Economics
Microeconomics 1
Module code: L1053
Level 4
15 credits in spring semester
Teaching method: Seminar, Lecture
Assessment modes: Coursework, Unseen examination
On this module, you’ll dive into consumer and producer theory, covering topics like:
- consumer surplus
- labour supply
- production and costs of the firm
- alternative market structures
- factor markets.
You’ll explore how these concepts apply to public policy, using real-world examples to highlight the practical value of the theory.
Module learning outcomes
- Have demonstrated a critical understanding of the principles of economics
- Be able to use the power of abstraction to focus upon the essential features of an economic problem and to provide a framework for the critical understanding and evaluation of the effects of policy or other exogenous events.
- Have demonstrated the ability to carry out self-directed study and research
- Have learned to understand the importance of, and be able to construct and develop, rigorous argument to help evaluate ideas.