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2018/19 Undergraduate Module Catalogue

LUBS2140 Intermediate Microeconomics

10 creditsClass Size: 490

Module manager: Michael Reynolds

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2018/19

Pre-requisite qualifications

LUBS1950 AND (at least one of) LUBS1280 OR LUBS1525 OR MATH1050

This module is not approved as a discovery module

Module summary

The aim of this module is to give students a grounding in microeconomic theory and application. Special attention will be paid to giving students the skills they need to function as practising economists able to contribute to debates such as: - Do social security payments reduce the incentive to work?- What are the implications of Morrison's take-over of Safeway?Further information about the Business School is available on the website: Business School


On completion of this module, students will:
- have an intermediate level knowledge of partial equilibrium analysis in microeconomics;
- be able to use more advanced techniques in the application of economic models to the study of microeconomic problems.


The module will adopt a partial equilibrium approach, covering consumer optimisation over time and under uncertainty, producer optimisation, production and cost functions and the theory of the firm - competition, monopoly, oligopoly, imperfect competition.

Teaching methods

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information

Delivery typeNumberLength hoursStudent hours
Office Hour Discussions101.0010.00
Revision Class31.003.00
Private study hours62.00
Total Contact hours38.00
Total hours (100hr per 10 credits)100.00

Opportunities for Formative Feedback

- Formative assessment will be given through feedback in classes as you go through the exercises. Students should have attempted the exercises before the relevant class.
- In addition, students will be given the opportunity to write a practice essay (which will not count towards the grade for the module) and/or to undertake a sample examination paper.

Methods of assessment

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 12/12/2018 10:48:53


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