Economics

Course summary

What will I study? During the two-year course, you will cover: Year 1 Macroeconomics: • Aggregate demand and supply • The level of economic activity • Macro objectives • Fiscal policy • Monetary policy • Supply side policies Microeconomics: • Scarcity/Choice and opportunity cost • Demand and supply • Elasticity • Government intervention • Market failure Internal assessment: • Research titles • Evidence gathering • Essay-writing skills Year 2 International economics: • International trade • Exchange rates • Balance of payments • Economic integration Development economics: • Economic development • Measuring development • Role of domestic factors • Role of international factors • Role of foreign direct investment (FDI) • Role of aid • Role of international debt • Balance between markets and intervention