EC201NU: Intermediate Microeconomics

Module code: EC201NU

Module provider: Economics; School of Philosophy, Politics and Economics

Credits: 20

ECTS credits: 10

Level: 5

When you’ll be taught: Semester 1

Module convenor: Dr Carolyn Molesworth-St Aubyn, email: c.molesworth-staubyn@reading.ac.uk

NUIST module lead: Satru Sinah, email: 100117@nuist.edu.cn

Pre-requisite module(s): BEFORE TAKING THIS MODULE YOU MUST TAKE EC140NU AND TAKE EC141NU (Compulsory)

Co-requisite module(s): IN THE SAME YEAR AS TAKING THIS MODULE YOU MUST TAKE EC202NU (Compulsory)

Pre-requisite or Co-requisite module(s):

Module(s) excluded:

Placement information: NA

Academic year: 2026/7

Available to visiting students: No

Talis reading list: Yes

Last updated: 25 March 2026

Overview

Module aims and purpose

This Microeconomics module brings together economic theories introduced in Introductory Micro/Macroeconomics, and the mathematical methods taught in first year Mathematical Methods for Economists.

The primary aim of the course is to introduce students to the bread-and-butter toolbox of a micro economist.  You will learn formal, mathematical, solution methods.  The main advantage of a mathematical approach is its rigor and clarity. By removing extraneous details from a problem or issue, models help to isolate and uncover underlying trade-offs and illuminate connections between ideas.

Module learning outcomes

By the end of the module, it is expected that students will be able to:

1. Demonstrate a sound understanding of microeconomic principles, theories and methods of analysis
2. Apply analytical methods to solve and interpret economic problems
3. Apply microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena

Module content

The module will cover:

• models of consumer behaviour; constraints and preferences; optimisation; indifference curves
• decision making under uncertainty
• game theory
• market structure and outcomes
• division of resources, mutually beneficial exchange, welfare
• undefined property rights and other collective action problems

Structure

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. 

Study hours

At least 96 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

Students need to achieve an overall module mark of 40% to pass this module.

Summative assessment

Penalties for late submission of summative assessment

The Support Centres will apply the following penalties for work submitted late:

Assessments with numerical marks

• where the piece of work is submitted after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): 10% of the total marks available for that piece of work will be deducted from the mark for each calendar day (or part thereof) following the deadline up to a total of three calendar days;
• where the piece of work is submitted up to three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in you Individual Learning Plan), the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
• where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan), no penalty shall be imposed;
• where the piece of work is submitted more than three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): a mark of zero will be recorded.

Assessments marked Pass/Fail

• where the piece of work is submitted within three calendar days of the deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): no penalty will be applied;
• where the piece of work is submitted more than three calendar days after the original deadline (or a DAS-agreed extension as a reasonable adjustment indicated in your Individual Learning Plan): a grade of Fail will be awarded.

Where a piece of work is submitted late after a deadline which has been revised owing to an extension granted through the Assessment Adjustments policy and process (self-certified or otherwise), it will be subject to the maximum penalty (i.e., considered to be more than three calendar days late). This will also apply when such an extension is used in conjunction with a DAS-agreed extension as a reasonable adjustment.

The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/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.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

There will be quizzes, assignments and problem sets given to students. 

Reassessment

Additional costs