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Introduction to economic analysis A20/21
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Course data
Introduction to Economic Analysis
Announcements
Exam guidelines and advice
Padlet for questions on content
Tutorial, 11:00 - 12:00, https://soas-ac-uk.zoom.us/j/97938132241?pwd=dVM0bzdqK2VTdnRkWE9saWFCYmRrdz09
Tutorial 12:00 - 13:00, https://soas-ac-uk.zoom.us/j/92501334575?pwd=MCtZNGN2S3dTcU40RU04T2I3Sk9rQT09
Tutorial, 16:00 - 17:00, https://soas-ac-uk.zoom.us/j/95218362262?pwd=Y0NmalVyMlR5YXNYKzhDbzBMaUEwUT09
Tutorial, 17:00-18:00, https://soas-ac-uk.zoom.us/j/96246506390?pwd=ZEtoL1o0UC8xWjE4OG16ZnV1citJdz09
How to log into Zoom
Module Guidelines and term 1 Syllabus: Microeconomics
Syllabus Introduction to Economic Analysis Term 2 2020-2021
Netiquette
Questions
Suggestions
EX1 August 2021 submission
Assessment
Plagiarism, citations, bibliography and presentation
Word count and penalties
How to submit your coursework online
Undergraduate marking criteria
Department of Economics Information Point
Study Skills
Essay guidelines
Essay Writing Workshop
Top 3 Resources for Aspiring Economists
Amendment to assessment from last year
AS1
AS2
IEA Group Project Guidlines
IEA Presentations - Groups and Topics (with lecturers)
Create your MT Group
Video Submission
AS3
Festival of Learning
Week 1: Introduction & Adam Smith: from division of labour to values and prices
IEA Lecture 1 term 1
Tutorial 1
Tutorial 1 - Answers
Smith, A. 1776. The Wealth of Nations. various editions
Foley, D. 2006. Adam's Fallacy: A Guide to Economic Theology (link to ebook)
chart-week1
Data for Exercise 2 (Millennium of data)
Week 2: David Ricardo: value, income distribution and land
Ricardo's theory of value distribution - explanation
IEA Lecture 2 term 1
Tutorial 2
Tutorial 2 Answers
Ricardo, David. Principles of Political Economy and Taxation
Foley, D. 2006. Adam's Fallacy: A Guide to Economic Theology (link to ebook)
Darwin, Charles. 1859. Origin of Species
Week 3: supply and demand
What is economic value, and who creates it? | Mariana Mazzucato
IEA Lecture 3 term 1
Tutorial 3
Tutorial 3 - Answers
Perloff on taxes (pages 82-91) [Perloff. J. 2015. Microeconomics.]
taxes
Week 4: Neoclassical economics: consumers
IEA Lecture 4 term 1
Tutorial 4
Tutorial 4 - Answers
Mill, J.S. 1863. Utilitarianism.
Jevons, W. S. 1871. The Theory of Political Economy
Week 5: Neoclassical economics: producers
IEA Lecture 5 term 1
Tutorial 5
Tutorial 5 - Answers
Week 6: Reading week
Revision Quiz
Week 7: Neoclassical economics: markets & competition
Pre-Recording Lecture 6
IEA Lecture 6 term 1
A brief video introduction to Excel
Another brief Excel Intro: How to create figures
Tutorial 6
exercise6-data
Tutorial 6 - Answers
excercise6-solutions
IEA QUESTIONS & ANSWERS
Week 8: Oligopolies
Pre-Recording Lecture 7
IEA Lecture 7 term 1
Perloff 2015, Ch 13 Oligopoly
Hobsbawm, 1999, Industry and Empire, excerpt
Natural Monopolies Explained
Tutorial 7
Tutorial 7 - Answers
excercise6 and 7-solutions
IEA QUESTIONS & ANSWERS
Week 9: Capital, Investment and New Technology
Pre-Recording Lecture 8
IEA Lecture 8 term 1
Tutorial 8
Tutorial 8 - Answers
excel-ex8
IEA QUESTIONS & ANSWERS
Week 10: Government
Pre-Recording Lecture 9
IEA Lecture 9 term 1
Tutorial 9
Tutorial 9 - Answers
Chang 2002 Breaking the mould
IEA QUESTIONS & ANSWERS
Week 11: Revision
Pre-Recording Lecture 10
IEA Lecture 10 term 1
IEA QUESTIONS & ANSWERS
Statement on Visit to the United Kingdom, by Professor Philip Alston, United Nations Special Rapporteur on extreme poverty and human rights, Nov 2018
TRIPS agreement: A waiver makes the COVID-19 vaccine more accessible
Nolan, Peter, 2016. Crossroads of Global Capitalism, (audio)
Week 1 - Term 2 Basic Concepts of Macroeconomics
Please post your questions here!
Lecture 1A (slides for live session) 2021
Lecture 1B (slides for prerecorded session) (2021)
Prerecorded session for Lecture 1(B) - released after Lecture 1A
Britons understand little about economics - Report finds
What is GDP?
GDP and special events in history
GDP and welfare
UK Economic Outlook: The Long Road to Recovery, Institute for Fiscal Studies (October 2020)
Tutorial 1 2020-2021
Tutorial 1 2020-2021 Solutions
Week 2 - Term 2 Determination of National Output: Classics versus Keynes
Please post your questions here
Pre-recorded session for Lecture 2 (TO BE WATCHED PRIOR TO THE LIVE SESSION OF MONDAY 18 JANUARY)
Lecture 2A 2021
Lecture 2B 2021 corrected version
Keynes, J.M. (2008/ 1936) General Theory of Employment, Interest and Money - Ch. 3
FT article: High savings rates and the unequal recovery
FT article: UK faces deeper double-dip recession due to Covid mutation
FT article 21 January 2021: UK consumer spending falls sharply as lockdown bites
Tutorial 2 2021
Tutorial 2 (Solutions) 2021
Tutorial, 11:00 - 12:00 via ZOOM, Join Zoom Meeting https://soas-ac-uk.zoom.us/j/99974055669?pwd=MC83dW9DS2RVMTltcGZqSU15M1JpQT09 Meeting ID: 999 7405 5669 Passcode: 8ix74e.N4^
Tutorial 12:00 - 13:00, https://soas-ac-uk.zoom.us/j/97053420307?pwd=RGN5dEZhRHZsdHF1MUFiZjFBbXdKQT09 Meeting ID: 970 5342 0307 Passcode: 3UZ!idLL?R
Tutorial, 16:00 - 17:00, https://soas-ac-uk.zoom.us/j/91282764961?pwd=eGtXcXI1Q2w5NGpOTlpPZmd1dTdTQT09 Meeting ID: 912 8276 4961 Passcode: 2EY!Jbx&WB
Tutorial, 17:00-18:00, https://soas-ac-uk.zoom.us/j/92009686545?pwd=TFRsYWdaUFhHSjhmdjVuYW4vRUV3Zz09 Meeting ID: 920 0968 6545 Passcode: 7W@iixcPHY
Week 3 - Term 2 Money in the Economic Process
Please post your questions here
Pre-recorded Lecture 3A (please watch before Monday 25 January 2021)
Lecture 3A (pre-recorded session) 2021
Lecture 3B (live session) 2021
Tutorial 3 2021
Tutorial 3 Solutions 2021
Keynes, J. M. (1937) The General Theory of Employment, QJE
FT article: Global liquidity trap requires big fiscal response
What Is A Liquidity Trap?
FT article referring to the Quantity Theory of Money
Week 4 - Term 2 The money supply and monetary policy
Please post your questions here
Lecture 4 2021 (LIVE)
Lecture 4B 2021 (pre-recorded) - recording to be released after live session
Pre-recorded Lecture 4B
Lecture 4C (Monetary policy: pre-recorded)
McLeay et al. 2014 (money creation)
McLeay et al. 2014 (money-in-the-modern-economy-an-introduction)
Sheard, P. (2013), "Repeat after me: Banks cannot and do not 'lend out' reserves", Standard & Poor
Transmission mechanism of monetary policy
What is QE?
Barrowclough, D. (2020), Chapter 4 CORONAVIRUS AND THE EVOLVING ROLES OF CENTRAL BANKS: AVOIDING A “CLIMATE MINSKY MOMENT”
Great web resource on money. Check out section on How Money Works
FT article on QE
FT: BoE set to hold back on further economic stimulus
Tutorial 4 2021
Tutorial 4 2021 Solutions
Week 5 - Term 2 The IS-LM Model
Please post your questions here
Lecture 5A IEA 2021
Lecture 5B IEA 2021 (pre-recorded)
Lecture 5B (pre-recorded session on demand management policies in the ISLM framework)
Hillier (1991): The Macroeconomic Debate Chapters 1 and 2 - YOU CAN SCROLL TO CHAPTER 2 DIRECTLY IF YOU DON'T WISH TO READ CHAPTER 1
IS-LMentary
FT article: UK public sector borrowing hits record high (22 December 2020)
FT article: Why it may not be party time for Rishi Sunak (24 December 2020)
FT article: IMF Chief Economist "Global liquidity trap requires a big fiscal response" (2 November 2020)
FT article: Why financial policymakers are still fighting the last war (23 November 2020)
Why economists kept getting the policies wrong (FT article, 18 Feb 2021)
And there are alternatives! Reshaping the European fiscal framework
Tutorial 5 2021
Tutorial 5 Solutions 2021
Week 7 - Term 2 Business Cycles, Unemployment and Inflation
Slides Lecture 6: Business Cycles, Unemployment and Inflation
Video Lecture 6 Part 2
Video Lecture 6 (Part 2)
Please post your questions here
Answers Tutorial 6
Week 8 - Term 2 Lecture 7: Exchange Rates and the Balance of Payments
Video Lecture 7 (Part 2)
Slides Lecture 7: Exchange Rates and the Balance of Payments
Please post your questions here
Tutorial 7 Solutions
Week 9 - Term 2 Fiscal and Monetary Policies
Slides Lecture 8: Fiscal and Monetary Policies
Please post your questions here
IEA T2 2020-21 Exercise Topic 8
Tutorial 8 Solutions
Week 10 - Term 2 Economic Growth and Sustainability
Slides Lecture 9
Video Lecture 9 (Part 2)
Please post your questions here
IEA T2 2020-21 Exercise Topic 9
Week 11 - Term 2 International Trade
Slides Lecture 10
Please post your questions here
Exam guidelines and studying advice
Next
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153400003-A20/21 Introduction to economic analysis A20/21
Page type
:
Module
Study year
:
2020/21
Skill Level
:
Beginner
