Long Term Evolution (LTE) is a promising wireless network which assures a peak data rate of 100Mbps in the downlink and 50 Mbps in the uplink. In this paper, the physical layer characteristics of LTE as prescribed by 3GPP draft is analyzed in terms of Throughput and BER under various channel conditions, modulation schemes and channel band bandwidth. From the results obtained, it is observed that the throughput for a stationary user at the edge of a macro cell is reduced to half the ideal value. It is also observed that better performance is achieved when lower order modulation schemes are adapted for higher bandwidth and vice versa.