In the first year you take four compulsory courses in microeconomics, macroeconomics, econometrics and mathematics. The compulsory pre-sessional Introductory Course in Microeconomic Principles will take place in early September before the main first year teaching programme starts.
If you successfully complete the examinations at the end of the first year, you will be awarded a Diploma in Economics. If, in addition, your examination performance is sufficiently strong, then you will be allowed to progress to the second year of the programme, subject to meeting the progression criteria as stated in the programme regulations.
If you successfully progress to the second year, you will take four compulsory courses, one unit of elective courses and an extended essay linked to the elective course. The first compulsory course, the Introductory Course in Mathematics and Statistics, begins before the main second year teaching programme starts. This is followed by three compulsory core courses in microeconomics, macroeconomics, and econometrics, as well as one elective course, which is linked to the extended essay you will need to complete.
Covers game theory and interdependent choices, including applications to oligopoly, as well as the market system, general equilibrium and market failure.
Focuses on long-term macroeconomics as well as micro-foundations of macroeconomics.
Focuses on a range of basic mathematical concepts and methods in calculus of one and several variables and in linear algebra.
Further Mathematical Methods
Covers calculus and linear algebra.
Focuses on basic theory of econometric methods taught through empirical examples, including cross section data and linear models, time series and panel data methods.
Candidates may be allowed to substitute one other course for one of the courses listed above with the permission of the Programme Director.
The Introductory Course in Mathematics and Statistics includes treatment of dynamic programming, continuous time dynamic optimisation, quadratic forms, Kuhn-Tucker theorem, and marginal and conditional probability distributions, amongst other topics.
Focuses on core models of growth and business cycle fluctuations, drawing on developments at the frontiers of research.
Focuses on classical theories of consumer and producer behaviour, the theory of competitive equilibrium, models of imperfect competition and information economics, amongst other topics.
Or (with permission)
Provides more emphasis to mathematical methods following a proof-based approach, and provides a firm grounding in classical microeconomic theory as well as a variety of recent developments from behavioural economics and other fields.
Presents modern, technical tools for empirical analysis in economics, for cross section, time series and panel data; focusing on the properties of different estimation models, as well as illustrating the use of these techniques in practical problems.
Courses to the value of one unit from a range of options
For the most up-to-date list of optional courses please visit the relevant School Calendar page.
You must note however that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.
You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated graduate course and programme information page.