EC304 Principles of Economics, EC305/EC306 Mathematics for Economics Mode A or B, EC309 Statistics for Economics, or equivalent
OverviewThis is the core microeconomics module taken by all students following Economics degrees. It builds on the material covered in the Stage 1 Economics modules. The titles of many of the topics covered will be familiar, but the topics are dealt with in greater depth and with more theoretical rigour than in first year.
Microeconomics is concerned with the behaviour of individual economic agents such as consumers, firms and governments. As such, it provides the foundations for understanding all types of economics, including macroeconomics. An understanding of microeconomics ranges from essential to helpful for all other Economics modules you take.
The module is carefully designed to tell you what topics will be covered in lectures, give (alternative and/or complementary) readings, and provide a set of different types of questions and problems for seminars to test and extend your understanding of the material as well as to improve your key skills such as communication, problem solving, team work, and learning how to study efficiently.
This module appears in:
Method of assessment
16% In Course Tests (4 x 4%)
4% Seminar participation
80% Examination (3 hours)
R Frank and E Cartwright, Microeconomics and Behaviour (2nd ed), McGraw-Hill, 2016
H Varian, Intermediate Microeconomics, A Modern Approach (9th ed), Norton, 2014
W Morgan, M Katz and S Rosen, Microeconomics (2nd ed), McGraw Hill, 2009
By the end of the module, you will be able to
understand the relevance of microeconomics to the real world.
understand, analyse and evaluate contemporary market systems.
appreciate that you learnt and developed a variety of different skills, such as essay writing and communication and analytical skills, and acquired problem-solving experience. These skills are essential not only to the study of Economics, but also, in the longer term, to a successful career.