• 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.
Principal Learning Outcomes
To understand key concepts and principles in microconomics
To demonstrate knowledge of economics trends, institutions and policies
To abstract and simplify economic problems through the application of
Topics covered will typically include the following:
Market equilibrium, supply and demand
Household behaviour, choice and demand
Costs and Revenues
Market Structure and Firm Behaviour
The Firm's Factor Markets
- 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.
- Pre-requisite for
- Only available to students from outside of Economics, with the stated pre-requisites. Not available to WBS students.
- Part-year Availability for Visiting Students
- Not available on a part-year basis
- Assessment Method
- Coursework (20%), 1.5 hour exam (80%)
- Coursework Details
- One 2000 word essay
- Exam Timing
Time Allowed: 1.5 Hours
Answer ALL FOUR questions in Section A (60 marks total) and ONE question from Section B (40 marks).
Approved pocket calculators are allowed.
Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.
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.