Lecturer: Dr. Dunli Li
Outline Syllabus:
Week 1: Introduction to data, economic modelling and econometrics
Week 2: The regression model and OLS estimator
Week 3: Properties of OLS estimator and hypothesis testing
Week 4: Multiple regression and functional form issues
Week 5: Causality, experimental and quasi-experimental evidence
Week 6: Consumer demand
Week 7: Consumption and saving
Week 8: Employment and Minimum Wages
Week 9: Labour supply
Week 10: Review
Lecturer: Dr. Hyejin Ku
Outline Syllabus:
Week 1: An Overview of the Labour Market
Week 2: Labour Supply
Week 3: Labour Demand
Week 4: Overall Labour Market and Institutions
Week 5: Human Capital and Education
Week 6: Labour Market Discrimination
Week 7 : Inequality and The Wage Structure
Week 8: Technical Change and the Labour Market
Week 9: Perspectives on COVID-19 and the Labour Market
Week 10: Unemployment
Lecturer: Dr. Malcolm Pemberton
Outline Syllabus:
Term 1
Vectors, linear dependence and independence. Matrix algebra. Systems of linear equations, Gaussian elimination, reduction to echelon form. Inverse of a matrix. Determinants. Quadratic forms. Calculus of several variables: differentiation, constrained optimisation, applications to consumer theory and production theory. First-order differential and difference equations.
Term 2
Constrained optimisation: meaning of Lagrange multipliers, envelope theorems, inequality constraints and the Kuhn-Tucker theorem. Mean value theorem, l’Hôpital’s rule, Taylor’s theorem. The circular functions. Complex numbers. Harder first-order differential equations: solution by integrating factor, Bernoulli’s equation. Linear second-order differential and difference equations. Eigenvalues and eigenvectors. Linear systems of difference and differential equations, stability of stationary solutions. Nonlinear systems of differential equations: linearisation, stability of stationary solutions.