ECON2001 - Microeconomics

Terms 1 & 2

Aims:

To provide students with a thorough understanding of core concepts and methods of microeconomics, as a foundation for subsequent study of microeconomic topics within the degree programme, and as one of the key elements in the professional training of an economist.

Objectives:

At the end of the module, students should:

• Understand the main elements of microeconomic theory, at a level appropriate for an economics graduate
• Understand microeconomic models and problems expressed in standard mathematical terms, and be able to solve and interpret problems based on such models at a level of difficulty appropriate for an economics graduate
• Be able to use microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena, and to assess issues of microeconomic policy.

For Affiliates:

This full year course is also split into single term courses ECON2002 and ECON2003.  Students may take ECON2002 and ECON2003 as single term courses with the permission of the Affiliate Student Tutor but are advised to check with their home university that this option fulfills the requirements of the home degree program.

ECON2002 - Intermediate Microeconomics: Microeconomics of the Household

Aims:

To provide students with a thorough understanding of core concepts and methods of microeconomics, as a foundation for subsequent study of microeconomic topics within the degree programme, and as one of the key elements in the professional training of an economist.

Objectives:

At the end of the course, students should:

• understand the main elements of microeconomic theory, at a level appropriate for an economics graduate;
• understand microeconomic models and problems expressed in standard mathematical terms, and be able to solve and interpret problems based on such models at a level of difficulty appropriate for an economics graduate;
• be able to use microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena, and to assess issues of microeconomic policy.

ECON2003 - Intermediate Microeconomics: Microeconomics of the Firm

Aims:
To provide students with a thorough understanding of core concepts and methods of microeconomics, as a foundation for subsequent study of microeconomic topics within the degree programme, and as one of the key elements in the professional training of an economist.

Objectives:
At the end of the course, students should:

• understand the main elements of microeconomic theory, at a level appropriate for an economics graduate;
• understand microeconomic models and problems expressed in standard mathematical terms, and be able to solve and interpret problems based on such models at a level of difficulty appropriate for an economics graduate;
• be able to use microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena, and to assess issues of microeconomic policy.