Teaching

This module builds on the first-year Macroeconomics module, EC108, and deepens the understanding of how modern economies function and how macroeconomic policy is designed and applied. It covers both closed and open economies and studies how the choices of households, firms, and governments shape economic outcomes over time and across countries. The module focuses on the main forces behind economic growth, inflation, unemployment, and international trade in today’s global economy. It introduces the core models used by economists to analyse these issues, which form the foundation of modern macroeconomic research and policy work. Throughout the module, economic theory is closely connected to current debates and real policy challenges. This approach helps develop strong analytical skills and a clear understanding of how macroeconomics is used to explain economic developments and inform policy decisions.

Resources:

• Short notes

Resources:

• Short notes

You can find here my statement about dissertation supervision.

Resources:

• Sample of past dissertations

• Short notes on how to write your Dissertation

Resources:

• Short notes

You can find here my statement about dissertation supervision.

Resources:

• Short notes on how to write your Dissertation

Economics 3 'Economic Policies and Growth' focuses on the theory of business cycles and economic growth.

Central topics include: 

• Business Cycles Theory

• Output and Employment

• Monetary Theory 

• IS-PC-MR Model 

• Monetary and Fiscal Policies 

• Income and Market Policies 

Books: 

1. Carlin, W. and Soskice, D. W. (2005). Macroeconomics: Imperfections, Institutions, and Policies. Oxford University Press. 

2. Carlin, W. and Soskice, D. (2014). Macroeconomics: Institutions, Instability, and the Financial System. Oxford University Press, USA. 

Economics 2A focuses on intermediate microeconomic analyses and familiarises students with an economic thinking and model-based approach to the analysis of the markets. 

Central topics include: 

• Consumer Theory

• Market Structure

• Intertemporal Choice

• Introduction to Game Theory

• Uncertainty

• Technology and Profit Maximisation 

• Monopoly and Oligopoly

Books: Varian, H. R. (2014). Intermediate microeconomics with calculus: a modern approach. WW Norton & Company. 1st edition (or later)

Informal notes:

• Comparison of consumer and producer theories

• Optimisation in microeconomics

• Curves in consumer theory

• Decomposition methods

• Math: Extrema

Economics 2B provides a solid foundation in macroeconomic theory at an intermediate level. 

Central topics include: 

• Goods Markets  

• Financial Markets 

• IS-LM Model 

• The Labour Market and the Phillips Curve 

• IS-LM-PC Model 

• Expectations, Output and Policy Makers 

• Monetary and Fiscal Policies 

• The IS-LM Model in an Open Economy 

• Exchange Rate Regimes, Currency Crises 

Book: Blanchard, O. J. (2017). Macroeconomics, Pearson Education Limited, 7th ed. 

Resources:

• Tutorial notes

• Data

Economics 1A provides an introduction and overview of important topics in microeconomics.

Central topics include: 

• Markets and Consumers 

• Markets and Firms 

• Public Policy 

• Factor Markets and Risk 

Book: Krugman, P. and Wells, R. (2015). Economics. Worth Publisher, 4th ed. 

Economics 1B provides an introduction and overview of important topics in macroeconomics. 

Central topics include: 

• National Income Accounting, Unemployment and Inflation 

• AS-AD Model

• Long Run Macroeconomic Equilibrium 

• Fiscal and Monetary Policies

• Money, Banking and the Federal Reserve System 

Book: Krugman, P. and Wells, R. (2015). Economics. Worth Publisher, 4th ed.