University of Sussex Business School

Microeconomics 1 (L1053)

Microeconomics 1

Module L1053

Module details for 2019/20.

15 credits

FHEQ Level 4

Module Outline

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.

Module learning outcomes

Have demonstrated a critical understanding of the principles of economics

Be able to use the power of abstraction to focus upon the essential features of an economic problem and to provide a framework for the critical understanding and evaluation of the effects of policy or other exogenous events.

Have demonstrated the ability to carry out self-directed study and research

Have learned to understand the importance of, and be able to construct and develop, rigorous argument to help evaluate ideas.

Take Away paperSemester 2 Assessment50.00%
Coursework components. Weighted as shown below.
TestT2 Week 7 (30 minutes)20.00%
TestT2 Week 11 (30 minutes)20.00%
Computer Based ExamA2 Week 3 (2 hours 30 minutes)60.00%

Submission deadlines may vary for different types of assignment/groups of students.


Coursework components (if listed) total 100% of the overall coursework weighting value.

TermMethodDurationWeek pattern
Spring SemesterSeminar1 hour01111111111
Spring SemesterLecture1 hour21212121212

How to read the week pattern

The numbers indicate the weeks of the term and how many events take place each week.

Dr Selma Walther

Convenor, Assess convenor

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