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ES20012: Intermediate microeconomics 2

[Page last updated: 20 April 2021]

Academic Year: 2021/2
Owning Department/School: Department of Economics
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Period:
Semester 2
Assessment Summary: CW 30%, EX 70%
Supplementary Assessment:
ES20012 - Resit Examination (where allowed by programme regulations)
Requisites: Before taking this module you must take ES20011
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.

Programme availability:
NB. Postgraduate programme information will be added when the postgraduate catalogues are published in August 2021

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:

  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
  • Programmes 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.