Last modified: 24 Jun 2020 14:31
The course will cover the main elements of Microeconomic Theory together with how this underpins the macro economy, covering consumer theory, how consumers choose under constraint of a budget, to generate demands. How this theory can be used to consider the welfare effects of price changes will be considered. The problem of production will be examined to understand the supply, and the demand and supply side will be drawn together to consider market structure. How the theory can be used to identify market supplies and demands from empirical data will be examined.
|Session||First Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
An introduction to techniques of used in micro and macroeconomics modelling, microeconomic topics will include; consumer theory, theory of the firm, market structure, choice under uncertainty and an introduction to game theory. The macroeconomics section will include the use of macroeconomic modelling techniques found in the academic and professional open-economy macroeconomics and finance literature in order to provide the ecomomic policy context in which finacial markets and institutions operate.
Information on contact teaching time is available from the course guide.
2x Problem-solving / short answer questions (50% each)
There are no assessments for this course.
|Knowledge Level||Thinking Skill||Outcome|