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BAEcon Accounting and Finance

Year of entry: 2022

Course unit details:
Microeconomics 2

Course unit fact file
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


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.


Unit title Unit code Requirement type Description
Introductory Mathematics ECON10061 Pre-Requisite Compulsory
Advanced Mathematics ECON10071 Pre-Requisite Compulsory
Microeconomics 1 ECON10221 Pre-Requisite Compulsory
Microeconomics 1 ECON10331 Pre-Requisite Compulsory
(ECON10221 or ECON10331) and (ECON10061 or ECON10071)

(ECON10221 OR ECON10331) AND (ECON10061 OR ECON10071)



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.


  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

Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study

Employability skills

Analytical skills
Oral communication
Problem solving
Written communication

Assessment methods

If in-person teaching is allowed:

60% Policy Brief

20% Online Quizes (x5)

20% Group Presentation


If there is no in-person teaching:

75% Essay

25% Quizzes


Recommended reading

The main text for this module is CORE Economics. Students should register (it is free) at

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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