ECON1003 Principles of Microeconomics
The aim of this unit is to introduce students who have some prior knowledge of economics to the core principles and techniques of microeconomic theory.
Module Details
Title: Principles of Microeconomics
Code: ECON1003
Year: 1
Semester: 1
CATS points: 15 ECTS points: 7.5
Level: Undergraduate
Co-ordinator(s): Dr Carmine Ornaghi
Pre-requisites and / or co-requisites
A Level Economics
Programmes in which this module is compulsory
Core for students who studied Economics at A-Level and who are registered on:
| Programme | UCAS Code | Programme length |
|---|---|---|
| BSc Economics | L100 | 3 years |
| BSc Economics and Finance | L1NH | 3 years |
| BSc Accounting and Economics | NL41 | 3 years |
| BSc Economics and Management Sciences | L112 | 3 years |
| Bsc Economics and Actuarial Science | L1N3 | 3 years |
| M.Econ Master in Economics | L101 | 4 years |
The aim of this unit is to introduce students who have some prior knowledge of economics to the core principles and techniques of microeconomic theory. This unit, combined with ECON1002 - Principles of Macroeconomics – will provide an appropriate foundation for subsequent economic units.
This unit introduces basic microeconomic principles. It will cover:
- Markets Forces of Supply and Demand, Elasticity, Government
Intervention and the Theory of Consumer Choice.
- The Efficiency of Markets and Application to Taxation and International
Trade.
- Externalities and Public Goods
- Firm Behaviour and the Organisation of the Industry: Costs of Production,
Competitive Markets, Imperfect Competition.
Study time allocation
Contact hours: 32
Private study hours: 118
Total study time:
150
hours
Teaching and learning methods
Lectures, masterclasses & surgeries.
Resources and reading list
Available on Blackboard
Assessment methods
This module assessment will be based:
80% on a 2-hour closed book final examination, and 20% coursework.
In the event of you having to resit this unit, your coursework marks will not be carried forward.