2017/18 Undergraduate Module Catalogue
LUBS2140 Intermediate Microeconomics
10 creditsClass Size: 367
Module manager: Dr Jeremy Toner
Email: J.P.Toner@its.leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2017/18
Pre-requisite qualifications
LUBS1950 AND (at least one of) LUBS1280 OR LUBS1525 OR MATH1050This 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 SchoolObjectives
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.
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 |
| Office Hour Discussions | 10 | 1.00 | 10.00 |
| Revision Class | 3 | 1.00 | 3.00 |
| Lecture | 20 | 1.00 | 20.00 |
| Seminar | 5 | 1.00 | 5.00 |
| Private study hours | 62.00 | ||
| Total Contact hours | 38.00 | ||
| 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 | |
Resit will be 100% by exam.
Reading list
The reading list is available from the Library websiteLast updated: 06/12/2017
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