Applied Microeconomics 2

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

• Analyse microeconomic policy issues involving a variety of market failures and develop policy proposals that reflect that analysis
• Build and use simple economic models that capture the basic issues involved in microeconomic policy analysis
• Evaluate alternative policy proposals from an economic perspective

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.

Teaching and learning methods

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Resources & Reading list

Textbooks

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.

Assessment strategy

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.

Summative

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

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

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.

Repeat Information

Repeat type: Internal & External