Academic year(s): 2018-2019
SCOTCAT credits : 20
ECTS credits : 10
Level : SCQF Level 7
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.
Anti-requisite(s): You cannot take this module if you take EC1004
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
As used by St Andrews: 2-hour Written Examination = 75%, Coursework = 25%
As defined by QAA
Written examinations : 100%
Practical examinations : 0%
Re-assessment: 3-hour Written Examination = 100%
Module coordinator: Dr M A Leighton
Module teaching staff: Dr K Ozbeck