Downing College Fresher's Reading List for Economics 2017-18

The Faculty of Economics does not lay down any specific preparatory reading for Part I economists. Nevertheless, regular reading of The Economist and the Financial Times are useful to familiarise yourself with current issues and developments in the global economy. Both can be obtained by regular subscription at considerably reduced rates allowing free internet access and searches over back issues.

The books listed below are some of the core and supplementary reading required during Part I and it would be useful to look at these before arriving to gauge the sort of material covered and the depth of analysis required. There is no need to buy these books because they will be available in the Downing College library. It would be a matter of personal choice whether you ultimately buy any of them and this decision should NOT be made until the lecturer for the course has given specific advice. Books marked with an asterisk are recommended texts for the course concerned.

General Introduction

 Dasgupta, P. (2007), Economics: A Very Short Introduction, Oxford: Oxford University Press.
 Heilbronner, R. (1953), The Worldly Philosophers, seventh edition, Touchstone Paperbacks. (4 million copies sold to date.)

Microeconomics: Paper 1

* Morgan, W., Katz, M. L. and H. S. Rosen (2009), Microeconomics, second European edition, McGraw Hill.
* Pindyck, R. and D. Rubinfield (2008), Microeconomics, seventh edition, Pearson Education.
* Dixit, A., Skeath, S. and D. H. Reiley (2009), Games of Strategy, third revised edition, New York: W. W. Norton.
 Varian, H. (2010), Intermediate Microeconomics, eighth edition, New York: W. W. Norton.

Macroeconomics: Paper 2

 Mankiw, N. G. and Taylor, M. P. (2007), Macroeconomics, European edition, Worth.
**Mankiw, N. G. (2007), Macroeconomics, sixth edition, Worth.
* Blanchard, O. and D. R. Johnson (2012), Macroeconomics, sixth Edition, Pearson Education.
* Jones, C. (2012), Introduction to Economic Growth, second edition, New York: W. W. Norton.

Quantitative Methods in Economics: Paper 3

 Chaing, A. (2005), Fundamental Methods of Mathematical Economics, fourth edition, McGraw Hill.
*Pemberton, M. and N. Rau (2011), Mathematics for Economists, third edition, Manchester: Manchester University Press.
*Lind, D. and W. Marchal (2008), Statistical Techniques in Business and Economics, thirteenth edition, Irwin.
*Aczel, A. D. (2007), Complete Business Statistics, sixth edition, McGraw Hill.
 Thomas, R. L. (2009), Using Mathematics in Economics, sixth edition, Prentice Hall.
* Bradley, T. and P. Patten (2008), Essential Mathematics for Economics and Business, third edition, John Wiley and Sons.

For this paper, it would be useful to bring to Cambridge any A level notes (or equivalent) and any textbook used at school or college. Gap year students will find it very helpful to review school or college Mathematics before coming to Cambridge.

Political and Sociological Aspects of Economics: Paper 4

Hefferman, R., Cowley, P and C. Hay (2011), Developments in British Politics 9, London: MacMillan.
Edwards, P. (2003), Industrial Relations: Theory and Practice, second edition, Oxford: Wiley Blackwell.
* Marr, A. (2009), A History of Modern Britain, Pan.
Donkin, R. (2010), The History of Work, London: Palgrave MacMillan.
Easterlin, R. (2004), The Reluctant Economist: Perspectives on Economics, Economic History and Demography, Cambridge: Cambridge University Press.
Beattie, A. (2010), False Economy: A Surprising Economic History of the World, London: Penguin.

British Economic History: Paper 5

*Flood, R. and P. Johnson (2004), The Cambridge Economic History of Modern Britain, Cambridge: Cambridge University Press.
Mathias, P. (1983), The First Industrial Nation, Oxford: Oxford University Press.
Solomou, S. (1996), Themes in Macroeconomic History, Cambridge: Cambridge University Press.
Broadberry, S. and S. Solomou (1986), The British Economy Between the Wars: A Macroeconomic Survey, Oxford: Blackwell.
Hudson, P. (1992), The Industrial Revolution, London: Arnold.
*Wrigley, E. A. (2010), Energy and the English Industrial Revolution, Cambridge: Cambridge University Press.

Information on Calculators and Computers

The Economics Faculty requires students taking examinations to use a particular model of electronic calculator which has been approved and stamped by the University. For examinations in 2014-15 the approved models will be:

CASIO FX 115 (any version)
CASIO FX 570 (any version)
CASIO FX 991 (any version)

Any of these can be purchased in Cambridge and if you already own one of the above calculators it can be approved and stamped by the Faculty.

Many students reading Economics already have their own personal computer. However, the Economics Faculty has a computer room with machines accessible to all students and these machines will provide all the facilities needed for academic work. Downing College also has a computer room which provides suitable facilities. If you bring your own computer, be aware that the specialist economic and statistical software used in the Faculty is mostly available for Microsoft Windows computers only and that all public computers in the Faculty run Windows. It is much easier if you have a Windows-compatible PC rather than an Apple Macintosh or Linux machine not matter how desirable that might be for you. It will be useful if the machine has word processing and spreadsheet software (preferably Microsoft Office or OpenOffice). Internet security (anti-virus and firewall software) is also strongly recommended: the College will insist that such software is installed before allowing students to connect to the networks.

The courses for Part I of the Economics Tripos will not require other specialist software. In Parts IIA and IIB of the Tripos, however, specialist software designed explicitly for statistical work in Economics will be required, for example, EViews or STATA. The Faculty provides this software on the network: although it cannot provide copies for individual students to install on their own machines, in some cases 'student copies' can be purchased at a discounted rate.

Although the Faculty provides a network of public workstations attached to the network, it is not possible to plug computers belonging to individual students into the Faculty network and run the Faculty's specialist software. Nevertheless, wireless internet access and power sockets are available in the Faculty's Marshall library. The College provides internet access for those living in College and it will usually be possible to access Faculty resources from machines connected in this way.

Professor John McCombie
Director of Studies in Economics