EC1A5 Half Unit
This information is for the 2021/22 session.
Prof Alan Manning 32L.2.36A
This course is compulsory on the BSc in Economic History. 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, BSc in Politics and International Relations and BSc in Psychological and Behavioural Science. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.
This course offers a conceptual introduction to microeconomics principles and uses these to shed light on important contemporary economic questions across a range of fields. You will study consumers and producers, competitive and monopolistic markets, inequality and taxation, market failure and what can be done about it. The ideas of microeconomics will be used to analyse a variety of topics including climate change, the minimum wage, universal basic income, the impact of technology on work, immigration, discrimination the gender pay gap and what we should do about the tech giants. You will develop the skills and intuition to tackle important microeconomic questions using a minimal amount of mathematics (in particular, without the use of calculus).
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.
20 hours of lectures and 9 hours of classes in the MT.
Students will submit weekly problems sets, and feedback will be provided for two of these. Solutions will be available for both problem sets and weekly Moodle quizzes.
The course will loosely follow the following textbook. Any edition can be used.
- Microeconomics – Daron Acemoglu, David I. Laibson, and John A. List (note the content is also part of the textbook Economics by the same authors).
The following source will be useful for applications and discussion of core microeconomic issues:
- The Economy, Economics for a changing world. The Core Team.
Exam (90%, duration: 2 hours) in the January exam period.
Coursework (10%) in the MT.
Total students 2020/21: Unavailable
Average class size 2020/21: Unavailable
Capped 2020/21: No
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of numeracy skills