Prerequisites / Exemptions
You must take this course either with or after:
- Statistics 1 (ST104A)
- Mathematics 1 (MT105A) or Calculus (MT1174).
- The Theory of Consumer Behaviour
- The Theory of the Firm
- Markets: Demand and Supply
- Factors Market
- Coordination and Welfare
- The Goods Market
- Money and Banking
- General Equilibrium
- Prices, Inflation and the Phillips Curve
- 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.
Unseen written exam (3hr).
- 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).
Course information sheets
Download the course information sheets from the LSE website.