Program Overview

Economics 2 (Combined Studies) (STAT0001)

Key Information

The module is part of the Faculty of Mathematical and Physical Sciences, taught by the Statistical Science department. It has a credit value of 30.

• Faculty: Faculty of Mathematical and Physical Sciences
• Teaching department: Statistical Science
• Credit value: 30

Restrictions

This module is only available to students registered on specific degree programmes:

• BSc(Econ) Economics and Statistics
• BSc/MSci Mathematics with Economics
• BSc Statistics, Economics and Finance
• BSc Statistics, Economics and a Language
• MSci Statistical Science (International Programme) (SEF & SEL pathways only)

Alternative Credit Options

There are no alternative credit options available for this module.

Description

This module aims to provide a thorough understanding of core concepts and methods of microeconomics and macroeconomics to second-year undergraduates on combined-studies programmes with a high quantitative content. It prepares students for optional courses in economics taken in the third year.

Intended Learning Outcomes

• Understand the main elements of microeconomic and macroeconomic theory at a level appropriate for an economics graduate.
• Understand economic models and problems expressed in standard mathematical terms and be able to solve and interpret problems based on such models at a level of difficulty appropriate for an economics graduate.
• Be able to use economic concepts and methods to analyse and interpret real-world economic phenomena.
• Be able to assess issues of economic policy.

Indicative Content

The module covers:

• Microeconomics (consumers and producers): Consumer choice, choice under uncertainty, firm behaviour.
• Microeconomics (markets and equilibrium): Market demand, exchange equilibrium, competitive markets, monopoly, price discrimination, oligopoly models, game theory.
• Macroeconomics (growth and fluctuations): Economic growth, including the Solow-Swan model and technological progress.

Key Texts

Available from ReadingLists@UCL.

Teaching and Assessment

• Mode of study: In person
• Methods of assessment:
  • 70% Exam
  • 30% In-class activity (2 assessments)
• Mark scheme: Numeric Marks

Other Information

• Number of students on module in previous year: 126
• Module leader: Dr Nuru Giritli

Module Deliveries for 2026/27 Academic Year

• Intended teaching term: Terms 1 and 2
• Undergraduate (FHEQ Level 5)