Intermediate Microeconomics

Module code: ECON2542

Module description

An intermediate level module that will further the understanding of Economics from the level 4 modules,  in an applied manner. The application of theoretical concepts to economic events will be determined by economic issues that are predominating at the time. The microeconomic application in the first part will  cover optimal decision making of consumer behaviour. The understanding of market structures will be developed with the recognition of market failure and imperfect information leading to an examination of imperfect markets and asymmetric information. Elements of oligopoly theory and game theory will be used to give an applied examination of the concepts.

Contact hours per student per year

• Lectures: 22 hours
• Tutorials: 22 hours

Assessments

• Individual assignment (1000 words): 40%
• Exam: 60%

Additional costs: No extra costs other than purchase of books