ECON20010 Intermediate Microeconomics I

Academic Year 2022/2023

This is the first module in a two semester intermediate microeconomics sequence. Intermediate Microeconomics II completes the sequence. Relative to first-year modules in microeconomics, this module provides a more formal approach. All concepts will be discussed intutively, graphically, and mathematically. The module will focus on consumer theory and applications of consumer theory. It will also explore topics on Uncertainty and Asymmetric Information. 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 associated applications. Students will have a clear understanding of the assumptions behind these microeconomic models and of the techniques used to analyse them. 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 Theory
Uncertainty
Asymmetric Information

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 one 2 two-hour lecture 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
Multiple Choice Questionnaire: Mid-semester MCQ test Unspecified n/a Alternative linear conversion grade scale 40% No

30

Examination: 2 hour written final exam 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No

70


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
Name Role
Tatiana Bezdenezhnykh Tutor
Kira Finan Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Autumn
     
Lecture Offering 1 Week(s) - 7, 9, 10, 11, 12 Fri 12:00 - 13:50
Lecture Offering 1 Week(s) - Autumn: Weeks 1-6 Fri 12:00 - 13:50
Tutorial Offering 1 Week(s) - 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 11:00 - 11:50
Tutorial Offering 3 Week(s) - 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Wed 11:00 - 11:50
Tutorial Offering 7 Week(s) - 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Mon 13:00 - 13:50
Tutorial Offering 9 Week(s) - 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Mon 15:00 - 15:50
Tutorial Offering 13 Week(s) - 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Wed 10:00 - 10:50
Autumn