Programme And Module Handbook
Course Details in 2023/24 Session

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Module Title LI Microeconomics
SchoolBirmingham Business School
Department Economics
Module Code 08 30397
Module Lead TBC
Level Intermediate Level
Credits 20
Semester Semester 1
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.
Contact Hours Lecture-60 hours
Guided independent study-140 hours
Total: 200 hours
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 30397-01 : Test : Class Test (25%)
30397-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
30397-03 : 1000 word assignment : Coursework (25%)
Assessment Methods & Exceptions Assessment: Canvas test (25%), 1000-word coursework (25%) & 2-hour examination (50%)
Reassessment: by failed element
Other Duplicate of Bham-based module 08 28536
Reading List