Welcome

Economics

Course Description

The Economics course introduces students to fundamental economic concepts and theory, including demand, supply, and the formation of equilibrium prices in product and resource markets. In addition, the course offers an introduction to applied areas like industrial organisation (market structure), labour economics, unionism, international trade, and public economics.

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Course Outline

The following provides an outline of the course as well as available lecture materials and resources:

Week One: Demand and Supply

Resources: Lecture Notes | Revision Questions

Week Two: Equilibrium

Resources: Lecture Notes | Revision Questions

Week Three: Elasticity

Resources: Lecture Notes | Revision Questions

Week Four: Prices

Week Five: Markets (Product and Resource)

Week Six: Firm behavior – production and costs

Week Seven: Market structure

Week Eight: Labour

Week Nine: International (trade theory – prices)

Week Ten: Consumer theory

Week Eleven: Market failure

Week Twelve: Revision Session