|Teaching method||Contact hours|
|Course coordinator(s)||dr. X Zhu|
|Lecturer(s)||dr. X Zhu|
|dr. ir. C Gardebroek|
|Examiner(s)||dr. ir. C Gardebroek|
|dr. X Zhu|
Language of instruction:
Assumed knowledge on:
ENR-21306 Environmental Economics for Environmental Sciences, ECH-21806 Microeconomics, or AEP-20306 Economics of Agribusiness
This course aims to acquaint students with different methodologies of doing applied research in economics, with an emphasis on the environment and agricultural commodity markets. Different methodologies of making economic scenario studies are discussed at an intermediate level. Methodologies that will be dealt with include partial equilibrium models, input-output models, applied general equilibrium models and neo-classical growth models.
After successful completion of this course students are expected to be able to:
- explain the micro-economic theories underlying quantitative economic models;
- develop a quantitative economic model (in GAMS) to address a specific economic policy problem;
- critically reflect on the potential uses and limitations of quantitative economic models for policy analysis,
- explain and assess empirical studies from international journals.
- computer practicals;
- take-home exercises to be completed in groups of two students;
- group assignments (30%);
- written exam (70%).
Each component needs a minimum mark of 5.5 to pass.
(1) Vercammen, J. (2011). Agricultural Marketing, Routledge (available on-line via library); (2) Reader 'Theories and models in economics (2019)' by Xueqin Zhu et al.; (3) Reader 'GAMS for economic modelling (2019)' by Xueqin Zhu et al.
|Compulsory for:||MME||Management, Economics and Consumer Studies||MSc||C: Economics and Governance||4WD|
|Restricted Optional for:||MES||Environmental Sciences||MSc||B: Environmental Policy and Economics||4WD|
|MUE||Urban Environmental Management||MSc||4WD|
|MCL||Climate Studies||MSc||E: Climate, Society and Economics||4WD|