Unit name | Microeconomics |
---|---|
Unit code | ECONM1010 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
Unit director | Professor. Park |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
None |
School/department | School of Economics |
Faculty | Faculty of Social Sciences and Law |
This unit aims to provide a thorough understanding of the basic concepts in microeconomics with more emphasis on the technical aspects relative to microeconomics taught at the undergraduate level. The course begins with an analysis of consumer theory, moving on to choice in uncertain and strategic situations. The course addresses individual and market responses to asymmetric information and institutions which arise as a result.
The Unit aims are: to introduce the central ideas, concepts and tools of microeconomics; to develop analytical rigour; and to prepare students for independent economic thinking about policy issues.
On successful completion of the course:
Lectures, exercise lectures and tutorial classes.
Formative assessment: One set of exercises and one essay assignment.
Summative assessment: 100% by 2½-hour closed book written exam. This examination contains questions which assess all of the ILOs.