What is Economics?
Help in understanding what economics is and the research we do in the school.
Economics is the study of the incentives that shape and reconcile the decisions that individuals, businesses, governments and societies make, and the macroeconomic outcomes such as economic fluctuations, growth, unemployment and crises, which may arise from those decisions.
In our research at the School of Economics we address key challenges in labour and macroeconomics. We focus on the big picture questions of how frictions in the labour and financial markets aggregate up to the macroeconomy. We look for new developments from a foundational understanding of underlying markets including labour and credit markets, development, human capital formation, trade, health and inequality, institutions, theories of individual and group behaviour. You can read some of our focus papers to better understand the work that we do.
We have a team of theorists and empiricists with microeconomic, macroeconomic, empirical, and behavioural perspectives who share a common ambition to work at the interface between fields to study the aggregate economy: a team that works collectively and collaboratively (in-house, nationally, within Europe and internationally) to pursue this study through a common lens of informational, contractual, and institutional frictions, heterogeneity and inequality . You familiarise yourself with the academic team ahead of your arrival.