Tutorial Topics: i.The economic role of the internet ii.Rational behaviour
References: The Economist i. 2000: How to be perfect (12/02); Internet Economics (01/04). ii. 1998: The benevolence of self-interest (10/12); 1999: Consistently inconsistent (05/08) Rethinking thinking (16/12); 2000: A roving eye (26/10); 2003: Behaviourists at the gates (08/05).
Assignment: Discuss the role of prices in the market mechanism.
Assignment: Prepare a brief survey of literature on currency crises.
Assignments:
1. Use Table 3.1 to replicate the two regression results discussed on Page 22.
2. Replicate the regression discussed in Table 6.2 using data from the book's site.
3. Exam Paper 2003: answer questions 1, 2, 5 and 6.
4. Exam Paper 2002 Section A: answer questions 1 and 2.
5. Evaluate whether the data provided supports the neoclassical model of growth
as discussed in Mankiw et al (1990).
Assignment: Evaluate how asymmetric information might impact on market outcomes.
Tutorial Sheets: (Note: PA=Problems and Applications; QR=Questions for Review)
1: pgs 16-17 PA no 1,4,6,7,8; pg 33 QR no 2,3,6.
2: pg 86 PA no 1,2,3,4,5,6.
3: pgs 111-112 PA no 1,7,8,9,10,11,12,13.
4: pgs 132-133 PA no 2,7,11; pg 221 PA no 8,12.
5: pgs 309-310 PA no 6,8,9;
Compare the market outcome under monopoly as opposed to perfect competition.
Define and provide examples of price discrimination.
6: pgs 516-517 PA no 1,2,4; pg 533 PA no 10,11.
Comment on the developments in Malta's real GDP for the period 2000-2003.
Refer to NSO Press Release No.58/2004 and CBM website.
7: pgs 559-560 PA no 5,6,7,11.
8: pgs 753-754 PA no 3,9,11.
9: Comment on fiscal developments in Malta during 2003 and explain how the required
fiscal consolidation process can affect economic performance in the next few years.
10: Describe the monetary policy framework in Malta.
Topics/Other References: Trade policy framework {Trade Winds: Economist 08/11/97 pg 99; Why Trade is Good for You: Economist 03/10/98 pg 4 Survey}; Regional trade agreements and worldwide free trade {NBER WP 5970; A Question of Preference: Economist 22/08/98 pg62; Responsible Regionalism: Economist 02/12/2000 pg21}; Labour market and environmental issues {IMF WP 97/37, CATO WP 15, Economist 29/04/2004}; Trade Reform {IMF WP 02/132}.