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EC137: Economics 1: Micro

  • Robin Naylor

    Module Leader
15 CATS - Department of Economics

Principal Aims

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 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

Core Module
X35B - 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%) + 1.5 hour examination (Summer) (80%)
Coursework Details
1.5 hour examination (Summer) (80%) , Test (20%)

Test (20%) - Eligible for self-certification: No, 1.5 hour examination (Summer) (80%) - Eligible for self-certification: No CATS:

Exam Timing
N/A

Reading Lists