This course examines historical issues of living standards, growth, urban and agricultural development, and the Great Depression. Transitional economics examines the paths taken by the former Soviet states. Macroeconomic topics concentrate upon the causes of unemployment and policies to lessen both short and long-term unemployment. Important issues include education and income distribution, as well as outside aid and assistance. This course examines how firms determine their pricing, production, investment and technology choices.
Game theory is used to explore the interactions between firms in imperfect competition.
Topics include the regulation of privatised industry. There has been growing interest in the role of financial markets and institutions in the economy. Financial Economics examines how individuals choose different assets, the implications for asset pricing and, from that, the impact upon corporate finance and the real economy. Topics include the efficiency of markets and option and futures pricing. International Economics comprises the study of international trade and international finance.