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
| Type | Hours |
|---|---|
| Independent Study | 118 |
| Teaching | 32 |
| Total study time | 150 |
Resources & Reading list
Microeconomics.
Microeconomics Theory and Applications with Calculus.
Intermediate Microeconomics.
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
| Method | Percentage contribution |
|---|---|
| Coursework | 20% |
| Exam (2 hours) | 80% |
Referral
| Method | Percentage contribution |
|---|---|
| Exam | 100% |