EC202-6-FY-CO:
Microeconomics (Intermediate)

The details
2024/25
Economics
Colchester Campus
Full Year
Undergraduate: Level 6
Current
Thursday 03 October 2024
Friday 27 June 2025
30
24 October 2023

 

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

 

EC322, EC355, EC363, EC365, EC366, EC371, EC372, EC383, EC387

Key module for

DIPLL10009 Economics,
BSC N233DT Actuarial Science (Including Placement Year),
BSC N323DT Actuarial Science,
BSC N333DT Actuarial Studies,
BSC N334DT Actuarial Studies (Including Placement Year)

Module description

This module 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 aim of this module is:



  • To equip students with the basic tools and methods of analysis used in economic reasoning.

Module learning outcomes

By the end of this module, students will be expected to be able to:



  1. Understand the basic model-building methodology of microeconomics and should have conducted some original model-building of simple microeconomic problems.

  2. Conceptualise simple microeconomic issues and understand the analytical reasoning underlying microeconomic analysis.

  3. Understand the topics covered on several different levels: mathematical as well as graphical and heuristic or verbal.

  4. Have a critical appreciation of the approach taken to economic issues and policies.

  5. Express their analyses and appraisals in written form.


Skills for your Professional Life (Transferable Skills)


By the end of this module, students will also be expected to have developed 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

The module will be delivered via:

  • 2 hours of lectures per week.
  • One hour class per week.

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

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 Coursework weighting
Coursework   Autumn Term Test via Moodle - Monday 4th December 2023, 4pm-5pm    50% 
Exam  Main exam: In-Person, Open Book, 180 minutes during Summer (Main Period) 
Exam  Reassessment Main exam: In-Person, Open Book, 180 minutes during September (Reassessment Period) 

Exam format definitions

  • Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
  • In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
  • In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
  • In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary, for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.

Your department will provide further guidance before your exams.

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
0% 100%
Module supervisor and teaching staff
Dr Albin Erlanson, email: albin.erlanson@essex.ac.uk.
Dr George Symeonidis, email: symeonid@essex.ac.uk.
Lecture: Dr Albin Erlanson (Autumn) & Dr George Symeonidis (Spring) / Classes: various teachers
For further information, send an email message to ueco@essex.ac.uk.

 

Availability
No
No
No

External examiner

Dr Giancarlo Ianulardo
University of Exeter Business School
Lecturer in Economics
Resources
Available via Moodle
Of 11 hours, 11 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.

 

Further information
Economics

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