UNIVERSITY OF LONDON 
EC1002: Introduction to economics 
Final Examination Guide and Notes 2025 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Final Examination - Hints and Tips 
 
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EC1002 - Introduction to economics (Solutions)

£35.00

ACADEMIC YEAR 2024 - 2025

University	University of London
Module Code	EC1002
Module Level	Level 4
Credit Value	30
Module Name	Introduction to economics
Notes Title	Final Examination Guide and Notes
Page Length	122

Consolidate and practise the skills you have acquired with step‐by‐step guidance from our top tutors in EC1002: Introduction to economics at the University of London, enabling you to reach your full potential. This comprehensive revision guide covers all the examinable material for the course. Within its pages, you will find a detailed analysis of each topic as specified in the course outline. Every learning outcome is thoroughly explored, with clear diagrams to support your understanding and aid retention. This guide is an invaluable resource for revising topics and preparing effectively for your exam.

EC1002: Introduction to economics is a foundational course offered by the University of London that introduces the core principles of economic analysis and reasoning—an essential base for more specialised study. Students must have completed all elements of a prerequisite course before registration and should take this course either alongside or after Statistics 1 (ST104A) and Mathematics 1 (MT105A) or Calculus (MT1174).

Both microeconomics and macroeconomics are covered in this course, focusing on vital areas in each field. In microeconomics, topics include consumer behaviour, the theory of the firm, market dynamics (demand and supply), factor markets, and the coordination of welfare. The macroeconomics component explores aggregation, the goods market, money and banking, general equilibrium, inflation and the Phillips Curve, unemployment, exchange rate determination, economic growth, business cycles, and international trade. On successful completion, students will be equipped to explain, apply, and critically assess economic models and methods.

MODULE CODE	MODULE NAME
AC1025	Principles of Accounting
AC2091	Financial Reporting
AC2097	Management Accounting
AC3059	Financial Management
EC1002	Introduction to Economics
EC2020	Elements of Econometrics
EC2065	Macroeconomics
EC2066	Microeconomics
FN1024	Principles of Banking and Finance
FN2029	Financial Intermediation
FN2190	Asset Pricing and Financial Markets
FN2191	Principles of Corporate Finance
FN2203	Principles of Asset Pricing
FN2208	Financial Data Analysis
FN3023	Investment Management
FN3092	Corporate Finance
FN3142	Quantitative Finance
FN3204	Investments and Portfolio Management
FN3206	Derivatives and Risk Management
MN1178	Business and Management in a Global Context
MN2028	Managerial Economics
MN3141	Marketing Management
ST104A	Statistics 1
ST104B	Statistics 2
ST2187	Business Analytics, Applied Modelling & Prediction

EC1002 - Introduction to economics (Solutions)

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