- UCAS course code
- NT11
- UCAS institution code
- M20
Bachelor of Arts (BA)
BA Modern Language and Business & Management (Chinese)
Duration: 4 years
Year of entry: 2025
UCAS course code: NT11 / Institution code: M20
- Key features:
Study abroad
Study with a language
- Typical A-level offer: ABB
- Typical contextual A-level offer: BBC
- Refugee/care-experienced offer: BBC
- Typical International Baccalaureate offer: 34 points overall with 6,5,5 at HL
Fees and funding
Fees
Tuition fees for home students commencing their studies in September 2025 will be £9,535 per annum (subject to Parliamentary approval). Tuition fees for international students will be £26,500 per annum. For general information please see the undergraduate finance pages.
Policy on additional costs
All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).
Scholarships/sponsorships
- Find out more from student finance
- Eligible UK students can apply for bursaries and scholarships
- Funding for EU and international students is on our country-specific pages
- Many students work part-time or complete a student internship
Course unit details:
Microeconomics 2
| Unit code | ECON20232 |
|---|---|
| Credit rating | 10 |
| Unit level | Level 2 |
| Teaching period(s) | Semester 2 |
| Available as a free choice unit? | Yes |
Overview
Microeconomics 2 delves deeper into the fundamental model of demand and supply, introduced in (the principles of) Microeconomics 1 course in semester 1. We introduce basic microeconomic models of consumer and producer choice, which we use to derive market outcomes. We discuss how these models apply to actual practice, and how economists use them to describe and predict market outcomes and their relevance to economic policy decisions. Choice is a fundamental element of microeconomic analysis and human behaviour and in this course we develop formal economic models of choice, which we then use to describe, explain, and predict the behaviour of individuals and firms.
Pre/co-requisites
| Unit title | Unit code | Requirement type | Description |
|---|---|---|---|
| Introductory Mathematics | ECON10061 | Pre-Requisite | Compulsory |
| Advanced Mathematics | ECON10071A | Pre-Requisite | Compulsory |
| Microeconomics 1 | ECON10221 | Pre-Requisite | Compulsory |
| Microeconomics 1 | ECON10331 | Pre-Requisite | Compulsory |
| Advanced Mathematics | ECON10071B | Pre-Requisite | Compulsory |
(ECON10221 OR ECON10331) AND (ECON10061 OR ECON10071)
Aims
The main aim of this course is to introduce students to the study of individual choice and supply decisions, under two different market structures - pure competition, and monopoly. We build on knowledge from (the principles of) Microeconomics 1 course in semester 1, but we employ more formal mathematical (calculus) techniques learned in either ECON10061 or ECON10071. We also introduce Game Theory as a tool for analysing strategic interactions between economic agents. The application of these basic models to actual practice and economic policy, is discussed throughout the course, and we highlight both their usefulness as well as limitations in that context.
Learning outcomes
By the end of this course you will be able to:
- Model individual choice i.e., solve utility maximisation problems under budgetary constraints.
- Derive individual and market demand schedules.
- Use the consumer choice model to describe actual practice, and how it can be used to analyse choice between actual commodities.
- Understand the applications and limitations of the consumer choice model.
- Understand and model supply decisions of individual firms under pure competition and monopolistic market conditions and understand the application and limitations of the pure (perfect) competition and monopolistic market models.
- Identify when markets can be described as perfectly competitive or monopolistic, and when they cannot, and explain the output and pricing decisions of firms operating in such markets.
- Understand how Game Theoretic approaches can be used in the study of strategic interactions between market agents.
- Identify when firms’ decisions are strategic in actual practice, and how inter-dependence affects their decisions.
Syllabus
Provisional
Introduction to Consumer’s Choice
- Preferences & Utility
- Budget Constraints & Choice
- Demand & The Slutsky Equation
Introduction to Producer’s Choice
- Technology & Profit Maximisation
- Cost Minimisation & Costs
Introduction to market structures: Pure (Perfect) Competition
- Firm & Industry Supply
Introduction to market structures: Monopoly
- Pricing decision of a monopolist
Introduction to Game Theory
- Pure & Mixed Strategies
- Nash Equilibrium
- Best response functions
Teaching and learning methods
Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study.
Employability skills
- Group/team working
- • Team working skills, through the interaction with fellow students in preparing and delivering the group presentation.
- Oral communication
- • Communication skills, through regular interaction with students and staff, participation and engagement in classes, and delivery of the group presentation.
- Problem solving
- • Problem solving skills, through the methodical and structured approach to solving mathematical problems and expressing theoretical concepts in mathematical terms.
- Other
- • Social responsibility, through participation and active engagement in classes, and while working with fellow students as a group.
Assessment methods
- Online midterm test (25%)
- Group presentation (25%)
- Final examination (50%)
Recommended reading
Hal R. Varian, Intermediate Microeconomics with Calculus, Norton, 1st edition.
Teaching staff
| Staff member | Role |
|---|---|
| Panagiotis Sousounis | 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.