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Module Title LI Microeconomics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 28536
Module Lead Kamilya Suleymenova
Level Intermediate Level
Credits 20
Semester Full Term
Pre-requisites
Co-requisites
Restrictions 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 AB.
Contact Hours Lecture-40 hours
Seminar-48 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-112 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions
Description This core module covers intermediate microeconomics. It provides students with a more in-depth understanding of core microeconomic topics covered in the introductory Principles of Economics AB 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 the final year.
In the first part (semester 1), the module is primarily concerned with the theories of the firm and consumer behaviour, and the theory of perfectly competitive markets, supply and demand analysis.
In the second part (semester 2), it examines microeconomic methods and tools used in real-life economic analysis. Following this study of markets, monopoly, game theory, oligopoly, externalities and public goods are discussed and analysed in more depth. Particular attention is paid to public policy applications of this analysis. Basic mathematical techniques and calculus are used in this module.
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 28536-01 : Problem Set 2 : Coursework (10%)
28536-02 : Problem Set 1 : Coursework (10%)
28536-03 : Exam : Exam (Centrally Timetabled) - Written Unseen (80%)
Assessment Methods & Exceptions 2 problem sets (10% each), 3-hour written unseen examination (80%)

Reassessment: 3-hour written unseen examination (100%)
Other Duplicate of Dubai-based module 08 30397
Reading List