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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 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

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

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

Resit will be 100% by exam.

Reading list

The reading list is available from the Library website

Last updated: 06/12/2017


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