ECON20200

Learning Outcomes:

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 Hours:

Approaches to Teaching and Learning:

The primary learning approach will be in-class lecture and discussion. Note that discussion is an equal part of this and students will need to engage during class time in order to succeed. Further, note that slides will NOT be used during class. Students are encouraged to become active note-takers during both the lecture and discussion portions of class time.

The use of AI is not permitted in this module. Plagiarism risk is high when using AI, and it is not acceptable to submit AI-generated content as it is. If you use AI to generate answers in online MCQs, this is considered academic misconduct. If you copy and paste entire AI-generated answers, it will be considered plagiarism. Even AI co-created work is considered collusion if you present it all as your own. Note, AI-generated lists of publications and other sources are predictions only; they may not truly exist, therefore you should check all sources of information provided for accuracy. Please note that if academic misconduct is suspected, you may be asked to discuss or explain components of your assignment to determine the authenticity of the work”. Please refer to the UCD Student Academic Misconduct Procedure.

Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles

Incompatibles:
ECON20010 - Intermediate Microeconomics I


 

Assessment Strategy

 

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
• Online automated feedback

How will my Feedback be Delivered?

Not yet recorded.

Jeffery Perloff, Microeconomics, 7th ed., Pearson Prentice Hall International Edition.

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.