This module will equip students with the standard methods and analytical tools of microeconomic and macroeconomic theory, with emphasis on the relationship between the decisions of individual agents, the operation of markets and the general state of the economy. The microeconomics component will analyse the nature of competition a firm faces, the type of industry in which it operates, the prices of its inputs, while the macroeconomics one will focus on growth, inflation, unemployment, fluctuations and crises.

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