Prof Alan Manning 32L 2.36A

Dr L. Rachel Ngai  32L 1.15

This course is available on the BA in Geography, 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 and Geography, 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 Finance, BSc in Financial Mathematics and Statistics, BSc in Geography with Economics, BSc in Government and Economics, BSc in International Social and Public Policy and Economics, BSc in Management, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Mathematics, Statistics and Business, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics, BSc in Politics, BSc in Politics and Economics, BSc in Politics and International Relations, BSc in Psychological and Behavioural Science, BSc in Social Policy and BSc in Social Policy and Economics. 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. Microeconomics is the focus of Michaelmas Term: This term 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 topics such as economic growth, unemployment, inflation, monetary & fiscal policy, and international macroeconomics.

This course is accredited by the Chartered instititue of Management Accountants (CIMA) for the purpose of exemption from some professional examinations through the Accredited degree accelerated route. This course exempts those who complete it from BA1 Fundamentals of Business Economics.

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

This course is delivered through a combination of classes and lectures totalling a minimum of 60 hours across Michaelmas Term and Lent Term. This year, some or all of this teaching will be delivered through a combination of virtual classes, live streamed (recorded) lectures, and some flipped content delivered as short online videos.

Weekly feedback is given on the multiple choice questions which form the weekly quizzes.  Individual written feedback is given on at least one essay question per term. Students are expected to make positive contributions to class discussions. 

Daron Acemoglu, David Laibson and John List (2018) Economics, 2nd Edition, Pearson Education.

Exam (45%, duration: 2 hours) in the January exam period.
Exam (45%, duration: 2 hours) in the summer exam period.
Coursework (10%) in the MT and LT.

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

Students are required to attempt weekly quizzes and mock exams in order to satisfy the coursework requirements for the course.