2017/18 Undergraduate Module Catalogue
LUBS2140 Intermediate Microeconomics
10 creditsClass Size: 367
Module manager: Dr Jeremy Toner
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2017/18
Pre-requisite qualificationsLUBS1950 AND (at least one of) LUBS1280 OR LUBS1525 OR MATH1050
This module is not approved as a discovery module
Module summaryThe 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
ObjectivesOn 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.
|Office Hour Discussions
|Private study hours
|Total Contact hours
|Total hours (100hr per 10 credits)
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
|% of formal assessment
|Standard exam (closed essays, MCQs etc)
|2 hr 00 mins
|Total percentage (Assessment Exams)
Resit will be 100% by exam.
Reading listThe reading list is available from the Library website
Last updated: 06/12/2017
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