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Unit information: Applied Microeconomics in 2020/21

Unit name Applied Microeconomics
Unit code EFIM20002
Credit points 20
Level of study I/5
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Professor. Smith
Open unit status Not open
Pre-requisites

EFIM10025 - Economics 1, AND
EFIM10027 - Economics 2,
OR
EFIM10026 - The Economy

Co-requisites

N/A

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description

The main aim of the course is to show how micro-economic principles can be used to understand real-world issues. The course covers a range of topics: recent examples have included Minimum wages, Targeted benefits, Congestion charging, Employer-provided training, Competition policy.

The main focus of this course will be on how the theory can be applied in practice - looking both at theoretical insights into the issues and at relevant empirical evidence.

Intended learning outcomes

By the end of the course the students will be able to:

  • Select and apply the relevant micro-theoretical tools to real-world problems
  • Discuss the main insights from a theoretical analysis, together with the relevant evidence

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Details

Assignment 1 (50%), Assignment 2 (50%)

Reading and References

The course will be topic-based and, as such, will not have a single text book. Instead, students will be given one key reading (journal article, policy report) per topic, together with two or three supplementary papers.

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