Faculty of Economics

Preliminary Part 1 Reading List


This reading list is designed to provide information about the scope and content of Part I of the Economics Tripos at Cambridge. It aims to help potential candidates who are thinking of applying to read Economics at Cambridge, and to allow schools to advise such candidates. Directors of Studies may also find it useful to send copies of this reading list to candidates holding conditional or firm offers of admission. The books on the list have been chosen to be widely available (for example, in school or public libraries) and where possible to be relatively inexpensive. Books marked with an asterisk are recommended texts for the course concerned, and are therefore more advanced than most of the other material on this list. However candidates may find it useful to obtain these books before coming to Cambridge in October.

You will find it easier to understand many of the issues covered in the course if you have a basic familiarity with key developments in Britain, Europe and the world in the 20th century. For this reason the list also includes a number of books on historical topics. These are not assigned to any specific Tripos paper.

General Introduction

Dasgupta, P. Economics: A Very Short Introduction. Oxford University Press
Chang, H-J.: Economics: A User’s Guide, Pelican, 2014

Microeconomics and Macroeconomics

Begg, D K H, S Fischer and R Dornbusch, Economics (latest edition), McGraw-Hill
Greenaway, D and G K Shaw, Macroeconomics: Theory and Practice in the UK (latest edition), Blackwell
Heilbroner, R, The Worldly Philosophers (latest edition), Penguin
*Mankiw, N G, and M.P. Taylor, Macroeconomics (latest edition), Worth
*Varian, H, Intermediate Microeconomics (latest edition), Norton

Quantitative Methods in Economics

*Lind, D, W Marchal and R Mason, Statistical Techniques in Business and Economics (latest edition), Irwin, Homewood
*Aczel, A D, Complete Business Statistics (latest edition), Irwin, Homewood
Pratten, C F, Applied Macroeconomics (latest edition), Oxford University Press
Artis, M J and others, The UK Economy: A Manual of Applied Economics (latest edition), Weidenfiled and Nicolson
Thomas, R L, Using Mathematics in Economics, Longman
*Bradley, T and P Patton, Essential Mathematics for Economics and Business (latest edition), Wiley
*Pemberton, M and N Rau, Mathematics for Economists (2nd edition) , Manchester University Press

Political and Sociological Aspects of Economics

Chang, H-J (2014), Economics: The User’s Guide. A Pelican Introduction.
Chang, H-J (1994), The Political Economy of Industrial Policy. Palgrave Macmillan.
Faucher-King, F. and P. Le Gales (2010). The New Labour Experiment Change and Reform Under Blair and Brown. Stanford University Press.
Kavanagh, D and Morris P (1994), Consensus Politics from Attlee to Major. Oxford: Blackwell.
Landes, D (1998). The Wealth and Poverty of Nations: Why Some Are So Rich and
Some So Poor. New York: W.W. Norton.
North, D (1990). Institutions, Institutional Change and Economic Performance.
Cambridge: Cambridge University Press.
Wallace, H., M A Pollack and  A Young (2014), Policy-Making in the European Union. Oxford.

British Economic History

*Floud, R., Humphries, J. & Johnson, P. (2015) Cambridge Economic History of Modern Britain, 2 volumes.
*Wrigley, E.A. (2010) Energy and the English Industrial Revolution, CUP 

Background reading on UK, European and World History

Clarke, P, Hope and Glory, Penguin
Mazower, M, Dark Continent: Europe’s Twentieth Century, Penguin
Vinen, R, A History in Fragments: Europe in the Twentieth-Century, Little Brown
Hobsbawm, E, Age of Extremes: the Short Twentieth Century 1914-1991, Abacus
Judt, T, PostWar, Pimlico
Landes, D S, The Wealth and Poverty of Nations: Why Are Some So Rich and Others So Poor?, Norton Diamond, J, Guns, Germs and Steel, Vintage 

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 the approved models will be the

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

You will be able to buy this when you arrive in Cambridge, so you should not purchase a new calculator before you get here. If you already own any of the above calculators you will be able to have it approved and stamped when you arrive in Cambridge.