This is the module page for EC4004, Economics for Business, 2016
Problem Set 1
Problem Set 2
Economic Reasoning Assignment
Lecture Notes. Links go live a day or two before the lecture itself.
Lecture by lecture breakdown, following sections and sub-sections in Bowles, Foley and Halliday (BFH) and Carlin and Soskice (CS)
|Lecture 1. Introduction, expectations, prerequisites, assessment details, and policies, Review of Basic Micro & Macro concepts from 1st year.
Lecture 2. Society, Social coordination problems, the fisherman’s dilemma. (BFH, 1.1-1.4)
|Week 2||Lecture 3. Society, Social coordination problems, Pareto comparisons and efficiency, social coordination failures (BFH, 1.5-1.7).
Lecture 4. People and Preferences. (BFH, 2.1-2.4). The Investor & Public Games
|Week 3||Tutorials Begin.
Lecture 5. Constrained optimisation (BFH, 3.1-3.4) Feasible frontiers & indifference curves.
Lecture 6. Constrained optimisation (BFH, 3.5-3.8) Price and offer curves.
|Week 4||Lecture 7. Property and Exchange (BFH, 5.1-5.2). Allocations, The Edgeworth Box.
Lecture 8. Property and Exchange (BFH, 5.3-5.5). Institutions and power.
Book Review Due Friday of Week 4 by 5pm on Turnitin
|Week 5||Lecture 9: Coordination failures (BFH, 6.2-6.7)
Lecture 10. Specialisation, exchange, market demand (BFH, 7.1-7.3)
|Week 6||Lecture 11. Competition, rent-seeking, market demand (BFH, 9.1-9.2)
Lecture 12. Uncertainty and risk (BFH, 4.2-4.6)
Problem Set 1 Due Friday of Week 6 at 5pm on SULIS.
|Week 7||Lecture 13. Jobs, Unemployment and Wages (11.1-11.5)
Lecture 14. Jobs, Unemployment and Wages (11.5-11.7) [Open Day: Lecture podcast] Open Days.
|Week 8||Lecture 15. Macroeconomic modelling: demand side (CS, 1.2)
Lecture 16. Macroeconomic modelling: supply side (CS, 2.1 - 2.2)
|Week 9||Lecture 17. The three equation model: set up (CS, 3.1-3.3) [Bank Holiday: Lecture podcast]
Lecture 18. The three equation model: usage (CS, 3.1-3.3)
|Week 10||Lecture 19. Expectations, the Phillips Curve, the Lucas Critique (CS, 4.2-4.5)
Lecture 20. Money, Banking, the macroeconomy (CS, 5.2-5.5)
Problem Set 2 Due Friday of Week 10 at 5pm on SULIS.
|Week 11||Lecture 21. The Financial Sector and Crisis (CS, 6.2-6.5)
Lecture 22. Growth, fluctuations, and innovation: Solow (8.2-8.4)
|Week 12||Lecture 23. Endogenous and Schumpeterian Growth: (8.5-8.8)
Lecture 24. The Eurozone (12.3-12.5)
(Economic Reasoning Assignment due Friday week 12 at 5pm to Turnitin)