Department of Economics
This is an introductory course in microeconomics and macroeconomics for those expecting to take further courses in economics.
Michaelmas Term: Supply and demand; tax incidence; game theory; price-setting; adverse selection; moral hazard; social preferences; welfare economics; discrimination.
Lent Term: Measurement of the aggregate economy; money & inflation; trade & exchange rates; unemployment; economic fluctuations; stabilization policy; government debt; growth & development.
Note: Graduate Teaching Assistants (who are often PhD students) will teach classes on this course.