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BAEcon Development Studies and Social Statistics / Course details

Year of entry: 2021

Course unit details:
Microeconomics 2

Unit code ECON10232
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 2
Offered by School of Social Sciences
Available as a free choice unit? Yes

Overview

This module will introduce students to the basics of industrial organization, individual decision making, the role of markets and how they fail as well as issues around the measurement and study of inequality.

Students will develop a build on the Microeconomics learned in Term 1 to more fully be able to study and discuss some of the main ideas and issues in micro.

Pre/co-requisites

Unit title Unit code Requirement type Description
Microeconomics 1 ECON10331 Co-Requisite Compulsory
ECON10331 Micro 1 and (ECON10061 Intro Math's or ECON10071 Adv. Math's)

ECON10331 Micro 1 and (ECON10061 Intro Maths or ECON10071 Adv Maths)

 

Aims

This module will both broaden and deepen students’ understanding of microeconomics. We will re-visit, formalize and extend some important concepts covered in Micro 1 such as rational choice theory. We will look at more sophisticated theories of market structures and will pay special attention to how these ideas help us understand labour markets. We will also consider the role of ethics in economics, inequality, and power.

Learning outcomes

Students will develop a build on the Microeconomics learned in Term 1 to more fully be able to study and discuss some of the main ideas and issues in microeconomics.

Syllabus

  1. Ethics and Economics
  2. Rational Choice theory and extensions
  3. Models of common market structures
  4. Power
  5. Labour Markets I and II
  6. Inequality

Teaching and learning methods

Lectures, tutorial classes and drop ins.

Employability skills

Analytical skills
Oral communication
Problem solving
Written communication

Assessment methods

60% Policy Brief

40% Online Quizes (x5)

 

Recommended reading

The main text for this module is CORE Economics. Students should register (it is free) at www.core-econ.org/.
 

Study hours

Independent study hours
Independent study 0

Teaching staff

Staff member Role
Peter Backus Unit coordinator

Additional notes

For every 10 course unit credits we expect students to work for around 100 hours. This time generally includes any contact times (online or face to face, recorded and live), but also independent study, work for coursework, and group work. This amount is only a guidance and individual study time will vary

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