Prof Alan Manning 32L 2.36A

Dr L. Rachel Ngai  32L 1.15

This course is available on the BSc in Accounting and Finance, BSc in Actuarial Science, BSc in Business Mathematics and Statistics, BSc in Econometrics and Mathematical Economics, BSc in Economic History, BSc in Economic History with Economics, BSc in Economics, BSc in Economics and Economic History, BSc in Economics with Economic History, BSc in Environment and Development, BSc in Environmental Policy with Economics, BSc in Geography with Economics, BSc in Government and Economics, BSc in International Relations, BSc in Management, BSc in Management Sciences, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics, BSc in Social Policy, BSc in Social Policy and Economics and BSc in Statistics with Finance. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

This is an introductory course in microeconomics and macroeconomics. It may not be taken if Economics B (EC102) has already been taken and passed. No previous knowledge of economics is assumed. The treatment will be non-mathematical, but students are expected to be able to interpret graphs. Entrance on to EC100 and EC102 is dependent on Economics A-level or equivalent background. Students with A-level economics (or equivalent) are not allowed to take EC100.

This course provides a foundation in micro and macroeconomics, primarily to those without background in the subject. The course aims to provide students with methods of economic analysis that can enable them to think about when markets work well, when they are likely to fail and what policies might improve outcomes.  Macroeconomics is the focus of Lent Term, which covers questions such as unemployment, inflation, monetary policy and an introduction to international economic issues. The analytical methods taught are applied to questions of contemporary importance e.g. issues of inequality, climate change, economic growth.

20 hours of lectures and 10 hours of classes in the MT. 20 hours of lectures and 10 hours of classes in the LT.

Lecture handouts are distributed at frequent intervals; they contain the outline of the lectures, details of suggested readings and questions for discussion in classes.

Two hours of revision lectures will be held in week 11 of both MT and LT

These classes are usually taught by Graduate Teaching Assistants. They deal mainly with questions arising out of the lectures and questions on the lecture handouts. They are also used to discuss students' written work.

Class teachers will normally set and mark four pieces of written work from each student during the course.

N. Gregory Mankiw and Mark P. Taylor (2011) Economics, South-Western Cengage Learning, Second Edition.

Exam (50%, duration: 2 hours) in the LT week 0.
Exam (50%, duration: 2 hours) in the main exam period.

The Lent term examination is based on the Michaelmas term syllabus, and the Summer exam on the Lent term syllabus.