Microeconomics

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Understand the role of assumptions in microeconomic models and identify the potential limitations of such models
• Apply core economic principles and reasoning to microeconomic topics, including externalities, public goods, and the analysis of policy interventions
• Identify essential features of microeconomic problems and recognise the difference between exogenous shocks, policy instruments and economic outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• The application of core microeconomic concepts to applied topics, including the analysis of government interventions
• The fundamental theoretical and practical concepts of microeconomics
• Basic microeconomic theory and the methods of microeconomics

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Communicate reasoned arguments using diagrams and in writing

Summative

This is how we’ll formally assess what you have learned in this module.