EC1A1      Half Unit
Microeconomics I

This information is for the 2021/22 session.

Teacher responsible

Dr Dimitra Petropoulou 32L.2.29

Availability

This course is compulsory on the BSc in Econometrics and Mathematical Economics and BSc in Economics. This course is not available as an outside option nor to General Course students.

Pre-requisites

Students must have completed Economics (EC1P1).

Course content

This course builds on the knowledge in EC1P1 and introduces students to the principles of microeconomics analysis, including recent developments in thinking around decision-making. Topics will include consumer decision making under constraints and under uncertainty, an introduction to behavioural economics, and firm decision-making in different market structures, whereas insights from game theory will inform analysis of interdependent choices. Insights from consumer and producer theory will be combined with evidence to address important policy-relevant questions and explore the role of government policy.

This course is accredited by the Chartered Institute of Management Accountants (CIMA) for the purpose of exemption from some professional examinations through the Accredited degree accelerated route. This course, in combination with EC1B1, exempts those who complete them from BA1 Fundamentals of Business Economics.

Teaching

20 hours of lectures and 9 hours of classes in the LT.

Formative coursework

There are weekly assignments, two of which will be marked and feedback provided. 

Indicative reading

There is no set textbook for this course. There will be supplementary reading from journal articles and recent reports. Students will be expected to critically discuss the theoretical ideas and models taught by engaging with the required reading alongside working through microeconomic problems.

Students wishing to complement their study of the lecture material can consult, among others, the following textbooks (though this is not a requirement). Any edition can be used.

• Varian, H. Intermediate microeconomics: with calculus, W.W. Norton & Company

• Perloff, J.M. Microeconomics: theory & applications with calculus, Pearson.

Students wishing to read further or refresh mathematical tools can consult:

• Jacques, I. Mathematics for Economics and Business, Pearson.

Assessment

Exam (85%, duration: 2 hours) in the summer exam period.
Coursework (15%) in the LT.

Key facts

Department: Economics

Total students 2020/21: Unavailable

Average class size 2020/21: Unavailable

Capped 2020/21: No

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Self-management
  • Team working
  • Problem solving
  • Communication
  • Application of numeracy skills