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Curricular information is subject to change
The aim of this module is to give you the conceptual basis and the necessary tools for understanding modern microeconomics. By the end of the module, you should have an understanding of basic microeconomic theory of consumer behaviour and the theory of the producer behaviour. You 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 you will also have plenty of practice at problem solving through attendance at tutorials and self-directed learning.
Indicative Module Content:The course textbook is: Jeffery Perloff, Microeconomics, 7th ed., Pearson Prentice Hall International Edition. Note, however, that I will NOT be following the book and it is provided as an extra resource. The lectures will be the primary source.
1. Consumer Theory
a. Budget constraints; preferences; utility; choice;
b. Utility maximization and derivation of individual demand;
c. Market demand; consumer surplus.
2. Theory of the Firm
a. Production; isoquant; costs;
b. Cost minimization and derivation of cost function;
c. Profit maximization and derivation of firm supply and industry supply.
3. Equilibrium
a. Equilibrium
b. Externalities.
Student Effort Type | Hours |
---|---|
Lectures | 24 |
Tutorial | 12 |
Autonomous Student Learning | 80 |
Total | 116 |
Not applicable to this module.
Description | Timing | Component Scale | % of Final Grade | ||
---|---|---|---|---|---|
Exam (In-person): Final exam. | n/a | Alternative linear conversion grade scale 40% | No | 50 |
|
Exam (In-person): Midterm exam done in class. Those with an approved extenuating circumstance will have a resit the final week of term. | n/a | Alternative linear conversion grade scale 40% | No | 40 |
|
Quizzes/Short Exercises: Six online quizzes due every other week. Full marks on submission with five of the six counting for grades. There is no makeup for missed quizzes. Dates listed in the syllabus. | n/a | Alternative linear conversion grade scale 40% | No | 10 |
Resit In | Terminal Exam |
---|---|
Spring | Yes - 2 Hour |
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Online automated feedback
Not yet recorded.
Name | Role |
---|---|
Professor Aisling Reynolds-Feighan | Lecturer / Co-Lecturer |
Aditi Kharb | Tutor |