ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | MICROECONOMICS FOR BUSINESS ECONOMICS | ||
Code | ECON227 | ||
Coordinator |
Dr CW Bach Economics C.W.Bach@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 5 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
6 |
24 6 |
36 | ||||
Timetable (if known) |
60 mins X 1 totaling 6
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120 mins X 1 totaling 24
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Private Study | 114 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: open book online assessment Assessment Type: Written Exam Duration: 12 hours (Expected completion time 2-3 hours) Weighting: 50 Reassessment Opportunity: Yes Penalty for Late | 12 hours (Expected c | 50 | ||||
Assessment 2 : Open book online assessment Type: Written Exam Duration: 12 Hours (Expected completion time 2-3 hours) Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submi | 12 Hours (Expected c | 50 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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Students should acquire the ability to reason about economic topics, and provide logical analysis of specific economic problems. |
Learning Outcomes |
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(LO1) Understand how to analyse individual consumption behaviour |
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(LO2) Understand the implications of profit maximization for firms. |
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(LO3) Combine the knowledge of consumption and production behaviour to provide a general equilibrium analysis of economic activities. |
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(S1) Problem solving skills |
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(S2) Communication skills |
Teaching and Learning Strategies |
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Teaching Method: Online Asynchronous Learning Materials Teaching Method: Seminar Teaching Method: Group Study Weeks 1-6: Consumer Theory Weeks 7-12: Production and Cost & General Equilibrium and Economics Welfare Costs Information: Students may be required to purchase the set textbook, although this will be at the discretion of the lecturer delivering the course. There are the following non-modular requirements: This module is a pre-requisite for the following modules: Skills/Other Attributes Mapping Skills / attributes: Problem solving skills Skills / attributes: Communication skills |
Syllabus |
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Consumer Theory |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |