EC201-Intermediate Microeconomics

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:5
Terms in which taught: Autumn term module
Pre-requisites: EC113 Introductory Microeconomics and EC116 Introductory Mathematics for Economics 1
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Vivien Burrows

Email: v.e.burrows@reading.ac.uk

Summary module description:
This module introduces students to the core material in microeconomics, including consumer and producer theory, imperfect competition, and general equilibrium theory.

Aims:
The aim of this module is to provide students with a more in-depth and rigorous understanding of core concepts and methods of microeconomics. The module builds on topics familiar to students from the first year, such as consumer and producer theory, and introduces new topics including decision-making under uncertainty, imperfect competition, general equilibrium and welfare.

Assessable learning outcomes:
At the end of the module, students should be able to:
- demonstrate a sound understanding of microeconomic principles, theories and methods of analysis;
- apply analytical methods to solve and interpret economic problems such as utility and profit maximisation when there are constraints on choice;
- apply microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena.

Additional outcomes:

Outline content:
Topics to be covered include:
- the theory of consumer behaviour
- decision-making under uncertainty
- imperfect competition
- markets for factor inputs
- general equilibrium and welfare
- market failure

Global context:
This module is compulsory for all single honours Economics degree programmes.

Brief description of teaching and learning methods:
Lectures will develop all the main material. Tutorials will cover exercise material designed to facilitate understanding of lecture topics. Office hours will be available for students to consult the lecturer on an individual basis.

Contact hours:
  Autumn Spring Summer
Lectures 30 2
Tutorials 4
Guided independent study 150 14
       
Total hours by term 184.00 16.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 70
Set exercise 30

Other information on summative assessment:
30% of the mark will come from set exercises (a combination of in-class exercises and take home assignments)

Formative assessment methods:

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:
    One 3-hour unseen written paper.
    Part 2 examinations are held in the Summer term.

    Requirements for a pass:
    A minimum overall mark of 40%.

    Reassessment arrangements:
    Re-assessment is by examination only; coursework is not included at the second attempt. Re-examination takes place in August/September of the same year.

    Additional Costs (specified where applicable):
    1) Required text books:
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding: There may be optional costs associated with photocopying or printing sources listed on the reading list relating to this module. Please note that the Library charges approximately 5p per photocopy.
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 21 December 2016

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