ECON20180 Intermediate Microeconomics II

Academic Year 2022/2023

This is the second module in a two-semester study of intermediate microeconomics. The first module, ECON20010 Microeconomics I, covered the analysis of Demand and Supply, Consumer Theory, Producer Theory, and Competitive Markets. Students should take ECON20010 prior to taking ECON20180. (Note: Students can take ECON20180 even if they have failed ECON20010). ECON20180 builds on the topic of competitive markets with an analysis of Economic Welfare. It then examines outcomes under imperfectly competitive markets, decision-making under Uncertainty and with Asymmetric Information, Externalities, and Public Goods. A reasonable level of mathematical background is assumed.

Show/hide contentOpenClose All

Curricular information is subject to change

Learning Outcomes:

The aim of this course is to give students the conceptual basis and the necessary tools for understanding modern microeconomics and how it may be used by individuals, firms and policy makers to analyse and resolve problems. It will also provide a valuable foundation for choosing and understanding advanced optional modules offered by the School of Economics.

Student Effort Hours: 
Student Effort Type Hours
Lectures

22
Tutorial

10
Autonomous Student Learning

81
Total

113
Approaches to Teaching and Learning:
Not yet recorded 
Requirements, Exclusions and Recommendations
Learning Recommendations:

Intermediate Microeconomics I (ECON20010)
Principles of Microeconomics (ECON 10010)
Introduction to quantitative economics (ECON 10030) - or equivalent e.g Maths for Business (MATH 10030) or Introduction to Analysis (MATH 10130)


Module Requisites and Incompatibles
Incompatibles:
ECON10720 - Microeconomics for Business, ECON30110 - Microeconomics II, ECON42460 - Microeconomic Theory 2


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Multiple Choice Questionnaire: Midterm Test Varies over the Trimester n/a Alternative linear conversion grade scale 40% No

30
Examination: 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
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Online automated feedback

How will my Feedback be Delivered?

Not yet recorded.