Description
The goal of this module is twofold. First, to familiarize students with basic concepts and principles of how economic thinking builds market-level phenomena from individual decisions of economic agents, and how market-level phenomena lead to economy-wide consequences. Second, the module aims to teach students a solid understanding of a basic micro- and macroeconomic toolkit to address how markets work or fail, and how public policies may affect economic outcomes. By the end of the term, students will have the skills to analyse simple versions of, for instance, antitrust regulations, or the effects of government spending. Introducing students to how economists analyse (“model”) real-world situations is a key part of the course, just as much as to get a flavour of how micro- and macroeconomics is used in public policy debates.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.