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ES20012: Intermediate microeconomics 2

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 30%, EX 70%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 30%)
  • Examination (EX 70%)
Further information on supplementary assessment Supplementary Assessment:
ES20012 - Resit Examination (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take ES20011
Further information on descriptions Description: Aims:
The aim of this unit is to enable students to extend their analytical ability in microeconomics so that they can use theory to generate predictions and explanations with respect to economic phenomena.

Learning Outcomes:
By the end of this module the student will be able to:
a) examine the working of some basic types of market structure;
b) understand some basic efficiency and welfare concepts and apply them to various situations;
c) understand some of the problems that can arise in a market economy.

Skills:
Problem solving: application of analysis to specific problems. Understanding: expressed in written form through coursework and examinations.

Content:
This unit, together with ES20011, covers the core concepts and method of microeconomic analysis at the intermediate level, using some mathematics in modelling and explanation. General equilibrium and welfare: competitive equilibrium and Pareto optimality; externalities and public goods; monopoly: welfare loss due to monopoly, taxes on monopolies; oligopoly: Cournot and Stackelberg models; the economics of information.
Further information on programme availabilityProgramme availability:

ES20012 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 2)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 2)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 2)
  • UHES-AFB04 : BSc(Hons) Economics and Mathematics (Year 2)
  • UHES-AAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 2)
  • UHES-AKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 2)
  • UHES-ACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 2)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 2)

ES20012 is Optional on the following programmes:

Department of Economics
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 2)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 2)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 2)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 2)
School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 2)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 2)

Notes: