EC202     
Microeconomic Principles II

This information is for the 2016/17 session.

Teacher responsible

Prof Frank Cowell 32L3.25A and Prof Alessandro Gavazza 32L.4.21

Availability

This course is compulsory on the BSc in Econometrics and Mathematical Economics. This course is available on the BSc in Accounting and Finance, BSc in Business Mathematics and Statistics, BSc in Economic History with Economics, BSc in Economics, BSc in Economics and Economic History, BSc in Economics with Economic History, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics, BSc in Statistics with Finance, Diploma in Accounting and Finance and MSc in Economics (2 Year Programme). This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

Pre-requisites

Students must have completed either Economics A (EC100) or Economics B (EC102). In addition they  must have a suitable mathematical background: students who have thoroughly mastered mathematics to the level of Quantitative Methods (Mathematics) (MA107) should be able to follow the course, but would find it difficult. Mathematical Methods (MA100) would give a better grounding.

 

Course content

This is an intermediate course in microeconomic analysis. The coverage is similar to Microeconomic Principles I. However a greater mathematical facility will be assumed of the student permitting both greater depth and a number of additional topics, such as duality, to be covered. Further details are available on http://darp.lse.ac.uk/Frankweb/courses/ec202/.

Teaching

20 hours of lectures and 10 hours of classes in the MT. 20 hours of lectures and 10 hours of classes in the LT.

A one-hour revision lecture will be scheduled in the MT.

Formative coursework

Students are urged to attempt the assigned problems before attending classes. At least four pieces of written work will be required and marked by class teachers.

Indicative reading

The text for the course is Cowell, F.A. (2006) Microeconomics: Principles and analysis, Oxford University Press, Oxford. Additional readings to complement the lecture notes on specific topics from other books or articles will be indicated as needed.

Assessment

Exam (50%, duration: 2 hours, reading time: 15 minutes) in the LT week 0.
Exam (50%, duration: 2 hours, reading time: 15 minutes) in the main exam period.

The Lent term examination is based on the Michaelmas term syllabus, and the Summer exam on the Lent term syllabus.

Key facts

Department: Economics

Total students 2015/16: 209

Average class size 2015/16: 16

Capped 2015/16: No

Lecture capture used 2015/16: Yes (MT & LT)

Value: One Unit

Guidelines for interpreting course guide information

Course survey results

(2013/14 - 2015/16 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 82%

Question

Average
response

Reading list (Q2.1)

2.9

Materials (Q2.3)

2.7

Course satisfied (Q2.4)

2.6

Lectures (Q2.5)

2.9

Integration (Q2.6)

2.4

Contact (Q2.7)

2.4

Feedback (Q2.8)

2.4

Recommend (Q2.9)

Yes

37%

Maybe

48%

No

15%