EC137: Economics 1: Micro
Alexander Karalis Isaac
Module Leader
Introduction
This module allows students to develop an understanding of fundamental and intermediate concepts in microeconomic analysis by equipping them with a range of appropriate analytical skills, including descriptive, graphical and mathematical methods. This allows students to develop the capacity to apply analytical techniques to real world problems.
Principal Aims
• To develop in students an understanding of fundamental and intermediate concepts in microeconomic analysis
• To equip students with a range of appropriate analytical skills, including descriptive, graphical and mathematical methods; and
• To develop the capacity to apply analytical techniques to real world problems and build economic models that enable students to better understand the world around us
Principal Learning Outcomes
Subject Knowledge and Understanding:...demonstrate knowledge of economic behaviours, outcomes, trends, developments, phenomena, institutions and policies.
Subject Knowledge and Understanding:...demonstrate an understanding of key concepts, principles, theories and models in Economics
Subject Specific/Professional Skills:...demonstrate the capacity for abstract reasoning and to simplify economic problems through the application of theoretical models.
Subject Specific/Professional Skills:...demonstrate the capacity to interpret economic data and to use data to inform the selection and application of appropriate economic tools of analysis.
Syllabus
Typically, topics covered will include those such as: Micro (term 1)
• The Capitalist Revolution
• Technology, Population and Growth
• Scarcity, Work and Choice
• Social Interactions
• Property and Power
• The Firm: Owners, managers and employees
• The Firm and its Customers
• Supply and Demand
• Markets, Efficiency and Public Policy
Context
- Optional Module
- Y602 - Year 1, G300 - Year 1
- Pre or Co-requisites
- This module is available to all students outside the Department of Economics (and other than students in WBS) conditional on having achieved a Grade B or better in Mathematics at A-level, or the equivalent. Students wishing to take EC136 in the same year as EC137 should instead take EC107.
Assessment
- Assessment Method
- Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (80%) , Test (20%)
- Exam Timing
- Summer
Exam Rubric
Time allowed: 1 hour 30 minutes
Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.
There are TWO sections in this paper. Answer ALL questions in Section A (40 marks in total) and TWO questions in Section B (60 marks in total).
Use separate booklets as instructed below.
• Use the MCQ sheet for Section A.
• Use a GREEN booklet for Section B.
You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.
Approved scientific (non-graphical) pocket calculators are allowed.
Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.