Forward College

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.


  • The Theory of Consumer Behaviour
  • The Theory of the Firm
  • Markets: Demand and Supply
  • Factors Market
  • Coordination and Welfare


  • 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).

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