Intermediate Microeconomics

Module code: ECN201

Microeconomics is the area of economics which studies the behaviour and interaction of economic agents (individuals, firms and the government). This module builds on level one modules in microeconomics and mathematical economics, using the mathematical training to allow a more rigorous investigation of the principles of microeconomics.

Aims of the module

The aims of the module are:

  • to build upon a basic knowledge of microeconomics and mathematical economics, towards an ability to understand and explain the constructs of intermediate microeconomics
  • to develop an understanding and ability to undertake economic analysis of models of the behaviour and interaction of economic agents (consumers, firms and government) in a market economy, the functioning of different types of industries, decision making under uncertainty and economic welfare

Learning objectives

The intended learning outcomes are that by the end of the module a successful student should be able to:

  • demonstrate a broad understanding of intermediate microeconomic theory
  • apply concepts, theories and methods used in the study of microeconomics to the analysis of consumer behaviour, firm behaviour and economic policies

Syllabus

Provisional:

  • Consumer theory
  • Production and cost theory
  • Market power
  • Information and uncertainty
  • Externalities and public action
  • General equilibrium

Teaching methods

Lecture-workshops, surgeries and small group sessions

Assessment

Unseen three-hour examination worth 100% of the total mark which takes place at the end of semester two

Basic reading

We advise you not to buy books before the module begins, as the reading list may change. If you wish to read in advance, look for these texts in the University library

Provisional:

Varian, HR (2014) Intermediate Microeconomics: A Modern Approach, 9th edition, Norton

Estrin, S; Laidler, D; Dietrich, M (2012) Microeconomics, 6th edition, Pearson

Prerequisites ECN130 and either ECN118, ECN119 or equivalent MAS units

Module leader Jolian McHardy

Please note that the leader may change before the module begins

Semester Academic year

Credits 20