- Student Records
Programme & Unit Catalogues

ES20011: Intermediate microeconomics 1

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: Intermediate (FHEQ level 5)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment: CW 30%, EX 70%
Further information on supplementary assessment Supplementary Assessment: ES20011 Resit Exam (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take ES10001 and take ES10005
Further information on descriptions Description: Aims:
The aim of this unit is to build on first year microeconomics by providing a more in-depth and rigorous approach to microeconomic analysis. It serves as part of a year long course in intermediate microeconomics, although it can also be taken as a self contained unit. The emphasis will be on consumer theory, both in the context of certainty and uncertainty, and production theory as applied to the perfectly competitive firm. The importance of intuition in motivating and explaining economic problems is stressed throughout the unit.

Learning Outcomes:
On completion of this unit students should be able to apply analytical methods to solve economic problems such as utility and profit maximisation when there are constraints on choice.

Ability to frame problems in a formal manner.
Ability to parameterise relevant aspects of economic problems.
Ability to interpret results.
Ability to put forward policy prescriptions on the basis of analysis.

The theory of consumer behaviour; production theory, markets, risk and uncertainty.
H.Varian Intermediate Microeconomics - A Modern Approach.
Further information on programme availabilityProgramme availability:

ES20011 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 2
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 2
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 2
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 2
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 2
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 2

ES20011 is Optional on the following programmes:

School of Management
  • UMMN-AFB02 : BSc (hons) Accounting and Finance (Full-time) - Year 2
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 2

* 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.