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Course Criteria
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6.00 Credits
Microeconomics looks at advanced theoretical and applied aspects of microeconomic theory. The theoretical portion focused on an in depth analysis of welfare and general equilibrium theory, game theory, risk and expected utility, and information economics. On the applied side, the course focused intensely on quantitative and empirical evidence regarding issues of competition policy, education and training, environmental economics and the distribution of income and social security.
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3.00 Credits
ECON 20100 Game Theory at UCD; Game theory is a way of thinking about strategic situations. One aim of the course is to teach you some strategic considerations to take into account when making your own choices. A second aim is to predict how other people or organizations behave when they are in strategic settings. We will see that these aims are closely related. We will learn new concepts, methods and terminology. A third aim is to apply these tools to settings from economics and other disciplines. The course will emphasize examples. We will also play several games in class.
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5.00 Credits
"EC 3010 Economic Analysis at Trinity College; This course builds on the foundations of EC2010 Intermediate Economics, developing some of the topics from that course, and introducing some new ones. Module 1 Microeconomics: topics include general equilibrium and welfare; consumer's surplus, and extensions; risk & insurance; the portfolio problem; intertemporal choice; business financial decisions; Modigliani & Miller. Module 2 Macroeconomics: intertemporal consumption and labour allocation; investment; money demand; the analysis of business cycles; monetary policy and time-inconsistency; fiscal policy and the Ricardian equivalence. "
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7.00 - 8.00 Credits
The course will cover a range of topics in modern monetary economics, starting from microeconomic explanations for the existence of money and then proceeding to aggregate models of price and output fluctuations, the monetary transmission mechanism and the conduct of monetary policy. At the end of the course students should have a thorough understanding of the following: 1. The microeconomic foundations for the existence of money in simple dynamic general equilibrium models. 2. The main models used by economists to understand the causes and consequences of monetary policy decisions. 3. The conclusions reached as a result of applied work in the field, including an assessment of the identification problems encountered by applied monetary economists. 4. The objectives of current research in the field, including explanations for the Great Inflation of the 1970s and recent changes to the structure of monetary policy institutions
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3.00 Credits
ECON 30100 Health Economics at UCD; This course gives an overview of some of the main issues in Health Economics. The course begins by reviewing the Grossman model of the demand for health which treats health as both a consumption and an investment good. The course then examines the crucial issue of health insurance and the role of moral hazard and adverse selection. It also discusses the advantages and disadvantages of risk equalisation. The next part of the course analyses the asymmetry in information between doctor and patient, the principal-agent issue and supplier-induced-demand. The course then gives an overview of the role of economic evaluation in healthcare. The course then examines the economics of addictive substances such as tobacco and alcohol. The course then analyses the relationship between health, inequality and development and the final topic is the economics of obesity.
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3.00 - 8.00 Credits
The course covers both applied and theoretical topics and aims to provide an understanding of the welfare theoretic foundations of policy analysis, and the constraints on government action; the considerations that are involved in the design of specific taxes, and the implications for the relation between aggregate revenue and spending; the rationale for the major categories of public spending; and the design of policies in response to market failure. The specific topics studied include welfare-economic foundations and the measurement of wellbeing; income taxation and labour supply; commodity taxation; debt and taxation over time; savings, investment and pensions; taxation of companies; health; education; inequality and income transfers; cost-benefit analysis; local public goods and jurisdictional issues; multilateral externalities; policy towards natural resources and the environment; public expenditure and political economics.
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3.00 Credits
"EC 3060 Economics of Policy Issues at Trinity College; Module 1 This module is an introduction to, and survey of, the theory of welfare economics. The course will examine the broad philosophical and legal basis of a market economy, paying particular attention to the issues of property rights and the rule of law. The issue then of collective benefits arising from public goods will be explored in some detail, with the information problem associated with optimal provision of such goods the focal point. This will be followed by a detailed discussion of externalities: private solutions, public policy and prohibition of markets. The course will conclude with a discussion of social justice, in its various formal dimensions. Module 2 The first part of Module B will mainly analyze the relationship between institutions and policy outcomes. In particular, it will focus on voting behaviour and the impact of forms of government and electoral rules on redistribution and government expenditure. This will be followed by an analysis of political incentives to accommodate special interest policies, with a focus on rent-seeking behaviour. The second part of Module B will examine the economics of energy policy issues covering electricity market liberalisation, renewable energy policy, conventional electricity generation and climate change policy."
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5.00 Credits
EC 3070 Industrial Economics at Trinity College; The course reviews the recent literature in industrial economics, covering theoretical, empirical and policy issues. Topics covered will include oligopoly pricing, barriers to entry, product differentiation, advertising and technical progress, vertical integration and diversification and European Community competition policy. Assessment: Class work, 2 term tests, 1 x 3 hour exam.
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4.00 - 6.00 Credits
Economics of Industry is concerned with an in-depth analysis of the behaviour of firms, internally and within the marketplace. The course focuses on both theoretical and applied aspects so that student's can apply the theory to actual real world problems. Throughout the course, students will gain an understanding of: 1. the theoretical foundations of firm decisions regarding pricing, product differentiation, advertising, entry, mergers and takeovers, innovation, vertical integration, and organization, 2. the welfare implications of firm behaviour, 3. strategic firm behaviour, its effects on other firms, 4. inappropriate firm behaviour and the design of public policy responses, and 5. methods of determining and analysing firm behaviour through the use of data.
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3.00 Credits
ECON 30160 International Trade Economics at UCD; The course looks at international trade theory and policy. It will focus on four questions: (i) Why do countries trade?, (ii) What do countries trade?, (iii) Who gains from trade? (iv) How and why do governments intervene in trade? These questions are addressed by examining a few simple trade models.
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