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In the first year economics is taught as part of the introductory programme with ‘Prelims’ in Microeconomics and Macroeconomics. In subsequent years, they take a combination of Core and Optional courses. Options for the final year include the opportunity to write a thesis.
Teaching for each course includes a series of sixteen or more lectures covering essential topics, extensive personal study and tutorials.
|2nd & 3rd year|
|Finals Courses||Core Courses
Optional supplementary subject course
Consumer theory; producer theory; market equilibrium with perfect competition, monopoly and simple oligopoly models; factor markets; general equilibrium, welfare and externalities. Mathematical techniques: mathematical economics: applications of functions and graphs, differentiation, partial differentiation, maxima and minima, optimisation subject to constraints.
Textbooks at an appropriate level for introductory microeconomics are:
H.R. Varian Intermediate Microeconomics
M.L. Katz and H. S. Rosen Microeconomics
National income accounting, the determination of national income and employment, monetary institutions and the money supply, inflation, balance of payments, exchange rates.
An appropropriate textbook is:
G. Mankiw Macroeconomics