Economics

The course provides an overview of research in behavioral economics, a field of economics that draws on knowledge in psychology to capture important aspects of human behavior and social interactions that standard economic models cannot explain. Topics include heuristics and biases, decision making under uncertainty, prospect theory, reference dependence, intertemporal choice, social preferences, bounded rationality, as well as nudges. Throughout this course, students link theory to practice and discuss empirical applications in areas and topics such as consumer choice, saving behavior, procrastination, education, labor supply, finance, and policy making.

This course introduces the core concepts, methods, and framework of financial economics. The course covers the latest developments in financial theory, with special attention to how investors form individual financial decisions and the price effects produced by the interaction between investors in the financial market. Course topics include three basic analysis methods of finance: market equilibrium (state preference) analysis, no-arbitrage analysis, and mean variance analysis.

This course is part of the LM degree program and is intended for advanced level student. Enrollment is by consent of instructor. This course provides an overview of the basic tools used by health economists for their empirical investigations, the linear regression model for the analysis of cross-sectional data, and under what conditions the estimated relationship has a causal interpretation. Drawing on critical discussion about some micro-economic applications, the student receives specific data to practice at the computer and learn the basic skills to perform empirical work using the software STATA. At the end of the course, the student is able to understand scientific articles using the linear regression model and is also able to perform their own analysis with this tool. The course discusses topics including an introduction to econometric methods, data, and STATA; simple and multiple regression models (advanced); and a variety of data issues.

The Internship Workforce course provides students with an overview of working in the United Kingdom. The course looks at the changing organizational structures of work in Britain. It examines the social and economic changes that affect the workplace in the UK. Topics covered include: sociology of work, trade unions, 0ppression at work, generational changes at work, and the future of work. An internship while studying in London provides an opportunity to experience a “hands on” working situation and a different perspective on the workplace and working practises, while developing professional skills.
 

This course focuses on differences in the functioning of national economies around the world and especially on differences between the national economies of individual EU member states and Central and Eastern European countries. It discusses the influence of culture, geography, abundance, or lack of natural and human resources, and mainly economic institutions and polices on the economic development of those countries. Using Hofstede's dimensions, students explore cultural differences among European countries and discuss practical issues such as the differences in the style of management and differences in consumer preferences. In addition to other theoretical tools employed in the course such as contemporary population theories, natural resource abundance, and production theories, also statistical data are included, serving as supplementary information for the comparison. The course explains common generalizations and classifications of economic and social models (e.g. Atlantic capitalism vs. Rhine capitalism; Sapir's view: Anglo-Saxon model vs. Nordic vs. Continental vs. Mediterranean model) and analyzes the implications of differences between economic and social models used by individual member countries for competitiveness. In addition to helping students understand economies of different countries and their ability to do business, it also helps them gain an insight into European economic institutions and policies. Although the lectures and readings contain extensive empirical evidence and data, the emphasis is on understanding the logic and economics of the analyzed processes.

This course introduces the main currents of thinking on capitalism in recent social theory. It provides an understanding of global capitalism's institutional diversity and dynamics and the historical transformations of the global economic order since the 1970s. The course navigates the complexity of today's economic world using structured theoretical thinking.

This course introduces the world of investments. It develops an understanding of individual investment decision making by introducing topics and techniques used by both personal investors and money managers. The course focuses on both individual securities and portfolios, teaching students to consider the risk and return of different types of investments, and how to use this knowledge to achieve financial goals. There is a focus on stock and bond investing. The course covers the mechanics of buying and selling securities, efficient market theory, portfolios, diversification, stock valuation, and international investing.