The project aims to give students a challenging opportunity to increase their knowledge of Economics and apply it to solve important economic problems/challenges. After a common introductory part, students will work in teams, tackling a particular case, relevant to a real-life economic decision maker (be it a business, a government, or a non- government organization). In case of a project involving a company for example, the goal is to provide an analysis of and/or a solution to the problem that the organisation in question could further develop and implement. Students are encouraged to use a wide range of methods and techniques including data analysis, theoretical modelling, simulation, experiments, etc.
After successfully finishing this skills course, students will be able to: * apply knowledge of economic theory, approaches, perspectives, and methodologies to real-life problems and/or policy issues. * independently acquire new knowledge and skills which are relevant for tackling an economic problem. * translate a general problem into a specific (research) question, and make use of a relevant approach to obtain an answer. * communicate the outcomes of the analysis in general and the proposed solution in particular.