Prerequisites / Exemptions

You must take this course either with or after:

• Statistics 1 (ST104A)
• Mathematics 1 (MT105A) or Calculus (MT1174).

Topics covered

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

Learning outcomes

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.

Assessment

Unseen written exam (3hr).

Essential Reading

• 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.