ECON20010 Intermediate Microeconomics

Academic Year 2021/2022

This is an intermediate microeconomics course. Relative to first-year modules in microeconomics, this module provides a more formal approach. All concepts will be discussed intutively, graphically, and mathematically. By representing the basic ideas about markets, the demand and supply of goods in a mathematical manner, it allows us to solve more complex problems. The module will examine the derivation of individual and market demand and the derivation of firm and market supply curves. Different market structures will be examined towards the end of the module. The required textbook for this module is Microeconomics by Jeffrey Perloff. This module is a core requirement for all students taking economics as a major or minor subject in Stage 2. This includes (a) economics as a single subject major (b) economics as major in a joint major programme (c) economics in a major/minor combination.

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Curricular information is subject to change

Learning Outcomes:

The aim of this module is to give students the conceptual basis and the necessary tools for understanding modern microeconomics. By the end of the module, students should have an understanding of basic microeconomic theory of consumer behaviour and the theory of the firm. Students will have a clear understanding of the assumptions behind these microeconomic models and of the techniques used to analyse them. Students should be familiar with simple models of industrial organisation. On successful completion of this module students will also have plenty of practice at problem solving through attendance at tutorials and self-directed learning.

Indicative Module Content:

Consumer and Producer Theory
Market Structures

Student Effort Hours: 
Student Effort Type Hours
Autonomous Student Learning

80
Lectures

20
Tutorial

10
Total

110
Approaches to Teaching and Learning:
The material is presented in 2 lectures per week. In addition, tutorials will be used to conduct small-group problem based learning. 
Requirements, Exclusions and Recommendations
Learning Recommendations:

Principles of Microeconomics (ECON 10010) and
Introductory quantitative economics (ECON 10030) - or equivalent
e.g Maths for Business 1 (MATH 10010) or
Introduction to Analysis (MATH 10130)


Module Requisites and Incompatibles
Incompatibles:
ECON10720 - Microeconomics for Business, ECON20200 - Int Microeconomics (ECON&FIN), ECON42450 - Microeconomic Theory


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: 2 hour written final exam 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No

75
Multiple Choice Questionnaire: Mid-semester MCQ test Unspecified n/a Alternative linear conversion grade scale 40% No

25

Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Grades for assessments will be made available to students post-assessment. Detailed assessment solutions will also be made available to students.

"Microeconomics" by Jeffrey Perloff. Global Edition