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EC1002 Microeconomics

SCOTCAT credits:20
Academic year(s):2017/8
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.

Place in programme(s) and relationship to other modules

Undergraduate

Either (EC1001 and EC1002) or EC1004 is compulsory for Economics, Financial Economics, BA (Int Hons) Economics and BA (Intl Hons) International Relations

UG Anti-requisite(s):EC1004
UG Modules required for:EC2001

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.
Total module hours:
  • Scheduled learning: 36
  • Guided independent study: 164

Assessment pattern

UG As defined by QAA:
  • Written examinations: 100%
  • Practical examinations: 0%
  • Coursework: 0%
UG As used by St Andrews:2-hour Written Examination = 75%, Coursework = 25%
UG Re-assessment:3-hour Written Examination = 100%

Personnel

Module coordinator:Dr I Smith
Module teaching staff:Dr I Smith