SOAS University of London

Department of Economics

Preliminary Economic Analysis

Module Code:
153400091
Credits:
0
Taught in:
Term 1
Overview

The course consists of 15 lectures: an introductory lecture, followed by 7 lectures covering the basics of microeconomics, and 7 lectures covering the basics of macroeconomics.  The main text is Economics (Sloman, Wride, and Garratt), 7th or 8th edition, and additional reading is indicated where appropriate.  The number of subjects covered is rather large, as the main aim of the course is to prepare students for the economic theory courses in the autumn and spring terms, which will cover the same topics in greater depth, There is no examination.

Learning Objectives

At the end of this part of the course, students should have:

  • a good overview of basic macroeconomic principles, particularly national income accounting.
  • a critical understanding of the importance of the key assumptions underlying macroeconomic models.
  • a basic understanding of the short run determinants of national income, output and employment in closed and open economy settings.
  • a basic understanding of the principles underlying the formulation and implementation of fiscal and monetary policy.
  • a basic understanding of the determinants of economic growth in closed and open economy settings.
  • a basic understanding of environmental issues in economic growth; thereby an introduction to the connection between microeconomics and macroeconomics.

Further information

Preliminary Economic Analysis Information Sheet and Timetable 2019/20

Objectives and learning outcomes of the module

On successful completion of the course, students will be able to:

  • a sound knowledge of basic fundamental concepts in economics.
  • a good understanding of the critical assumptions in economic models.
  • the ability to apply basic economic tools to describe different real-life circumstances.

Method of assessment

This course is not assessed.

Suggested reading

  • Lipsey, R and Chrystal, A (2011): Economics, 12th edition
  • Rosser, M (2003):  Basic Mathematics for Economists, 2nd edition

Disclaimer

Important notice regarding changes to programmes and modules