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School of Social Sciences

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BAEcon Economics
Learn how the social sciences can help you to understand today's world.

BAEcon Economics

Year of entry: 2018

Course unit details:
Microeconomic Analysis 2

Unit code ECON10172
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 2
Offered by School of Social Sciences
Available as a free choice unit? No

Overview

See course Blackboard pages.

Pre/co-requisites

Unit title Unit code Requirement type Description
Advanced Mathematics ECON10071 Pre-Requisite Compulsory
Microeconomic Analysis 1 ECON10171 Pre-Requisite Compulsory
ECON10172 Co-requisite: ECON10171 and ECON10071

This course unit is for BA Econ, BSc Econ and PPE students only.

NOT available to students who have previously taken ECON10041/42 or ECON10081/82.

Aims

The aims of this course are: to provide a further introduction to the fundamental concepts and techniques of microeconomic analysis and expose students to a range of applications.

Learning outcomes

The objectives of this course are that students will be able to:

  1. Have developed a solid grasp of microeconomic theory and quantitative methods.
  2. Demonstrate knowledge of important areas of application.
  3. Analyse and use analytical models for applications.
  4. Evaluate and critically analyse microeconomic arguments, theories and policies.
      

Syllabus

A brief overview of the syllabus/topics:

  • Competitive firms and markets (perfect competition, profit maximization, short and long run competition).
  • General equilibrium and economic welfare (trade only, production and trade economies, efficiency and equity).
  • Monopoly (profit maximization, market power and welfare, regulation).
  • Pricing (price discrimination, bundling, advertising).
  • Game theory (static games, dynamic games, examples and applications).
  • Oligopoly models (Cournot models, Bertrand models, monopolistic competition).
     

 

Teaching and learning methods

Lectures and tutorial/exercise classes; independent study; group learning, and online learning.

Employability skills

Analytical skills
Synthesis and evaluation of data.
Problem solving
Research
Ability to independently locate and assess relevant literature, and to draw on these in developing understanding and constructing arguments.
Other
Time management and working to deadlines.

Assessment methods

Method Weight
Other 15%
Written exam 75%
Oral assessment/presentation 10%

Presentations in class (10%).

Mid-Term Test - problem solving questions (15%).

For information about feedback please follow this link:
http://www.campus.manchester.ac.uk/tlso/map/teachinglearningassessment/assessment/sectionb-thepracticeofassessment/policyonfeedbacktostudents/.

Feedback methods

  • Feedback in tutorials/classes.
  • Office hours.
  • Informal talk with the lecturer and tutor.
  • Discussion board.

Recommended reading

Jeffrey Perloff (2014) “Microeconomics with Calculus, Global Edition” (ISBN-10: 0273789988; ISBN-13: 9780273789987). Chapters 8-14.

 

Study hours

Scheduled activity hours
Assessment written exam 1.5
Lectures 18
Tutorials 8
Independent study hours
Independent study 72.5

Teaching staff

Staff member Role
Carlo Reggiani Unit coordinator

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