Managerial Economics deals with fundamental managerial economic problems and presents ways of analysing these cost accounting, investment, and finance theories. The teaching of Political Economics is divided into two parts. Microeconomics deals with small-scale economic factors such as individual commodities, producers, consumers, etc. Macroeconomics deals with large-scale or general economic factors such as government income and expenditure, the balance of payments, employment levels, inflation, national productivity, and ideas about an open economy. Part 2 has obligatory courses in the Theory of Probability and Statistics as well as going further with the subject matter from Part 1.
Students can put together their own combination of courses with advice from a supervisor.
A final thesis is required. Lectures for first year students are held in auditoriums, while theoretical exercises are held for groups of about 20 students. The latter typically involves exercises, and each group is supervised by an instructor. For Part 2, teaching is a combination of lectures to smaller groups, seminars, and exercises. Further information may be obtained by contacting the Student Counselling for Science.