Not available in 2020/21
EC2A3 Half Unit
Microeconomics II
This information is for the 2020/21 session.
Teacher responsible
TBC
Availability
This course is compulsory on the BSc in Economics and Economic History, BSc in Environmental Policy with Economics, BSc in Finance, BSc in Geography with Economics, BSc in International Social and Public Policy and Economics, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics and BSc in Politics and Economics. This course is available on the BSc in Accounting and Finance, BSc in Environment and Development, BSc in Mathematics, Statistics and Business and Diploma in Accounting and Finance. This course is available as an outside option to students on other programmes where regulations permit. This course is available with permission to General Course students.
Pre-requisites
Students must have completed Microeconomics I (EC1A3).
Course content
In this course, we use the tools you learned in Microeconomics I (EC1A3) to provide an in-depth analysis of microeconomic theory, as well as applications of the tools of microeconomics to concrete economic problems. We will analyse the demand and supply side in depth, then bring the two sides together in the analysis of general equilibrium. Market failures arising from asymmetric information are also considered and we will use game theory, including sequential games, to study oligopoly markets, as well as public goods and externalities. In this course, you will learn tools that are useful in a wide range of topics in a wide variety of fields, such as public economics, management, and finance.
Teaching
20 hours of lectures and 10 hours of classes in the MT.
Formative coursework
There are weekly assignments and feedback will be given on two. Also Moodle quizzes.
Indicative reading
- Perloff, J.M. Microeconomics: Theory and Applications with Calculus, 4th edition Pearson 2018 (or earlier editions).
- Snyder, C., Nicholson, W. and Stewart, R. Microeconomic Theory: Basic Principles and Extensions, Europe, Middle East and Africa Edition, Cengage Learning, 2015
- Nicholson, W and Snyder, C. Microeconomic Theory: Basic Principles and Extensions, 11th edition, Cengage Learning 2011.
- M Anthony & N L Biggs, Mathematics for Economics and Finance: Methods and Modelling, CUP, 1996.
- Jacques, I. Mathematics for Economics and Business, Pearson, 2012 (or earlier editions).
Assessment
Exam (90%, duration: 2 hours) in the summer exam period.
Class participation (10%).
Important information in response to COVID-19
Please note that during 2020/21 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the situation of students in attendance on campus and those studying online during the early part of the academic year. For assessment, this may involve changes to mode of delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Key facts
Department: Economics
Total students 2019/20: Unavailable
Average class size 2019/20: Unavailable
Capped 2019/20: No
Value: Half Unit
Personal development skills
- Self-management
- Problem solving
- Communication
- Application of numeracy skills
- Commercial awareness
