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ECO-40010 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

For academic year: 2024/25 Last Updated: 22 November 2024

ECO-40010 - Microeconomics: Theory and Policy
Coordinator: Shiva Sikdar Tel: +44 1782 7 34372
Lecture Time: See Timetable...
Level: Level 7
Credits: 15
Study Hours: 150
School Office: 01782 733094

Programme/Approved Electives for 2024/25

None

Available as a Free Standing Elective

No

Co-requisites

None

Prerequisites

None

Barred Combinations

None

Description for 2024/25

The Module will provide you an excellent grounding into the theory and advanced applications in Microeconomics at the PG level. The Module explores established theory as well as modern extensions into decision-making by individuals and firms, the concepts of efficiency, and the economics of choice under uncertainty. The Module nurtures a blend of analytical and intuitive reasoning. Further, there will be a focus on empirical and policy applications of the concepts discussed in the module.

Aims
The Module aims to give students an excellent grounding into advanced Microeconomic applications, at the PG level. Both established theory and modern extensions will be covered. The Module will nurture a blend of analytics and intuitive reasoning and will emphasise empirical and policy applications throughout.

Intended Learning Outcomes

Critically assess the key theories and analytical methods of advanced microeconomics
: 1
Assess the theory of consumer choice, production and market exchange and its usefulness in a variety of applied contexts
: 1
Evaluate the features, efficiency properties and relative merits of different market structures and their implications for current economic challenges
: 1
Understand issues related to uncertainty and apply this to various applications of decision under uncertainty.
: 1

Study hours

20 hours lectures
4 hours seminars
20 hour seminar preparation
76 hours general study
30 hours preparation for the final assessment

School Rules

Available as an option if students have adequate knowledge of Microeconomics at UG level (L5 or
L6), to be assessed by the Module Leader in association with the Programme Director.

Description of Module Assessment

1: Open Book Examination weighted 100%
Final assessment


The University undertakes a continuous review of its teaching and research provision to ensure programmes are of a high quality and changes may be made to modules where it is necessary and reasonable to do so. Please be aware that minor changes to modules, such as a change to an individual assessment, can occur up until enrolment, although we endeavour to give you as much notice as possible of any changes. Details about the circumstance in which changes are made to programmes can be found in the Student Agreement, available at: https://www.keele.ac.uk/legalgovernancecompliance/governance/actcharterstatutesordinancesandregulations/studenttermsconditions/

Last Updated: 22 November 2024