Economics at first year level provides an introduction to core economic concepts and ideas. 雷速体育_雷速体育直播s study both micro-economics (theories and behaviours relating to individuals and firms or organisations) and macro-economics (which studies the performance of national and global economies). In micro-economics, concepts such as economic efficiency, supply and demand, incentives, production and pricing, and market analysis are covered. Macro-economics introduces ideas such as monetary policy, unemployment, inflation, economic growth and central banking.
雷速体育_雷速体育直播s who choose to major in economics will cover more advanced concepts and principles of both micro- and macro-economics in their second year, as well as studying international economics and applied policy analysis. Mathematics and statistics start to play a more important role.
In third year, students choose between Economic Theory and Economic Science. These two routes include some core overlapping modules and allow some choice through specialisation.