- Student Records
Programme & Unit Catalogues

ES10001: Introductory microeconomics

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Certificate (FHEQ level 4)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment: CW 40%, EX 60%
Further information on supplementary assessment Supplementary Assessment: ES10001 - Resit Exam (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
This course unit is designed to provide an introduction to the methods of microeconomic analysis, including the use of simple economic models and their application. The aims of the course are to enable students to derive conclusions from simple economic models and evaluate their realism and usefulness. Together with ES20011 Intermediate Microeconomics (to be taken in the second year), we aim to provide students with a thorough grounding in the basic principles of microeconomics and exposure to a range of applications.

Learning Outcomes:
The learning objectives are that, on completion of the module, students should be able to understand and apply basic microeconomic principles to the economic decisions of households and firms under a variety of market conditions. Students should be able to use these principles both to describe and to appraise these decisions, and should be competent in the verbal, diagrammatic and basic mathematical concepts and techniques used in introductory microeconomics. The second year unit, ES20011 further develops the theoretical toolkit, so that students will have a firmer and more formal grasp of both theoretical material and applications.

Basic grounding in introductory microeconomics. Students will acquire skills in problem solving through work completed in class and assessment. They will undertake a piece of applied research work with respect to a current topic in microeconomics.

Introduction to Markets; Household Behaviour; Production and Costs; Perfect Competition and Monopoly; Imperfect Competition; Factor Markets - Labour; Risk and Uncertainty; Welfare Economics:
Key Texts:
* Begg, D., R. Dornbusch and S. Fischer (BDF). Economics. Eighth Edition, McGraw Hill, 2005.
* Parkin, M., M. Powell and K. Mathews (PPM). Economics. Sixth Edition, Addsion Wesley, 2005.
* Lipsey, R. G. and K. A. Chrystal (LC). Principles of Economics. Eleventh Edition, Oxford University Press, 2007.
Further information on programme availabilityProgramme availability:

ES10001 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 1
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 1
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 1
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 1
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 1
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 1
School of Management
  • UMMN-AFB02 : BSc (hons) Accounting and Finance (Full-time) - Year 1
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 1
* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, 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.