The University of Southampton
Courses

ECON1003 Principles of Microeconomics

Module Overview

This module, combined with ECON1002 - Principles of Macroeconomics – will provide an appropriate foundation for subsequent economic modules.

Aims and Objectives

Module Aims

To introduce students who have some prior knowledge of economics to the core principles and techniques of microeconomic theory.

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Understand the technical language of economics
  • Apply the basic concepts of microeconomic analysis and use appropriate tools in solving economic problems
  • Recognise the consequences of government intervention to the functioning of markets

Syllabus

This module introduces basic microeconomic principles. It will cover: - Consumer 's theory - Competitive firm - Game Theory - Competitive equilibrium - First welfare theorem - Monopoly - Externalities and public goods.

Learning and Teaching

TypeHours
Teaching32
Independent Study118
Total study time150

Resources & Reading list

Microeconomics. 

Intermediate Microeconomics. 

Microeconomics Theory and Applications with Calculus. 

Assessment

Assessment Strategy

The module assessment will be based on a 2-hour closed book final examination (80%), and two assessed courseworks (10% each). The courseworks and the final examination test the ability of students to use the theoretical concepts and tools learnt during the course in solving and analysing economic problems.

Summative

MethodPercentage contribution
Exam  (2 hours) 80%
Group Assignment 10%
Group Assignment 10%

Referral

MethodPercentage contribution
Exam 100%
Share this module Facebook Google+ Twitter Weibo

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×