2008/09 Undergraduate Module Catalogue

LUBS2140 Intermediate Microeconomics

10 creditsClass Size: 260

Module manager: Dr Jeremy Toner
Email: jtoner@its.leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2008/09

Pre-requisites

LUBS1240	Mathematics and Statistics for Business and Economics 1
LUBS1950	Economic Theory and Applications 1

This module is approved as an Elective

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?" and "What are the implications of Morrison's take-over of Safeway?"Further information about the Business School is available on the website: Business School

Objectives

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

Syllabus

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

Delivery type	Number	Length hours	Student hours
Lecture	16	1.00	16.00
Seminar	5	1.00	5.00
Private study hours			79.00
Total Contact hours			21.00
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

Exams

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

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 31/03/2009

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