Advanced Economic Analysis

This information is for the 2013/14 session.

Teacher responsible

Dr Keyu Jin 32L 1.17

Dr Camille Landais 32L 2.23


This course is available on the BSc in Econometrics and Mathematical Economics, BSc in Economics, BSc in Economics and Economic History, BSc in Economics with Economic History, BSc in Government and Economics, BSc in Mathematics and Economics, BSc in Philosophy and Economics and BSc in Social Policy and Economics. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.


Students must have completed Macroeconomic Principles (EC210) and Microeconomic Principles I (EC201).

Mathematics to at least the level of Mathematical Methods.

Course content

This course consists of three lecture topics introducing recent developments in economic theory. The first part focuses on information economics and contract theory, analyzing the optimal design of contracts and the role of incentives. This part emphasizes the methods used to analyze these models and discusses applications in the different fields of economics. The second part studies theoretical determinants of the current account and international portfolio diversification. This part analyzes the causes of large global imbalances across countries and examines optimal international portfolios. The third part discusses the theory and evidence surrounding financial crises of the type the world is currently experiencing. This part analyzes the causes, consequences and cures from a macroeconomic perspective.


16 hours of lectures and 8 hours of classes in the MT. 16 hours of lectures and 8 hours of classes in the LT. 2 hours of classes in the ST.

Indicative reading

The course is mainly based on lecture notes and journal articles. Relevant textbooks will be announced at the beginning of each term.


Exam (100%, duration: 3 hours) in the main exam period.

Key facts

Department: Economics

Total students 2012/13: 26

Average class size 2012/13: 14

Value: One Unit

Guidelines for interpreting course guide information

PDAM skills

  • Self-management
  • Problem solving
  • Application of numeracy skills