If you find any data displayed on this website that should be amended, please contact the Curriculum Management Team.
Module Title
LI Microeconomics
School
Birmingham Business School
Department
Economics
Module Code
08 30397
Module Lead
TBC
Level
Intermediate Level
Credits
20
Semester
Semester 1
Pre-requisites
Co-requisites
Restrictions
Available to students studying in Dubai. Available to all students who have been allowed onto the second year of a degree programme for which it is compulsory or who have passed Principles of Economics.
This core module covers intermediate microeconomics. It provides students with a broader, yet more in-depth understanding of core microeconomic topics covered in the introductory Principles of Economics module and equips students with the analytical skills and tools that are necessary for undertaking a more comprehensive economic analysis. This module provides the solid underpinning needed in all microeconomics - based modules in subsequent terms.
At the start, the module is primarily concerned with the theories of consumer behaviour under certainty and uncertainty, including game theory. Then, it covers the firm and the theory of perfectly and imperfectly competitive markets. The module introduces general equilibrium analysis and then develops students’ understanding of externalities and public goods, before concluding with the introduction of asymmetric information.
The module adopts microeconomic methods and tools used in the real-life economic analysis. Basic mathematical techniques and calculus are used.
Learning Outcomes
By the end of the module students should be able to:
demonstrate knowledge and critical understanding of core microeconomic theories and concepts;
analyse the workings of different market structures;
apply core microeconomic concepts to various economic situations, such as producer and consumer optimal decisions, efficiency and welfare, market failure.
Assessment
30397-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
30397-03 : 1500 word assignment : Coursework (50%)
Assessment Methods & Exceptions
Assessment: 1500-word equivalent individual written coursework (50%) 2-hour final exam (50%)
