Last modified: 05 Aug 2021 13:04
The course will cover the main elements of Microeconomic Theory. Consumer theory will be examined by discussing how consumers choose under the constraint of a budget to generate demands. This theory will then be extended to include choice under uncertainty and intertemporal choice. Some basic elements of competitive markets will also be presented. Producer theory will be examined to understand how firms decide the quantity to be produced under the constraint of a technology. Other relevant topics, such as public goods, externalities, and auctions, will be covered.
|Session||First Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
Information on contact teaching time is available from the course guide.
Two pieces of alternative assessments (50% each): mix of problem-set questions and short answers (250 word limit per short answer).
Alternative Resit Arrangements for students taking course in Academic Year 2020/21
Resit: An alternative assessment (100%) comprising a mix of problem-set and short-answer questions (250 words).
There are no assessments for this course.
|Knowledge Level||Thinking Skill||Outcome|
|Factual||Remember||ILO’s for this course are available in the course guide.|