Economics

In the first year of your Economics course, you will be introduced to microeconomic and macroeconomics. Microeconomics addresses issues such as: ‘Why are house prices so high?’, ‘Can pollution effectively be controlled?’ and ‘When, how and why should governments interfere with markets?’. Macroeconomics issues include: ‘Why does the Government have an inflation rate target and how does it affect us?’, ‘What happens to the economy if people decide to spend more?’, ‘How are we positively and negatively affected by the growth Chinese and Indian economies? And ‘What will Brexit mean for the UK, European and global economies, business and citizens?

 

In the second year of your Economics course, you will develop a considerably more advanced understanding of microeconomic and macroeconomics concepts and theories, and learn to deeply analyse and evaluate the values and limitations of economic models. You will explore these ideas with a more global context, which includes the impact of globalisation on UK economic performance; and how the interaction of firms in a market; the competing objectives of, and various influences on, economic actors can have implications for the efficiency and equity of markets and the global economy.

 

In year one, you will study:

Theme 1: Introduction to Markets and Market Failure

 

Theme 2: The UK Economy – Performance and Policies

 

In year two, you will study:

Theme 3: Business Behaviour and the Labour Market

 

Theme 4: A Global Perspective

 

The final exams will consist of three exam papers, 2 hrs each, 100 marks per paper.