ES12001: Microeconomics 1
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | Department of Economics |
| Credits: | 15 [equivalent to 30 CATS credits] |
| Notional Study Hours: | 300 |
| Level: | Certificate (FHEQ level 4) |
| Period: |
- Academic Year
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| Assessment Summary: | CWSI 50%, EXCB 50% |
| Assessment Detail: |
- Coursework (CWSI 50% - Qualifying Mark: 35)
- Exam (EXCB 50% - Qualifying Mark: 35)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
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| Learning Outcomes: |
On completion of this course, students should be able to understand, explain, and apply:
- Economic principles and concepts governing consumer and firm behaviour under a variety of (market) conditions.
- Economic concepts to appraise the impact of public policies for consumer and firms.
- Verbal, graphical, and analytical methods to solve and evaluate economic problems.
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| Synopsis: | Gain introductory knowledge of the methods of microeconomic analysis, including a comprehensive and in-depth exploration of fundamental economic models and their applications.
You'll develop an understanding of how consumers and firms make their economic decisions, and how individuals or economic entities interact strategically.
You'll also be introduced to basic game theoretic concepts, and to how individuals make decisions in the face of uncertainty.
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| Content: | The in-depth emphasis of the unit is on:
Consumer theory, both in the context of certainty and uncertainty.
Production theory as applied to perfectly and imperfectly competitive firm.
Introduction into game theory.
Further topics in applied microeconomics.
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| Course availability: |
ES12001 is Compulsory on the following courses:
Department of Economics
- UHES-AFB10 : BSc(Hons) Economics (Year 1)
- UHES-AFB12 : BSc(Hons) Economics and Mathematics (Year 1)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with professional placement (Year 1)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with professional placement and study abroad (Year 1)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with study abroad (Year 1)
- UHES-AFB11 : BSc(Hons) Economics with Politics (Year 1)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement (Year 1)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement and study abroad (Year 1)
- UHES-AKB11 : BSc(Hons) Economics with Politics with study abroad (Year 1)
- UHES-AKB10 : BSc(Hons) Economics with professional placement (Year 1)
- UHES-AKB10 : BSc(Hons) Economics with professional placement and study abroad (Year 1)
- UHES-AKB10 : BSc(Hons) Economics with study abroad (Year 1)
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Notes: - This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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