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.
| Type | Timing | Weighting |
|---|---|---|
| Take Away paper | Semester 2 Assessment | 50.00% |
| Coursework | 50.00% | |
| Coursework components. Weighted as shown below. | ||
| Test | T2 Week 7 (30 minutes) | 20.00% |
| Test | T2 Week 11 (30 minutes) | 20.00% |
| Computer Based Exam | A2 Week 3 (2 hours 30 minutes) | 60.00% |
Timing
Submission deadlines may vary for different types of assignment/groups of students.
Weighting
Coursework components (if listed) total 100% of the overall coursework weighting value.
| Term | Method | Duration | Week pattern |
|---|---|---|---|
| Spring Semester | Seminar | 1 hour | 01111111111 |
| Spring Semester | Lecture | 1 hour | 21212121212 |
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
https://www.sussex.ac.uk/profiles/449805
Please note that the University will use all reasonable endeavours to deliver courses and modules in accordance with the descriptions set out here. However, the University keeps its courses and modules under review with the aim of enhancing quality. Some changes may therefore be made to the form or content of courses or modules shown as part of the normal process of curriculum management.
The University reserves the right to make changes to the contents or methods of delivery of, or to discontinue, merge or combine modules, if such action is reasonably considered necessary by the University. If there are not sufficient student numbers to make a module viable, the University reserves the right to cancel such a module. If the University withdraws or discontinues a module, it will use its reasonable endeavours to provide a suitable alternative module.