Introduction to economics
This course will introduce you to the fundamentals of economic analysis and reasoning. It is the course upon which subsequent, more specialised economics courses are based.
Microeconomics
- The Theory of Consumer Behaviour
- The Theory of the Firm
- Markets: Demand and Supply
- Factors Market
- Coordination and Welfare
Macroeconomics
- Aggregation
- The Goods Market
- Money and Banking
- General Equilibrium
- Prices, Inflation and the Phillips Curve
- Unemployment
- Exchange Rate Determination and the Money Sector
- Economic Growth
- Business Cycles
- International Trade
If you complete the course successfully, you should be able to:
- Describe and evaluate the models and methods used in economic analysis.
- Formulate real world examples in the language of economic modelling.
- Apply and use the economic models to analyse these issues.
- Assess the potential and limitations of the models and methods used in economic analysis.
- Primary textbook: Begg, D., S. Fischer and R. Dornbusch Economics. (McGraw Hill).
- Supplementary textbook: Lipsey, R.G. and K.A. Chrystal Economics. (Oxford University Press).
