Micro, macro and international — human behaviour, described mathematically.
Economics is the subject most often taught as vocabulary and most usefully taught as reasoning. It is not a body of facts about money; it is a set of tools for thinking about what happens when people with their own goals and incomplete information interact inside a shared structure.
Forty sessions: microeconomics, then macroeconomics, then international. Built to be argued with, not memorised — the models are presented together with the conditions under which they fail.
What you need before starting: Light prior knowledge, not concept-zero. Every programme is built to be entered without prior exposure to the specific subject.
Every rule is derived rather than issued. The programme is designed to be entered without prior exposure to the subject — light prior knowledge, not concept-zero.
TopicsOpportunity cost, PPF, efficiency, three fundamental questions, economic systems
TopicsIndividual/market demand, income/substitution effects, determinants, normal/inferior goods
TopicsLaw of supply, equilibrium price/quantity, surplus and shortage dynamics
TopicsPED definition/calculation, determinants, elastic/inelastic/unit elastic, revenue test
TopicsIncome elasticity, cross-price elasticity, PES, short-run vs long-run elasticity
TopicsTotal/marginal utility, utility maximisation, consumer surplus, indifference curves
TopicsIncome/substitution effects, Giffen goods, deriving demand curves, welfare
TopicsProduction function, MP of labour, diminishing returns, short-run cost curves
TopicsLong-run production, returns to scale, LRAC, economies/diseconomies of scale
TopicsPrice taker, MR = MC, short-run supply, break-even and shut-down
TopicsLong-run equilibrium, zero economic profit, entry/exit dynamics, efficiency
TopicsBarriers to entry, natural monopoly, MR curve, profit maximisation
TopicsDeadweight loss, first/second/third degree price discrimination, regulation
TopicsProduct differentiation, short/long-run equilibrium, interdependence, game theory
TopicsPrisoner's dilemma, dominant strategy, Nash equilibrium, cartel stability
TopicsMarginal revenue product, wage determination, human capital, monopsony
TopicsCapital demand, interest rates, NPV, rent and land allocation
TopicsPositive/negative externalities, Coase theorem, Pigouvian taxes/subsidies
TopicsNon-rivalry/non-excludability, free-rider, adverse selection, moral hazard, signalling
TopicsMulti-market analysis, welfare economics, real-world case studies
TopicsCircular flow, GDP expenditure/income/production approach, nominal vs real, limitations
TopicsConsumption function, MPC, investment, government, net exports, AD curve
TopicsSRAS, LRAS, AD-AS framework, recessionary/inflationary gaps
TopicsDemand-pull vs cost-push, Phillips curve, hyperinflation, real vs nominal rates
TopicsFrictional/structural/cyclical unemployment, NAIRU, Okun's law, wage rigidities
TopicsCapital accumulation, labour, productivity, Solow model, convergence hypothesis
TopicsFunctions of money, M1/M2/M3, fractional reserve banking, money multiplier, OMO
TopicsInterest rate transmission, QE, inflation targeting, Taylor rule, central bank independence
TopicsAutomatic stabilisers, discretionary policy, budget sustainability, Ricardian equivalence
TopicsRelative effectiveness, transmission lags, rules vs discretion, credibility, international coordination
TopicsCyclical patterns, leading indicators, recession propagation, RBC vs Keynesian views
TopicsExchange rate definition, PPP, interest rate parity, fixed vs floating regimes
TopicsAbsolute vs comparative advantage, gains from specialisation, terms of trade
TopicsTariffs, quotas, export subsidies, infant industry argument, trade agreements
TopicsCurrent/financial account, BOP identity, deficits/surpluses, capital mobility
TopicsBretton Woods, gold standard, floating exchange rates, SDRs, EM financial crises
TopicsGrowth in developing economies, institutions, poverty, inequality, aid effectiveness
TopicsEnvironmental externalities, carbon pricing, resource scarcity, global coordination
Topics2008 financial crisis, pandemic economics, inequality, automation, digital economy
TopicsCurrent economic conditions, forecasting, policy design, trade-offs, capstone case studies
Every session includes a problem set with full written solutions. Progress tracking and individual feedback throughout, and a conversational programme textbook written for the course.
A group opens when four students are ready.