Microeconomics 1 (L1053)

15 credits, Level 4

Spring teaching

This module develops consumer and producer theory, examining such topics as consumer surplus, labour supply, production and costs of the firm, alternative market structures and factor markets. It explores the application of these concepts to public policy, making use of real-world examples to illustrate the usefulness of the theory.

Teaching

62%: Lecture
38%: Seminar

Assessment

20%: Coursework (Test)
80%: Examination (Unseen examination)

Contact hours and workload

This module is 150 hours of work. This breaks down into 27 hours of contact time and 123 hours of independent study.

This module is running in the academic year 2018/19. We also plan to offer it in future academic years. It may become unavailable due to staff availability, student demand or updates to our curriculum. We’ll make sure to let our applicants know of such changes to modules at the earliest opportunity.

Courses

This module is offered on the following courses: