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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