Research Methods II
This module builds on BEEM136 Research Methods I and covers further mathematical and computational techniques useful in economics research.
Full module specification
|Module title:||Research Methods II|
BEEM136. Only available to students on the MRes Economics and MRES Economics (PHD Pathway) programmes.
|Duration of module:||
Duration (weeks) - term 2: |
The module goal is to equip students with a set of tools that allows them to solve economic models in an appropriate way.
ILO: Module-specific skills
- 1. understand and apply advanced approaches to solving economics models;
- 2. manipulate abstract mathematical concepts;
ILO: Discipline-specific skills
- 3. understand and critically analyse economics arguments;
- 4. develop and use economics models;
ILO: Personal and key skills
- 5. identify relevant and tractable research problems
- 6. identify relevant solution and analysis methods
- 7. work independently and responsibly on complex research questions
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Scheduled Learning and Teaching Activity||33||Lectures (3hr per week)|
|Guided Independent Study||117||Background reading, preparation for classes and assessments|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Assignments||100||5 bi-weekly assignments, worth 20% each||1-8||Oral/written|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Assignments (5)||Assignments (5)||1-8||August Examination Period|
Topics useful in current research, which vary but may include:
- Differential equations
- Introduction to functional analysis
- Calculus of variations
- Optimal control
- Dynamic optimization
Indicative learning resources - Basic reading
- Kamien, M., Schwartz, N., Dynamic Optimization, 2nd edition, 2000
- Luenberger, D., Optimization by Vector Space Methods, 1969
- Judd, K.L. (1998). Numerical methods in economics. Cambridge, MA: MIT Press.
- Miao, J. (2014). Economic dynamics in discrete time. Cambridge, MA: MIT Press.
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Last revision date