ECO-20046 - Intermediate Microeconomics
Coordinator: Shiva Sikdar Tel: +44 1782 7 34372
Lecture Time: See Timetable...
Level: Level 5
Credits: 15
Study Hours: 150
School Office: 01782 733094

Programme/Approved Electives for 2020/21

None

Available as a Free Standing Elective

Yes

Co-requisites

None

Prerequisites

ECO-10028, Introductory Microeconomics



Barred Combinations

None


Description for 2020/21

The module provides students with a deeper understanding of how economists analyse decision making by consumers and businesses. The study of markets identifies causes of their functioning under the perfect competition paradigm.

Aims
This module provides students with knowledge of several main topics in microeconomics. By the end of the semester, students should have a firm analytical framework, enabling them to analyse many economic environments, and have the skills to progress to a more advanced study of microeconomics at level 6. Moreover, students should be able to apply many of the theoretical tools they have learned to situations in everyday life.

Intended Learning Outcomes

apply basic ideas of choice, optimisation and equilibrium to the analysis of consumer theory and the theory of the firm: 1,2
describe and evaluate how markets are presumed to function and in what way markets may be argued to be efficient: 1,2
describe the nature of externalities and evaluate their effect on economic efficiency
: 2
explain basic intuitive economic reasoning and apply intuitive economic arguments to the analysis of individuals┐/firms┐ behaviour
: 2

Study hours

20 hours lectures
4 hours tutorials
20 hours preparation for tutorials
20 hours preparations for assignment
2 hours exam
84 hours self study


School Rules

None

Description of Module Assessment

1: Computer Task weighted 30%
Online test consisting of multiple choice, true/false and fill in the blank type of questions
50-minutes computer-based test which will be available on KLE for 24-hours to answer and submit your answers. Students should know that they will have 24-hours access to their computer-based test, but when they start the test they should finish and submit their answer in 50 minutes, otherwise the KLE will submit their answer automatically. Answers should be as accurate and concise as possible. Online test contains numerical exercises and tests conceptual understanding using multiple choice, true/false and fill in the blank type of questions.

2: Online Tasks weighted 70%
Take-away Exam
Take-away exam which will be available on KLE for 24-hours to answer and submit your answer via Turnitin File. Although students have been given significant time to complete this exam script, we expect most students to spend no more than 2 hours to complete and submit their answers via Turnitin (with a maximum of 2000 words). Answers should be as accurate and concise as possible.