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 2019/20

None

Available as a Free Standing Elective

Yes

Co-requisites

None

Prerequisites

none


Barred Combinations

None


Description for 2019/20

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; will be achieved by assessments: 1 ,2
explain basic intuitive economic reasoning and apply intuitive economic arguments to the analysis of individuals┐/firms┐ behaviour;
will be achieved by assessments: 1,2
describe and evaluate how markets are presumed to function and in what way markets may be argued to be efficient; will be achieved by assessments: 1,2
describe the nature of externalities and evaluate their effect on economic efficiency.
will be achieved by assessments: 1,2

Study hours

24 hours lectures
5 hours tutorials
20 hours preparation for tutorials
20 hours preparations for assignment
2 hours exam
79 hours self study


School Rules

None

Description of Module Assessment

1: Class Test weighted 30%
Online test consisting of multiple choice, true/false and fill in the blank type of questions
Online test contains numerical exercises and tests conceptual understanding using multiple choice, true/false and fill in the blank type of questions. Duration of 50 minutes.

2: Unseen Exam weighted 70%
2 hour unseen examination
2 hour examination covering the whole course.