University of St Andrews

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 7

Semester: 2

Planned timetable: 2.00 pm Mon, Tue, Thu

The module provides an introduction to the market system and consumer and producer behaviour. Topics covered include demand, supply, elasticities, taxes, welfare and public goods. Different market structures are studied including perfect competition, monopoly and oligopoly. Market failure and the need for government intervention is also analysed. Strategic behaviour is investigated using game theory.

Relationship to other modules

Anti-requisite(s): You cannot take this module if you take EC1004

Learning and teaching methods and delivery

Weekly contact: 30 hours of lectures over 11 weeks, plus 1 office hour (x 12 weeks) and 6 tutorials per semester.

Scheduled learning hours: 36

Guided independent study hours: 164

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 75%, Coursework = 25%

As defined by QAA
Written examinations : 100%
Practical examinations : 0%
Coursework: 0%

Re-assessment: 3-hour Written Examination = 100%

Personnel

Module coordinator: Dr M K Ozbek
Module teaching staff: Dr K Ozbeck
Module coordinator email mko2@st-andrews.ac.uk