Economics 1A ECON1001 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 1 (SCQF level 7) When Taught:

Semester One

Short Description Economics 1A and 1B teach the basic principles of economics. Economics 1A focuses on microeconomics and examines the price system, resource allocations and the advantages and limitations of the market system.

Timetable Lectures: Mondays, Tuesdays, Thursdays (and occasionally Wednesday) 2.00-3.00pm and 5.00-6.00pm. Tutorials are held at various times and can be selected on MyCampus. Please note the following: the 5pm lecture is a repeat of the 2pm lecture due to space constraints. The 5pm lecture is also arranged on the basis that the level of attendance at lectures requires this. In other words, if lecture attendance begins to fall, the 5pm lecture will be cancelled and all students will attend the 2pm lecture.

Requirements of Entry There are no pre-requisites for this course.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: December

Economics 1B ECON1002 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 1 (SCQF level 7)

When Taught: Semester Two

Short Description This course follows on from Economics 1A in teaching the basic principles of economics. Its focus is on macroeconomics, and is concerned with levels of output, employment, interest rates and money supply in the national economy as a whole.

Timetable Lectures: Mondays, Tuesdays, Thursdays (and occasionally Wednesday) 2.00-3.00pm and 5.00-6.00pm. Tutorials are held at various times and can be selected on MyCampus. Please note the following: the 5pm lecture is a repeat of the 2pm lecture due to space constraints. The 5pm lecture is also organised on the basis that the level of attendance at lectures requires this. In other words, if lecture attendance begins to fall, the 5pm lecture will be cancelled and all students will attend the 2pm lecture.

Requirements of Entry Normally completion of Economics 1A.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Microeconomics E1 ECON1003 Academic Session: 2011-12 School: Business School Credits: 10 Level: Level 1 (SCQF level 7) When Taught: Semester Two

Short Description

This course explains and applies the basic analytical frameworks and techniques used to evaluate the economic viability of engineering and other related projects. Discounted cash flow (DCF) based techniques represent the core elements of this course and are applied initially to private sector decisions and subsequently to the public sector in the form of Cost Benefit Analysis (CBA) where the objective of the latter is the promotion of social welfare as opposed to private profitability. The lecture course is complemented by a programme of tutorials which provide an opportunity to apply the techniques to a range of numerically based problems.

Timetable Lectures (twice weekly): Wednesdays and Thursdays, 10.00 - 11.00 am Tutorials are held at various times and can be selected on MyCampus.

Requirements of Entry There are no pre-requisites for this course.

Assessment Degree examination (100%)

Main Assessment In: April/May

Economics 2A ECON2001 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 2 (SCQF level 8) When Taught: Semester One

Short Description This is an intermediate Microeconomics course whose students are largely drawn from those wishing to prepare for Honours in Economics. The course comprises intermediate Microeconomics and Introductory Mathematical Economics.

Timetable Lectures: Monday, Tuesday, Thursday and Friday 1.00 - 2.00 pm. Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Normally a grade D or above in both Economics 1A and Economics 1B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: December

Economics 2B ECON2002 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 2 (SCQF level 8) When Taught: Semester Two

Short Description This is an intermediate Macroeconomics course whose students are largely drawn from those wishing to prepare for Honours in Economics. The course comprises intermediate Macroeconomics and Economic Data Analysis.

Timetable Lectures: Monday, Tuesday, Thursday and Friday 1.00 - 2.00 pm. Tutorials and seminars are held at various times and can be selected on MyCampus

Requirements of Entry

Normally a grade D or above in both Economics 1A and Economics 1B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: Development And Policy In Less Developed Countries ECON3012 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester Two

Short Description The main aims of this course are to survey the principal problems of less developed countries; analyse these problems from an economic standpoint and demonstrate the relevance of a coherent analytical framework in understanding the process whereby economic development might be furthered, with an emphasis on the process of transition from less developed to developed status.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session.

Requirements of Entry Normally a grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: Environmental Economics ECON3001 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester One

Short Description The main aims of this course are to identify and analyse the key issues confronting economies and economists in attempting to reconcile economic growth with environmental and ecological constraints and demonstrate the use of economic theory in analysing contemporary environmental issues and in the formulation of policy.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session. Lectures: Tuesdays 10.00 - 12.00noon.

Requirements of Entry Normally grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: For. Dir. Invest. & Multinnl Firms In Developing Countries ECON3002 Academic Session: 2011-12 School: Business School

Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester Two

Short Description The aim of this course is to provide students with an up-to-date knowledge on a major dimension of international economics: foreign direct investment (FDI).

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session.

Requirements of Entry Normally grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: Growth, Finance And Trade In Less Developed Countries ECON3003 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester One

Short Description This course surveys some of the principal problems of less developed countries and analyzes these from an economic standpoint. The course attempts to show the relevance of a coherent analytical framework in understanding the process of economic development, with an emphasis on transition from less developed to developed status.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session. Lectures: Mondays 4.00 - 6.00pm.

Requirements of Entry Normally grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%).

Main Assessment In: April/May

Economics 3: International Finance ECON3004 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester Two

Short Description The main aims of this course are to present an analysis of how the international economy works, in terms of capital movements; show how techniques of both macroeconomic and microeconomic analysis can be deployed in the context of an open economy and to set out a coherent framework within which open economy macroeconomic policy, and exchange rate policy can be analysed.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session.

Lectures: Thursdays 11.00 -1.00pm

Requirements of Entry Normally a grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: International Trade ECON3005 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester One

Short Description The main aims of this course are to present real world policy problems within a coherent theoretical framework; present an analysis of how the international economy works in terms of trade and set out a coherent framework within which trade policy can be analysed.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session. Lectures: Tuesdays 4.00 - 6.00pm

Requirements of Entry Normally a grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: Natural Resource Economics ECON3006 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester Two

Short Description The main aim of this course is to familiarise students with the differing categories of natural resources and the economic theory associated with their optimal use. The general context is that of the 'sustainable development/ carrying capacity' debate and the potential constraints that natural resource availability may pose to the processes of economic development.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session. Lectures: Tuesdays 10.00 - 12.00noon

Requirements of Entry Normally a grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and a 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: Regional Economics And The Scottish Economy 1 ECON3007 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester One

Short Description The main aims of this course to enhance students' analytical and intellectual skills and personal development through the study of regional economics; to develop students' capacity for self-motivated learning, problem solving and group-working through the application of theoretical approaches to real world problems; to equip students for further study in regional economics or regional development and/or employment in related occupations.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session. Lectures: Wednesdays 11.00 - 1.00pm

Requirements of Entry Normally a grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: Regional Economics And The Scottish Economy 2 ECON3008 Academic Session: 2011-12 School: Business School Credits: 15

Level: Level 3 (SCQF level 9) When Taught: Semester Two

Short Description The main aims of this course are to enhance students' analytical and intellectual skills and personal development through the study of regional economics; to develop students' capacity for self-motivated learning, problem solving and group-working through the application of policy to real world problems and to equip students for further study in regional economics or regional development and/or employment in related occupations.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session. Lectures: Wednesdays 11.00 - 1.00 pm.

Requirements of Entry Normally a grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: The Economics Of Housing ECON3009 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester One

Short Description

The main aims of this course are to expose students to modern debates in economic theory in the field of housing economics; allow students to develop skills in manipulating basic economic models and allow students to develop skills in understanding primary data and to analyse and utilise large secondary data sets. By the end of this course, students should be able to: analyse critically the central debates surrounding the microeconomic study of housing markets; evaluate the contribution of economics to non-market provision of housing and explain the macroeconomic role of housing and mortgage finance.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Lectures: Fridays 10.00 - 12.00noon

Requirements of Entry Normally a grade D or above in Economics 2A and 2B

Assessment Summative assessment comprises coursework (25%) and a 2-hour degree examination (75%)

Main Assessment In: April/May

Economics 3: The Economics Of Team Sport ECON3010 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 3 (SCQF level 9) When Taught: Semester Two

Short Description The main aims of this course are to expose students to modern economic debates in the field of sports economics; enable students to develop skills in applying economic analysis to the sports industry and to sports policy; and enable students to contribute to debates about the economics of sport from an applied economics perspective.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Level 3 courses available in the current session. Lectures: Day and time to be confirmed

Requirements of Entry Normally a grade D or above in Economics 2A and 2B.

Assessment Coursework (25%) and 2-hour degree examination (75%)

Main Assessment In: April/May

Advanced Macroeconomics 1 ECON4040 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description With the ultimate aim of understanding the causes and consequences of fluctuations in macroeconomic activity, this course sets out the micro-foundations of modern macroeconomic theory by analyzing the optimizing choices of households, firms and the government in the markets for goods, labour, capital and public bonds. This is achieved in a general equilibrium framework by examining the interaction in all markets simultaneously.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Lectures: Tuesdays: 9.00 - 11.00am

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject. Completion of Microeconomic Analysis and Macroeconomic Analysis in year 3 is also required.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Advanced Macroeconomics 2: Fluctuations, Unemployment And Inflation ECON4002 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description The aims of this course are to review the New Classical and examine the New Keynesian approaches to economic fluctuations and their prescriptions for economic policy; explore the current thinking about unemployment and policies to promote full employment; analyse why inflation has become such a central issue in fixing economic policies, what are, nowadays, the objectives of monetary policy and how this policy is being set; analyse the issues raised and the policy implications of the models studied; and contribute to the theoretical debate in these fields.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Tuesdays: 10.00 - 12.00noon

Requirements of Entry

Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

BUSINESS ECONOMICS 3H (COMBINED) ECON4041 Academic Session: 2011-12 School: Business School Credits: 60 Level: Level 4 (SCQF level 10) When Taught: Runs Throughout Semesters One and Two

Short Description We aim to develop in students an appreciation of the scope of economics and its relevance to a wide range of issues, including social, political and other issues of public concern; develop students' knowledge and understanding of economic concepts, approaches and analytical methods; equip students to apply knowledge and skills to the solution of theoretical and applied problems in economics; relate the academic study of economics to problems of economic policy and issues of public concern; create a learning environment that is receptive to the needs and views of students and encourages them to achieve their full potential; develop students' facility with a range of key cognitive and social skills, through the study of economics, that are relevant to intellectual and personal development and of value in employment and self-employment; provide students with a knowledge and skill base from which they can proceed to further studies in economics and related areas or in multidisciplinary areas that involve economics.

Timetable 3H: Mondays 10.00 am-12.00 noon in Semester 1 and 2. 4H: Thursdays, 2.00 pm-4.00 pm. 3H/4H: other times to be arranged, depending on elective courses taken.

Requirements of Entry

Grade C or better in Economics 2A and 2B.

Assessment Generally, in-course exams or coursework (30%) and 2-hour, unseen examinations (70%)

Main Assessment In: April/May

BUSINESS ECONOMICS 3H (SINGLE) ECON4042 Academic Session: 2011-12 School: Business School Credits: 120 Level: Level 4 (SCQF level 10) When Taught: Runs Throughout Semesters One and Two

Short Description To develop in students an appreciation of the scope of economics and its relevance to a wide range of issues, including social, political and other issues of public concern; to develop students' knowledge and understanding of economic concepts, approaches and analytical methods with core emphasis on microeconomic and macroeconomic analysis, econometrics and the study of the modern corporation and the markets and environment in which it operates; to equip students to apply knowledge and skills to the solution of theoretical and applied problems in economics; to relate the academic study of economics to problems of economic policy and issues of public concern; to create a learning environment that is receptive to the needs and views of students and encourages them to achieve their full potential; to develop students' facility with a range of key cognitive and social skills, through the study of economics, that are relevant to intellectual and personal development and of value in employment and selfemployment; to provide students with a knowledge and skill base from which they can proceed to further studies in economics and related areas or in multidisciplinary areas that involve economics.

Timetable 3H: Monday and Tuesdays, 2.00 pm-4.00 pm in semester 1 and 2. Mondays 10.00 am-12.00 noon in Semester 1 and 2. 4H: Mondays, 2.00pm-4.00 pm and Thursdays, 2.00 pm-4.00 pm. 3H/4H: other times to be arranged, depending on elective courses taken.

Requirements of Entry

Grade C or better in Economics 2A and 2B.

Assessment Generally, in-course exam or coursework (30%) and 2-hour, unseen examination (70%)

Main Assessment In: April/May

BUSINESS ECONOMICS 4H (COMBINED) ECON4043 Academic Session: 2011-12 School: Business School Credits: 60 Level: Level 4 (SCQF level 10) When Taught: Runs Throughout Semesters One and Two

Short Description We aim to develop in students an appreciation of the scope of economics and its relevance to a wide range of issues, including social, political and other issues of public concern; develop students' knowledge and understanding of economic concepts, approaches and analytical methods; equip students to apply knowledge and skills to the solution of theoretical and applied problems in economics; relate the academic study of economics to problems of economic policy and issues of public concern; create a learning environment that is receptive to the needs and views of students and encourages them to achieve their full potential; develop students' facility with a range of key cognitive and social skills, through the study of economics, that are relevant to intellectual and personal development and of value in employment and self-employment; provide students with a knowledge and skill base from which they can proceed to further studies in economics and related areas or in multidisciplinary areas that involve economics.

Timetable 3H: Mondays 10.00 am-12.00 noon in Semester 1 and 2. 4H: Thursdays, 2.00 pm-4.00 pm. 3H/4H: other times to be arranged, depending on elective courses taken.

Requirements of Entry Grade C or better in Economics 2A and 2B.

Assessment Generally, in-course exams or coursework (30%) and 2-hour, unseen examinations (70%)

Main Assessment In: April/May

BUSINESS ECONOMICS 4H (SINGLE) ECON4044 Academic Session: 2011-12 School: Business School Credits: 120 Level: Level 4 (SCQF level 10) When Taught: Runs Throughout Semesters One and Two

Short Description To develop in students an appreciation of the scope of economics and its relevance to a wide range of issues, including social, political and other issues of public concern; to develop students' knowledge and understanding of economic concepts, approaches and analytical methods with core emphasis on microeconomic and macroeconomic analysis, econometrics and the study of the modern corporation and the markets and environment in which it operates; to equip students to apply knowledge and skills to the solution of theoretical and applied problems in economics; to relate the academic study of economics to problems of economic policy and issues of public concern; to create a learning environment that is receptive to the needs and views of students and encourages them to achieve their full potential; to develop students' facility with a range of key cognitive and social skills, through the study of economics, that are relevant to intellectual and personal development and of value in employment and selfemployment; to provide students with a knowledge and skill base from which they can proceed to further studies in economics and related areas or in multidisciplinary areas that involve economics.

Timetable 3H: Monday and Tuesdays, 2.00 pm-4.00 pm in semester 1 and 2. Mondays 10.00 am-12.00 noon in Semester 1 and 2. 4H: Mondays, 2.00pm-4.00 pm and Thursdays, 2.00 pm-4.00 pm. 3H/4H: other times to be arranged, depending on elective courses taken.

Requirements of Entry Grade C or better in Economics 2A and 2B.

Assessment Generally, in-course exam or coursework (30%) and 2-hour, unseen examination (70%)

Main Assessment In: April/May

Contemporary Issues in Inequality ECON4032 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description This course will explore the definition, measurement, causes and consequences of inequality in developed countries.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Lectures: Fridays 10.00 - 12.00noon

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Econometrics 1: Basic Statistics And Simple Linear Regression ECON4003 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description The main aims of this course are to build upon the foundation provided by the Data Analysis component of Economics 2B by providing an introduction to the fundamental theoretical concepts and applications of statistics as they relate to the simple linear regression model. The course discusses random variables; probability distributions of random variables e.g. normal, chi-square, t and F; the bi-variate regression model; desirable properties of an estimator i.e. unbiasedness, consistency; and efficiency, and the Gauss-Markov conditions.

Timetable Lectures: Tuesday 2.00 - 4.00pm Other: 4 hours tutor-led problem solving sessions (4 x 1 hour) and 6 hours tutor-led computing sessions (4 x 1.5 hour)

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Econometrics 2: Multiple Regression And Applications ECON4004 Academic Session: 2011-12

School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description The main aims of this course are to build upon the foundation provided by Econometrics 1 by providing an introduction to the fundamental theoretical concepts and applications of the multiple linear regression model. The course will extend the bi-variate regression model to a multivariate context; examine the implications for the ordinary least squares estimator when the Gauss-Markov (GM) conditions do not hold; test for violations of GM conditions; and develop alternative estimators when GM conditions do not hold.

Timetable Lectures: Tuesday 2.00 - 4.00pm Other: 4 hours tutor-led problem solving sessions (4 x 1 hour) and 6 hours tutor-led computing sessions (4 x 1.5 hour)

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject. You must also complete Econometrics 1: Basic Statistics and Simple Linear Regression

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Economics Dissertation ECON4006P Academic Session: 2011-12 School: Business School Credits: 30 Level: Level 4 (SCQF level 10) When Taught: Runs Throughout Semesters One and Two

Short Description The dissertation is unique in that all the other elements of the programmes are taught courses. The dissertation is a piece of independent work. It is compulsory for all Honours students. Joint Honours students can choose to undertake a dissertation in Economics or their other subject. The main aim of the dissertation is to convey the importance of research activity in extending knowledge of the discipline of economics and to provide guidance, supervision and support for students embarking on an independent piece of research-focused work.

Timetable There are no timetabled sessions. Meetings between students and supervisors are arranged to suit both parties.

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Dissertation not exceeding 10,000 words submitted on the first Wednesday of March in the Senior Honours year

Main Assessment In: April/May

Economics Of Business 1: Contracts And Governance ECON4007 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description The main aims of this course are to present an analysis, using the approach and techniques of modern economics, of the co-ordination and motivation problems that arise due to increasing specialization, and the potential solutions to these problems in the form of various types of contracts and governance structures.

Timetable Lectures: Monday 10.00 - 12.00noon Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Economics Of Business 2: Regulation And Business Strategy ECON4008 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description This course aims to present and discuss the economic theory of the regulation of natural monopolies, and to explain and analyse the economist's approach to business strategy.

Timetable Lectures: Monday 10.00 - 12.00noon. Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Economics Of Development And Policy In Less Developed Countries ECON4026 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description The main aims of this course are to survey some of the principal problems of less developed countries, and analyse these from an economic standpoint. The course attempts to show the relevance of a coherent analytical framework in understanding the process of economic development, with an emphasis on transition from less developed to developed status.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session.

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject

Assessment

Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Economics Of Industry 1: Basic Theories Of Market Structures ECON4009 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description This course reviews the basic theories of market structure with focus on market power and real-life applications. We will study a range of price and non-price strategies (such as advertising) adopted by firms and the implied market power.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Wednesdays: 10.00- 12.00noon.

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Economics Of Industry 2: Advanced Topics ECON4010 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description This course builds on the basic theories of market structures course and extends the analysis to more complex setups where strategic entry/exit and research and development are allowed. We will study the most modern forms of markets such as network markets and auctions.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Wednesdays: 10.00 - 12.00 noon.

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject. In addition, completion of either Economics of Industry 1 or Microeconomic Analysis is required.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Environmental Economics ECON4011 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10)

When Taught: Semester One

Short Description The main aims of this course are to identify and analyse the key issues confronting economies and economists in attempting to reconcile economic growth with environmental and ecological constraints, and to demonstrate the use of economic theory in analysing some contemporary environmental issues.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Tuesdays: 10.00 - 12.00noon.

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Financial Markets And Asset Pricing ECON4012 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description This course aims to: provide an introduction to stock and bond markets and the assets traded on them; show how the behaviour of asset prices and returns can be analysed using various statistical and theoretical approaches; develop

students' capacity to analyse complex processes and relationships in financial markets and familiarise students with numerical and computational skills appropriate for analysing asset prices and returns.

Timetable Lectures: Thursdays 2.00 - 4.00pm Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Financial Markets And Corporate Finance ECON4013 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description The first part (lectures 1-6) discusses mergers and acquisitions, the Capital Asset Pricing Model (CAPM) and multifactor models and arbitrage pricing theory. The second part (lectures 7-12) analyses the key concept of the Efficient Markets Hypothesis (EMH) and explains the basic concepts that underlie dividend policy choice and the capital structure decisions of the firms. This analysis is necessary in order to assess how much compensation should shareholders receive and whether the choice of debt to equity mix matters. Furthermore, we explain the sources and patterns of corporate financing and present an overview of the process involved in raising capital. In the third part (lectures 13-16) published papers related to corporate financing and in particular, firms' real decisions under capital market imperfections are presented and discussed. The fourth part (lectures 17-19) focuses on the role of the financial system. We provide an overview of the UK and the international financial market, how they operate and the

issues of financial innovation and regulation in these markets. Finally, in lecture 20 we revise the key points of the course.

Timetable Lectures: Thursday 2.00 - 4.00pm Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Foreign Direct Investment And Multinational Firms In Developing Countries ECON4014 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description The aim of this course is to provide students with an up-to-date knowledge on a major dimension of international economics: foreign direct investment (FDI). The first part of the course defines FDI and multinational firms, and explains why firms become multinationals, and how the latter organise their production. The second part of the course analyses the FDI attractiveness of host countries and investigates the potential positive and negative impacts of FDI in the host country and in the home country. Since attracting FDI is considered a development priority by developing countries, as they wish to benefit from the growth opportunities that accompany these capital flows, this course emphasises the key issues of FDI in developing countries.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session.

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Government & The Economy ECON4015 Academic Session: 2011-12 School: Business School Credits: 30 Level: Level 4 (SCQF level 10) When Taught: Runs Throughout Semesters One and Two

Short Description This course is designed to apply core economic theory and economic reasoning to the analysis of topical issues in economic policy. The lectures will contain discussions and reflections on government policy and assess the performance of the UK and other economies. The topics discussed may change from year to year to reflect staff interests, however, students will be given a thorough grasp of contemporary issues in economic policy, including issues such as fiscal policy and monetary policy, regulation of industry, environmental policy and the role of public and private partnership in supplying output for the public sector.

Timetable Lectures: Monday 4.00 - 6.00 pm Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject. In addition, completion of Microeconomic Analysis: Games and Industry and Macroeconomic Analysis: Inflation, Unemployment and Growth is normally required.

Assessment Summative assessment comprises coursework (50%) and a 2-hour degree examination (50%)

Main Assessment In: April/May

Government Debt and the Macroeconomy ECON4033 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description This course seeks to explore both the causes and consequences of the high levels of government debt observed in many developed economies in recent years.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Lectures: Thursdays 10.00 - 12.00noon

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Growth, Finance And Trade In Less Developed Countries ECON4016 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description This course surveys some of the principal problems of less developed countries and analyzes these from an economic standpoint. The course attempts to show the relevance of a coherent analytical framework in understanding the process of economic development, with an emphasis on transition from less developed to developed status.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Mondays: 4.00 - 6.00pm

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

International Finance ECON4017 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description Students are provided with an introduction to international finance in this course. We begin with an examination of the Balance of Payments. Next, open economy macro models are discussed in addition to models of exchange rate determination. We also examine whether exchange rate models are consistent with actual exchange rate data. Finally, we consider the relative efficacy of fixed versus flexible exchange rate regimes. Students should take this course because it gives them a good understanding of key issues in open economy macroeconomics and provides them with the necessary tools to discuss related policy issues.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Thursday: 11.00 - 1.00pm

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

International Money And Finance ECON4028 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 4 (SCQF level 10) When Taught: Semester One

Course Aims * To present an analysis of international money and finance, in terms of capital movements, exchange rates and currency markets. * To show how techniques of both macroeconomic and microeconomic policy analysis can be deployed in the context of an open economy. * To set out a coherent framework within which open economy macroeconomic policy, and exchange rate policy can be analysed.

Timetable Two hour lectures, comprising ten consecutive weeks in Semester 1, plus five one-hour seminars, 175 hours of private study.

Assessment One essay (2000 words maximum), to be submitted in the sixth week of teaching. Weight in overall assessment, 25%. One 2-hour end-of-course exam, weight, 75%.

International Trade ECON4018 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description This course provides students with a basic foundation in international trade. The first part of the course deals with trade issues assuming perfectly competitive markets, before going on to consider trade models that assume

imperfect competition. Students will consequently be able to analyse current issues in international trade, including trade policy, with reference to different trade paradigms. The final part of this course examines issues related to economic geography. Students should take this course since it provides them with an exposition of key issues in international trade and related policy issues.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Lectures: Tuesdays 4.00-6.00pm

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Macroeconomic Analysis: Inflation, Unemployment And Growth ECON4019 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description This course aims to give students a thorough grounding in undergraduate macroeconomic theory and includes theories of inflation and unemployment as outlined in the New Classical and New Keynesian Models. In addition, the course will contain coverage of long run growth theory (including the Solow Model and the AK Model), business cycle theory and the link between the two.

Timetable Lectures: Monday 2.00 - 4.00pm Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject. Completion of Microeconomic Analysis: Games and Industry is also required.

Assessment Coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Microeconomic Analysis: Games And Industry ECON4020 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description This course aims to give students a thorough grounding in undergraduate microeconomic theory. Students will first be given an introduction to game theoretic analysis. This consists of two parts. First, we will study the basic elements of a game and its solutions (such as Nash Equilibrium and Subgame Perfect Equilibrium). We will then apply these tools to real-life examples (including over-exploitation of natural resources, bargaining and auctions). This will be followed by an introduction to industrial economics which will cover, among other things, oligopoly, entry deterrence, pricing strategy, auctions and competition policy.

Timetable Lectures: Monday 2.00 - 4.00pm

Tutorials are held at various times and can be selected on MyCampus

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Natural Resource Economics ECON4021 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description This course aims to familiarise students with the differing categories of natural resources and an explanation and critique of the economic theory associated with their optimal use. The general context is that of the 'sustainable development /carrying capacity' debate and the potential constraints that natural resource availability may pose to the processes of economic development. The course will have a multidisciplinary flavour and some basic knowledge of the physical and biological sciences is helpful. The history of concern over 'limits to growth' will be discussed alongside explanations for the failure of earlier forecast 'doomsday' predictions to materialise! The issue of climate change will also be incorporated since 'absorptive capacity' is recognised as a pressing resource constraint issue.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Tuesdays: 10.00 am - 12.00noon

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Coursework (30%) and a 2-hour degree exam (70%)

Main Assessment In: April/May

Regional Economics And The Scottish Economy 1: Analysis ECON4023 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description The main aims of this course are to enhance students' analytical and intellectual skills and personal development through the study of regional economics; to develop students' capacity for self-motivated learning, problem solving and group-working through the application of theoretical approaches to real world problems; and to equip students for further study in regional economics or regional development and/or employment in related occupations.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Wednesday: 11.00 - 1.00pm

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Regional Economics And The Scottish Economy 2: Policy ECON4022 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description The course develops a practical orientation to understanding the workings of the (regional) economy. The skills learned are particular relevant across a range of potential future career areas. Thus, the main aims of this course are to enhance students' analytical and intellectual skills and personal development through the study of regional economics; to develop students' capacity for self-motivated learning, problem solving and group-working through the application of theoretical approaches to real world problems; and to equip students for further study in regional economics or regional development and/or employment in related occupations.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Wednesday: 11.00 - 1.00pm

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

The Economics Of Housing ECON4024 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester One

Short Description This course is an applied microeconomic course that contains a detailed examination of all three tenures within the housing market. Models of housing demand and supply will be examined and linked to the institutional and legal framework of the various parts of the UK. The nature of housing as a good and its relationship to other goods and markets (such as the mortgage finance market and the labour market) will be examined, as will the main drivers of the housing market. Finally, the relationship between the housing market and the wider macroeconomy will be considered.

Timetable This course will not be offered in every session. Please refer to the Economics website for details of Honours courses available in the current session. Day and time to be confirmed.

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

The Economics Of Team Sport ECON4025 Academic Session: 2011-12 School: Business School Credits: 15 Level: Level 4 (SCQF level 10) When Taught: Semester Two

Short Description In this course we will use microeconomic analysis to explore and understand the operations of professional sports teams. We will use a variety of economic tools derived from, among other areas of study, labour economics, industrial economics and urban economics to analyse a number of aspects of sport. Among other things, we will consider the labour market for sport; the product market for sport; the form of ownership of sporting clubs; the ways in which professional sport contributes to the economy at a local and national level; the role of non-professional sport in public policy, the benefits of such sport and the basis for economic subsidy.

Timetable This course will not be offered in every session. Please refer to the Business School website for details of Honours courses available in the current session. Lectures: Day and time to be confirmed

Requirements of Entry Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.

Assessment Summative assessment comprises coursework (30%) and a 2-hour degree examination (70%)

Main Assessment In: April/May

Advanced Portfolio Analysis ECON5034 Academic Session: 2011-12 School: Business School

Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description The course aims to provide students with a thorough understanding of portfolio analysis beyond the standard, static, mean-variance framework, combining theoretical foundations with empirical evidence. It firstly analyzes the limitations and the empirical failures of the Markowitzian mean-variance analysis, providing the motivation for the rest of the course. Given this motivation, it examines the optimal asset allocation of a multi-period investor, discussing the emerging horizon effects. It also analyzes the optimal portfolio choice for an investor whose preferences are affected by higher moments as well as the impact of loss aversion. The final lectures of the course discuss some advanced topics in bond portfolio management and performance evaluation. The use of derivative assets for portfolio risk management is also considered.

Timetable 20 hours of lectures (2 hours weekly for 10 weeks), 4 hours of computer labs / tutorials.

Requirements of Entry None

Co-requisites Portfolio Analysis and Investment (MUXS)

Assessment A one-hour in-course examination (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Aid And Development ECON5001 Academic Session: 2011-12

School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description Interest in the controversial topic of foreign aid has heightened in recent years, with donor countries pledging to provide substantially larger amounts of aid in the coming years. This course introduces students to key concepts, issues and debates relating to country level aid effectiveness and allocation. It also introduces students to related key developing country debt issues. Topics include: aid definition, concepts and volume; aid and the public sector; aid, poverty and welfare; aid and debt relief; aid in practice.

Timetable One two-hour meeting per week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Applied Computational Finance ECON5065 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description

Many problems in Economics, Finance or Financial Engineering cannot be solved to the point where a closed form solution can be obtained. Instead they have to be solved by use of numerical algorithms and techniques implemented on a computer. This course covers such techniques. They include: Monte Carlo simulation for pricing complex interest and credit derivatives; finite difference methods to solve partial differential equations such as the BlackScholes equation; effective methods to compute hedging strategies; methods for the calibration of financial market models including volatility surfaces and term structures; numerical dynamic programming for optimal portfolios, and resource management. The implementation of these methods on the computer using the MATLAB software package is a crucial component of the course.

Timetable 10 weekly lectures in 2h blocks 5 computer labs at 1h each

Requirements of Entry MSc level

Co-requisites Mathematical Finance and Financial Derivatives are co-requisites for this course

Assessment Students are assessed on the basis of coursework (25%) and a final written examination (75%). The coursework is a computer project. The final examination takes the form of a two-hour written paper, with students being required to answer two questions from a choice of four.

Main Assessment In: April/May

Basic Econometrics ECON5002 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description This four-part course provides students with a basic foundation in econometrics combining theoretical underpinnings with practical problems. The first part is a review of the basic statistical concepts and matrix algebra. The second part introduces regression analysis: the basic idea behind the classical linear regression model (CLRM), the underlying assumptions, and the problem of estimation. Building on the two-variable model, it analyses a few extensions, the multiple regression model, and the matrix approach to the linear regression model. The third part of the course reviews hypothesis testing and interval estimation, both on the two-variable and multivariate regression models. The last part of the course analyzes the consequences on the estimators from relaxing the assumptions of the classical linear regression model, and discusses various remedies. It examines the cases of heteroskedasticity, autocorrelation, multicollinearity, non-linearity and non-stationarity.

Timetable 20 hours of lectures (2 hours per week) and 8 hours of tutorials/labs.

Requirements of Entry None

Assessment The examination is of 2 hour duration and unseen.

Main Assessment In: April/May

Corporate Finance and Investment ECON5066 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description

The course provides a graduate-level analysis of corporate finance and financial markets. It introduces students to various theories of corporate finance and shows several tests. The course shows students how the outcomes of these tests contribute to the understanding of firms' real financial decisions.

Timetable 20 hours of lectures (2 hours per week for 10 weeks)

Requirements of Entry None

Assessment Coursework counts for 25% of the overall assessment. The final examination counts for 75% of the overall assessment and consists of a two-hour written examination.

Main Assessment In: April/May

Development Policy ECON5003 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description This course aims to analyze some of the main social and developmental problems facing less developed countries and possible policy responses.

Timetable A two-hour lecture each week for 10 weeks

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Dissertation ECON5004P Academic Session: 2011-12 School: Business School Credits: 60 Level: Level 5 (SCQF level 11) When Taught: Full Year

Short Description MSc candidates write a 12,000-15,000 word dissertation on a topic of their own choice. A Research Methods and Dissertation Training course is provided which is compulsory for all students. The requirements of the dissertation vary slightly between the Centre for Development Studies and the Centre for Economic and Financial Studies.

Timetable Eight two-hour sessions during Semesters One and Two (for a total of 16 hours). Dissertation supervision from April.

Requirements of Entry Students need to meet the requirements for progression to the dissertation based on the taught courses of the programmes as detailed in the Code of Assessment.

Co-requisites None.

Assessment A dissertation submitted at the beginning of September.

Economic Fundamentals And Financial Markets ECON5005 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description The aim of this course is to outline how macroeconomics fundamentals influence asset returns and asset prices. The point of departure of the baseline Capital Asset Pricing Model (CAPM) is to postulate that the returns on stocks follow some exogenous probability distribution; the point of departure of the Black-Scholes analysis of option prices is that the price of the underlying share of stock follows some exogenous stochastic process. More generally, the standard theory of finance starts by postulating some exogenous stochastic process for the dividends or the prices of some interesting financial asset. The aim of this course is to analyse where these postulated processes are coming from. Indeed, although some financial series can be represented quite adequately, over some limited timespan, by an appropriate exogenous process, all financial series will eventually exhibit breaks. One benefit of this analysis is that it can help us identify and predict these break points.

Timetable 10 weekly 2-hour lectures plus 5 hours of tutorials

Requirements of Entry None

Assessment A one-hour in-course examination (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Environmental Economics ECON5006 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description This course focuses on the application of the environmental economist's toolkit to problems in developing countries and the applicability of lessons from the more developed economies. It covers a number of important topics of relevance to both developed and developing countries, including environmental valuation, cost-benefit analysis, market and policy failure, trade and the environment, and the economics of pollution control and climate change, including the analysis of international environmental agreements. A unifying theme is the role the 'environment' plays in our lives and its relationship to the economic system. On successful completion of the course, students should be able to apply economic analysis to a range of environmental management problems, focusing on developing country examples; should understand why certain environmental problems occur and the possible options available for their resolution; and should be able to analyse the relationships between economic and ecological systems.

Timetable One 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course)

Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Financial Derivatives ECON5007 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description The course analyses the different types of major option pricing mechanisms and advanced option-hedging techniques encountered in financial markets. It focuses on pricing options within a Black, Scholes and Merton-type framework and covers Monte Carlo methods in detail. Topics are approached from both theoretical and practical perspectives, using examples from equity and interest rate markets. Computer lab sessions provide an opportunity for students to analyse problems and explore the effectiveness of different approaches to pricing and hedging that will be presented in lectures.

Timetable A 2 hour lecture each week for 10 weeks, five 1 hour computer labs.

Requirements of Entry None

Co-requisites Mathematical Finance

Assessment Coursework: project (25% of final grade for course)

Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Financial Institutions And Markets In Developing Countries ECON5008 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description The course explores the structures and social functions of monetary and financial systems in both developing and developed countries. It looks at the operation of economic stabilization and financial regulation in these countries and analyses issues arising from liberalization of the financial system and of international capital movements. It emphasizes the role of appropriate institutions for financial development and international financial integration. It pays particular attention to attempts to understand the current world financial and economic crisis and to find ways of promoting recovery and of preventing similar events in the future.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Financial Markets, Securities And Derivatives ECON5009 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description The lectures provide a graduate-level analysis of different types of derivatives securities with emphasis on the practical use of the instruments. They focus on introducing the Binomial and Black, Scholes and Merton models, computing Greeks for a variety of derivatives securities, pricing forward contracts, trading options and portfolio management using options and futures. Computer lab sessions provide an opportunity for the student to analyse problems and to explore the effectiveness of the different approaches to pricing and hedging presented in the lectures.

Timetable A 2-hour lecture each week for 10 weeks, 5 one-hour computer labs.

Requirements of Entry None

Assessment Coursework: computer project (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Financial Risk Analysis ECON5010 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11)

When Taught: Semester Two

Short Description The lectures provide a graduate-level analysis of market, credit and interest rates risk and how those risks can be hedged. It introduces students to different methodologies to estimate volatilities and correlations and how these estimates are used to calculate the portfolio's value at risk. Topics are covered from a practical and theoretical aspect using computer labs.

Timetable 20 hours of lectures (2 hours per week for 10 weeks), 5 one-hour computer lab sessions

Requirements of Entry None

Assessment A one-hour in-course examination (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Financial Sector Stability And Growth ECON5011 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description The world's financial landscape has undergone significant changes during the last three decades and it has become increasingly clear that an efficient and well-regulated financial sector is essential for macroeconomic and financial stability and thus important for economic development. This course defines the role of the financial sector in the economy; explores the interaction between financial sector stability and economic growth and development; makes

the case for financial sector supervision and regulation; and introduces students to policy efforts geared towards the stability of the domestic as well as the international financial system.

Timetable One two-hour lecture per week for 10 weeks.

Requirements of Entry None

Assessment Coursework: briefing note (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Financial Services ECON5012 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description This course reviews the organisation, management and regulation of financial markets, financial exchanges, and financial service providers. It investigates the regulatory framework in which the financial service industry operates. It dwells on the financial instruments at the disposal of the industry and on their specific use at the hand of financial service providers. It analyses the techniques developed by financial services to cope with the nature of their activity, such as managing assets and liabilities, managing credit risk or managing investment portfolios to meet specific targets. It also considers how recent developments, including technological advances and economic globalisation, have instilled renewed vigour in activities such as acquisitions and mergers, and contemplates the future of the industry.

Timetable A 2-hour weekly lecture for 10 weeks.

Requirements of Entry None

Assessment An essay (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Foreign Direct Investment And Development ECON5013 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description Foreign direct investment (FDI) has been among the fastest growing economic activities around the world. In parallel, over the past two decades, attracting FDI has been considered a development priority by developing countries as they wish to benefit from the growth opportunities that accompany these capital flows. The aims of this course are: to review the theories and empirical analyses that explain FDI and their impacts on economic development. to provide students with an up-to-date knowledge on FDI and their key issues for developing countries.

Timetable One 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Excluded Courses None

Co-requisites None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Growth And Development ECON5015 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description This course analyses the main theories and concepts which seek to explain economic development or its absence. The course first considers different measures of economic growth and development and how this has been represented. Lectures then focus on the development process and on a number of the main models that try to explain it. Topics include the Solow model, endogenous growth, the Lewis dual economy model, population, migration, agricultural development, and financial development and policies to build financial institutions. The course has two main aims. One is to promote an understanding of how the economies of transition evolve from less developed to developed status. The other is to provide an analytical framework for evaluating strategies of growth and development, including an assessment of how finance may contribute to these. Course objectives are

interdependent and a high premium is placed on a critical approach to the models considered and an understanding of their empirical basis.

Timetable A 2-hour lecture each week for 10 weeks, five 1-hour tutorials.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

International Finance And Money ECON5016 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description This course examines issues in international finance and money and provides students with experience modelling nominal and real exchange rates by examining recent developments in the literature. The course highlights both theoretical and empirical developments. In particular, we examine the role of relative prices and the role of other macroeconomics fundamentals, for example relative money supplies, in the determination of the nominal exchange rate. We also discuss approaches to modelling the real equilibrium exchange rate. We then go on to examine the circumstances associated with the end of particular exchange rate regimes. Finally, we introduce students to the operation of European Monetary Union and adjustment to economic shocks.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

International Macroeconomics And Policy ECON5017 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description This policy-oriented course starts with an analysis of the conduct of monetary policy and macroeconomic policy in general. It then analyses how openness of the economy affects a country's macroeconomic policy and economic performance. In particular, the course analyses the problem of attaining a position of internal and external equilibrium and considers options for the conduct of macroeconomic policy. On successful completion of the course, students should be able to identify and critically assess key elements of macro / monetary policy and their internal and external implications; provide an analytical account of the techniques and channels of influence of macro/ monetary policy and their implementation; and demonstrate the significance of different exchange-rate regimes for the conduct of macroeconomic policy.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

International Trade ECON5018 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description The aim of this course is to introduce students to the theory of international trade and its application to policy issues which arise in the world trading environment. The course starts examining the gains from trade, as they constitute the building block of any analysis of trade flows. The lectures then analyse a number of models which seek to explain international trade patterns. In the second part of the course, different trading strategies will be discussed. Discussion includes protectionism, unilateral liberalization, free-trade agreements, multilateral trade agreements and issues surrounding factor movements.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Macroeconomics ECON5019 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description This course is compulsory for students studying for the MSc Financial Economics, MSc International Financial Economics, and MSc International Trade and Finance. It concentrates on setting out the essential building blocks of modern macroeconomic theory by covering: the theory of firms and long-run growth; the theory of households and asset pricing; intratemporal trade for goods and intertemporal trade for assets; business cycles; and monetary policy. The unifying approach adopted throughout is based on the principles that households maximise utility subject to their budget constraints; firms maximise profits subject to the demand for their product and costs of production; and prices adjust such that an equilibrium exists and markets clear. Finally, macroeconomic economic data will be introduced and discussed to help students to understand and assess the predictions of the theory.

Timetable One 2-hour lecture per week for 10 weeks.

Requirements of Entry None

Assessment

A one-hour in-course examination (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Mathematical Finance ECON5020 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description The course is designed to provide students with an advanced knowledge of probability theory and stochastic calculus. It delivers the conceptual and analytical foundation used in other courses, such as Financial Derivatives and Modelling and Forecasting Financial Markets. Topics include sigma algebra, measure theory, probability spaces, stochastic processes in discrete and continuous time, Ito Calculus, martingales, random walks, Brownian motion, and their properties.

Timetable Ten weekly 2-hour lectures and nine weekly 1-hour tutorials.

Requirements of Entry None

Assessment A one-hour in-course examination (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Microeconomics ECON5021 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description This course provides students with a basic understanding of advanced microeconomics, enabling them to understand and interpret recent developments in the literature and also giving them the appropriate toolkit to understand recent economic and finance models. Specific topics covered are game theory; price setting; oligopoly and market structure; inequality, risk and uncertainty; portfolio choice theory. On successful completion of the course students should be able to read and understand scholarly literature in microeconomic theory; be able to solve advanced analytical problems in economic theory; be able to identify open questions for their own research; understand the strategic decision making and price setting under different market structures; appreciate the welfare implications of such decisions; and appreciate risk and uncertainty and optimal portfolio choice in asset markets.

Timetable One 2-hour meeting per week for 10 weeks.

Requirements of Entry None

Assessment Coursework: assignment (25% of final grade for course) Examination: a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Modelling And Forecasting Financial Markets ECON5022 Academic Session: 2011-12 School: Business School

Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description This course builds on the traditional models of stationary time series (ARMA) to lead into the new modelling area, which has been developed specifically for the needs of financial econometricians. This includes nonstationary time series and ARCH-GARCH analysis, and their applications to stock prices and exchange rate data. Finally, it examines nonstationary panel data and application of these methodologies to exchange rates.

Timetable One two-hour lecture per week for 10 weeks. Seven one-hour computer labs.

Requirements of Entry None

Excluded Courses Advanced Econometrics

Co-requisites Basic Econometrics

Assessment A one-hour in-course examination (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Modern Theory Of Banking And Finance ECON5023

Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description The course begins with an outline of the role of a financial system in an economy. We then continue with the study of financial assets. Bond finance is treated in detail, as is the determination of interest rates in bond markets. Other assets that are presented and studied are stocks and financial derivatives. We continue with an analysis of the importance of imperfect information between parties in credit relationships, and discuss the problems of adverse selection and moral hazard. Banks are the subject of more detailed analysis, including risk management and bank regulation. We present a model of bank runs and complete the course with an in-depth discussion of the causes of the global credit crisis of 2007-2009.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: assignment (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Monetary Policy And The Role Of Central Banks ECON5024 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description The course begins by considering the goals of monetary policy, in the context of developed and developing countries. Contemporary macroeconomic theory is used to define what is achievable through monetary policy. The course then considers the instruments available to the monetary authorities to achieve these aims, and assesses the relative merits of these approaches to the implementation of monetary policy. Also considered is how to make the transition from direct monetary controls to a more market based approach. Next we examine the monetary transmission mechanism. The course concludes by looking at issues in the design of optimal monetary policy institutions, at the time-inconsistency problem and at the desirability of inflation targeting and/or an independent central bank.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Money, Finance And Growth ECON5025 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description

This course reviews a variety of analytical models that analyze the role of money and financial intermediation in economic growth. It investigates the link between saving (and investment) and economic growth, and between development of the financial system and growth. Particular attention is paid to the possible direction of causation between finance and growth. Finally, the course reviews the empirical literature and the evidence that it provides about causal links.

Timetable A 2-hour lecture each week for 10 weeks

Requirements of Entry None

Assessment Coursework: briefing note (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Msc Environment & Sustainable Development ECON5050 Academic Session: 2011-12 School: Business School Credits: 0 Level: Level 5 (SCQF level 11) When Taught: 12 Months (October - September)

Course Aims Not relevant

Timetable Not relevant

Main Assessment In: August

Policies For Sustainability And Development ECON5026 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description This stand alone course, designed to complement the first semester Theory and Principles of Sustainability course, aspires to familiarise students with the varying interpretations of 'development' and how these differ from 'economic growth'. It explores the differing approaches to 'greening' conventional national income; analyses the relative merits and problems of different policy approaches to the utilisation of key environmental resources; critically evaluates the key role of energy in the economic process and the potential roles of varying technologies particularly in the light of the 'Stern Report'; and explores issues of appropriate governance in seeking to achieve sustainable development or, more modestly and realistically, improving the ecological efficiency of economic activity. On successful completion of the course, students should be able to interpret and critically evaluate diverse data sources relating to the economic / environment interface; formulate realistic ecologically coherent objectives for development explicitly recognising environmental constraints; and assess the relative merits of different policy options for achieving the objectives outlined above.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Portfolio Analysis And Investment ECON5027 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description The course provides students with a thorough understanding of the functioning of financial markets, combining theoretical foundations with empirical evidence. It investigates economic behaviour under uncertainty, such as investment, savings and consumption, with and without financial markets. It analyses the current approaches used by financial analysts to calculate the fair value of assets and spot lucrative trading opportunities, such as the Capital Asset Pricing Market (CAPM) model and Arbitrage Pricing Theory (APT). Finally, it asks whether it is possible to "beat the market": this involves a review of the theoretical arguments and the empirical evidence concerning the Efficient Market Hypothesis (EMH).

Timetable A 2-hour weekly lecture for 10 weeks, five 1-hour computer labs.

Requirements of Entry None

Excluded Courses Economics of Finance

Assessment A one-hour in-course examination (25% of final grade for course) and a two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Project Planning, Appraisal And Implementation ECON5028 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description This course introduces students to the issues and techniques involved in the assessment and planning of development projects and their subsequent implementation and monitoring. It will include a review of formats and practices adopted by some development agencies and an examination of the contrasting approaches to the evaluation of costs and benefits from private as opposed to public sector perspectives. Significant hands-on calculation will be integrated into the tutorials to equip students with the requisite techniques.

Timetable A 2-hour lecture each week for 10 weeks. 5 two-hour tutorials.

Requirements of Entry None

Assessment Coursework: assignments (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Public Finance ECON5029 Academic Session: 2011-12

School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description The course equips students with the necessary knowledge to understand and analyze issues arising in modern public finance. These refer to the usefulness and limitations of government involvement in the economy and how tax, spending and debt policy can be used/mis-used. The course establishes some benchmark results in optimal taxation and then deviations from benchmark optimal policies; offers explanations for such deviations based on government failures; and suggests ways to ameliorate such failures. As such, the course is of relevance to students interested in both developed and developing economies. The background requirement is the knowledge of basic principles of economics, as taught at the undergraduate level, including the standard mathematical and statistical tools expected at that level.

Timetable One two-hour meeting per week for 10 weeks

Requirements of Entry None

Assessment Coursework: 2000-word essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

The Economics Of Inequality And Deprivation ECON5030 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description Inequality is a subject of great importance in today's policy debates on economic development. The course begins with an overview of the economic approach to inequality measurement. A solid understanding of inequality indexes is essential for the discussions that are to follow. A first aim is to understand why some societies are much more unequal than others. One explanation is the Kuznets hypothesis, which is reviewed and evaluated against the evidence. Alternative explanations are also discussed, in particular the role of colonialism. We also review some recent scholarship on inequality levels throughout history. Recent trends in inequality in different parts of the world are then presented. We analyze how factors such as technological change, labour supply changes and trade liberalization can be the cause of changes in inequality. Other topics that will be developed include the relationship between inequality and economic growth and the different dimensions of inequality. On successful completion of this course, students will have acquired a solid understanding of the causes of inequality and the theoretical links between inequality and different economic phenomena.

Timetable One two-hour meeting per week for 10 weeks.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

The Imf, The World Bank And Economic Growth ECON5031 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester Two

Short Description The first part of the course reviews how the World Bank's and IMF's assistance to developing countries has been informed by theories of development and has in turn helped shape such theories. The second part of the course reviews the theoretical underpinnings of some alternative approaches to development to those which have been advocated by the IMF and World Bank, particularly those which emphasise the role of economic structure, technological change and demand, and discusses their application in specific policy proposals.

Timetable A 2-hour lecture each week for 10 weeks.

Requirements of Entry None

Assessment Coursework: briefing note (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May

Theory And Principles Of Sustainability ECON5032 Academic Session: 2011-12 School: Business School Credits: 20 Level: Level 5 (SCQF level 11) When Taught: Semester One

Short Description Economic activity takes place within the confines of the environment and it is now increasingly recognised that ecological constraints are starting to make themselves felt. This course explores the history of concerns over carrying capacity and various approaches to its measurement; the concept of sustainability and the relationship this has to the

finite nature of our planet; the feasibility and ecological coherence of conventional economic ideas of growth and some of the key insights from the physical sciences, specifically thermodynamics. In addition, it presents some of the formal economic analysis relating to the optimal use / depletion of natural resources and the basic economic theory relating to pollution externalities and the options for regulation. On successful completion of the course, students should be able to identify different categories of resources; appreciate and analyse the implications of a closed thermodynamic system for economic activity; explain the reasons for both historical and current concerns over resource limitations; discuss differing interpretations of the concept of sustainability and recognise the key implications for development; demonstrate an appreciation of the standard economic theory of natural resource economics and its limitations; and comment critically on the feasibility of 'Sustainable Development'.

Timetable 10 weekly lectures of 2 hours each.

Requirements of Entry None

Assessment Coursework: essay (25% of final grade for course) Examination: two-hour end-of-course examination (75% of final grade for course).

Main Assessment In: April/May