Microeconomics: Consumer and Firm Behaviour
| Code | School | Level | Credits | Semesters |
| ECON4017 | Economics | 4 | 15 | Autumn UK |
- Code
- ECON4017
- School
- Economics
- Level
- 4
- Credits
- 15
- Semesters
- Autumn UK
Summary
This module covers foundations of consumer theory, decision-making under risk, elements of the theory of imperfect competition, and incomplete information in markets.
Target Students
Available for students on the MSc Economic Development and Policy Analysis (MEDPA), MSc Financial Economics and MSc Financial and Computational Mathematics degrees. Also available for PGR Economics students.
Classes
This module is delivered through a combination of lectures and tutorials.
Assessment
- 100% Exam 1 (2-hour): Exam
Assessed by end of autumn semester
Educational Aims
Demonstrate knowledge and understanding of topics in modern microeconomic analysis, including an appreciation of the role played by economic modelling within the broader discipline. This will be complemented by the further development of your skills in identifying appropriate techniques for solving particular problems and, more generally, critical analysis.Learning Outcomes
A Knowledge and Understanding. Students should demonstrate:
A1. A broad knowledge of advanced core areas of economics, including economic concepts, principles and tools
A2. An understanding of advanced theoretical methods (including graphical and mathematical representations of economic ideas)
B Intellectual Skills. Students should be able to:
B1. Model the essential features of complex economic systems
B2. Use analysis, deduction and induction to solve economic problems