EC202-5-SP-CO:
Microeconomics (Intermediate)

The details
2019/20
Economics
Colchester Campus
Spring
Undergraduate: Level 5
Current
Monday 13 January 2020
Friday 20 March 2020
15
04 October 2018

 

Requisites for this module
(none)
(none)
(none)
(none)

 

EC322, EC355, EC366, EC371, EC372, EC383, EC387

Key module for

BA L100JK Economics,
BA L100SK Economics,
BSC L101SK Economics,
BA L108JK Management Economics,
BSC C814 Psychology with Economics,
BSC C815 Psychology with Economics (Including Year Abroad),
BSC C816 Psychology with Economics (Including Placement Year)

Module description

The microeconomics course studies some of the fundamental concepts and methods in economics. In the first term, the basic theories of consumer and producer behaviour are studied in the context of competitive markets. Then, by combining these two theories, various properties of such markets are investigated together with their welfare properties. In the second term, the focus is on the study of how various imperfections, or frictions, affect the outcomes of decentralised markets.

Module aims

The course aims to equipt students with the basic tools and methods of analysis used in economic reasoning.

Module learning outcomes

Upon completion of the course, students should be able to understand the basic model-building methodology of microeconomics and should have conducted some original model-building of simple microeconomic problems. Relatedly, students should be able to conceptualise simple microeconomic issues and understand the analytical reasoning underlying microeconomic analysis. Students should understand the topics covered on several different levels: mathematical as well as graphical and heuristic or verbal. They should have a critical appreciation of the approach taken to economic issues and policies. Students should be able to express their analyses and appraisals in written form.

The module provides students with the following employability skills. Academic skills (literacy, numeracy, ICT skills) are enhanced through essay writing, mathematical problem solving and the use of ICT equipment. Students are encouraged to carry out research and information gathering as background reading. Communication skills are enhanced through various forms of assessment and class participation. Personal development planning (target setting and time management) is also promoted.

Module information

No additional information available.

Learning and teaching methods

2 hours of lectures per week, weeks 2-11, 16-25. One hour class per week, weeks 3-11, 16-25, 30. Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance. For modules including a term paper, the term paper will be returned with individualised feedback that addresses what the marking criteria are and how you could improve your own work.

Bibliography

  • Varian, Hal R. (c2014) Intermediate microeconomics: a modern approach, New York: W.W. Norton & Co.

The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Written Exam  EC202 Test     
Exam  180 minutes during Summer (Main Period) (Main) 

Overall assessment

Whichever is the Greater: EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark OR 100 per cent Exam Mark IF Coursework Mark is a pass or better

Reassessment

Whichever is the Greater: EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark OR 100 per cent Exam Mark IF Coursework Mark is a pass or better

Module supervisor and teaching staff
Mr Simon Lodato, email: sploda@essex.ac.uk.
Dr George Symeonidis, email: symeonid@essex.ac.uk.
J. Ortega (Au), Dr George Symeonidis (Sp)
For further information, send an email message to ueco@essex.ac.uk.

 

Availability
Yes
No
No

External examiner

Dr Hui Pan
Coventry University
Senior Lecturer
Resources
Available via Moodle
Of 61 hours, 39 (63.9%) hours available to students:
22 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

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