Economics

Course summary

Economics is topical in nature and highly relevant to our everyday experience. We analyse and debate a range of current national and international issues. Topics include: Year 1 Microeconomics: basic principles; the operation of markets; costs and revenues; competitive markets; market failure and government intervention Macroeconomics: measurement of UK economic performance and economic policy. Year 2 Microeconomics: behavioural economics; poverty and inequality; the labour market; market structures (competition and monopoly). Macroeconomics: UK economic performance; financial markets; monetary, fiscal and supply side policies; globalisation; trade; balance of payments; exchange rates; economic development.