- UCAS course code
- LV25
- UCAS institution code
- M20
Bachelor of Arts (BA)
BA Politics, Philosophy and Economics
Duration: 3 or 4 years
Year of entry: 2025
UCAS course code: LV25 / Institution code: M20
- Key features:
Study abroad
Industrial experience
Scholarships available
- Typical A-level offer: AAA
- Typical contextual A-level offer: ABB
- Refugee/care-experienced offer: BBB
- Typical International Baccalaureate offer: 36 points overall with 6,6,6 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
Scholarships and bursaries, including the Manchester Bursary , are available to eligible home/EU students.
Some undergraduate UK students will receive bursaries of up to £2,000 per year, in addition to the government package of maintenance grants.
You can get information and advice on student finance to help you manage your money.
Course unit details:
Microeconomics 4
| Unit code | ECON30022 |
|---|---|
| Credit rating | 10 |
| Unit level | Level 3 |
| Teaching period(s) | Semester 2 |
| Available as a free choice unit? | No |
Overview
The unit aims to provide students with a rigorous treatment of fundamental microeconomic concepts exposing the class to key economic ideas and theories motivated and explained with the regular use of real world examples.
Students will acquire a deeper and more rigorous understanding of the concepts encountered in Microeconomics 1 and Microeconomics 2. Specifically, students will be taught: (i) General Equilibrium Theory; (ii) Decision making under Uncertainty; (iii) Role of Information in Economics; (iv) Market Failures, particular focus on externality, public goods, and coordination failure and institutional responses; and (v) a brief introduction to Behavioural Economics.
Pre/co-requisites
| Unit title | Unit code | Requirement type | Description |
|---|---|---|---|
| Advanced Mathematics | ECON10071A | Pre-Requisite | Compulsory |
| Advanced Mathematics | ECON20071 | Pre-Requisite | Compulsory |
| Microeconomics 3 | ECON30021 | Co-Requisite | Compulsory |
ECON30021 Micro 3 and (ECON10071 Adv Maths or ECON20071 Adv Maths)
Aims
The unit aims to provide students with a rigorous treatment of fundamental microeconomic concepts exposing the class to key economic ideas and theories motivated and explained with the regular use of real world examples.
Learning outcomes
Students will acquire a deeper and more rigorous understanding of the concepts encountered in Microeconomics 1 and Microeconomics 2. Specifically, students will be taught: (i) General Equilibrium Theory; (ii) Decision making under Uncertainty; (iii) Role of Information in Economics; (iv) Market Failures, particular focus on externality, public goods, and coordination failure and institutional responses; and (v) a brief introduction to Behavioural Economics.
Syllabus
Provisional
Brief overview of the syllabus/topics:
1. General Equilibrium and Economic Welfare
- General Equilibrium: feedback between competitive markets
- Endowment and mutually beneficial trades
- Competitive Exchange and comparative advantage
- Efficiency and Equity
2. Uncertainty
- Decision Making under Uncertainty: Expected Utility Theory
- Risk preferences
- Investing under Uncertainty: Insurance
3. Information
- Asymmetric Information and Adverse Selection
- Moral Hazards
- Contracts
4. Market Failure
- Coordination Failure and Institutional Responses
- Externality
- Public Good
5. Behavioural Economics
- Behavioural Economics of Risk: Prospect Theory Social Preferences
Teaching and learning methods
Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study
Knowledge and understanding
Microeconomic theory accompanied by real world applications
Intellectual skills
independent study; critical thinking
Practical skills
mathematical skills, writing on technical economic concepts, presenting economics concepts and their applications in real world, use of word processing software
Transferable skills and personal qualities
problem solving; analysis and synthesis; students will develop presentation and interpersonal skills through participation in tutorial sessions and presenting a given topic related to microeconomics in the form of oral/poster presentation.
Assessment methods
60% Exam (1hr or equivalent)
20% Presentation
20% Coursework (2 x 10%)
Feedback methods
- Online quizzes released on Blackboard and tutorials
- Feedback: during tutorial classes, on the Discussion Board, and during office hour
Recommended reading
Varian, “Intermediate Microeconomics: a modern approach”, 9th Edition, 2014, Norton.
Teaching staff
| Staff member | Role |
|---|---|
| Sofia Izquierdo Sanchez | 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.