Microeconomics 2 (L1031)
Microeconomics 2
Module L1031
Module details for 2019/20.
15 credits
FHEQ Level 5
Module Outline
This module develops the economics principles learned in the first year (Microeconomics 1). Alternative market structures, such as oligopoly and monopolistic competition are studied and comparisons drawn with perfect competition and monopoly. Decision-making under uncertainty and over multiple time periods is introduced, relaxing some of the
restrictive assumptions made in the first year module. The knowledge gained is applied to such issues as investment in human capital (e.g. education), saving and investment decisions, insurance and criminal deterrence.
Module learning outcomes
Have demonstrated systematic understanding of the principles at the forefront of economics
Be able to use the power of abstraction to focus upon the essential features of an economic problem and to provide a systematic framework for the coherent and critical evaluation of the effects of policy or other exogenous events.
Be able to analyse an economic problem or issue using an appropriate theoretical framework, recognise its limitations and appreciate uncertainties around such analyses.
Have learned to understand the importance of, and be able to construct, rigorous argument to help evaluate ideas, including those at the forefront of research.
| Type | Timing | Weighting |
|---|---|---|
| Coursework | 20.00% | |
| Coursework components. Weighted as shown below. | ||
| Essay | T1 Week 8 | 100.00% |
| Take Away paper | Semester 1 Assessment10:00 | 40.00% |
| Multiple Choice questions | Autumn Semester Week 11 Fri 16:00 | 40.00% |
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 |
|---|---|---|---|
| Autumn Semester | 1 hour | 22222022222 | |
| Autumn Semester | 1 hour | 11111011111 |
How to read the week pattern
The numbers indicate the weeks of the term and how many events take place each week.
Mr Matteo Madotto
Convenor, Assess convenor
https://www.sussex.ac.uk/profiles/518890
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