The module shows microeconomic analysis at work in a number of areas of policy concern, and develops simple models that help us both to understand central problems of microeconomic policy analysis and evaluate alternative policy options.
Pre-requisite for ECON3007
One of the pre-requisites for ECON3004 and ECON3034.
Pre-requisites: ECON1007 and (ECON1001 or ECON1003) and (ECON1005 or ECON1008)
Having successfully completed this module you will be able to:
This module builds on the introductory microeconomic analysis of markets by focusing on the idea of market failure and a range of arguments for microeconomic policy interventions. It introduces the analysis of uncertainty and the role of information and applies the analysis of market failure in a variety of policy contexts.
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| Type | Hours |
|---|---|
| Teaching | 24 |
| Independent Study | 126 |
| Total study time | 150 |
Hindriks, Jean, and Gareth D. Myles (2013). Intermediate Public Economics. MIT Press.
Stiglitz, Joseph E., and Jay K. Rosengard (2015). Economics of the Public Sector: Fourth international student edition. WW Norton & Company.
The module will be assessed by a
Midterm Individual Online Assignment 20%.
Group Online Assignment 30%.
Final Individual Online Assignment 50%.
Referral and external repeat assessment are through 100% Individual Online Assignment.
This is how we’ll formally assess what you have learned in this module.
| Method | Percentage contribution |
|---|---|
| Group work | 30% |
| Final Assessment | 50% |
| Individual assignment | 20% |
This is how we’ll assess you if you don’t meet the criteria to pass this module.
| Method | Percentage contribution |
|---|---|
| Final Assessment | 100% |
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
| Method | Percentage contribution |
|---|---|
| Final Assessment | 100% |
Repeat type: Internal & External