Economics

Course summary

Fundamentally, Economics is about analysing choices and, at its heart, it is about advising humans on how to use scarce resources efficiently to achieve their chosen goals. Economics provides students with the Macro and Microeconomic theory to construct an analytical toolkit. This can then be used to consider economic problems and evaluate governments’ responses. In Microeconomics we study markets, their failure and the policies used to try to solve that failure. The Macroeconomics side of the course considers fiscal, monetary and supply-side policies that are used to achieve major economic goals: low inflation, full employment, steady growth and balanced trade.