Description
Aims: This module provides the introduction to economics for undergraduates in the Department of Economics. It introduces the characteristics of economies using historical and crosscountry comparisons across the major dimensions of economic performance (growth, inequality, stability). The aim if the module is to provide an analytical introduction to the core concepts of modern microeconomics and macroeconomics.
By taking the main economic actors and showing how they make decisions, the module covers behaviour in goods, labour and credit markets, highlighting the role of the rules of the game (institutions), and showing the sources of market successes and market failures. Behaviour of households and firms is analysed in the economy as a whole, along with that of fiscal and monetary policy makers.
Compulsory for:1st year BSc Economics (L100, L101 and L102) and the combined-studies degrees in Economics and Geography (LL17), Philosophy and Economics (VL51) and also Politics, Philosophy and Economics (4V86) students on the Economics and Politics concentration.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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