Clare College Cambridge

Studying Economics


The Cambridge Course

Economics at Cambridge is a three-year course (called the Economics Tripos) that provides students with an unparalleled introduction to the subject. The first year of the course (Part I) consists of five compulsory papers in Microeconomics, Macroeconomics, Quantitative Methods in Economics, Political and Social aspects of Economics and British Economic History.

The second year (Part IIA) consists of three compulsory papers in Microeconomics, Macroeconomics and Econometrics, plus one optional paper chosen from a range that includes International Trade and Development, Mathematics and Statistics for Economists, Labour Economics, History and Philosophy of Economics, Historical Perspectives on Economic Growth, as well a number of different Politics and Sociology papers.

The third year (Part IIB) consists of two compulsory papers in Microeconomics and Macroeconomics, a compulsory dissertation and two papers chosen from a range of options that includes Economic Theory and Analysis, Banking and Finance, Public Economics, The Economics of Developing Countries, Industry and many more. The website of the Faculty of Economics provides lots of useful information for prospective applicants.

In Cambridge, Economics is not studied jointly with other subjects (such as a foreign language). However in a very small number of cases it is sometimes possible to combine two different courses by switching from one course to another after the first or second year; for example students occasionally read Part 1 Mathematics and then switch into Economics in their second year. Applicants who are considering this should discuss the possibilities with the Admissions Tutor before applying.

Studying Economics at Clare

All Economics undergraduates at Cambridge follow the same course regardless of their College, so why should you choose to study Economics at Clare? Part of the reason, of course, may be nothing to do with the subject itself: Clare is a beautiful College with a rich intellectual history, located in the heart of Cambridge, close to both the Faculty of Economics and the University Library. But you should also bear in mind that while all Economics undergraduates follow the same course, your education will differ between Colleges because each individual College is responsible for organising your supervision teaching, a crucial part of the Cambridge teaching system.

At Clare we pride ourselves on the quality of our supervision teaching, drawing on both the expertise of our own Economics Fellows as well as that of Economists located in other Cambridge Colleges and departments. We believe that supervisions are the key to ensuring our students get the most out of the Economics Tripos and that our efforts in securing the highest quality supervision teaching are an important factor in our excellent exam results.

There are currently four teaching Fellows in Economics at Clare. Prof Giancarlo Corsetti works on topics within International Economics and Open Economy Macroeconomics. Dr Phil Faulkner, who is Director of Studies for Part I and Part IIA Economics, works on a variety of philosophical issues in Economics and primarily teaches microeconomic theory. Dr Flavio Toxvaerd, whose research includes issues within industrial economics, regulation, corporate finance and game theory, teaches microeconomics and related topics. Dr Melvyn Weeks, Director of Studies for Part IIB Economics, is an econometrician who works on a range of applied and theoretical topics and who teaches statistics and econometrics.

Clare has a long tradition of excellence in Economics, with former Fellows of the College including Professors Brian Reddaway, Robin Matthews and Martin Weale. The College is also extremely active in promoting the subject, most notably hosting the annual Clare Distinguished Lecture in Economics and Public Policy, which in recent years has been given by figures such as Joseph Stiglitz, Barry Eichengreen, Adair Turner, Jean-Claude Trichet and Mohan Munasinghe. In addition, the student-run Economics society regularly arranges events such as talks and dinners.


Reading Lists

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