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

The details
2019/20
Economics
Colchester Campus
Full Year
Undergraduate: Level 5
Current
Thursday 03 October 2019
Friday 26 June 2020
30
17 September 2019

 

Requisites for this module
EC111 or IA151 or IA153
(none)
(none)
(none)

 

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

Key module for

BSC N4L1 Accounting with Economics (Including Foundation Year),
BSC NKL1 Accounting with Economics (Including Year Abroad),
BSC NL41 Accounting with Economics,
BSC NL44 Accounting with Economics (Including Placement Year),
BA 0F66 Economics (Including Placement Year),
BA L100 Economics,
BA L102 Economics (Including Foundation Year),
BA L106 Economics (Including Year Abroad),
BSC 0E45 Economics (Including Placement Year),
BSC L101 Economics,
BSC L103 Economics (Including Foundation Year),
BSC L107 Economics (Including Year Abroad),
BSC L1G2 Economics and Mathematics (Including Placement Year),
BSC LG11 Economics and Mathematics,
BSC LG18 Economics and Mathematics (Including Foundation Year),
BSC LG1C Economics and Mathematics (Including Year Abroad),
BA LL12 Economics and Politics,
BA LL13 Economics and Politics (Including Placement Year),
BA LL1F Economics and Politics (Including Year Abroad),
BSC LL2F Economics and Politics,
BSC LL3F Economics and Politics (Including Year Abroad),
BSC LL4F Economics and Politics (Including Placement Year),
BSC L1G1 Economics with Mathematics,
BSC L1G3 Economics with Mathematics (Including Placement Year),
BSC L1G8 Economics with Mathematics (Including Foundation Year),
BSC L1GC Economics with Mathematics (Including Year Abroad),
BSC GN13 Finance and Mathematics,
BSC GN15 Finance and Mathematics (Including Placement Year),
BSC GN18 Finance and Mathematics (Including Foundation Year),
BSC GN1H Finance and Mathematics (Including Year Abroad),
BA 5A84 Financial Economics (Including Placement Year),
BA L111 Financial Economics,
BA L118 Financial Economics (Including Foundation Year),
BA L195 Financial Economics (Including Year Abroad),
BSC 0Q64 Financial Economics (Including Placement Year),
BSC L114 Financial Economics,
BSC L117 Financial Economics (Including Foundation Year),
BSC L194 Financial Economics (Including Year Abroad),
BA LV11 History and Economics,
BA LV18 History and Economics (Including Foundation Year),
BA V1L1 History and Economics (Including Placement Year),
BA VL11 History and Economics (Including Year Abroad),
BA L900 International Development,
BA L901 International Development (Including Year Abroad),
BA L902 International Development (Including Placement Year),
BA 9O47 International Economics (Including Placement Year),
BA L115 International Economics,
BA L160 International Economics (Including Foundation Year),
BA L163 International Economics (Including Year Abroad),
BSC 5H18 International Economics (Including Placement Year),
BSC L116 International Economics,
BSC L161 International Economics (Including Foundation Year),
BSC L162 International Economics (Including Year Abroad),
BA 9L11 Management Economics (Including Placement Year),
BA L108 Management Economics,
BA L190 Management Economics (Including Foundation Year),
BA L192 Management Economics (Including Year Abroad),
BSC 5M00 Management Economics (Including Placement Year),
BSC L109 Management Economics,
BSC L191 Management Economics (Including Foundation Year),
BSC L193 Management Economics (Including Year Abroad),
BA L147 Financial Economics and Accounting (Including Placement Year),
BA L148 Financial Economics and Accounting,
BA L149 Financial Economics and Accounting (Including Year Abroad),
BA P560 Journalism and Economics,
BA P561 Journalism and Economics (Including Placement Year),
BA P562 Journalism and Economics (Including Year Abroad),
BA L1R0 Economics with a Modern Language,
BSC LG01 Economics with Computing,
BSC LG02 Economics with Computing (Including Year Abroad),
BSC LG03 Economics with Computing (Including Placement Year),
BA LN10 Business Economics,
BA LN11 Business Economics (Including Year Abroad),
BA LN12 Business Economics (Including Placement Year),
BA C841 Economics with Psychology,
BA C851 Economics with Psychology (Including Year Abroad),
BA C861 Economics with Psychology (Including Placement Year),
BSC C148 Economics with Psychology,
BSC C158 Economics with Psychology (Including Year Abroad),
BSC C168 Economics with Psychology (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

This 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

This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework Spring Term Test - Tuesday 18 February 2020 - Week 21 50%
Coursework Autumn Term Assignment 04/12/2019 50%
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
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
Yes
Yes
No

External examiner

Dr Hui Pan
Coventry University
Senior Lecturer
Resources
Available via Moodle
Of 280 hours, 273 (97.5%) hours available to students:
7 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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