Is Uber stealing jobs? Is the design of the Euro-zone flawed? And why does it pay off to go to university? Economics help us to address - and frequently is the language of - key debates. For students of political economy, and the social sciences, it is crucial to understand this developing language. Participants in this programme will learn the principles of economics and receive an introduction to econometrics and game theory.
|Academic dates:||19 July - 6 August 2020|
|Housing dates:||18 July - 7 August 2020|
|Academic fee:||€ 1600 read more about what’s included|
|Credits:||6 European Credits|
|Who is this programme for?||For current university students (2nd, 3rd or 4th year Bachelors and Masters) in the arts and social sciences with an interest in economics, markets, and political science broadly. For working professionals with a desire to continue their education/update their skills in this field.|
|Academic director:||Dawid Walentek|
|Early application deadline:||1 February 2020|
|Regular application deadline:||1 April 2020|
If you’ve been referred to this summer course as a pre-requisite for a UvA Master's programme, submit an application via the link above, and email us at email@example.com to let us know you’ve done so.
Students of this three-week course will cover principles of micro- and macro-economics, and receive an introduction to econometrics and game theory. We will also cover the basics of different types of economic modelling, and their applications for economic policy and social science. The goal? To demystify neoclassical economic theories and to give clearer insight into this important field that influences the social and behavioural sciences in diverse ways.
The course is divided into three blocks. In the first block students become familiar with the main tenants of microeconomics: how markets work, and why they fail, as well as economics of the public sector and labour markets. The second block introduces the participants to macroeconomics and gives an understanding of the economy in the long run. Students will learn about: money and prices, the real economy, data for macroeconomic indicators, and problems associated with the data quality for economics. Finally, in the third block, students are introduced to econometrics and to game theory. For the former, we will look at real-world data and develop basic coding skills – with the use of STATA statistical software. For the latter, we will focus on the Prisoners’ Dilemma in a static and a dynamic setting and introduce the basics of the Nash equilibrium as practical means to understanding game theory. Students will learn why economic cooperation is difficult to achieve and what role repeated interaction and valuation of the future plays in stimulating cooperation.
By the end of the programme, students will be able to understand how government policy stimulates market interactions, how financial markets operate, what determines growth of prosperity and the role of central banks. Participants will learn how to approach and analyse data and draw conclusion from econometric tests. Students will also become familiar with game theory and its application for international trade, competition policy, and issues related to public goods. Participants, upon completion of the course, will be able to engage in debates on economic policy and its implications.
|Credits||6 ECTS, 3 weeks|
|Language of instruction||English|
|Conditions for admission||Open|