Aims and Fit of Module
This module aims to provide students with a solid foundation of intermediate level microeconomic theory. There is a strong focus on the development of microeconomic intuition. It develops and extends on six of the fundamental microeconomic topics – Consumer Theory, Producer Theory, Industrial Organisation, Risk and Uncertainty, General Equilibrium, and Public Goods/Externalities. The module prepares students for more advanced modules in their next level of study.
A. Analyse problems in microeconomics in a range of theoretical and applied settings.
B. Apply microeconomic intuition to a range of real or hypothetical scenarios.
C. Understand the role of microeconomic assumptions, their implications, and what happens if they are relaxed.
Method of teaching and learning
This module will be delivered via a combination of lectures and tutorials. Lectures are designed to provide essential information and introduce students to the basic tools of analysis used in Microeconomics. Tutorials will provide students with a learning opportunity designed to extend the material introduced in the lectures through the in-depth analysis of specific problems from various topics covered in the module.