This course develops intermediate-level tools for analysing economic behaviour and macroeconomic dynamics using formal economic models and data. Students examine how individuals and firms make decisions under constraints through models of rational choice, revealed preference, demand, risk, behavioural deviations, and strategic interaction. Using computational tools and simulated datasets, students estimate economic models, simulate market outcomes, and interpret equilibrium behaviour in competitive environments. 

The course also introduces key macroeconomic frameworks used to analyse economic fluctuations and long-run growth. Students apply models such as IS–LM, the expectations-augmented Phillips Curve, open-economy macroeconomics, intertemporal current account analysis, and the Solow growth model to evaluate monetary and fiscal policy, exchange rate movements, capital flows, and the effects of technological change. 

Throughout the course, emphasis is placed on integrating quantitative modelling with economic reasoning to interpret contemporary economic developments and communicate structured economic analysis relevant to business and policy contexts.