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The University of Southampton

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


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


Independent Study126
Total study time150

Resources & Reading list

Hindriks, Jean, and Gareth D. Myles (2013). Intermediate Public Economics. 

Stiglitz, Joseph E., and Jay K. Rosengard (2015 ). Economics of the Public Sector: Fourth international student edition. 


Assessment Strategy

The module will be assessed by a take-home Final Assignment, Tutorial Classes participation and an assigned Team Project.


MethodPercentage contribution
Exam 70%
Group work 20%
Participation 10%


MethodPercentage contribution
Exam  (2 hours) 100%


MethodPercentage contribution
Exam  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Linked modules

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

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