Microeconomic principles and policy

M457

This module looks at the principles economists use to model the behaviour of individual agents (firms, consumers, and policy authorities) and the ways in which they interact in a market economy.

Study as an individual module

Topics covered

Unit 1: Introduction to Microeconomics
Unit 2: Theories of Consumer Behaviour
Unit 3: Theory of Production and Costs
Unit 4: Markets and Competition
Unit 5: Oligopoly and Other Noncompetitive Markets
Unit 6: Markets for Resources – Labour, Capital and Other Inputs
Unit 7: Industry Structures, Pricing Behaviour and Globalisation
Unit 8: Externalities, Public Goods and Environmental Economics

Assessment

one three-hour unseen written examination (70%)
two tutor marked assignments (30%)

Essential reading

Pindyck, R & D Rubinfeld (2015) Microeconomics, 8th Edition, Pearson.
Goodwin N, J Harris, JA Nelson, B Roach & M Torras (2014) Microeconomics in Context, 3rd Edition, Routledge.