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Dr Thomas Sampson  32L 2.34

Dr L. Rachel Ngai  32L 1.15

This course is available on the BSc in Econometrics and Mathematical Economics, BSc in Economics, BSc in Economics and Economic History, BSc in Economics with Economic History, BSc in International Social and Public Policy and Economics, BSc in Mathematics and Economics, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics, BSc in Politics and Economics and BSc in Social Policy and Economics. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

Students must have completed level 2 microeconomics (EC201 or EC202 or EC2A1 or EC2A3) and macroeconomics (EC210 or EC2B1 or EC2B3 or FM201). The capacity to read and understand applied research methods as covered in EC220 or EC221 or EC2C1 or EC2C3 and EC2C4 is highly desirable. 

Students who have thoroughly mastered mathematics at least to the level of MA107, with MA100 giving a better grounding. 

This course is divided into two sections introducing recent developments in economic theory and policy analysis. The first half of the course covers economic policy in the global economy. We study the causes and consequences of international economic integration, focusing on how globalisation affects the trade-offs that shape policy. Both theoretical and empirical analyses will be considered. Key topics include: international trade, capital flows, migration, technology diffusion, taxation in the global economy, and the relationship between globalisation and national sovereignty.



In the second half of the course we focus on economic growth, considering questions like these: Why was GDP per capita in the UK 15 times higher than China in 1960? Why did the factor of 15 decrease to 5 in 2000?  To gain an understanding of the “whys” we have to ask deeper questions: what drives economic growth? Why do some economies grow faster and other slower? Thus this part of the course studies the determinants of economic growth through capital accumulation, reallocation of resources from agriculture into manufacturing and services and, technology innovation.

15 hours of lectures and 10 hours of classes in the MT. 15 hours of lectures and 9 hours of classes in the LT. 1 hour of classes in the ST.

There will be a