Objectives: Economics is the science of allocating scarce resources among competing social wants. Microeconomics describes how individuals and firms make informed tradeoffs between alternatives in order to improve their well being. Macroeconomics, on the other hand, is the study of the economy as a whole in an attempt to explain aggregate trends. This intermediate module is designed to develop further the concepts introduced in ECON1604 (now called MATH0002) and to prepare students for optional modules in economics taken in the third year. The emphasis will be on understanding the main economic models thoroughly so that they may be applied to analyse real-world policymaking. As always, while a mathematical approach is encouraged throughout, the main concepts are also illustrated graphically. Furthermore, emphasis is placed on the intuition behind the concepts to enable more profound understanding. Nevertheless, students in this module require fluency in both algebra and calculus. Required Texts: Blanchard, OJ and DR Johnson (2012), Macroeconomics, 6th Edition (Global Edition), Pearson Education, USA (ISBN-13: 978-0273766339) Varian, HR (1992), Microeconomic Analysis, 3rd Edition, WW Norton and Company, New York, NY, USA (ISBN: 0-393-95735-7)