Taught in a non-technical way, the Introduction to Economics course at the University of Warwick will provide you with a sound knowledge of and an ability to apply the key principles of economics to every day events. Within this course, we will look at both microeconomics and macroeconomics: that is, the study of individuals, consumers and firms, as well as looking at the wider economy and concepts such as economic growth, unemployment and the financial crises.
The course will begin by exploring the fundamental economic question. We live in a world with scarce resources, including oil, money, time, energy and goods and services. However, we have unlimited wants. Therefore, we consider how these scarce resources are allocated and in doing so, we will explore the importance of choice. The course will then develop many fundamental concepts, ideas and models that economists use to study all the questions that result from this fundamental economic problem.
Is this course suitable for me?
If you are thinking about a future career that may involve knowing some Economics, but have never studied it before or simply want to know more about the subject, then this course is well designed for you. It would also be of benefit to anyone working in the public or private sectors where having a basic understanding of economics would be useful.
The aim of this course will be to provide you with the tools you need to think like an economist. We will aim to draw upon a variety of applications to demonstrate the important role that economics plays in shaping the lives of everyone. We will aim to explain why the wages of teachers, civil servants and nurses are less than accountants and solicitors and why tube strikes occur, but accountant strikes don’t. We will provide students with an understanding as to how governments decide whether to invest money in the existing rail infrastructure or build HS2, why flood insurance is so problematic and why countries are inclined to host big sporting events, such as the World Cup and the Olympics.
Upon completion of this course, students should be able to:
- Explain what it means to ‘think like an economist’.
- Understand the role of marginal costs and benefits in making economic decisions at the individual, firm and government level.
- Demonstrate the difference between macroeconomic and microeconomic issues.
- Apply the tools of economic analysis to a range of issues.
- Assess how effective markets are at allocating resources and when there may be a role for government intervention.
- Analyse the behaviour of firms and how the degree of competition can explain market outcomes.
- Examine the economic performance of nations and use economic theory to explain the progress of economies.
- Understand the growing interdependence of nations and how this can be used to offer an explanation for the global nature of the financial crises.
Get more detailsVisit official programme website
The topics to be covered include:
- The key economic problem.
- Choice and opportunity cost and the production possibilities.
- Different economic systems.
- Demand and Supply
- Competitive markets.
- Imperfect competition and firm behaviour.
- Game Theory and Strategic Behaviour.
- Market Failure and government intervention.
- Application of policy.
- Economic growth and the business cycle.
- Unemployment and inflation.
- The financial crises and the role of the banking sector.
- Fiscal and Monetary Policy.
- Trade, Development and the interdependence of nations.
- Globalisation and the emergence of the BRICs.
- 21 days
Start dates & application deadlines
- StartingApplication deadline not specified.
Home/EU students can apply after the 31st May if our courses are not yet full, as immigration permission should not be required.
Typical credit: 3-4 credits (US) 7.5 ECTS points (EU)
DisciplinesEconomics Finance View 38 other Short Courses in Economics in United Kingdom
We are not aware of any academic requirements for this programme.
We are not aware of any English requirements for this programme.
- There are no prerequisites for this course. This course is open to anyone who is curious about studying Economics.
- We welcome individuals from all backgrounds, including students who are currently studying another subject but who want to broaden their knowledge in another discipline.
- Students should also meet our standard entry requirements and must be aged 18 or over by the time the Summer School commences and have a good understanding of the English language.
International2300 GBP/fullTuition FeeBased on the tuition of 2300 GBP for the full programme during 21 days.
EU/EEA2300 GBP/fullTuition FeeBased on the tuition of 2300 GBP for the full programme during 21 days.
- Student rate (includes a 10% discount until 30 April) - £2070
- Standard rate (includes a 10% discount until 30 April) - £2790
- Full student rate (after 30 April) - £2300
- Full standard rate (after 30 April) - £3100
Student rates apply to any student enrolled at a University or College anywhere in the world.
Living costs for London
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
Apply and win up to €10000 to cover your tuition fees.
Updated in the last 6 months
Check the official programme website for potential updates.