard micro and macroeconomic theory, while considering in greater depth a specific topic. Finally, class participation will also allow students to display their level of engagement with the material and to be credited for that, while gaining familiarity with the active use of the concepts of the course.
Students will be expected to demonstrate their abilities and apply the techniques which are in widespread use in Ph.D. programs in order to solve various problems found in the body of advanced standard micro and macroeconomics.
Course Learning Outcomes
On successful completion of this course, students will be expected to demonstrate their abilities to:
- Recognize the concepts of advanced micro and macroeconomic theory.
- State micro and macroeconomic theory for advanced analysis.
- Design advanced micro and macroeconomic models appropriate for advanced economic analysis.
- Develop suitable economic concept related to micro and macroeconomics
- Assess the economic problem through advanced micro and macroeconomic theory.
- Demonstrate great knowledge in dealing with advanced micro and macroeconomic theory.
- Demonstrate the virtue of teamwork in examining advanced economic issues.
- Justify the argument through advanced economic reasoning.
- Create collaborative research environment.