This module builds on the introductory microeconomic module to provide an intermediate microeconomics course that takes account of the policy issues and controversies in the application and understanding of microeconomic issues. It introduces the fundamental theoretical foundations of microeconomics and provides examples of their application. Importantly, it considers how to collect and use economic evidence and data to understand microeconomic behaviour, issues, debates and policies. It considers how much actual behaviour differs from optimising behaviour.
The module provides an analysis of the way in which the market system functions as a mechanism for coordinating the independent choices of individual economic agents. It addresses the behaviour and decision making of consumers and firms, and evaluates the efficiency and equity implications of competition and other market structures. The role of government in incentivising types of economic behaviour and addressing market failure is explored.
Directed learning time 200 hours
Private study time 100 hours
Total study hours: 300
Only available on Economics BSc (Professional Economist) course
Compulsory to the following courses:
• BSc Economics (Hons) (Professional Economist)
• MSc Economics Conversion (Distance-Learning)
Main assessment methods
VLE Quiz 1 (50 minutes) (15%)
VLE Quiz 2 (50 minutes) (15%)
Take Home Examination, 3 hours (70%)
Reassessment method
100% coursework
Taken again in the following trimester, in order to achieve the overall pass mark of 40%
The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices.
The most up to date reading list for each module can be found on the university's reading list pages.
See the library reading list for this module (Canterbury)
On successfully completing the module students will be able to:
The module outcomes have references to the knowledge, skills and behaviours defined by the Institute for Apprenticeships and Technical Education for the Professional Economist (Integrated Degree): Professional economist (integrated degree) / Institute for Apprenticeships and Technical Education
1. Understand the fundamental theoretical foundations of microeconomics (K1, K2)
2. Analyse the behaviour and interaction of economic agents in a market economy (K1, K2, K3, K4, K5, K6)
3. Apply concepts, theories and methods used in the study of microeconomics to the analysis of consumer, firm and government behaviour and economic policies, issues and debates (K1, K2, K4, K5, K6)
4. Understand, analyse and evaluate decision making under uncertainty (K1, K2, S1)
5. Model microeconomic problems and policies in a logical, rigorous, and precise manner (K2, K6, S1)
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