Various types of market failure will then be examined, leading to a study of the effects of different types of environmental regulation, and the markets for insurance and banking. This course discusses the theoretical foundations of international trade and international factor flows. A discussion of traditional trade theories and more recent contributions grounded in the economics of imperfect competition will be followed by an analysis of the theoretical explanations for the rise and spread of the multinational enterprise. Other aspects covered in the course include empirical work on the determinants of trade and investment, and theoretical models designed to analyse the welfare implications of trade and investment. This two-term course introduces econometric theory and statistical inference with applications to a range of economic problems.
Coverage includes basic statistical theory and classical regression analysis.
Additional topics include qualitative response models, time series analysis, cointegration procedures, input-output techniques and linear programming. Throughout the course emphasis is placed on the application of these techniques to real world problems. This 10 week course consisting of lectures and seminars provides an introduction to the European Union, its institutions and topics of current debate. It provides extensive coverage of the theories of economic and monetary integration, including the Single European Market and European Monetary Union, and also issues relating to Central and Eastern European enlargement. The aim of this course is to introduce students to a range of microeconomic and macroeconomic issues related to the theme of human resource development, and the management of human resources.