EC1A3      Half Unit
Microeconomics I

This information is for the 2021/22 session.

Teacher responsible

Prof Ronny Razin 32L.4.01

Availability

This course is compulsory on the BSc in Actuarial Science, BSc in Data Science, BSc in Economics and Economic History, BSc in Environmental Policy with Economics, BSc in Finance, BSc in Financial Mathematics and Statistics, BSc in Geography with Economics, BSc in International Social and Public Policy and Economics, BSc in Management, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Mathematics, Statistics and Business, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics and BSc in Philosophy, Politics and Economics. This course is available on the BA in Geography, BSc in Accounting and Finance, BSc in Economic History and Geography, BSc in Environment and Development, BSc in Politics and BSc in Politics and International Relations. This course is available as an outside option to students on other programmes where regulations permit. This course is available with permission to General Course students.

Pre-requisites

A-level mathematics, or equivalent.

Course content

This course introduces students to the principles of microeconomics analysis. You will study the foundations of consumer and producer theory, competitive and monopolistic markets, welfare analysis and taxation, market failure, as well as an introduction to game theory. With this acquired knowledge, you will be able to analyse a number of important problems in a range of applications.

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 either EC1B3 or EC1B5, exempts those who complete them from BA1 Fundamentals of Business Economics.

Teaching

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

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.

Optional suggested further reading is listed below. Any edition of these books can be used.

  • Further reading on topics: Microeconomics – Daron Acemoglu, David I. Laibson, and John A. List (note the content is also part of the textbook Economics by the same authors).
  • Further readings on tools: Jacques, I. Mathematics for Economics and Business, Pearson.

Assessment

Exam (90%, duration: 2 hours) in the January exam period.
Coursework (10%) in the MT.

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