| Unit name | Microeconomics |
|---|---|
| Unit code | ECONM0044 |
| Credit points | 20 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Dr. Julia Wirtz |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
None |
| Units you must take alongside this one (co-requisite units) |
Macroeconomics (MSc Economics) |
| Units you may not take alongside this one |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
Why is this unit important?
Microeconomics is a fundamental area of study within the field of economics, focusing on the behavior of individual agents in the market. This module aims to provide students with a comprehensive understanding of the principles, concepts, and analytical tools that underpin microeconomic theory. It explores how individuals make decisions, interact in various market structures, and allocate resources efficiently. Microeconomics helps us understand how resources are allocated in a market economy. By analyzing the choices made by individuals, we gain insights into how goods can be distributed efficiently and fairly.
How does this unit fit into your programme of study
Microeconomics is a mandatory unit for MSc Economics. This unit provides core theoretical knowledge that complements other mandatory units in TB1 and provides an indispensable foundation for the optional units in TB2 and the dissertation.
An overview of content
The covers consumer theory, choice under uncertainty, general equilibrium theory and game theory.
How will students, personally, be different as a result of the unit
Microeconomics courses require students to analyse complex economic scenarios, which sharpens their critical thinking and problem-solving abilities. They learn to evaluate information and apply economic theories to real-world situations.
Learning Outcomes
Teaching will be delivered through a combination of synchronous and asynchronous sessions such as videos, lectures, small group seminars, and exercise lectures.
Tasks which help you learn and prepare you for summative tasks (formative):
There will be exercises for each topic which will prepare students for exam questions. Questions will be discussed in seminars and exercise lectures, providing students with immediate feedback on their understanding of the topic.
Tasks which count towards your unit mark (summative):
The unit is assessed by a final written exam (2 hours) with different parts aiming at assessing ILOs 1-3.
When assessment does not go to plan
Re-assessment will take the form of a written exam (2 hours) assessing all ILOs.
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ECONM0044).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the University Workload statement relating to this unit for more information.
Assessment
The assessment methods listed in this unit specification are designed to enable students to demonstrate the named learning outcomes (LOs). Where a disability prevents a student from undertaking a specific method of assessment, schools will make reasonable adjustments to support a student to demonstrate the LO by an alternative method or with additional resources.
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
