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The University of Southampton
Courses

ECON2001 Applied Microeconomics 2

Module Overview

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

Aims and Objectives

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

Syllabus

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.

Learning and Teaching

Teaching and learning methods

.

TypeHours
Teaching24
Independent Study126
Total study time150

Resources & Reading list

Intermediate Public Economics. 

Economics of the Public Sector. 

Economics of the Public Sector. 

Assessment

Assessment Strategy

The module will be assessed by a final 2-hour examination and an assigned Team Project.

Summative

MethodPercentage contribution
Essay 15%
Exam  (2 hours) 85%

Referral

MethodPercentage contribution
Exam 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Pre-requisites: ECON1007 AND (ECON1001 OR ECON1003) AND (ECON1005 OR ECON1008)

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