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Economics is no longer accepting new applications.
Teaching
Teaching for the Diploma consists of weekly lectures and classes in each of the three core subjects: Microeconomics, Macroeconomics and Econometrics.
Students are also required to attend lectures provided in the second year of the undergraduate course and are encouraged to attend other lectures in areas in which they have a particular interest.
The Diploma has a five-day compulsory preparatory course which aims to introduce students to the fundamentals of the three core subjects.
| One to one supervision | All diploma students will be assigned a Director of Studies who will be their formal supervisor for the course. They will arrange to meet students early October and then ongoing as agreed.
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| Seminars & classes | Sixty-six hours of classes in total – 22 hours for each of Microeconomics, Macroeconomics and Econometrics per year. Students will be expected to complete Problem Sets during each term. |
| Lectures | The total number of lecture hours for the course is 54 – 18 hours for each of Microeconomics, Macroeconomics and Econometrics, plus 112 hours of undergraduate lectures. The preparatory course consists of 36 hours of lecture time per year. |
Feedback
Students attend weekly classes in each of the three core subjects and are required to produce written work which is handed in for a regular assessment. Classes in problem sets are an essential component of the compulsory subjects taken by students. The problem sets provide practice in developing methods of analysis introduced in the lectures. It is essential to do the problem sets in order to understand the material and to prepare for the examinations. It is very important that students have an incentive to do each problem set and regularly receive feedback on their work. Problem set classes will be of 2 hours’ duration, held in weeks 5 to 8, with each problem set issued a week in advance, of the submission date.
Mid-course examinations in each of the core subjects take place in January, marks are recorded, but do not count towards the final degree result.
Assessment
Thesis / Dissertation
There is no thesis for this course.
Essays
Students submit an Econometrics project undertaken during a ten-day period in the Easter Term; this counts for 40 per cent of the final exam mark for Paper 3 (Econometrics).
Written examination
At the end of the course students sit three-hour papers in Microeconomics (Paper 1) and Macroeconomics (Paper 2), and a two-hour paper for Econometrics (Paper 3).
Other
Mid-Course examinations will be held for the Microeconomics, Macroeconomic, and Econometrics Papers and are held just before the Lent Term lectures begin. The examinations will be of one hour duration. These mock exams will give students the opportunity to practice under examination conditions for the formal May examinations, and will also give a good indication of progress.