EC2001 Intermediate Microeconomics

Academic year

2024 to 2025 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 8

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Availability restrictions

EC2001 cannot be taken in the first year

Planned timetable

2.00 pm Mon, Tue, Thu and Fridays

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Prof I Smith

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Ian Smith

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

The module aims to deepen the general understanding of microeconomics gained through the study of EC1002. It will cover a range of topics including: consumer and firm theory, decision under uncertainty, game theory and general equilibrium. Formal mathematical reasoning will be combined to a more intuitive approach. This will allow to provide the foundations on which the honours programme can build, while making the module accessible for students not pursuing their studies of economics beyond Level 2000.

Relationship to other modules

Pre-requisites

BEFORE TAKING THIS MODULE YOU MUST PASS EC1002 OR PASS EC1004

Co-requisites

YOU MUST ALSO TAKE EC1003 OR TAKE MT1002

Assessment pattern

2-hour Written Examination = 50%, Coursework = 50%

Re-assessment

2-hour Written Examination = 100%

Learning and teaching methods and delivery

Weekly contact

3 x 1hr x 10 weeks lectures, 1 x 1hr x 10 weeks exercise lectures, 1 x 1hr x 5 weeks labs

Scheduled learning hours

45

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

155

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • Understand the intermediate principles of microeconomic theory
  • Analyse the behaviour of economic agents in different scenarios
  • Analyse situation of simple strategic interaction among different agents
  • Apply the appropriate models to the analysis of practical microeconomic issues
  • Present clearly and methodically in their own words, but also using equations and diagrams